This recent trend looks strong at first glance, but every time it pushes upward, there are people selling into it. The move of surging to higher prices and then falling back has become more and more obvious. I didn’t rush to catch the falling knife, and I also didn’t change my mind because of one or two bullish candles—I kept my focus on the change from 0.10466 to 0.06025.

What really made me commit was that false breakout: it had just built momentum, and then it was smashed back down not long after. After entering a short, there were still ups and downs in the middle, and I felt a bit uneasy, but I wasn’t washed out by an inserted-needle sweep. In the end, the result landed on a record of +2043.46%.

This kind of market makes it easiest for people to chase trades—when you see the price moving up, your hands start itching. But once the follow-through can’t keep up, the rally turns into a cover for distribution. The feedback the market shows on the order book is far more concrete than any slogan.

This trade made me confirm once again: seeing strength doesn’t necessarily mean it will continue. The key is whether people step in to take the bids after each pullback. I’m more convinced by the logic on the short side now, but I still won’t get carried away just because I took a win—timing matters more than emotion.

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