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Finally, this short position has paid off. When $ENA was pressured from its high, the chart was no longer a simple pullback—the bulls simply couldn't hold it.
At that time, I was watching the rebound strength around 0.10734. The price tried to rise but couldn't sustain volume; instead, it started forming frequent upper shadows, indicating heavy selling pressure above. Many were still waiting for another push higher, but my judgment was that the rhythm had already shifted, so I took the short without hesitation.
Now 0.07551 has been reached, with +1428.04% in the bag, and the price space has been released quite cleanly. The key isn't the drop itself, but the fact that after the high-level resistance, price failed to recover quickly. Once that structure is confirmed, the short extension becomes much smoother.
For those holding positions, you can take partial profits using the 80/20 approach, and trail a stop on the rest to avoid letting profits erode too much. For those who missed it, don't force a chase—jumping in after such a drop often gets you washed out by a rebound. Wait for the next more favorable entry.
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