This drop finally played out. The $IO short position went very decisively this time. It kept failing to break through at the highs repeatedly—many people were still waiting for it to keep being pumped—but what I was watching wasn’t whether it would rise or not; it was the volume fading after pressure built up above.

Opened a short around 0.16207. What really confirmed it was that the pullback had no strength. Each time the price pushed up, it was pushed back down—showing that something here was already off. Now it’s hit 0.15775, with unrealized profit on the position of +189.13%. The market’s room has been released pretty directly.

What’s most frightening about this kind of market is not getting the direction wrong—it’s after you’re in profit and you can’t bring yourself to take it. My thinking is still the same as usual: handle it in batches with an 80/20 split. First, lock in most of the gains; the remaining small position keeps a protection level and continues to watch for an extension. In plain terms, the rhythm has changed—don’t hand the profits back to the order book.

If you didn’t enter, don’t rush. At this kind of level, don’t chase longs and don’t chase shorts—wait for the next more comfortable spot to make a move.

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