With $BAS taking this step down, the overall market feel has completely changed. The short position has moved from 0.028373 to 0.026483; currently +132.54%. This isn’t a simple pullback—it’s a concentrated release after heavy pressure at the highs. The volatility that had been building up finally got worked off.

At the time, what I was watching was the ability to hold after the dead-cat bounce. The price tried to push higher a few times, but each time it was pushed back down, showing that the sell pressure above hadn’t gone away. Many people only focus on short-term spikes and ignore that the structure is weakening—by the time it truly breaks down, there’s no real reason to hesitate anymore.

The biggest fear in this kind of market is making money while being reluctant to manage the position; in the end, the bounce eats the gains back. Now that the short profits are substantial, you can take profits in batches like 80/20: take profit on the core position, and keep the remaining position with a solid protective level. Give the price action a bit of room to extend, but don’t let the profits turn into something vulnerable at key levels.

To put it plainly: when you’re making money, you need to stay clear-headed. If you haven’t entered, don’t chase just because it looks bearish now. If the position feels uncomfortable, let it go. Don’t chase—wait for the next opportunity, and the market will set the pace again.

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