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A few days ago, the market seemed to be deliberately acting strong, but when it turned around, it immediately laid out the answer for the shorts. It’s not that I would guess—it’s just that each push higher was more and more lackluster, the buy-side never really followed through, and the higher it went, the more it looked like it was digging a trap for someone.
While the price kept whipping around during the session, I watched how $OPN was being absorbed. I saw that once OPN approached a key level, it still couldn’t hold; the moment sell pressure showed up, it dropped. At the time, my judgment was clear: don’t chase longs. Wait for a bounce to reveal weakness before opening a long. The entry reference was around 0.1710.
Now the price is at 0.0608, and this short has already been realized at +3103.51%—the answer was given quite straightforwardly. Take the bulk first and put it in the bag: close 80% first. Move the remaining 20%’s protection level to around the cost basis. If it keeps dropping further, let the profits run; and if it bounces back, don’t let you give back the results.
Don’t grind away your patience in the chop, while also trying to regain your “dignity” by gambling in a one-way move. Being flat is not a crime—opening trades randomly is the mistake. For friends who haven’t boarded yet, don’t chase this leg. Wait for the next set of signals to act. The market doesn’t lack opportunities; what it lacks is patience.
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