This drop looks very much like the typical pattern of sweeping first and then smashing. The spike at the high point of $ENA to bait longs was too obvious—if you react a little slower, it’s easy to get pulled in by emotions.

At the time, the price kept tugging around the 0.10734 area. On the surface it looked like there might be another push higher, but what I was watching was the follow-through. Once the above-side aggressive buy pressure weakened, the resting orders below were broken through, and the structure became wrong. A lot of people think it’s just normal consolidation—this is exactly where it matters: the end of consolidation is where it’s most likely to choose a direction.

Now 0.0844 has already delivered the result—shorts are up 1030.99%, and the downside volatility space opened very decisively. Holding this level isn’t because of big nerve; it’s because after the previous breakdown, the rebound never managed to reclaim the area. The shorts’ tempo never got lost.

If you have profit, don’t pretend you didn’t notice it. It’s more comfortable to handle it in 80/20 batches, and lock the remaining position’s rhythm with a protective level. If it continues to be pushed lower, follow; if the rebound is too strong, take profit first. Don’t chase if you didn’t get in—wait for the next time a confirmed level appears.

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