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Just after I finished watching the bearish news, a lot of people were still waiting for a rebound, but I realized there’s a layer of resistance piled up one after another above—the price keeps getting quickly pushed back every time it tries to run higher. Trading volume is on the low side, and the buy-side hasn’t been consistently following through. This kind of price action smells strongly bearish, so I gave an early heads-up on a short opportunity around 0.08432.
The market hasn’t given the bulls any more room—price is already at 0.08203 now. This position is up +192.7%. I’ll admit there was some hesitation earlier, but once it played out, it’s extremely satisfying. Friends on the bus should be smiling wide now.
After the profits show up, don’t linger—close it for +192.7% first, so the bulk can enter the safe zone. Keep the remaining 20% for trend extension, and move the protective level to around the break-even cost. If it continues dropping, let it run; if it bounces back, don’t let the profit get uncomfortable.
It’s better to miss once than to catch a flying knife in the middle of a drop. Having risk control in place ahead of time is called rationality; cutting losses only after they happen is passive. This isn’t the time to chase shorts—wait for the next shot. Opportunities are still there. Don’t rush.
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