That key level I’d been watching finally revealed the truth of human nature today.

When $CGPT kept trying to push up but couldn’t break through around 0.03778, I felt something wasn’t right. From the outside it still looked like a range, but in reality the bulls’ strength had already started to fade. A lot of people see consolidation and want to wait for a breakout, but what the chart felt like to me was that the overhead supply was getting heavier and heavier.

Since holding the short, the price has come to 0.0184, and the profit is already +2470.35%. This selloff wasn’t something that suddenly appeared—what mattered was that the pullbacks were weaker and weaker each time, and the sell pressure slowly took over the tempo.

For anyone who’s holding a position, don’t just stare at the gains and get excited. After the market’s space opens up, you have to control your drawdown even more. I’ll first split into batches using an 80/20 approach, keep the protection level updated, and then see whether the move extends clearly or not based on how things play out.

If you missed it, don’t chase it hard. Trading isn’t about grabbing the last bite. Don’t chase orders—wait for the next confirmation at a clearer, more obvious level.

$BTC $ETH