This sell-off is very typical: first lure people into the high position, then slowly break through the key levels. When $BCH first started to drop, many people thought it was just a normal shakeout, but what I saw was weaker and weaker support, with rebounds getting shorter and shorter.

At the time, I was watching how it rebounded around 345.75. Price couldn’t push higher and kept getting pressed back in succession. That already looked wrong, so I went long directly with a short-side mindset. The worst part isn’t that the market is falling—it’s that you can clearly see the structure has changed, yet you still don’t dare to admit it.

Now the current price is 235.5, and the short position is showing floating profit of +2263.59%, with the trend clearly extending. For trades like this, the core isn’t showing off—it’s knowing how to manage it. My thinking is 80/20: lock in most of the profits first, leave the rest to the trend, move your protection level up, and don’t let the gains give back sharply.

The market has opportunities every day. Don’t force a chase if you miss this move—don’t chase the retracement; wait for a more comfortable position.

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