This sell-off wiped out profits cleanly. After $BILL lured longs with that spike at the high, the bearish momentum basically took over from there.

What I was watching wasn’t just a single line, but repeated failures around 0.07960. When price surged up, nobody bought it; but on the way back, the pullback got faster and faster—something was already off here. A lot of people see the breakout and want to chase. The result is they get in and get pushed right back down. The market’s biggest fear is a move that looks strong but is actually hollow.

Now the price is down to 0.02904, with short positions showing an unrealized profit of +1250.65%, and the room in the market has been released pretty well. My approach is simple: an 80/20 split, take the bulk of the profits first, and keep the remaining smaller position with a protective stop to continue holding the view. If the downtrend can extend further, then follow it; if it bounces back and reclaims the level, I won’t let profits fall back significantly.

These trades aren’t about gambling courage—it's about who respects the rhythm more. If you didn’t catch it, don’t rush. Don’t chase shorts, and don’t chase longs either. Wait for the next opportunity to act.

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