This wave of $KGEN short positions has finally played out.

A few days ago, the high took a sharp rally. Many people were still looking for continuation, but I felt something was off—if it can't push higher, it's weak.

I chose to open a long near 0.20275. At that time, I didn't overthink it. I just saw that the resistance above was becoming obvious. The more eager the buyers chasing longs, the more likely the market would reverse.

Now the price has hit 0.16914, and the floating profit is already +800.21%.

This rhythm has paid off quite nicely. It wasn't based on guesswork; it was from seeing on the trading screen that buying pressure couldn't keep up and shorts started taking over. Only then did I dare to hold this leg.

On the position side, I've already taken profit on 80%, and I'm holding the remaining 20% to see the extension.

I've also moved the stop loss down to prevent the profits from being eroded again.

To put it bluntly, what's most feared in this kind of situation is not a lack of opportunity, but stubbornly chasing when it's clearly weak.

If you missed it, don't chase. We'll see the next structure.

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