This latest sell-off, to be honest, is not surprising at all. $BILL looked strong as it surged higher earlier, but the details already showed signs of weakness.

What really made me come to a decision was the repeated high-volume move at a high level that still couldn’t push the price higher. The longer the price stayed above that area, the more likely it was to run into trouble. I had already taken note of this position. After entering a short near 0.07960, I didn’t move hastily; the focus was on whether the retracement could reclaim the momentum.

The outcome was straightforward. Now we’re at 0.03758, and the short position’s return is already at +1038.17%, with the price action clearly extending. Many people were still hesitant at the start, thinking it would surge again—but the order book didn’t give the bulls much time. After it met resistance, it just kept releasing in succession.

At this time, don’t get greedy and lose your judgment. Profits are already in. Those with heavier positions can take profit in batches, and use the protective level to hold the remaining portion. If you missed this leg, don’t chase—chasing when emotions are at their strongest makes it easy to get thrown off by a retracement. Wait for the next opportunity.

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