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Honestly, what tests a person the most in this short position isn’t the opening—it’s that grinding, millstone-like stretch in the middle. After the price probed downward from around 0.2144 and then suddenly bounced back up, the chart looked like it might start rallying again. At the time, I was also a bit panicky, itching to get out and almost ended this trade early.
But after reviewing it several times, I found that the bounce didn’t bring any new support—instead, it left clear sell pressure at the highs. Bulls tried to hold the price up, but every time it surged, it got smashed back down. Then came what looked like a fake breakout, and the market was already showing fatigue.
When the price finally reached 0.2004, the short-side thesis was fully realized. The result for this trade was +312.21%. The middle wasn’t as effortless as I’d imagined. The most fortunate part was that I wasn’t washed out by a single spike wick, and I didn’t lose my rhythm because of short-term volatility.
In crypto, many opportunities are brewed slowly during the time everyone thinks nothing’s wrong. After the pullback, I became even more convinced of my short call. Not because the outcome looked good, but because the problems at the highs were never truly resolved from start to finish.
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