Finally, this short position got filled. That top move in $PLAY was under pressure—this wasn’t a normal pullback, but a continuous release after the buy orders couldn’t hold.

At the time, I wasn’t watching just a single bearish candle. It was that after PLAY pushed up, it kept failing to stabilize. The price fell from 0.03633 to 0.03339, and several rebounds in between didn’t repair the structure back. Something was already off. A lot of people were still waiting for it to rally back up—turns out the longer they waited, the weaker it got, and the shorts instead took control of the pace.

Now my unrealized profit is at +80.26%, and the market’s upside/downside room has been released pretty decisively. My handling is still on the conservative side: first lock in most of the profits, and keep the remaining small position with a protective level in case it extends, so the gains don’t get eaten back by a rebound.

The biggest fear at this kind of spot is getting carried away after you make money—and you still have to defend the profits that come out of the drop. If you didn’t enter around 0.03633, don’t rush. Don’t chase unit shorts—wait for the next opportunity, and move only when it’s at a more comfortable level.

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