This drop in $IO looks very much like a big-player play: first lure people upward, then press it down from a high level in one go.

My short position was opened at 0.16207. Now the price is at 0.15213, with a return of +436.05%. Back then, what I was watching wasn’t that high-passing bullish candle, but whether buyers would continue to “relay” after the spike. As it turned out, when the sell orders above were pulled, the price was immediately dumped back down, indicating that the long-side relay broke.

A lot of people haven’t reacted yet. They think the pullback can still be picked up, but after key levels were tested continuously, they were taken out directly. Things here are already off—its structure has clearly shifted from ranging to downward release. Only holding the short position can produce this outcome.

The market has released decent downside room so far, but when you’re making money, you still need to stay calm. My approach is 80/20 to handle it in batches first: protect the profits already in hand, put the remaining position behind a protective level, and then see whether there’s further acceleration below.

Don’t get tricked into buying on one rebound in this kind of market. If you didn’t catch it, don’t chase—wait for the next spot with stronger certainty.

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