Before this leg of the drop played out, I already felt that the bulls of $IO weren’t quite right. The price spent a long time grinding at the high level—on the surface it looked steady, but in reality every rebound got pushed back down. The short position was entered at 0.16207; now the current price is 0.16069, and the profit is up to +55.16%. The room in the market was released very directly.

The most counterintuitive part at the time was that everyone thought there might be another push higher, but the chart gave me a completely opposite impression. It didn’t accelerate at the highs, yet the key levels slowly shifted downward. Once this structure breaks, it usually won’t be gentle.

I didn’t aim to squeeze out the full move. After taking profit, I scaled out in batches—disposed of 80% first, and kept the remaining 20% with a protective level to see if the move continues. Trading contracts isn’t about who shouts the hardest; it’s about who can protect their profits when it comes time to realize them.

Now that the price has already moved for a while, don’t start recklessly averaging in just because you see others making money. If you haven’t entered, don’t rush—don’t chase the trade. Wait for the next time key levels are confirmed and the entry position is more comfortable before considering it.

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