Just looked at $PEPE, the profit from this short position has been realized.

It's not that I say it's weak only after the drop; there were already issues during the earlier rally. The price looked strong, but in reality, every upward move lacked follow-through.

My judgment at the time was straightforward:

The bulls here are starting to lose their grip.

Opened short from 0.000003774 to now 0.000002754, with a return of +1917.71%. The rhythm of this decline was quite clean.

What's most interesting is that the weaker the market looks, the more people outside are still waiting for a rebound.

At times like this, you can't be led by the noise. On the spot, just look at whether the price continues to confirm; if it confirms, follow the trend and hold.

The position has been taken care of.

Take profit on 80% of the short position first, leaving the remaining 20% for trend extension. Set a tighter stop-loss to prevent a sudden rebound from eating into profits.

Chasing shorts now is not cost-effective.

If you haven't entered yet, don't rush. Wait for the next failed rebound.

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