Just after I finished watching the bearish news, the order book still looked very firm on the chart. I didn’t expect that—turn around, and it started “handing in assignments” downward. For short positions under pressure at high levels, holding them is just one word: satisfying.

A few days ago, in the afternoon, I kept watching KAS. I found the price trying to push up harder and harder, but the volume didn’t cooperate, while the sell-side orders kept piling up and pressing down layer by layer. $KAS Every time it got close to the key levels, it turned back. I didn’t chase the rally—instead, around 0.03380, I completed a long entry, waiting for the sell-side follow-through to fail.

At this moment, the price has already fallen to 0.02878. The post-trade review result is +1058.03%. It was tedious beforehand, but the judgment wasn’t a wasted wait—the shorts got closed out very decisively.

Take 80% off the table first, and leave the remaining 20% for a trend-continuation position. Move the protection level up to around the cost basis. If it keeps dropping further, let the profits run. If it bounces back, don’t spit back what you already took.

Being in no position isn’t a crime—opening trades randomly is the mistake. If you didn’t get in, don’t rush to patch with more tickets. Chasing the drop can easily get dealt with by a rebound. Wait for the next move once the structure is clear again.

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