A lot of people just got tricked by a fake rebound. Instead, I used that moment to confirm the short opportunity. $PEPE couldn’t push higher— the price gave a short entry window around 0.000002795, and then it was directly pushed down to 0.000002665. Current profit is +335.1%. The amount of room for this wave of volatility has been clearly opened up.

What really caught my attention is that the chart wasn’t without rebounds—it just didn’t have any quality. It looks lively, but every time it goes up, it gets smashed back down. That indicates someone is continuously distributing at the top. The more urgent the people chasing longs get, the easier it is for shorts to play.

The biggest fear in this kind of market is getting carried away by surface-level fluctuations. In plain terms, the rhythm has changed. Previously, the long side could still hold up, but once a key level breaks, panic selling starts to come out. After I take the profits, I’ll lean toward taking profit in batches with an 80/20 split, and I’ll hang the remaining position at the protective level, not giving the rebound too much room.

If you didn’t participate, don’t be upset. Don’t chase longs, don’t chase shorts—wait for a more comfortable position. Opportunities will come again.

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