$STG 24-hour plunge of 19.55%, I currently hold a short position with floating profit, adding more, for a total profit of +12.3%. Before this sharp decline, I pre-placed a short order at 0.255, now at 0.2527 still dipping, but note the trading volume of 162.4M is unusually high, clearly indicating the main force is shaking out traders.

Complete trading plan: At the current price of 0.2527, place a half-position short order, stop loss at 0.2620 (break above the 24-hour moving average line), first take profit at 0.2350 (close to previous low support), second take profit at 0.2220. Keep position size within 10% of total funds, do not hold oversized positions.
Predict two scenarios: 1) Continue dropping to around 0.23 with volume rebound, I will close the short and switch to a small long position; 2) After oscillating between 0.25-0.26 and pulling back to 0.27, close the short with a stop loss, then short again at 0.268.
Don’t ask me how I dare, five years of real trading experience, I’ve seen many such rapid drops leading to liquidation. Updates on the results in the comments section.