This short is extremely comfortable—not chasing the drop, but being able to tell something was off the moment price faced pressure at the high. The faster $PIPPIN was pumped before, the less I wanted to chase longs, because the sell pressure above was too obvious.

The key is right here: once the price neared 0.0210, the bulls tried a few times to push further but failed—this time, the critical level started getting broken through. Many people are still waiting for a second pump, but what I see is that the rhythm has shifted from probing an upside break to an active pullback.

Now the current price is 0.0164. This short has gained +421.92%. After the room for volatility opened up, profit-taking can happen quickly. Here, I won’t give all the unrealized gains back to the market. I’ll handle it in batches using an 80/20 split: lock in most of the gains first, and use the remaining portion with protective levels to keep watching.

What’s most dangerous in trading isn’t missing out—it’s seeing the downside confirm and then letting emotions run hot and chasing in. If you didn’t catch it, don’t rush. Don’t chase the trade—wait for the next opportunity.

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