The high level I was watching has finally given the answer. The drop in $PIPPIN didn't come out of nowhere. When it repeatedly failed to break higher earlier, the structure had already clearly changed. Many people only saw that the price was still holding, but in fact the market was already losing momentum.

I shorted around 0.0210, and now the price has moved to 0.017, with a gain of +375.04%. The key part of this segment isn't how much it dropped, but that each pullback was getting weaker. This shows insufficient buying pressure above, giving the confidence to hold the short positions.

At that time, I was watching the reaction around key levels. The price surged but didn't sustain, instead quickly pulling back. Such levels are the most painful for those chasing longs. Now that profits have been realized, those with large positions can consider taking partial profits in an 80/20 split — exit most of the position first, and keep the remaining with a stop-loss to observe whether the trend extension is obvious.

Don't get impulsive just because you see a drop. If you missed it, don't chase. The market has volatility every day. Wait for the next opportunity with a higher certainty.

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