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This short position finally paid off. When $ESPORTS dropped sharply from the high, many were still hesitating whether to go long, but the chart had already given the answer.
I opened a short near 0.04289, focusing not on a single bearish candle, but on the weak rebound after continuous resistance above. What really caught my attention was that every time the price rallied, it was pushed back. The buying looked active, but the follow-through was actually very weak.
Now the price has come to 0.01905, and the floating profit has reached +1094.44%. This move released space very cleanly. Holding this short here is not about stubborn endurance, but about going with the flow after the rhythm changed earlier.
For those with large positions, splitting into 80/20 batches will make it easier. First lock in most of the profit, then keep a small position with a protective stop to continue watching for extensions. Don't get carried away by a single profitable trade – drawdowns can come quickly too.
For those who haven't entered yet, don't rush. The worst thing at a level like this is to chase at the tail. Don't chase; wait for the next opportunity, wait for a more comfortable entry point.
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