This drop is moving really cleanly—the fake strength at $ETH ’s high area has finally been broken through. The short position was opened at 2185.21, and it’s now down to 1908.93, with a return of +2198.81%. The room in the market has been released.

Earlier, I had already noticed this level. Even though the price looks like it’s still holding up, every rally lacks follow-through. The key is right here. Most people at the time were still hesitating whether to chase a long; I was watching whether the sell pressure above would get removed. It didn’t—if anything, it got heavier the more it was pressed.

After a short starts profiting, the biggest risk is getting carried away emotionally—adding more as it falls. In the end, a single counter-rally can throw off the rhythm. On my side, I’ll first take care of most of the profits, and keep a small portion to see whether it continues to probe lower. My protective stop is moved down in sync so I don’t let profits get freely given back.

If you missed it, don’t chase shorts, and don’t chase counter-rallies—just be patient and wait for the next more comfortable entry point.

$BTC $SOL