--- title: "๐Ÿšจ๐Ÿ“‰ The top never appears on the day of the crash: the real selling point often comes at the peak o" description: "๐Ÿšจ๐Ÿ“‰ The top never appears on the day of the crash: the real selling point often comes at the peak of frenzy.Most investors study "how to pick stocks," but rarely seriously research "when " type: "topic" locale: "en" url: "https://longbridge.com/en/topics/38745985.md" published_at: "2026-02-15T22:31:46.000Z" author: "[่พฐ้€ธ](https://longbridge.com/en/profiles/16318663)" --- # ๐Ÿšจ๐Ÿ“‰ The top never appears on the day of the crash: the real selling point often comes at the peak o ๐Ÿšจ๐Ÿ“‰ The top never appears on the day of the crash: the real selling point often comes at the peak of frenzy. Most investors study "how to pick stocks," but rarely seriously research "when to sell." But the reality isโ€” Profits are not determined at the moment of buying, but locked in at the moment of selling. The real top is almost never quiet. It is often accompanied by acceleration, surging volume, price gaps, and extreme sentiment. If you only focus on fundamentals and ignore these structural signals, you are likely to give back your paper profits to the market. The following 10 sell signals can essentially be categorized into three types of structural logic: Acceleration imbalance, volume-price divergence, and trend exhaustion. First Type: Acceleration Imbalance โ€” When the rally starts to "lose control" When a stock, after a continuous rally, suddenly records its largest single-day gain of the current run, it often signals not a strengthening trend, but the final emotional peak. A faster rally does not equal greater safety. Similarly, when the weekly gain hits a new high for the phase, and the price action shows a vertical spike, this kind of "climactic rally" often indicates that shares are changing hands at high levels. Rising too fast means the holding structure is starting to become imbalanced. And imbalance will eventually be corrected. Second Type: Volume-Price Anomaly โ€” When volume starts telling the truth A classic feature of a top is "huge volume." The largest single-day trading volume, especially occurring after the price has moved far away from a reasonable entry point, often represents institutional funds withdrawing in batches. A more subtle signal is "high volume without price advance." Volume expands, but the price fails to make new highs, indicating that buying power can no longer absorb the selling pressure. On the surface, it looks like strong consolidation; behind the scenes, it's a quiet distribution. The market won't announce over a loudspeaker that institutions are selling, but volume will. Third Type: Trend Exhaustion โ€” When the structure starts to break An exhaustion gap is a typical end-of-trend characteristic. If the stock price suddenly gaps up significantly at a high level, it may look strong, but it's often the last burst of sentiment. When the number of consecutive down days starts to exceed up days, the trend has shifted from "active offense" to "passive defense." What follows is breaking below the rising channel, moving too far away from the 200-day moving average, and excessive rallies after a stock split. Individually, these signals may not be fatal, but when they start to stack up, they are no longer noise but structural changes in the trend. The real difficulty is not identifying the signals. The difficulty isโ€”whether you are willing to calm down at the most exciting moment. The top never appears in a "perfect form." It's more like an accumulation of a series of subtle structural changes. By the time market consensus confirms a top, the price has often already fallen by more than 15%. Selling, in essence, is not about predicting the future, but about managing risk. When the trend starts to deviate from the norm, when volume-price relationships become abnormal, when acceleration enters an irrational phaseโ€” That is not a reason to add more positions, but a signal to start reducing risk. If you review your past trading records, which signal did you ignore that led to your biggest drawdowns? ๐Ÿ“ฌ I will continue to deconstruct the formation logic of trend structures and risk signals, sharing how I reassess my portfolio structure when market sentiment is most extreme. Follow me, and let's prepare together before the cycle shifts. ### Related Stocks - [GBTC.US - Grayscale Bitcoin Trust BTC - ETF](https://longbridge.com/en/quote/GBTC.US.md) - [SBET.US - Sharplink](https://longbridge.com/en/quote/SBET.US.md) - [BTC.US - Grayscale Bitcoin Mini Trust ETF](https://longbridge.com/en/quote/BTC.US.md) - [ABTC.US - American Bitcoin](https://longbridge.com/en/quote/ABTC.US.md) --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.