This position feels comfortable—not because the market suddenly gave face, but because the main force’s rhythm before was too obvious. $PENGU kept pulling and tugging at the high level; it looked like it was going to continue pushing upward, but in reality every time it spiked higher, it was pushed back. The buy-side wasn’t decisive enough— the more it dragged on, the more it looked like distribution.

I wasn’t watching the surface level of up or down; what I was watching was PENGU’s reaction after it was around 0.008192. What really caught my attention was that several times the price tried to hold above failed—indicating that the sell-side supply above was loosening, while the follow-through couldn’t keep up. Once you lose that level, the shorts can easily take over the tempo.

Now at 0.006172, the short position is already showing +1753.1% profit, and the market’s upside/downside room has been released relatively smoothly. Don’t get too excited though—after taking profit, stay calm. Use an 80/20 approach to handle it in batches, and keep the remaining position with a protection level to prevent a sudden rebound from swallowing the gains.

If you didn’t get on board, don’t force a chase—don’t pursue it. Wait for the next position that’s even more comfortable.

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