$ONDO ’s short-seller script this round has been executed very cleanly: first push higher to manufacture strength, then repeatedly grind it down, and finally cash directly to the downside. My entry price was 0.4096; the current price is already 0.328. The PnL shows +959.39%—this profit release has been satisfying enough.

What was most obvious at the time wasn’t how much it fell, but how it couldn’t rise. Every time price approached an upper key level, the chart would show a rapid pullback. The buy side looked lively, but in reality the bids were getting thinner and thinner. A lot of people were still waiting for a breakout—I, however, cared more about the sell-off space after a failure.

This is no longer normal range trading. The structure is clearly bearish, and the funding/flow rhythm is also being pushed downward. If current shorts are in profit, take back the initiative. Doing take-profit in batches with an 80/20 split feels comfortable: keep a small portion to continue watching the volatility room, and the protection/stop level must keep up—don’t let a good trade turn into a passive one.

That’s how trading is. Once you’ve eaten your own slice, that’s enough. If you didn’t get in, don’t rush, don’t chase shorts. Don’t chase orders on a rebound either—wait for the next opportunity.

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