The bears finally got this move out. While it was grinding on a range before, many people already lost patience, but I actually felt the longer it ground, the more dangerous it became. When a sideways range at the high end can’t hold, that alone is a signal.

$AVAX this short was opened around 9.312. Back then, the price still looked strong, but the pullback after the push was too fast—it shows that someone above is continuously keeping downward pressure. Now the current price is 6.563, with a return of +2095.44%. The price action has extended clearly; that “taking profits” feeling only people who have held the position understand.

That middle rebound is the easiest part to fool people. A lot of people think it’s going to pull back up again, but it only gives a better window to observe. Once the structure clearly changes, you can’t keep clinging to fantasies to hold the direction. What’s most feared about trading contracts isn’t missing out—it’s when the momentum clearly weakens and you still stubbornly chase strength.

Here I handle it in an 80/20 staged approach: first protect the profits that have already come out, and then see whether the protective level can keep being followed. Next, only if the rebound fails to break the key level will there be a new rhythm reference. If you miss it, don’t rush—don’t chase the position. Wait until the next opportunity appears.

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