This short can be eaten—the key isn’t to chase only after seeing the drop, but that when price surged up and then failed earlier, I felt the support overhead getting weaker and weaker. The price went from 0.08432 down to 0.0805 all the way. This sell-off came very fast; +321.45% was just the result. What feels best is that my judgment wasn’t thrown off by the short-term whipsaws.

Those initial few fake breakouts were really annoying. The chart at one point looked like it was about to refill the pump, and I was a bit panicked too, but the high level never got sustained follow-through—instead, sell pressure kept appearing. If you’ve been in crypto long enough, you know: if strength can’t even hold a pullback, then stubbornly chasing longs is likely just catching a falling knife.

After it finally broke through the key level, the shorts’ tempo became clearly smoother, and the earlier doubts gradually disappeared. After this leg down, I’m even more convinced by the short thesis. It’s not because I only went bearish after the drop, but because the problems exposed earlier still hadn’t been resolved.

The biggest takeaway from this trade isn’t the numbers—it’s that I wasn’t washed out by wick spikes and rebounds. Getting the call wrong isn’t scary; what’s scary is when your judgment hasn’t been disproven yet, but you mess up the rhythm yourself.

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