This time, it wasn’t after the most aggressive sell-off that I started paying attention—instead, I noticed it when the price was repeatedly failing to break through at high levels. A lot of people see that the price is still holding up and think there’s no chance for short positions, but when I compared 0.02762 with 0.0133, I found that every rebound lacked sustained follow-through. The strength felt more like it was consuming itself.

That initial stretch was pretty agonizing—the price was being pulled back and forth, and a few times it almost made me doubt whether I was reading it wrong. In crypto, this kind of grindstone action is the easiest to make people itch to trade, especially when shorts aren’t moving downward immediately. My mind kept thinking, “Should I chase? Should I get out?” In the end, I still followed the changes on the order book and didn’t let emotions lead me.

The real turning point came after another failed rebound: selling pressure kept layering down, and the sell-off started to become continuous. The result was recorded as +1274.03%. The market’s feedback was very direct. After this drop, I became even more convinced by the short logic.

It’s not that I turn bearish just because the price is falling—it’s that the problem of heavy pressure at the prior high level still hadn’t been resolved. With contracts, the biggest fear is being overconfident. Missing the first leg doesn’t mean you have to chase the second. Being able to wait for your own timing is a skill of its own.

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