Many people were still shouting “a rebound” just now, but $NEAR turned around and got slammed down. Honestly, this is the kind of chart I like most—watching a face-turn after pressure. The more everyone thinks it can still pull up, the more you have to keep an eye on whether there’s a bagholder lined up to take it.

This short opened around 2.5382. At the time, what I was watching was the repeated failed attempts to probe higher—price stopped making new highs, and instead every time it bounced up, it got pushed back down. This isn’t just simple consolidation anymore; the structure is clearly weak. Now the current price is 1.9262, and the profit is already +1710.84%. The short has been settled and taken profit cleanly.

After the profits come out, the easiest mistake is thinking it can keep getting smashed all the way, and then throwing off the timing. On my side, I’m still scaling with an 80/20 approach: first take the bulk of the profit, and keep the remaining position with a protection level. If it can keep extending, continue to watch; if it can’t extend, don’t allow a large portion of the profit to give back.

There’s market action every day, but the best opportunities aren’t there every day. If you miss this move, don’t chase. Don’t chase the position, and don’t chase an impulsive sell-off. Wait until the next time a key level is clearer, then make your move.

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