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This drop is quite harsh, but not surprising at all. The state of $SNDK staying high and not moving earlier is most likely to be misjudged as accumulation, but in reality it's more like consuming the patience of those chasing longs.
Short position at 2095.20, now the price has reached 1596.73, +1147.45% profit taken. This is not about luck, but about cashing in on the trend after high-level support breaks down. Many people were fooled by the earlier pullback, but when the real drop came, they dared not be bearish.
The key is here: the pullback did not hold a re-test, but key positions are being constantly tested, and the structure has clearly changed. My rhythm is simple: respect profits first, handle in an 80/20 split, take part of the principal position first, and use a protection stop to see if the trend extension is obvious for the rest.
At this position, greed is the most dangerous. Wanting to eat the whole move after profiting, only to be washed out by a rebound. Those who haven't participated don't need to rush; don't chase entries, and don't chase into the most panicked declines; wait for a more comfortable position to act.
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