This sudden sell-off just now, honestly, isn’t surprising at all. When $NIL surged higher before, it looked very strong, but the details already showed cracks.

What really made me commit to my call was that at the high level it kept increasing volume repeatedly but still couldn’t push through. The longer the price stayed above that area, the more trouble it would be prone to. I already paid attention to this spot earlier. After opening a short position near 0.07011, I didn’t rush to act; the key was to see whether the pullback could reclaim momentum.

The outcome was straightforward. Now it’s at 0.03577, and the short position’s profit rate has already reached +2358.78%, with the move clearly extending. Many people were still hesitant at the beginning, thinking it might surge again. But the market didn’t give the bulls much time—once it came under pressure, it turned into continuous release.

At this point, don’t get greedy and lose your judgment. Profit is already there. For accounts with heavier positions, take profit in batches; for the remaining part, use a protective level to hold. If you missed this leg, don’t chase—chasing when sentiment is at its heaviest makes it easy to get thrown off by a pullback. Wait for the next opportunity.

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