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The spot I was watching earlier finally gave an answer today. $NIL has been grinding at the high end over and over—many people think it can still push higher, but what I’m seeing is that every time it rallies, it gets weaker and more hollow; the price can’t hold, and it actually provides a more comfortable entry rhythm for shorts.
I opened this position short at 0.07011, and it has already moved down to 0.03495. Profit is +2415.11%. In plain terms, the rhythm changed—earlier, longs could still force the move with sentiment, but once the bid support breaks and fails to hold, downside room starts to open up.
Back then, what was truly critical was the rebound after the breakdown. It failed to regain and reclaim the level—this kind of setup usually isn’t one I hesitate over for long. Now the profit is already quite substantial. Brothers with larger positions can close about 80% first, and use the remaining 20% with a protective level to follow—if it can keep running, keep watching; if it can’t, don’t get greedy.
The market won’t only offer one chance. If you missed it, don’t chase a short, and don’t get carried away. Don’t chase trades—wait for a more comfortable entry.
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