This short position finally paid off. The drop from the highs after $PIPPIN fell—what the chart showed was very straightforward. A lot of people at the time were still watching for a bounce back, but I wasn’t focused on whether it would rise; I was watching the overhead support already start to look weak.

After opening the short around 0.0210, what truly made me confirm it was that each rebound was weaker than the last. It couldn’t push back up and still sold off with increasing volume—this means the bulls there were already unable to hold on. Now the price is at 0.0172, and this short is already up +346.91% in unrealized profit; the trading range has been released pretty decisively.

Here, I won’t get greedy to the very end. The 80/20 approach is more comfortable: take part of the profit first, and keep the rest with protection in place while watching for further extension. The biggest risk with futures is getting overexcited after you start making money. You clearly had the rhythm, yet still got slapped back by a single rebound.

If you can hold this trade, the core isn’t guessing the direction—it’s that after price comes under pressure at the highs, you don’t start chasing longs. If you didn’t enter, don’t force it. Chasing a short from here also doesn’t feel good; wait for the next rebound to give you a more comfortable entry before moving.

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