That drop just now was decisive. ENA held sideways at the highs, and then suddenly lost a key level. The “force-holding” vibe on the chart was too obvious. A lot of people still thought it was just a normal pullback, but the shorts immediately started cashing out.

My short position is at 0.10734, and the current price is already at 0.08211. The profit figure shows +1133.73%. The key is right here: on every rebound before, there wasn’t real aggressiveness—instead, the sell pressure overhead got heavier and heavier, which indicates that the longs who chased in are starting to get passive.

At the time, I wasn’t focused on how much it was falling, but whether the dead-cat bounce had strength. As long as the bounce can’t reclaim back, there’s reason to keep the short. Now that market range has been released, if you’re carrying heavy size, don’t stubbornly hold through the drawdown—take 80/20 first to handle part of it, and use the protection level to hold the rhythm for the rest.

The worst thing in trading is being right but not being able to close. This isn’t the time to get excited—it’s the time to protect your profits. If you missed it, don’t chase. Don’t enter new trades; wait for the next chance, and for a more comfortable level to show up.

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