This short position can ride the market, and the key isn’t chasing after you only see a sell-off. After the earlier spike higher, the order book just never showed any proper follow-through or meaningful absorption. I watched how price reacted around 0.2438—only after sell pressure above showed up again did I shift my thinking to the short side.

When I first got in, it was honestly pretty grinding. The price tried to bounce back a few times, and it almost wore my patience down. Thankfully, I wasn’t scared off by the short-term upside pop. Once it was pressed from 0.2438 all the way down to 0.1646, the short side’s rhythm finally really kicked in, and the result is recorded as +2305.03%.

Honestly, what feels the worst isn’t the drop itself—it’s that stretch of fake strength right before the decline. A lot of people see a few pumps and chase orders; in the end, they become the support that absorbs the selling during the sell-off. This move made me even more confident in my original judgment.

If you’ve been in crypto long enough, you’ll know you can’t just stubbornly “hold on” with a short position and fight it out. You have to wait for the market to give you feedback. It’s not that you turn bearish only after it starts falling—it's that the earlier pressure never really disappeared. This time, the market just amplified it.

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