This wave is basically the main playbook finished: first push higher to make people believe there’s still room to surge, then slowly grind through the follow-through, and finally the short positions start to realize.

$INJ — I was watching the high-side rejection around 5.542. The most obvious issue on the tape at the time was that the rebound was getting weaker and weaker; the bids looked busy, but the relay simply couldn’t keep up. A lot of people saw the upper wick and thought it was just a shakeout—turns out price was directly pushed down to 4.995. Now the short position profit is +475.32%, and the price action extension is clear.

The key here is this: the real weakening isn’t just a single bearish candle—it’s that every rebound can’t get back. In plain terms, the rhythm changed. After the main players grind down the longs’ confidence, only then will the space below open up.

I handled this trade with an 80/20 approach: most of it take profit first, and the remainder is left to run with the trend, with the protective level moved down along the way. For brothers with heavy positions, don’t get too carried away—profit has already been taken; just hold it.

If you missed it, don’t rush. Don’t chase shorts—wait for the next opportunity.

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