Just now, when it dropped like that, many people probably only then realized that the whole segment up at the high wasn’t strong at all—it was repeatedly draining the patience of the late chasers. The price started around 53.67. What I saw wasn’t accumulation for a breakout; it was a quick push up and then it went soft, with support getting more and more flimsy.

The key is right here: the more the order book looks stable, the more you need to check whether there’s real buy demand. The earlier above key levels never really loosened; every time there was a rebound, it didn’t produce follow-through. Instead, it made short-term longs get trapped even more painfully. To put it plainly, the tempo has changed—you can’t just force the current range using the previous bullish strength.

Right now, 44.87 has already been hit. +1163.42% on this move isn’t too unexpected. Once the volatility range opened up, the speed of profit-taking by the shorts was even more decisive than I expected. On my side, I’ll take profit in batches first. The remaining portion will follow with protective levels—if it can keep extending, I’ll take it; if it can’t extend, I won’t stubbornly hold.

In this kind of spot, don’t get excited just because it’s dropping. If you miss it, you miss it—don’t chase. Wait for a more comfortable entry.

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