This short position finally paid off. $KGEN dropped from the highs, moving more decisively than I expected.

At the time, I wasn't looking at a single red candle, but rather the repeated failure to break above 0.20275, with volume not keeping up and the price stubbornly holding. That was already a red flag. Many were still waiting for it to keep pumping, but I was more focused on the speed of the pullback after facing resistance above.

After entering the short, what really reassured me was that the breakdown was not immediately reversed, indicating active selling pressure emerged. Now the price has hit 0.17006, and this long position has already returned +776.46%, clearly showing the release of market space.

On my end, I'm handling it in batches of 80/20, taking some profits first while keeping the rest with a protective stop to watch for further extension. If you have a position, don't let profits slip away for nothing, especially since pullbacks after such sharp drops can easily shake people out.

If you haven't entered, don't rush. Don't chase the trade, and don't chase too aggressively. Wait for the next more comfortable entry point before acting.

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