This $PEPE short position—basically, it’s clear they’ve handled the pressure at the top by the book. Entered from 0.000002795, and now at 0.00000273—profits have already reached +157.39%, and the market action isn’t slow. Back then, the most critical part wasn’t how much it dropped, but that it couldn’t climb back up. There’s resistance overhead, and no one’s willing to step in from below—so the price keeps grinding back and forth. A lot of people are still calling for a continued push higher, but I feel like things started to look off here. The price movement is going against what everyone expected. The more people wait for a breakout, the more easily it gets reversed and smashed down at key levels. With a market like this, I’d rather stand on the weak side.

Right now, the short has already been realized partially. Take profit at 80% to lock it in, and keep the remaining 20% watching for the move to extend further; move the protection stop up along the way so it doesn’t leave too much room for profit retracement. With profits like this, don’t get overly greedy. If there’s a pullback that gives you a new position, then reassess. If you missed it, don’t chase—chasing in will easily throw off your mindset. $BTC $ETH