This round is the realization after a high-level ambush. $KGEN didn’t give much time to hesitate. Only after it falls will you realize that those earlier pumps were actually draining the ones chasing longs.

My short position is opened around 0.20275. It wasn’t busy when I entered—many people even thought it would keep surging. But something is already off here: when the price pushes up, nobody takes it, while the pullback becomes smoother and smoother. The key is in this detail. Now the price is at 0.17026, and the pace has completely shifted from testing to releasing.

I’ve already reached a paper profit of +763.63%. This is where your mindset is most tested. Since the profit is already on the books, I’ll first lock in part of it using an 80/20 approach. For the remaining position, I’ll follow with the protected position level. If it can extend, I’ll keep watching; if it can’t extend, I won’t allow the profitable position to pull back significantly.

Making money on shorts depends on waiting in advance—not getting excited after the drop. If you didn’t get in, don’t rush to add more. Don’t chase the order, and don’t chase the short either. Wait for the next opportunity to be steadier.

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