$SKL It’s dropped back again. I really don’t dare bottom-fishing on coins like this.

Today I also saw a lot of people discussing whether SKL can be bottomed.

My thoughts are very simple: I truly can’t bring myself to go long on a chart like this.

That earlier round of a rapid pump lifted market sentiment, and many people thought the second wave was about to start. But there was no follow-through at the highs—no one kept buying. The price then started grinding steadily lower, and now it’s back down to around 0.0047.

So for this trade, I chose to go short in line with the trend. I’ve already captured more than 4x gains.

A lot of traders have a habit: once it drops enough, they start thinking it’s time for a rebound.

But the market never goes up just because you think it’s cheap.

If there are no buyers stepping in, it can keep getting lower. Only when real money returns—whether the price is higher or not—there will be opportunities too.

Right now, I’d rather follow the trend than guess bottoms every day.

Recently, the overall altcoin market has been splitting hard, with some strong ones and others just drifting lower for days. For a coin that’s clearly weakening like this, I’d rather follow through and take short profits than risk giving back the money I made earlier just to grab a rebound.

In the end, you realize that making money isn’t about guessing tops or bottoms. It’s about being on the side where the capital flow is headed. As long as the trend hasn’t changed, I won’t easily change my direction.
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