💥 How I Made 106% Profit Shorting SPX6900 (SPX) with 7x Leverage — Cup & Handle Pattern in Action

In crypto trading, spotting patterns early and acting decisively can make all the difference. I recently closed a 7x leverage short position on SPX6900 (SPX), and the result? A clean +106% profit. Here’s how I saw it coming and how I shared it with my community — so you can learn from it too.

🔍 The Setup: Cup & Handle Pattern + Overbought RSI

A few days ago, I noticed that the SPX6900 chart was forming a Cup and Handle pattern — a classic structure in technical analysis. Typically, in this setup, traders enter short positions at the top of the “cup”, before the price dips to create the “handle.”

That top? It was right around $1.70, almost exactly where I entered my short. The RSI at the time was well above 75, clearly signaling that the coin was in overbought territory. At the same time, hype was high due to a recent pump, but volume was already declining compared to previous peaks (especially June 5th).

All signs pointed to an upcoming correction.

📊 Trade Summary

• Asset: SPX6900 (SPX)
• Leverage: 7x
• Entry Price: $1.70
• Take Profit: $1.44
• Profit: +106%
• Reason: Cup and Handle + RSI overbought + hype-driven pump
• Shared with: My YouTube channel members (Academy level)

🎓 Where I Share These Insights

I regularly share these kinds of patterns and setups with my Academy-level members on my YouTube channel: Crypto von Schipovatz. In fact, I alerted them days before the trade happened:

, and many of them made gains as well:

🧭 Where I Trade

I executed this trade on MEXC, a platform I use for altcoin leverage trades thanks to its deep liquidity and range of coins.

👉 If you’re new to MEXC and want to try similar trades, you can explore the platform via this educational invite link: https://www.mexc.com/acquisition/custom-sign-up?shareCode=mexc-Schipovatz (Using this link helps support my content — at no extra cost to you.)

🧠 What You Can Learn From This

• Cup and Handle patterns are powerful, but timing is key
• Overbought RSI + declining volume can signal a great short entry
• Hype alone isn’t sustainable — especially when driven by news or listings
• Sharing signals with a focused community helps everyone grow together

If you found this breakdown useful, consider sharing it with your friends or community. And don’t forget to subscribe to my channel Crypto von Schipovatz for more real-time insights, trade ideas, and educational content.

Profit is sweet — but knowledge is the real edge.