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The most disgusting part during the trading session is when $MYX is clearly already weakening, yet someone still deliberately pushes it up by a bit. I held the short from around 0.1005 to now 0.0704, and the profit shows +589.71%, but that move in the middle really tests your mindset.
A lot of people lose money shorting—not because they misread the direction, but because the snapback scares them into getting out. Especially after being under heavy pressure at the high end, then another sudden surge comes in—it's easy for people to think a reversal is coming. In the end, they stop out, and the price keeps getting hammered lower.
This time, the key thing I’m watching is whether anyone continues to step in. If they can’t pick it up, then the snapback is only giving the shorts even stronger confirmation.
Now that the profit has already played out, my own handling is simple: take some off first, and let the market speak for the rest. Don’t forget that in a decline, you can still get washed out suddenly—just because one trade went your way.
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