This round of sell-off actually gave many warnings before, but the rebound at the highs looked so strong that it easily tempted people to chase in again. When I was watching around 0.4076, I found that although the price repeatedly spiked higher, it never managed to form sustained buy support. Each time it was pulled up, selling pressure pushed it back down—so this time I chose to stand on the short side.

That earlier upward spike was vicious; in the short term it looked like it was going to break through. I also had thoughts about getting out. But later it didn’t continue expanding; instead it quickly fell back to its original level. After that, the sell-off momentum clearly increased. When it reached 0.3419, the +1143.71% had already provided a complete response.

This trade made me feel it again: the most dangerous thing isn’t not understanding the direction—it’s getting tricked into chasing based on superficial strength. After the market genuinely weakens, shorts won’t always leave you comfortable levels. Only by staying in rhythm through hesitation can you avoid being swept away by both the shakeout and emotions.

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