Why did I short #C ? This wave is about taking profits, no feelings involved 💥
Many people are still fantasizing about C skyrocketing, but I have already positioned myself to short, and the reason is very simple 👇
1⃣ Overheated and overdrawn, serious divergence
This wave of C is obviously an overheated market, with price increases far exceeding fundamental support. After several days of strong volume pushing up, the bullish momentum is severely overstretched in the short term.
📉 Technically, there is a serious divergence on the daily and 4-hour charts, and a top structure is initially forming. Once it plunges, it will lead to a chain reaction of selling.
2⃣ No new positive news, hype is nearing its end
The main line of speculation has been overdrawn, and there are no actual positive developments to follow up. Currently, the market is only being held up by emotions.
Outdated themes + concentrated profit-taking by funds, the main force is clearly distributing after pushing prices up. Once there is a large volume sell-off, it will happen very quickly.
3⃣ On-chain data is starting to cool down
On-chain activity, transaction numbers, and trading volumes are beginning to decline, with enthusiasm waning and funds withdrawing.
Hot money never fights to the end, especially in narrative-type projects; after speculating, they leave behind the bag holders.
4⃣ Clear traces of main force control
The K-line trend is extremely unnatural, with a typical "push up and distribute structure". The high-level fluctuations are actually the main force washing out retail investors' positions.
Prices are moving sideways, while positions are quietly being reversed; if you don't run, it will run.
✅ So I am directly shorting, without hesitation
📌 Technical indicators + funds show dual divergence
📌 Market sentiment peak has passed
📌 Risk control is clear, profit and loss cut-off points are defined, take profits without greed
Market conditions are not determined by who shouts the loudest, but by who dares to short. You see it as faith, I see it as an opportunity. Shorting C, I only take assured positions.
