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Many people were just calling for a rebound, but $FF directly dumped. This round of short positions was neatly executed. My entry was at 0.10466, and now it's at 0.05892, with current profit +2104.66%. The trend extension is obvious.
I had already noticed this level earlier. The key is not to turn bearish after the drop, but rather the high-level sideways movement that never breaks upward. That kind of price action is most likely to numb people into thinking it's still accumulating strength, when in fact capital has already started to withdraw. The rebound only provides a better short entry.
At first there was indeed divergence, with many hesitating and not daring to act. But what I was watching was the overhead resistance and the retracement strength. Once the price broke below a key level, the rhythm changed. Simply put, the bulls couldn't hold, and the bears began to take over.
Now that profits have been realized, I will take partial profits in an 80/20 split and set a stop-loss protection for the remaining position. Those who missed the move don't need to chase shorts, nor chase entries. Wait for the next opportunity to appear.
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