Shorting 2% leveraged at 3.13 liquidation (17x from 2.96) till 1.41 at expected 2.4x profit.
Reasoning: Price inefficiency
I want to add that my permanent Long is still with Cardano since 0.7, and will be there for foreseeable future (probably 10+ years). I do these actions in certain circumstances to hedge my position and later increase my long.
The key is to do a single leveraged transaction at the correct time. Timing the market is extremely difficult and mostly luck, however, sometimes it's doable.
Good Luck!
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It would be smart to collect some profit. I'm collecting 30%.