After this $PIPPIN drop, the market feel has clearly changed. Earlier, some people thought the sideways consolidation at the highs was building momentum, but I became even more cautious the more I watched—because the rally had no volume, the pullback was strong, and after the push higher, no one stepped in to take over at that level. The window for the shorts has actually already opened.

I entered this short at 0.0197. Now the price is at 0.0171, and the profit is already +249.87%. What truly made me pay attention at the time was the rebound after the breakdown: the strength was very weak, and it couldn’t even reach the key area. This indicates that the bulls are starting to lose control of the initiative, and the logic for holding the short has been validated by the market.

The profit here isn’t small, but the more it’s like this, the less you can get carried away. My pace is still the 80/20 method for handling positions in batches: first protect the bulk of the profit, then let the remaining position follow with a protective stop. The fact that market room is being released doesn’t mean you can blindly keep holding. The most expensive lesson in futures is that even when you’re winning, you still have to take profit.

No need to rush if you missed it, and don’t chase the short. Wait for the PIPPIN rebound to see how it handles resistance, and then wait for the next time at a more comfortable entry.

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