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This short position finally paid off. When $BSB dropped from the highs, the chart was very straightforward.
I started watching around 0.56315. What really caught my attention was not how much it had fallen, but that the bounces were getting weaker — every time it tried to push higher, it got slapped back down. Many were still waiting for it to retrace up, but something was off. Buying couldn't hold, and the short-side rhythm started taking over.
Now the price is at 0.14001, floating profit has reached +1478.02%, and the market move has been rather clean. Simply put, at this level it's not about who shouts loudest, but whether capital is willing to push higher. If it can't push up, the only option is to go down and hunt for liquidity.
I'll handle this trade with an 80/20 split — cash out most first, keep a small position with a stop-loss for the potential continuation. After taking profit, the biggest danger is greed, especially during a downtrend when sudden bounces can happen. If you have a position, don't let profits erode too much. If you're not in, don't chase shorts — wait for a better entry next time.
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