This short position has held until now. The best part isn’t the profit—it’s that the market action has validated the judgment.

When $XLM was consolidating in a range at the highs, many people only watched for whether a new high would be made. I, however, watched how fast the price pulled back after each push higher. As long as the price couldn’t break upward and kept getting pressed back again and again, this area can’t be treated as a strong market anymore.

At the time, I was focusing on the rejection near 0.20037. After entering the short, the order book never gave a strong snapback; instead, it kept getting pushed lower. Now the price is at 0.19316, and the current profit is +256.03%. The extension in the move is clear—this realized outcome is the result of the structure turning weaker.

The hardest thing in trading is getting the direction right but having it thrown off by emotions. People who hesitated earlier often only get excited after the drop—but by then, the cost-effectiveness has already deteriorated.

On my side, I’ll first take profits in batches. I’ll keep only a small portion of the position with a protective stop to continue watching, so the profits aren’t all exposed to a retracement. If you haven’t entered, don’t rush—don’t chase shorts. Wait for a more comfortable position before making a move.

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