This short order was able to be executed smoothly; the real starting point was a rally that I didn’t follow in. After the price surged to a high level, I didn’t rush to chase longs. Instead, I waited for it to pull back from 0.46953 to 0.02678, and finally it produced a +2312.05% payoff. Missing the first leg doesn’t mean you’ve completely missed the boat—real opportunities often lie in the follow-through changes after a spike.

Those rebounds looked lively, but in reality each time they didn’t go far. After the pump, selling pressure quickly pushed it back down. I also felt a bit itchy in the beginning, worried that if I waited too long the shorts might start and I would miss out. But precisely in moments like this, you can’t let emotions take over—otherwise you’ll easily end up catching a falling knife at a high level.

Once weakness was confirmed and the price started pressing down consecutively, the earlier hesitation gradually turned into confidence. It wasn’t that I turned bearish only because it fell; it’s that the problem at the high level never really went away, and the rebound never managed to regain control.

The biggest lesson from this recap is: if you miss it, just miss it. Don’t try to wildly chase to catch back the timing. Waiting until the chart truly turns weak, then following the direction to take the move through, matters more than trying to grab every single segment.

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