Today's drop in $RE is quite relieving, but it wasn't a knee-jerk short.

When it was just hovering at highs, it looked steady on the surface, but the steadier it seemed, the more I dared not chase longs. I've seen too many positions like this before.

What I was watching was the change in support after RE repeatedly surged. The key was that the later rally clearly lacked momentum, volume couldn't keep up, and the price dropped from 0.71099 to 0.61611. Several times in between I wanted to add but held back, afraid of messing up the rhythm if I got too excited.

This trade currently shows a +263.11% gain, which is already quite a good result. Now it's simple: first protect profits, move the stop down accordingly, take some profits in batches, and don't let the earned room slip back.

To put it bluntly, the worst thing about a short trade isn't being wrong, but wanting to prove yourself more right after making a profit. Here, I won't chase the downside; wait for a pullback to provide an entry. If it doesn't, just rest.

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