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That sell-off just now was pretty ruthless. $ESPORTS didn’t suddenly get weak—it was already showing problems in the earlier high area.
What I’m watching isn’t a single K-line; it’s the strength of the retracement. Near 0.04371, $ESPORTS has repeatedly failed to break through. The order book gives the feeling that someone is pressing down on top to unload. Many people are still waiting for confirmation of the breakout, but the key is right here: truly strong price action won’t keep giving you repeated chances to hesitate and steal time.
Holding the short until now, the current price is 0.02186, and the floating profit already shows +981.56%. The trend has clearly extended. In this stage, I won’t emotionally add to the position anymore. Once profits have been released, I’ll first consider taking profit in batches using an 80/20 split. Then I’ll use the protective level to hold the remaining position, so that a wave of retracement won’t throw off the rhythm.
The biggest fear in trading is only believing the fall after you see it, and only believing the rise after you see it. The reason this trade can still be eaten is that I waited under pressure in advance, not chased it at the last moment. Brothers who missed it, don’t worry—don’t chase the order and don’t chase the dip. Wait for the next opportunity, and move when it’s at a more comfortable level.
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