The high level I was watching finally gave the answer. This round of selloff in $FIL wasn’t sudden—back when it repeatedly failed to break higher above, the structure had already clearly changed. Many people at the time only saw the price holding up, but the order book had already started losing strength.

I shorted around 1.0505. Now the price has moved to 0.7755, and my profit is +1262.05%. The most critical point in this move isn’t how much it dropped, but that every pullback rebound has been getting weaker and weaker, showing there isn’t enough follow-through up top—only then do short positions have the confidence to keep holding.

What I was watching back then was the trading reaction near key levels. When the price surged up, it didn’t continue— instead it fell back quickly. This kind of spot is where chasing longs is most likely to feel uncomfortable. Now that the profit has been realized, traders with larger positions can consider taking profit in batches with an 80/20 split: let the main position be booked first, and keep the remaining position with protective levels to watch whether the move extends clearly.

Don’t get impulsive just because you see the price falling. If you miss it, don’t chase. The market moves every day—wait for the next position with stronger certainty.

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