This round of sell-off actually gave plenty of hints, but at the time most people were still waiting for it to keep pumping. After the price came near 0.04289, several attempts to break higher didn’t open any room; instead there was a clear fade after the spike. What I saw was not strength, but that the sell pressure above never got absorbed.

At first, I also didn’t dare to short right away—I was afraid of getting caught by a sweep; my short would get wicked out just after I entered. So I patiently waited for a retracement, and only after confirming the price turned weaker again did I follow through. This process was quite grinding. The hardest part was getting the direction right, yet the market still didn’t drop for a long time.

Later, the price fell to 0.02777, and the final result logged as +695.04%. When the shorts finally truly started to push, what those earlier hesitations and waiting had held back were answered. The market didn’t move due to any news stimulus; rather, the order book itself exposed the lack of sufficient follow-through.

This trade made me understand more clearly that shorting isn’t about chasing once you see it falling—it’s about whether the high level still has the ability to keep pushing higher. You don’t become bearish just because it’s dropping; instead, the weaknesses that were there before have been continuously present. As long as the rhythm doesn’t get messed up, missing the very first part won’t affect later getting the portion of space that belongs to you.

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