Just finished lunch and was checking the chart when the green on my screen suddenly deepened. This wasn’t minor fluctuation—this time the bears kept breaking down key levels layer by layer. When the market repeatedly shook during the session, $PENGU couldn’t push up to the key position, and the answer came out more decisive than I’d imagined.

What I saw was weak rebounds, no one stepping in to take the upside. Each time price was pushed higher, it lacked just that last bit of momentum. While others were still watching from the sidelines, I focused on the change in PENGU’s order absorption, confirmed the buy pressure wasn’t following through, and then opened a long around 0.008192.

Now the price is down to 0.005902. The post-trade review corresponds to +1983.49%. What looked grinding before, actually dropped very cleanly once it moved. With this kind of short setup, only holding it properly has meaning.

The bulk goes first into my pocket: close 80% first, and put the remaining 20% back at the cost price as a protective position. If it keeps dipping further, I’ll follow along. If a rebound triggers the protection, I won’t allow the unrealized profit to turn back into a key-level issue.

Don’t lose your patience grinding through a range, and also don’t try to reclaim dignity by betting on a one-way move. Profits don’t blow up, and drawdowns aren’t hopeless. It’s not time to chase shorts now—wait for the next wave’s signal before acting.

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