This leg down is very decisive. $FIL didn’t suddenly weaken—it had already begun to show cracks earlier. A lot of people got tricked into buying the intraday rebound, thinking that after the washout it would still go up. What really caught my attention was that after sweeping the highs, the price didn’t keep breaking higher and opening up further room.

My short is at 1.0505. Now the price has come to 0.7983, and the profit is already showing +1157.53%. What’s most dangerous with this kind of move is not understanding the rhythm: it looks like consolidation on the surface, but in reality capital is continuously distributing at the high end. By the time most people are still hesitating, the direction has already started turning bearish.

The key is that after the breakdown, there’s no strong recovery. The rebound only serves as a new entry spot for shorts. For now, I’ll take profit on 80%, and keep the remaining 20% with a protective level to watch. After profits are released, my mindset has to be colder and more measured than when I opened the position.

If you didn’t get in, don’t rush. Chasing when you see the drop can easily lead you to buying into a short-term rebound. Don’t chase—wait for the next time a clear, high-certainty opportunity appears.

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