"YOU NEED TO CLOSE YOUR TRADE"

Sit on the porch puppy

My concern for people who do not follow what I am saying is simple: most people do not trade for a living.

I do.

When I make a decision, I need conviction behind it.

Earlier, we were sitting at around $160,000 profit, but the trade had not properly played out yet.

Now we are around $200,000 profit, because when price pushed back up, I entered two more large shorts. I did that because I could see the market getting rejected from resistance.

On Solana, the local top was around $93.50. We went short around $92.50, and price is now around $90.50.

On Ethereum, the local top was around $2,316. I went short around $2,278, and price is now around $2,244.

They were not perfect entries, but they were entries taken on the breakdown of structure.

Now that structure is starting to break down.

I do not see the strong buy-the-dip argument here. For me, buying the dip at this point does not make much sense.

The sizing is also important.

A 1% move on my current exposure is roughly a $140,000 swing.

That means even a small move in the right direction becomes very significant. I am not saying we get a 10% move, but with this level of exposure, we do not need anything close to that for the trade to pay properly.

As I said earlier, I am prepared to lose around $100,000 if I am wrong.

But this is not my take-profit zone.

I want to see price move deeper into the range first. The structure is breaking down, and while that remains the case, I am going to keep backing the breakdown.

It may take time.

We will find out soon enough whether the read is right.