This short position finally paid off. $MYX slid down from the highs, and the pace was very decisive.

This time, I wasn’t watching a single bearish candle—I was watching the pressure after price repeatedly surged higher and couldn’t move further. I went short around 0.1975; at the time, many people were still waiting for it to keep pumping, but I felt something was already off: the buy-side couldn’t keep up, and once the rebound weakened, it was easy to get hammered down.

Now the price is at 0.0737, and the unrealized profit on the position is +1235.22%. This move wasn’t about guessing— the high-level structure gave the answer. What really caught my attention was that every time it bounced back, it failed to regain the strong zone, which shows that control was no longer in the hands of the bulls.

For those with larger positions, it’s more comfortable to handle it in 80/20 batches: lock in part of the main profits first, and keep the remaining smaller position with a protective level to watch for extension. Profits have already been released—don’t let a pullback derail your mindset.

If you haven’t boarded yet, don’t rush. The biggest risk at this kind of level is chasing a short at the emotional end. Don’t chase entries; wait for the next opportunity, and act again when the position is more comfortable.

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