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$ESPORTS this move is a typical high-level sweep: once the top has been cleared, it gets killed straight down. A bunch of people earlier got hooked by a fake rebound, and then—turning around—it gets pressed down directly. My short was opened at 0.04289, and now the price is at 0.01731; the return is +1169.27%. Nothing flashy, but this bite is very comfortable.
The real key isn’t that you only go short after it drops; it’s that those several pushes up above were way too flimsy. Nobody steps in after the rise, but the pullback gets faster and faster—something here is off. A lot of people see a dead-cat bounce and want to chase. What I was watching was the follow-through after the bounce; once that follow-through weakens, shorts get room to play.
Now the market’s downside room has been released, so you can’t still hold positions like they’re just newly entered. My handling is still 80/20: first realize the bulk, and use the remaining part with a protection level to follow it—giving it room to extend, while also leaving myself an exit. When you’re in profit, you need to stay even more calm; don’t add recklessly just because it’s been smooth sailing. If you didn’t catch it, don’t rush—don’t chase on rebounds, and wait for the next time for a confirmed signal.
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