Today’s $XLM short trade was a bit interesting. At the start, it didn’t look very exciting, but later it ended up giving the answer. A lot of people like to chase longs when the market is at its hottest—but honestly, I’m more afraid of that kind of spot at the top going suddenly quiet.

XLM pushed up too aggressively at first. When it still couldn’t stand firm in the key area for a while, I started watching for a short opportunity. I focused on the area around 0.18690. It wasn’t a random button-press—there I was looking to see whether the retest had no strength, and whether the trading activity wasn’t continuing to expand.

The real change happened after a fake breakout. The price didn’t hold, and then it was pushed down from 0.18690 to 0.18048. The short was confirmed in the account—what showed up was +243.73%. I wasn’t trying to take the full move; I just trailed the protection level lower and took whatever I could based on the timing.

This kind of market is easiest to misread—people think that once it drops, it can keep dropping. But actually, the more profitable it becomes, the slower you should go. Don’t chase the late part of the move, don’t bet on emotion, and wait until the next time a comfortable position is offered before you act.

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