The most worth revisiting part of this trade is that it wasn’t tempted by the first wave of sell-offs into chasing shorts. After the price fell back from the high, many people felt they had missed it and started urgently trying to catch the falling knife. I instead kept waiting around 76861.4, first to see whether anyone would be willing to take the rebound.

At the time, the order book didn’t look too bad—there were occasional pump moves, and holding short positions was also quite grinding. What truly changed my mind was that several attempts to push higher failed to hold; instead, the price quickly dropped again, indicating that there’s still heavy sell pressure overhead. When the price moved to around 64426.7, the weakness finally shifted from subtle details to clear downside pressure.

The result this time came back at +2812.8%. During the process, I didn’t get carried away and chase trades just because I missed the first leg, nor did I mistake a short-term rebound for a trend reversal. If you’ve been in crypto long enough, you’ll know that many losses aren’t from making the wrong call—they’re from getting itchy after missing the move and forcing yourself back into a trade at an uncomfortable spot.

This short side payout made me even more certain: missing out isn’t scary; the real danger is when you scramble to catch up and it throws off your rhythm. Being able to wait until the market itself reveals the cracks is often more important than jumping in at the very front.

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