This market movement in the earlier part looks quite strong—pulls in one wave after another, and many people probably expect it to keep surging. I didn’t rush to chase longs. Instead, I noticed that at the high end, every time it runs up, there are people selling heavily. The bids look lively, but in reality they’re getting thinner and thinner. So I placed a short position around 0.03382 and waited for the order book to reveal its cracks on its own.

At first, the price churned back and forth, and the short didn’t immediately go in my favor. My mindset was honestly a bit irritated—I almost lost my rhythm due to a single rebound. Later, when the market rallied to 0.01409, the overhead selling pressure kept releasing continuously. The original “strength” finally completely loosened, and I ended up locking in an 80% profit.

This trade made me even more certain: strength doesn’t mean it can keep rising all the time. Especially when there are repeated run-ups followed by pullbacks, chasing longs is easy to catch a falling knife. It’s not that I turn bearish only because it dropped—it's that the underlying problems were already there. Waiting calmly for confirmation matters far more than trying to grab a position too quickly.

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