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To be honest, this short wasn't particularly aggressive, but the result is very comfortable.
$ESPORTS was consolidating at a high level, looking strong on the surface, but actually starting to show weakness.
Many people were watching for a bounce, thinking it could keep pushing up, but the market gave the exact opposite feeling.
I entered the short around 0.02772, and the current price has already dropped to 0.02334.
From entry to now, the price has been steadily pressing down, and each bounce failed to truly reclaim the level.
The profit on this trade is currently +310.4%.
The core reason I was able to hold to this point is not that I saw something overly complex, but that once I detected the shift from strength to weakness, I didn’t hesitate for long.
I’ve already taken profit on 80% of the position as planned.
The remaining 20% will be held for observation; if it continues to drop, let it run; if the retracement becomes too strong, the stop will be triggered immediately.
I had already noticed this level earlier; it wasn’t a spontaneous decision.
If you missed it, don’t rush to add a short—chasing in is more likely to get you caught off guard by a counter-swing.
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