This short position finally got filled and paid off. The moment $IDOL got pushed down from the high level was given very directly on the order book. A lot of people at the time were still watching for a rebound, thinking it could keep topping out, but what I really focused on was the speed of the pullback after it met resistance overhead—by then, it was already off.

My short entry was based on 0.024361. The current price is already at 0.015917, and the unrealized profit shows +678.28%. This move wasn’t about guessing. After repeated attempts to break higher from the high level failed, the active buy pressure started to weaken, and the fall down was actually smoother.

The key is right here: after it broke down, it didn’t quickly reclaim. That indicates the short-term tempo has already been taken over by the bears. Brothers with larger positions—your profits are showing pretty clearly. You can first take care of most of it. For the remaining smaller position, keep a protection level and continue to watch for further extension, so you don’t let the profit you’ve got get eaten back by a rebound.

If you didn’t get in, don’t be in a hurry either. The market after a drop is most afraid of emotional chasing. Don’t chase the rebound—wait for the next, more comfortable level to make a move.

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