This wave of shorts has been driven down, and the market’s “feel” is very clear: it’s not a normal pullback—it’s that the high-level follow-through/support has failed.

$NIL had been ranging above for a long time. Many people thought it was building up momentum, but what I was watching was how fast price fell after each rebound. NIL started to weaken from around 0.07011. Instead of giving sustained upside moves, it kept pressing key levels lower—here, the structure has clearly changed.

Now we’re at 0.03474. This short trade is up +2428.84%, and the room for movement has opened faster than expected. Once you’ve taken profit, don’t get carried away. If your position is large, you can first do an 80/20 split: take the main profit first, and let the remaining smaller position continue with a protective stop. If it extends, take more; if the rebound breaks down the level, exit.

The biggest issue with most traders is that they get impulsive when they should stay calm, and they hesitate when they should be decisive. The market has already given you the answer, but after a sudden drop, don’t blindly chase shorts—you’ll easily end up following the short-term rhythm. If you didn’t catch it, don’t rush. Don’t chase trades. Wait for the next opportunity, and wait for a more comfortable entry.

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