This short position feels pretty good, but the process wasn’t easy. $SLX opened at 0.24784, and the price has now come to 0.20317—my account profit is up to +355.28%. The occasional pullback bounces in the middle were pretty grinding; it almost made me question my judgment. The key point is that the pressure at the high was just too obvious. Price couldn’t push up further, and the pullback instead was oddly smooth. People in the market were still imagining it could keep stretching upward, but I felt it was actually more dangerous. The price action has started to go against what most people expected—so after that, I only focused on locking in gains.

Once the short went into profit, I took 80% profit first, then kept 80% holding on to see whether the move would extend further. My protection level has already been moved down, so it doesn’t give a lot of room for a big retracement. The biggest thing to fear in trading isn’t missing out—it’s making money and still being unwilling to close. This down move has already played out for a while. Don’t rush in just because you’re seeing +355.28%—wait for the next counter-trend bounce to lose strength, and then check whether there’s a fresh short setup. $BTC $ETH