Many people are still waiting for $PIPPIN to rebound to surprise them, but the order book directly gave bears the answer. This trade went in at 0.0197, and now it’s at 0.0163; with +329.83% already realized. The price action has extended clearly—what feels best isn’t how much profit, but that the rhythm is playing out exactly as expected.

What really got my attention back then was that after the push up, volume didn’t keep increasing. Instead, price stalled at the highs and consumed liquidity. The more it ground, the more it looked like distribution. When most people were hesitating, the order book had already started to weaken. Once it broke through the key level, the short thesis became very clear.

Now I don’t want to say too much. With the market here, first lock in most of the profits, and use the remaining small position to follow with a protective level. What short-sellers fear most is getting ahead of themselves—especially after consecutive sell-offs, a rebound can come at any moment. If you didn’t catch it, don’t rush to chase. Don’t chase rebounds; wait for a more comfortable level and then move.

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