This round of liquidation was quite decisive. After $SUI swept through the high area, the real direction finally came out.

At first the market was still whipsawing and many people got thrown off by that sudden spike, thinking the bulls were about to take over again. But the key is this: after the rally, there was no volume follow-through; instead, price quickly fell back below the key level. This kind of counter-expectation move is something I generally won’t force myself to go long on.

I entered a short position around 1.0667. What I was waiting for was this breakdown confirmation. Now the price is at 0.7508, and the profit shows +1426.18%. The move has extended clearly—this leg down from the shorts was given very directly.

To be honest, the hardest part of trading perps isn’t judging the direction; it’s not getting scared off by intraday fake moves. After the profit comes in, I’ll first reduce part of the position. The rest will follow with a protective stop, so the momentum I’ve already locked in doesn’t get disrupted by a rebound.

If it stays weak afterward, I’ll look for continuation. If the bounce is too aggressive, I’ll close first. If you haven’t entered, don’t rush—don’t chase the trade. Wait for a more comfortable level.

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