This wave is a classic case of a high-level bull trap followed by a crash. $GENIUS initially surged aggressively, but the more it does, the less you should just look at the surface.

I noticed this level earlier. Around 0.6670, it seemed to have some momentum, but the buying support above was clearly thinning. Several attempts to break higher failed to penetrate the structure. Many people chase the rally impulsively, but I focus on the speed of the pullback — that's the key. The decline was sharper than the rise, indicating that the bulls are already loosening.

Now the price is back at 0.3503. Short position profit +937.55%, and the volatility range has opened up nicely. The biggest risk with such a trade is letting emotions take over after profit, so I won't put all gains into a single downside attempt.

For now, the approach is simple: take profit on most of the position, set a stop-loss on the remaining, and see if it can continue to release. A rebound is fine, but it must not reclaim the key resistance. If you're not in, don't chase the low. Market opportunities are always there — wait for a more comfortable entry.

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