This pullback today is aimed right at the mentality of chasing longs at the high end. When $IO surged earlier, the buzz around it was strong, but when I looked at the chart, my first reaction wasn’t excitement—it was that the rally here started to turn dull, and the structure clearly changed.

After opening a short near 0.16207, the most critical thing is that the price didn’t quickly rebound; instead, every time it bounced back, it was pushed down again. Many people are still waiting for a retrace back up, but the market is step by step pressing out the key levels—this is the real feedback after the trend weakens.

Now the current price is 0.15981, and the profit already shows +98.94%. The room in the market has been released very clearly. When your short is in profit, be even more calm—don’t give back the advantage you’ve already secured to the market.

I’ll do it with an 80/20 split and staggered entries: first take profit on part of it, and keep the rest with a protection level while continuing to watch. If it stays weak, let the profits run; if the bounce is strong, don’t linger there. Don’t force a chase at low levels just because you missed it—wait for the next spot with clearer certainty.

$BTC $ETH