Before this drop, many people had already started discussing a rebound. Around 16.26, the price still looked quite forceful. I didn’t change my mind just because of a few pumps; mainly, those rebounds lacked sustained follow-through. They surged quickly, and the pullback was just as decisive.

There was a segment that was especially easy to get carried away: after the shorts had just a bit of profit, the market suddenly pulled back, like it was intentionally washing the market. I also worried whether my judgment might be wrong, but looking back, every time it spiked higher, it couldn’t hold; sell pressure stayed there the whole time.

Later, the price was pushed down from 16.26 all the way to 14.65. In the end, this trade landed at +702.57%. What truly made me comfortable wasn’t the final number, but that I wasn’t scared out during the repeated choppy swings, and I also didn’t rush in just because I missed the first leg.

At the end of the day, a short position isn’t better just because it drops faster. The most important thing is whether the issues at the high end keep getting exposed. I’m not bearish just because it’s falling now; it’s because the weaknesses from before never really disappeared. Once they play out, patience naturally has value.

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