At first, I really didn’t feel like moving, because it had already been hammered down several times in a row beforehand—many people were waiting for a rebound to buy the dip. But the market structure just never felt right: the rally didn’t follow through, and the bids kept getting thinner. Instead, it felt like it was creating the last illusion for the longs.

What truly got me to enter was a move up that then surged back down and failed to be reclaimed for a long time. The short went from 0.46953 to 0.02683. During the process there were pullbacks and intraday spikes, but the sell pressure below didn’t disappear. In the end, the outcome was recorded as +2312.05%—this kind of realization matters more than simply guessing the direction.

This trade reminded me of the habit I had when I first entered the market: when it drops, I want to chase; when it rebounds, I panic and rush to get out. Now I’m more willing to wait and let the rhythm play out. Missing that first move isn’t scary—what really destroys your mindset is indiscriminately catching a falling knife.

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