This empty long order finally got executed. The drop from the high point in $ENA was so clean—what the chart showed was straightforward. A lot of people were still waiting for a rebound to keep pushing higher, but at the time I wasn’t focused on whether it would go up; I was watching to see whether, after pressure overhead, it would continue to fail on increased volume.

My short position was at 0.10734. Now the price has already come to 0.0844, and my current profit is at +1030.99%. Put simply, this move wasn’t about chasing the downside to trade it. I saw that the market repeatedly tried and couldn’t top out overhead, the structure clearly changed, and that’s when I dared to hold onto the short thesis.

What really confirmed it was that weak rebound: the price printed an upper wick but didn’t get follow-through. Short-term capital started to pull out, and once it broke down later, it just played out. Many people were still hesitating at the time, thinking it was only washing. But the key is right here— the more it looks like it’s going to rally, the more likely it is to trap the people who chase longs at the high.

Now that the profit has been released, traders with heavier positions can consider handling it in batches with an 80/20 split: lock in part first, and keep the rest with a solid protection level while watching for further extension. If you didn’t get in, don’t rush— the downside space created isn’t there to chase. Wait for the next more comfortable entry.

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