This drop just basically punctured the illusion of stubbornly holding up at the prior high. When $MAV gave short opportunities around 0.01362, I wasn’t watching to see whether it could still pump—I was watching whether there was sustained buying once it went up. Now it’s at 0.0094, with a return of +1485.04%, and the move is clearly extending.

I’ve already been watching this area before. Repeated tests of the resistance above never managed to chew through it, and the rally didn’t come with any real volume. The longer the chart grinds, the more unstable it looks. A lot of people think ranging feels safe, but I feel like things are already off here: the longer it ranges, the faster the liquidation will be once the downside loosens.

This selloff didn’t happen out of nowhere. The key is right after the failed rebound: the buyers didn’t dare to step in, and sell pressure started actively pushing downward. Once my short positions are in profit, I won’t stubbornly hold to the very end. I’ll take profit in batches first, move the protection level down, and then see whether it can continue to release room for volatility.

If you missed it, don’t rush—this isn’t the right time to chase. Wait for the next spot with stronger certainty.

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