This short position has finally paid off. When $ENA came crashing down from the high, many were still hesitating. From my perspective, this was a continuation after resistance was established.

The entry reference was at 0.10734, not because I was betting on a direction, but because the price had failed to break above multiple times, volume was weakening, and the structure had clearly shifted. Now the price has come down to 0.07543, and the short position shows an unrealized gain of +1431.63%. The move released quite cleanly.

What kept me in the trade was the lack of rebound strength — every time it bounced, it was pushed back down. The biggest risk in this kind of market is emotionally chasing longs. For those with heavy positions, a 80/20 phased approach is more comfortable — take profits on the bulk first, then hold the remaining small lot with a protective stop to ride the extension.

If you missed the entry, don't rush. Don't chase once you've missed it; wait for the next opportunity.

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