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This short position wasn’t made by guessing. The price had been repeatedly surging higher, but it never formed real follow-through. I was watching this detail.
When a surge-and-reversal appeared around 0.16207, that’s when I started acting. When I first got in, I wasn’t at ease, because at this kind of level, the worst-case scenario is a fake dip followed by a sudden pump.
Sure enough, a counter-rally came mid-way. The chart looked for a moment like it was going to force the shorts out. Many people might have panicked right here. I didn’t chase and change my view just because of the short-term rebound. Instead, I saw that the rebound volume couldn’t keep up, and then selling pressure reappeared. The price gradually slid down to around 0.14006.
The takeaway from the review is +963.61%. After this drop, I’m even more convinced by the short logic. It wasn’t because the outcome looked good that I stuck with it; it’s because problems like insufficient high-level support and a weak rebound never got resolved. The real rhythm is often hidden in the most frustrating moments.
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