This short batch finally hammered out the profits. $BSB ground down from the highs until it broke, and that mid-session acceleration was very decisive. My short position is at 0.66066; now the price is at 0.13498, and my unrealized profit is already +1567%. The market’s room to run has opened up more smoothly than expected.



What really caught my attention is that the earlier rebound looked lively, but above, nobody was willing to keep taking bids. Every time the price pushed up, it got pushed back down. The structure has clearly changed. Many people are still waiting for it to regain stability, but what I’m seeing is that the follow-through is getting weaker and weaker. Once this kind of chart action breaks down, shorts can easily take over the tempo.

For this trade, I’m handling it in batches with an 80/20 split: first lock in most of the profits, and keep a smaller remaining position with a protective level to watch for further extension. The biggest fear after profits are taken is greed—especially when contract-market volatility picks up quickly; the pullback can be brutal too.

If you didn’t get in, don’t chase shorts, and don’t chase a unit-sized rebound. Wait for the next opportunity and move only when it’s at a more comfortable level.

$BTC $ETH
BSB-10.34%
BTC-0.42%
ETH1.96%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned