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A few days ago, the $ESPORTS dump was pretty decisive. While it was still grinding in a high range beforehand, the short was already starting to pay out. From the entry price of 0.02772 to the current price of 0.0144, the return rate is +946.13%—this drop’s response was straightforward.
The hard part isn’t the direction, but the pullback in the middle. The moment the chart bounces, many people start to doubt whether they’re about to be shaken out. I even had the thought of bailing early at the time, but the pressure at the high level didn’t change, so I kept watching and stayed with it.
Now, in how I handle it, I won’t get swept up. I used an 80/20 approach with staggered entries: first, I took some of the results and locked them in, and for the rest I kept a protective level in place. The biggest fear with a short is greed—making sure you don’t take the last bite. Once the profit has walked out, having the upper hand matters more than just watching a little longer.
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