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The most tormenting short position isn’t the straight plunge down—it’s the choppy back-and-forth action in the high range, like it could wash you out at any moment. This time, $SIREN is exactly that kind of market: the opening price was 0.04002, and the several rebounds in the middle were pretty scary.
What I care about more is whether, during its rebounds, someone truly received the shorts. By the time I watched it more closely, I realized it was just feinting—price slowly got pushed down to 0.02608, and only then did the short trade’s outcome finally show up. Now the return rate is +852.32%. Honestly, this profit isn’t something you just pick up for free.
For those who held on earlier, don’t suddenly get carried away here. Downside profits make people think it can keep dumping for a while, but if you’ve been in crypto long enough, you know that the pullbacks can be just as brutal.
My handling is simple: take a bit of profit when you should, and keep the rest with a good protective level. Don’t spit back the profit you’ve already made first—getting the last bite of profit matters more.
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