Seeing some overbought signs in the market at this level, my idea is to think contrarily — look for opportunities to short.

How exactly to operate? Wait for a rebound in the $0.3020 to $0.3030 range, and once the price hits resistance, that will be my entry point. Set the stop loss above $0.3050, near the upper band of the daily Bollinger Bands.

If the price drops as planned, my target is at $0.2900, which is right where the 4-hour lower Bollinger Band and liquidation cluster intersect, theoretically putting some pressure there.

For capital allocation, I use $200 of principal, with 5x leverage, so the total position is $1,000. I believe this ratio can strike a balance between profit and risk — not too aggressive, and able to seize rebound and correction opportunities.