This sell-off completely exposed the earlier so-called bullish strength. $CFX A few days ago, it repeatedly pushed up at the high levels; on the surface it didn’t look weak. What really caught my attention was that every time it surged upward, nobody was willing to keep taking the next buy. The moment sell pressure came out, it immediately fell back—its structure clearly changed.

I’m not calling it bearish only after it starts dropping. I already noticed this zone earlier: CFX has been grinding around 0.05811, but the volume can’t keep up, while the price is still stubbornly pressing higher. This kind of order book is very likely to make people who chase longs misread the situation. The key is that “bullish strength” needs follow-through. Without follow-through, any upside push is just building room for the downside.

Now the price has been driven to 0.04507, and the short position is up +1080.67%. The market’s room has been released very decisively. For the brothers with larger positions, don’t get too carried away—handling it in an 80/20 split will feel better. First lock in part of the profits, and then use a protective level to manage the rest. If you miss it, don’t chase a short. Don’t force new trades, and don’t hard-enter when emotions are at their peak—wait for the next opportunity.

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