This short position wasn’t easy at the start. The price hovered and whipped around near 2.0071, and the order book deliberately tried to look extremely strong, almost pulling me into the emotion of chasing the order. Fortunately, I wasn’t watching the surface-level pumping—I was watching whether there was real support after the spike.

Those rebounds in the middle were especially grinding. Many people probably thought the short thesis was wrong and got shaken out. I was also a bit anxious then, but every time price pushed up, it left clear sell pressure behind, indicating that the people willing to take it weren’t really stepping in.

The real change came after the breakdown sell-off with increased volume. The price didn’t return to the original strong area, and the shorts finally took control of the pace. Near 1.4086, this outcome corresponded to +1436.5%. All the suffering grinding before it finally meant something.

This move has made me even more certain: in a weak market, the worst thing isn’t the rebound—it’s getting thrown off by the rebound itself. It’s not that you go bearish only because it’s falling. The high-level problem never disappeared; in the end, the market just amplified it.

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