This short position finally paid off. $AVAX was pushed down from the high, and the price action was very straightforward.



This time, I wasn’t watching just a single bearish candle, but the sense of pressure after multiple attempts above failed to break through. A lot of people at the time were waiting for a rebound and then a further push up. What really caught my attention was that the volume couldn’t keep up—every time the price rose, it was smashed back down. This didn’t look right anymore.

The short entry was around 9.312. Now it’s at 6.6, and the unrealized profit is already +2068.77%. This move wasn’t about guessing direction—it followed the key level after the high-level structure loosened, and the market’s room for movement was released pretty directly.

For brothers who have positions, personally I’d lean toward a 80/20 staged process: take profit on most first, and keep the remaining small portion with a protective level to see if it extends further. Don’t get carried away just because you’ve pulled some profit—what shorts fear most is a rebound that swallows it all back in one bite.

If you haven’t entered, don’t rush. Don’t chase a short from here—wait for the next rebound to get a more comfortable entry.

$BTC $ETH
AVAX-1.54%
BTC-1.32%
ETH-2.68%
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