This market move in the beginning is very good at deceiving people. On the surface, there are continuous pull-up actions, but in reality, the handover at the high levels is getting worse and worse. Every time the price surges up, it quickly falls back. I didn’t go catching a falling knife, and I didn’t change my view just because it was strong in the short term. What truly made me take action was that rebound again being pushed back down.

After opening a short position around 5.542, things didn’t go smoothly at first. The chart kept grinding back and forth, and several rebounds made your stomach tighten. If you had rushed to chase the short then, it would be easy to get shaken out. So I just watched for changes in order flow and waited for the shorts to regain the rhythm. Later, when the price moved to 5.067, this trade had already delivered a +416.23% result. The suspected fake breakout that I was worried about was finally confirmed.

Many retail traders can understand the direction, but they’re scared by the fluctuations in between. In crypto, fake breakouts and pump-and-fade aren’t rare. The hard part is staying patient when there’s no answer, and then not getting carried away just because you’ve made a little profit once the answer appears. This time, it made me even more certain: weakness isn’t something you can just call out—it’s shown step by step as each rebound fails.

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