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This short position has finally paid off, and the market's answer is very direct. When $MYX surged earlier, many were still watching for a breakout, but I was more concerned about the speed of the decline after the high pressure.
I opened short near 0.1975, not because I wanted to guess the top, but because the price tested the upper levels multiple times without holding, and once buying weakened, the structure clearly changed. What really caught my attention was that every time the price retraced, it couldn't lift off, and key levels were gradually being pushed down. Once this rhythm is confirmed, shorts tend to release easily.
Now the price has come to 0.0747, and this profit has reached +1223.26%, with the market space releasing quite decisively. For those with large positions, I would lean towards 80/20 batch processing, first locking in some profit, then using a protective stop to continue watching for extensions, without letting floating profits easily give back.
This move wasn't chased; it was about waiting for the market to reveal its weakness. If you missed it, don't rush. Chasing shorts now could easily get stopped out by a pullback. Wait patiently for the next more comfortable entry.
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