This short position finally paid off. The order book move was very straightforward. With $CGPT , it kept trying to push at higher levels but couldn’t hold—many people were still waiting for a breakout. What I was watching wasn’t just the spike, but whether there would be follow-through and acceptance after the spike.

What really confirmed it was that move with the long upper wick. After the price pushed into the high area, it was immediately slammed back down—its structure clearly changed. After entering the short at 0.02421, I didn’t rush to act. I was waiting for this leg lower to release. Now the price is at 0.0191, and the profit is already +1016.46%. This isn’t luck; it’s the execution of the rhythm after pressure built at the highs.

There was also a bounce in the middle—many people would get scared and exit. But the key level wasn’t reclaimed, so I kept holding. To put it simply: once the short side has the initiative, any rebound—if it can’t hold—only serves to confirm your position.

My current plan is simple: take profits by selling 80 in batches first, and keep the remaining 20 with a protective stop to watch for extension. The profit is already out; I can’t let a retracement disrupt the tempo. If you didn’t get in, don’t be in a hurry—don’t chase the rebound, and wait for the next opportunity.

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