This short wasn’t taken after seeing the price drop and then chasing it; it was because after the earlier spike up, the order book was clearly unable to hold. Several rebounds were repeatedly pushed back down. I was watching around 0.16207 and I also felt a bit hesitant—after a sell-off from a high level, there often comes a wick spike (an intraday “needle”). If I got on too impulsively, it would be easy to get washed out.

What really made me confident to keep holding was that when the price bounced back up, it didn’t manage to reclaim and hold above; sell pressure kept getting layered and layered, and the shorts’ tempo started to become clear. This grinding period was really torturous. I even almost wanted to exit early, but I didn’t panic just because of one or two pullbacks. After that, the market moved from 0.16207 all the way to 0.14479.

In the end, this trade left a +761.34% result, and the feedback was even more direct than I expected. Honestly, after you start making money, it’s easiest to get overexcited—but this time it made me more certain: you don’t need to chase the sell-off to “catch the knife” with a short. Wait for high-level consolidation under pressure, and rebounds that lose steam—then you can step in on rhythm and feel much more comfortable.

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