This short sell (sell from the upside) could be taken all the way, and the key wasn’t chasing only after seeing the dump, but that after the earlier spike at the high followed by a rejection, the follow-through from buyers never really caught up. I kept watching around 2.0071 for quite a while; the most uncomfortable part was that the price kept repeatedly spiking and dipping, almost grinding my patience away.

What really made me confident to keep holding, was that when the price bounced back near the key level it was then pushed down again, which showed the sell pressure above is still there. There were a few times of washout in between, but I didn’t let my emotions get the better of me because of short-term fluctuations, and the shorts’ rhythm wasn’t thrown off.

Later, the market moved from 2.0071 all the way to 1.4584. The result of this trade in the post-trade review came out to +1316.53%. After handling it with an 80/20 split and batches, my mindset is much steadier than before—I at least didn’t panic and jump ship at the very first down candle.

To be honest, in the crypto market the biggest fear isn’t being wrong in your judgment, but being right and still not being able to hold. After this drop, I’m even more convinced by the logic of resisting at the high. My protection level now has real significance, and I won’t go chasing a short again for the missed entries.

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