This empty-position finally paid off. The drop from the high on $BCH was one move where the order-book “feel” turned off. A lot of people were still waiting for a rebound to keep pushing higher; what I was watching at the time was the decline in trading volume after the pressure overhead. When price got to around 345.75, the short-side momentum was already more proactive than the long side.

The real key isn’t that you look bearish only after it falls—it’s that the rebound lacked strength and the upper wicks kept appearing, which suggests the handoff above has started to break. Now price is at 235.71, and the profit from this drop has already run out to +2258.26%. The market’s downside space has been released pretty decisively.

Brothers with positions: use an 80/20 approach to manage it in batches. Take most of the profits off first, then keep a smaller remaining position with a protection level to continue watching for extension. Don’t let the floating profit you’ve got get eaten back by one sudden spike.

If you didn’t catch it, don’t rush. After shorts have been realized, you especially can’t let emotions run wild. Don’t chase trades—wait for the next opportunity, and only move when you get a more comfortable level.

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