This selloff wave is interesting. It wasn’t that nobody was bearish at the start, but that many people couldn’t hold on as the price kept getting shaken back and forth in the high range. When $TRUMP was repeatedly waving around above, I actually felt that the opportunity was about to show up—because a truly strong market wouldn’t be stuck there, unable to push up for a long time.

At the time, I was watching the speed of the pullback after several rebounds: when it was pulled up, it moved slowly; when it was dumped, it fell fast. That indicates there wasn’t enough relay/continuation at the top. Once the lower level breaks, it’s easy to accelerate. This level is critical. The more people hesitate, the more likely it is that when the direction finally comes out, they’ll be caught off guard and passive.

I went long around 2.056. The key was to watch for the short side to realize its pressure after the high was capped. Now the price has moved to 1.612, and the +1532.3% has already been made—volatility room has opened up. The most valuable part of this kind of post-mortem is not getting fooled by a fake rebound.

Profit has already been released. If you have positions, remember to protect your profits and don’t let gains retrace too much.

No need to rush and chase afterward—if you miss it, don’t place the trade. Wait for the next opportunity.

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