$XRP Plunge + positive funding fee. Double win for short 🤡👍

This $ETH long position was not opened by chasing the rally; I entered only after the breakout and pullback confirmation. The price reached 2717.33, with unrealized profit of +108.92%. I first closed 70%, and will watch the protection level for the remaining 30%. I will not chase if I miss the entry. 📈 There are two technical reasons: after the previous high was broken on increased volume, the pullback did not fall back into the range, turning a key level into support; the moving averages are in a bullish alignment, with healthy price-volume action—rising on volume and pulling back on lower volume, without high-level volume expansion and stagnation. The first key level is the upper boundary of the range, with the key levels above at 2717.33 and the previous high’s dense chip zone. There were shakeouts with wicks during the holding period, as well as a false breakout to lure shorts, but the closing price did not damage the structure, so I was not stopped out. After taking profit on 70%, I moved up the protection level for the remaining 30%; I will continue taking partial profits if it pushes higher, and keep holding as long as the pullback does not break the key level. Invalidation conditions: if the closing price falls back into the range, or the rebound fails to break above the previous high on low volume, the long-position thesis is invalidated, and the remaining position will be closed directly. As long as the key level holds, the pullback bias remains bullish; do not chase the trade. $XRP $DOGE

Let me make the protection level clear first: this short position is not meant to be held blindly. After $SOXL fell near the previous low, trading volume began to decline, making chasing shorts vulnerable to a rebound. My approach is to reduce the position when it faces resistance at higher levels, and only consider adding back after a rebound confirms a lack of strength. Technically, the descending trendline is still exerting pressure, with each rebound retreating after touching it; the lower boundary of the upper range has become a key level. Until it is reclaimed, the bearish structure remains dominant. The previous low below is a key level; it usually attracts buying support on the first test, and only a high-volume break below would point to lower levels. The moving averages are bearishly aligned, but the divergence is relatively large, so a sharp drop could be followed by a period of sideways consolidation. Operationally, I scale out in an 80/20 split: realize most of the profits during the decline and keep a small position with a protection level. Place the protection level above the most recent key rebound level. If the price reclaims it and holds above it on a retest, the original view is invalidated, and the remainder is closed. Do not chase if you miss the move; wait and observe when the rebound reaches a key level. +94.04% is just the result. What truly matters is having the conviction to hold when the structure remains unchanged and the discipline to exit when it changes. $XRP $LAB