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Sometimes making money on shorts doesn't depend on how accurate you are at predicting ups and downs, but on daring to remain skeptical amid the noise. That's how it was with $SIREN this time — when everyone was still shouting bullish at the highs, what I saw was that SIREN was struggling to keep moving up.
I don't short immediately on a dip; I mainly watch the repeated tests around 0.04002. Those few upward spikes failed to sustain, while the pullbacks became more decisive, indicating that the buying pressure at higher levels was weakening. Many overlook this detail, only thinking that as long as it hasn't broken down deeply, there's still a chance.
The market validated this fairly quickly, from 0.04002 to 0.02775, opening up space for shorts, with a return of +749.99%. There were retracements along the way, but I did only one thing: protect the gains already secured, not letting pullbacks disrupt the rhythm.
This experience reminded me of the old saying: the easiest time to lose money is often when everyone thinks the trend is set. Now, I won't chase the downside or stubbornly hold; I'll wait for a more comfortable entry next time.
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