This trade is a typical case of high-level pressure and profit-taking. $DOT had been grinding for a long time in front of the move, and today it finally got the direction out. My short position was from 1.280 down to the current 0.847; the unrealized profit shows +2400.29%, and the room for volatility opened up very directly.

Many people think range-bound consolidation means nothing, but what I was watching then was the strength of the pullback— the stronger the counter-rally, the weaker it became, which indicates that sell pressure above has been there the whole time. This isn’t a sudden bearish call; the structure was giving signals step by step. When the real breakdown happened, people chasing longs basically didn’t react in time.

Now the profits are already quite substantial. I’ll first take profit in about 80% in batches, and keep the remaining position to continue observing—no greed for the very last leg. My protection level is placed at the position before the pullback gets out of control. Trading isn’t about who shouts the loudest; it’s about who can hold on to profits.

If you missed it, don’t worry—don’t chase and don’t chase lows either. Wait for the next opportunity, which will be steadier.

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