This short trade feels very comfortable. The back-and-forth at the high zone of $VELVET was actually testing patience. Many people wanted to chase when they saw a rebound, but I was instead looking at whether it could hold after the rebound. The result is obvious—if it can't hold, the rhythm has changed.

Entry price 1.66025, current price 0.38604, current profit +761.2%. From opening position to now, the most critical thing is not how much it dropped, but that every pullback lacks strength, the price center of gravity continues to move down, and the short logic is being realized step by step.

This kind of market is most likely to make people emotional. They think opportunity comes only when it drops, and fear missing out when it rises. Trading cannot be done this way; I prefer to wait for the structure to give answers. Now the profit is considerable. Take profit in batches with 80/20 split, set a stop-loss for the remaining position, and follow along if it continues.

Those who haven't entered should not blindly chase after a sell-off, or you'll get taught a lesson by a rebound. Don't chase. Wait for the next opportunity, wait for a more comfortable position to make a judgment.

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