This short position feels relatively comfortable. After $APE was pressured down from the high, the pace has never gone out of sync. At first it looked like the movement wasn’t that volatile, but what I truly focused on was the quality of the rebound—several attempts to push higher failed to hold, which indicates that the area above has started to loosen already.

The short entry is at 0.14746, and the current price is at 0.14609, with profit reaching +65.92%. The most valuable part of this leg is that you could see signs of the bulls exhausting themselves before the breakdown—rather than waiting until a big bearish candle appears and only realizing it after the fact when you chase in.

Back then, many people were still waiting for the pullback to continue higher, even thinking that the pullback was just normal shakeout. But what I saw was that every time price rallied, it was pressed down, and the key level was slowly drifting lower. This area is crucial—once the structure shifts from ranging into weakness, the subsequent drop is more likely to unfold with continuity.

Now that the profit has already been realized, there’s no need to push the timing too aggressively. For those with larger positions, you can handle it in batches using an 80/20 split: first take back the initiative, and then keep the remainder with a protective level to watch how much room opens up as volatility expands. If you miss this wave, don’t rush—don’t hard-chase shorts at low levels; wait for the next time a better, more certain position presents itself before acting.

$BTC $ETH