This short position finally worked. $SLX had been grinding from the highs for half a day, and many people were still fantasizing about another leg up. What I was watching wasn’t the rise, but the speed of the pullback once resistance overhead started to hold.

What really made me take action was the failure to extend upward after the spike—volume couldn’t keep up, and the price around 0.21605 kept giving opportunities to get involved. This already felt wrong. After it breaks through a key level, the tempo shifts from a pump into a release, and the shorts begin pushing proactively.

Now the price is at 0.12239, and my unrealized profit on the position is already +854.03%. This move isn’t luck—it’s the realization of the trend after consolidation and resistance at the highs. For those of us with heavier positions, I’m more inclined to handle it first with an 80/20 approach: take most of the profits off the table, and keep the remaining smaller position with a protective level to see whether it can still extend.

Many people lose because, at the beginning of the decline, they don’t dare to believe it. Then once the drop truly starts, they begin chasing again. If you didn’t get in, don’t rush—don’t chase trades at this level; wait for the next opportunity.

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