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I was originally planning to close out and rest, but I didn’t expect this sudden drop during the session—it directly cashed out the waiting I’d been holding.
When the price kept whipsawing during the session, $CFX looked pretty lively, but every time it surged there was no sustained buying. Every time the price hit a key level, it fell back. I didn’t try to guess the bottom or chase the rally by shouting—after the rebound showed weak momentum and confirmation, I executed a long position around 0.05811.
Then the price moved to 0.04397, and the return shown was +1175.97%. This time I nailed the timing. The longer it chops sideways at higher levels, the less it means you’re safer. The key is always who’s taking the bids and who’s applying the sell pressure.
First, close 80% of the short position, and protect the remaining 20% at the cost price. If it keeps dropping further, let the profit run; if there’s a rebound, only keep a controllable position size—don’t get greedy for the last bite.
Even if you only make one point—if you can take it away, that’s yours. Even with more unrealized profit, it’s only temporarily given by the chart. Don’t force it if you missed this leg—wait for the next shot and only look again once the structure is clear.
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