This wave of sell-off is classic: first lure people into high positions, then suddenly slam down. The upward spike on $PIPPIN looked fierce at the time, but what I really focused on was the speed of the pullback after the spike — too fast, indicating that no one above was willing to keep buying.

Short orders were entered around 0.0210, and the price later slid all the way to 0.0169. Now +384.42% is already in hand. Many people panic when they see a wick, but I instead think that is the direction choice after liquidity is swept — that's the key point.

I had already noticed this level earlier; it repeatedly failed to push higher, indicating that bulls were being exhausted. Once the breakout happened, the bearish rhythm became smooth. After the price space is released, the worst thing is not making too little profit, but letting a single retracement disrupt your mindset even though you are already in profit.

Now I tend to take profits on most of the position first, leaving a small position with a stop-loss to observe. If it continues to press down, I'll keep watching; if it can't, I'll exit. For those who missed the move, don't chase, especially after a sharp drop. Wait for the next more comfortable entry — don't get the rhythm reversed.

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