After this drop just now, the feel on the chart has completely changed. $CYS It had been grinding higher above, looking like it might keep pushing, but the key is right here: holding the price doesn’t mean the funds are willing to keep taking it—especially since the rebounds are getting shorter and shorter, and the active buy-side demand is clearly weaker.

What I was watching then was CYS’s pressure around 0.5173. It didn’t manage to hold after trying to probe higher—its pullback was actually even cleaner. This kind of rhythm is not a market that longs feel comfortable with. A lot of people are still hesitating whether to buy on the dip; what I care about more is whether anyone is taking over at the highs— and the answer is obvious: no.

The current price is 0.3164. The short position’s P&L display shows +764.3%. Once the room for movement opens up, profits are released quickly. I won’t get carried away emotionally here. If I can take profit in batches, I’ll take profit in batches—leave a bit of position with a protective level, and see whether the price extension is clearly continuing or not.

Don’t force a chase after missing this move. Chasing after the acceleration starts is very passive—wait for a more comfortable spot.

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