This spot in front looked very strong. The price was pushed up fairly sharply for a while, and many people probably had the impulse to chase the order. But I instead waited for it to spike and then pull back. My short went from 0.16207 to 0.13629, and it ultimately ended with a recorded +1129.98%. This time, I didn’t get fooled into getting in by the apparent strength on the surface.

The part that felt the worst was the opening segment. The price kept pushing up and down repeatedly, and the shorts still didn’t get fully shaken out for a long time. I even began to wonder if I’d made the wrong call. Later, at the highs, fresh sell pressure kept appearing; the rebound didn’t make a new high, and the order book started to feel like nobody was there to take bids.

After the market finally dumped for real, all those earlier false breakouts matched up with what was actually happening. It wasn’t that I only started looking bearish after it fell—the problems had been there all along, but at the time they were covered up by the pump. Once the support loosened, the direction naturally became clear.

If you’ve stayed in the crypto space long enough, you’ll know: the more a place rushes people into getting on the train, the more you should first ask one question—whether there’s real follow-through. Missing the initial move doesn’t matter. If you can hold the rhythm and don’t chase orders, you’ll be better able to play out the short thesis to completion.

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