A lot of people were still hesitating just now, and this downward move of $CGPT has already given the answer. My short entered at 0.02421 and now is at 0.01857, with a profit of +1127.86%. Once the room for volatility opens up, the chart rarely gives people time to think slowly.

The key is here: it can’t push through at the highs in a continuous way; every rebound gets pressed down by sell orders. This kind of price action looks frustrating, but it’s actually draining the longs’ patience. Before the real trend change, the most likely thing to happen is fake strength—on the surface it’s still holding, but inside it’s already loosening.

What I was watching at the time was the rebound strength and changes in order book support. After the structure clearly changed, going short was no longer a guess—it was just following the rhythm. Now that profits have already been realized, those with positions can take profit in batches with an 80/20 split; keep the remaining part with a well-placed protection level so you don’t let gains retrace too much.

If you can eat this move, then just take what you get—don’t be greedy for the final leg. If you missed it, don’t chase shorts; and don’t chase longs either during the rebound—wait for a more comfortable level.

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