This short position finally pays out—what the chart is giving is very straightforward. When $PIPPIN first surged higher, many people were still chasing it. Back then, I wasn’t focused on how violently it was pumping; I was watching how it kept facing consecutive resistance overhead, and then the buy-side started to fall behind.

After opening the short around 0.0197, what truly confirmed it for me was that each subsequent bounce-back was weaker than the last—price didn’t keep expanding upward. Instead, it began to drop. Now it’s at 0.0164, and the unrealized profit is already +319.83%. The market’s upside space has been released very decisively.

Plain and simple: at this kind of spot, it’s not about who shouts the loudest—it’s about who can spot something off while high-level sentiment is at its hottest. Many people wait until the level breaks before reacting, and by then the timing is already half a beat late.

I’ll handle it with an 80/20 approach: lock in a portion of the profits first, and keep the rest with a protective level to see how far it extends. Don’t get carried away when shorts are in profit; and don’t get greedy and lose control if it drops. If you didn’t get in, don’t force a chase—wait for the next pullback to a more comfortable position.

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