I don’t want to chase that prior surge at all. $LINK looks strong, but the high-level support is actually very weak. The higher it goes, the more it looks like it’s creating room for the shorts. Now that this drop has happened, the answer is already very clear.



I took the short from 9.750 to now; the current price is 8.482, with current profit +922.78%. Back then, many people only focused on the breakout. I was watching the pause after the breakout: the price surged up but couldn’t hold. Buyers didn’t keep following through, and instead it started getting pushed back. Something was already off here.

At times like this, it’s not about who can shout louder—it’s about who dares to execute according to the plan. The current trend is extending clearly; profits have already been realized. Those with large positions can handle it in batches with an 80/20 split: keep a portion with protective levels and follow it, so the pullback doesn’t swallow the rhythm.

What I care more about is trade quality, not that every move has to be squeezed until the end. After realizing profits from the drop, first take back the initiative. If you didn’t catch it, don’t chase—no follow-on trades. Wait for the next opportunity and reassess at a more comfortable level.

$BTC $ETH
LINK-1.20%
BTC-1.12%
ETH-2.64%
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