That high-level key level I was watching finally gave the answer today. This round in $DOT isn’t suddenly weakening; from the moment the bounce started, problems were already showing. It didn’t have sustained buy pressure on the way up, but the pullback has been cleaner and cleaner each time.

My short position entered at 1.280, and the current price is down to 0.862. The profit is already +2322.68%. At the time, what I was watching was whether price could reclaim and hold above the upper level—but the chart feedback was very direct: it couldn’t push through, it couldn’t hold, and capital started driving downward toward the available space.

A lot of people still thought after the first wave of selling that it would be pulled back immediately, but things are already not right here. The real change isn’t how much it fell—it’s that the rebounds are getting weaker and the resistance/holding is getting thinner. Once the shorts’ rhythm is picked up, price is likely to move downward along the key level.

I’m not being greedy with this trade for now. Protect the gains first. You can take profit in batches using an 80/20 approach—leave some to watch for a clearly extended move, keep the stop-loss/protection level up to date, and don’t let the profit you already locked in keep getting churned. Don’t chase if you miss it; longs/shorts don’t like emotionally chasing lows. Wait for the next opportunity for a steadier setup.

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