The one that left the deepest impression on me is that I didn’t get tricked into exiting on the first wave of a dead-cat bounce. $ASTEROID looked pretty strong around 0.0001670, and for a moment even had a pull-up feel to it, but at higher levels there was never sustained bid support. Each time it surged upward, it got pushed back down—I’d rather treat it as a test.

During my holding period, it was definitely a bit torturous. The price kept moving sideways, and when I got antsy, I even wanted to exit early. Later, the bounce got weaker and weaker; the key levels started to shift downward repeatedly. By the time there were consecutive sell-offs around 0.0000755, the shorts finally managed to truly open up room.

In the end, this segment corresponded to +1077.63%, and the result was more solid than what I’d expected at the time. It wasn’t because it dropped that I turned bearish—these problems at the high end, like selling pressure and weak rebounds, had been there all along; the market just amplified them through the downside.

After this move played out, I’m even more convinced by the short thesis, but I won’t get carried away because of it. Getting the direction right is only the first step. The real work is to withstand the grinding action, refuse to chase orders—and in the end, it still comes down to your own rhythm to chew through this meat steadily.

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