I am not surprised at all by this recent sell-off. The previous situation where $AIXBT surged without continuation looked very much like a bull trap. On the surface, it seemed to be still rising, but the actual buying support was becoming weaker and weaker.

I had already noticed this level earlier. What actually triggered my action was the failed bounce around 0.03358. The price did not show any strength to continue upward, instead it gradually broke through key support levels one by one.

Now it has come to 0.01858, with the short position showing a profit of +1095.37%, and the price range has opened up comfortably. I won’t be greedy and try to catch the last tick here. Those with heavy positions can take profits in batches with an 80/20 split first, and let a trailing stop protect the remaining position. If the bounce strengthens again, close it in time and don’t fight the market.

This trade is riding the trend after resistance at the highs, not an emotional rush. Those who haven't entered should not chase shorts. Wait for the next confirmation signal, wait for a more comfortable entry.

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