The earlier market move is the easiest to fool people into it. On the surface it still looks like it’s holding up, but in reality every rebound lacks staying power. I started watching for a short from around 0.21896; the logic is simple: there were pull-up actions at the highs, but no real follow-through to provide genuine support.

At first it didn’t go smoothly. The price came back to around my entry a few times, and it definitely wears down your mindset. Back then, if you get emotional and keep adding, it’s easy to get shaken out by a single wick. I just waited for it to fail to push higher again, and then I saw that the sell-off pressure had clearly started to intensify.

Finally, it went from 0.21896 down to 0.12193. The result of this trade was +1085.31%. This isn’t about guessing—on the chart, the high-level supply was repeatedly confirmed. Once the shorts truly got going, the earlier hesitation gradually turned into relief.

After this drop, I’m even more convinced in the short thesis for this direction. A lot of people always want to buy at the critical levels and sell at the critical levels, but old players know that understanding the pressure and not getting scared off by a counter-pump is already quite rare.

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