This pullback just now could be considered a one-time release of the short positions’ trapped space that had been building up earlier.

I opened this short trade around 0.12880. There were swings along the way, but the strength of the rebounds was always insufficient. Now the $BEL price is at 0.10564, with a return of +178.72%. This leg has been realized fairly completely. What really made me hold on is that every time it surged from the high level, it was quickly pushed back down—showing that the sell pressure above hasn’t finished yet.

Many people get shaken out mid-way by small rebounds, or they decide to chase only after a sharp drop. The hardest part of trading is being dragged around by the rhythm. Plainly put, this isn’t about who’s shouting the loudest—it’s about levels and execution.

After the profit is in, I won’t get greedy to the very end. I’ll lock in part of it with an 80/20, and set protective orders for the remainder to let the market give the answer. If you missed it, don’t rush—don’t chase a position, and don’t chase either longs or shorts at the worst possible spot. Wait for the next opportunity.

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