Don’t underestimate this pullback. $BCH dropped from 345.75 to 231.71, and the short position profit is already up +2340.35%. On the surface it’s just a price decline, but in reality, during that earlier high-level range-bound phase, selling pressure had already started to outweigh buy-side demand.

The most obvious signal at the time was that every push up lacked follow-through; instead, once it was dumped, people would keep running with it. Many were still waiting for a breakout, but what I saw was the room for a counter-move after a failed breakout. This level is crucial—once upside resistance is confirmed, the shorts won’t just be testing anymore; they’ll start releasing volatility space.

Now that the positions are in profit, don’t mess up the rhythm. Those with larger size can take profits in batches using an 80/20 split: hold on to the more certain portion first, and use protective stops to continue holding the rest. Don’t give back your gains just because you’re greedy. Next, I’ll keep watching how the rebound holds—strength or weakness—no rush to add randomly. Missing this leg doesn’t matter. Don’t chase; wait for the next, more comfortable entry.

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