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That level I was watching earlier finally gave an answer today. $SKYAI has been grinding at the upper end over and over—many people think it can keep pushing higher, but what I’m seeing is that each time it pumps, it gets weaker and weaker. The price can’t hold its ground, and instead it provides a more comfortable entry rhythm for shorts.
This trade: I opened the short at 0.21690, and it’s already been driven down to 0.03906, with a profit of +2010.13%. To put it plainly, the rhythm has changed. Earlier, the longs could still hard-push with momentum and sentiment, but once the follow-through breaks and can’t be taken over, the room for downside starts to open up.
Back then, the real key was the retest after the breakdown. It didn’t manage to reclaim and get back above it. With a move like this, I generally wouldn’t hesitate for too long. Now the profit is already pretty substantial. If you have a larger position, you can handle about 80% first; the remaining 20% can be managed by using protective levels to follow along. If it can keep moving, continue watching it—if it can’t, don’t get greedy.
The market won’t give you only one chance. If you missed it, don’t chase the short, and don’t lose your head. Don’t chase trades—wait for a more comfortable level.
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