This short-term “downward killing” just now basically released the short profits that had been suppressed earlier in one go. $LINK has been under pressure at higher levels for more than just a day—every push on the board gets harder, and the more people call for continuing to surge, the more I feel the risk is building up.

Before the signal came out, I already observed the changes: the rebound strength near 9.750 noticeably weakened. The price still seems to be holding up, but in reality every time it goes up, it gets smashed back down. The real key isn’t whether it’s falling—it’s that it can’t go back up.

Now it’s at 8.379; the short position with +997.74% is already placed here, and the market’s room has been released very decisively. At this level, I won’t emotionally add to the position anymore. Once the profits are out, it’s time to start thinking about how to protect them.

My handling will be more cautious: 80/20 staged take-profits, and the remaining position will keep watching for any further extension with a protective level. If you didn’t catch it, don’t chase shorts. Don’t chase on rebounds either—wait for the next position that feels more comfortable.

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