$APE this short trade—today it finally delivered an explanation.



Entered at 0.14746, and now at 0.13667; the profit has already run up to +522.08%. There wasn’t much fancy going on in between—just pressing through the weakness all the way down.

Back then, opening the short wasn’t because I saw the price drop and rushed in.

In fact, I had already noticed this level earlier: the price couldn’t break higher, and the order book kept giving people a false sense of strength.

Most people were still waiting for a breakout, but I felt the longer it stayed sideways here, the more dangerous it became.

Once it finally broke, the rhythm just fell into place.

The most comfortable part of this kind of decline is that you don’t have to keep guessing back and forth. As long as it rebounds and doesn’t get back up, the short position still has the initiative.

Now I’ve already taken profit on 80%.

The remaining 20% will continue to be observed. Put the protection level at a comfortable spot, so the profit won’t be taken away by a pullback.

Don’t chase after shorting this moment.

What you’ve already eaten is already yours. If you missed the entry, wait for the next weak rebound opportunity—don’t let a single bearish candle set your pace.

$BTC $ETH
APE-4.19%
BTC-0.20%
ETH-0.56%
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