I was just about to turn off the screen and go to sleep, but the price first handed me the short-side answers. A few days ago, before bed, $CFX was still repeatedly testing at high levels—seemingly very lively on the surface, but each time it surged upward it fell just short, the volume didn’t keep up, while the sell pressure above kept becoming more obvious.

During the session, I watched the CFX order book’s buy-side absorption changes. Seeing that the rally lacked follow-through and the bids couldn’t hold, I judged this to be more like a loosened setup after a bull trap, so I opened a long around 0.05811 without chasing the apparent strength.

Now the price is at 0.04433; the short position has realized a profit of +1146.97%. That long-awaited profit finally got cashed in—timing was spot on. First, close 80%, then move the remaining 20%’s protective stop to around the cost basis. If it keeps dropping further, let the profit run; if it rebounds, don’t give back what you’ve already taken.

Being sidelined isn’t a crime—opening positions at random is the mistake. Friends who haven’t boarded yet, don’t chase this stretch. Wait for the next, more comfortable entry point; once a new structure forms, we’ll look again. There are still opportunities—don’t rush.

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