That sudden quick drop just now made a lot of people panic at first, but I felt like the script played out smoothly instead. The long upper wick on $ESPORTS right before was too obvious—it looked like it was pulling in the last batch of momentum chasers, and then the follow-through didn’t keep up, which created an opportunity for the shorts to come out.

I entered this around 0.04289. What really caught my attention was that after the sweep, there wasn’t continued heavy volume—price instead kept being pushed down layer by layer. Now the current price is 0.01613, and the short position’s profit shows +1228.03%. This is the room that gets released after the high-level washout.

The hardest part in trading isn’t opening the position—it’s being able to still read the structure clearly when everyone is shouting “reversal.” It’s already obviously changed here: what should be continued in a strong trend can’t, and the retracement is only giving a better spot for shorts.

Now don’t be greedy. Those with heavier positions should take profits in batches first. The 80/20 approach feels more comfortable; the remaining portion should follow along using protective levels. If you didn’t get in, don’t force the chase—when it drops further it’s easier to get impulsive. Don’t chase the trade; wait for the next time the signal is confirmed.

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