This sell-off just now is pretty interesting. It looked like it was grinding people down at first, but once it broke the level, it didn’t give much time to react. I’ve been watching this $LINK trade for a long time—the real change wasn’t the one drop, but the fact that after staying sideways at the high level, it still couldn’t put out any new strength.

I already paid attention to this area earlier. Around 9.420, I chose to go short. The reason is simple: the rally kept getting more and more shaky, while the pullback was each time more decisive. A lot of people are still fantasizing about a continued push, but the chart has already started to answer in advance. Now the price is at 8.391, with unrealized position profit of +773.58%, and the trend extension is obvious.

In this kind of market, the two biggest fears are: one is getting greedy after taking profit and not watching protection, and the other is missing out and getting emotionally carried away to chase. My approach is still relatively conservative—first lock in part of the profit; for the rest, watch the strength of the pullback. The protection level must not be removed casually.

The downside profit has already been delivered. If you didn’t catch it, don’t force a chase. Don’t chase the pullback either—wait for the next opportunity.

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