That aggressive sell-off a few days ago wasn’t an accident. When $ASTEROID was grinding at a high level repeatedly, I could already tell something was off.

A lot of people see range-bound consolidation and assume it will keep pushing up, but what really caught my attention was that the momentum kept getting weaker and weaker. Every time the price was pushed upward, it got smashed back down. This kind of structure can easily turn into a long-exit/longs-cashing-out zone. Before the signal even came out, I’d already observed the changes. After entering a short around 0.0001670, the rest was just waiting for the market to give its own answer.

Now 0.0000594 has already been reached, and the short position is floating in profit by +1268.64%. The extension is obvious. To put it simply, at this kind of level it’s not about who’s calling the loudest—it’s about whether the capital is willing to keep stepping in. If nobody is taking bids at the highs, then letting price release to the downside is completely normal.

I don’t plan to take all of this in one go and hold it to the end. The 80/20 strategy—handling it in batches—is better suited to the current pace: first, protect the profits that have already been secured; then, set proper protection levels for the remaining position, and see whether it can continue to be pressured lower.

If you missed it, don’t force the chase. Don’t chase the trade—just be patient and wait for the next pullback to a more comfortable position.

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