This short position finally came to fruition, and the price action was very straightforward. When $NEAR repeatedly couldn’t hold up after topping out, I felt something was off—especially after the surge, when volume couldn’t keep up, and the price kept being pushed down below a key range.

I had already been watching this area earlier, but what truly confirmed it was that fake breakout near 2.5382. A lot of people were still looking for a pullback to continue higher, but what I saw was that the longs’ “handover” clearly weakened. After that, the price kept getting pushed down, and now at 2.0757, the short position’s gains are already +1292.64%, with the downside room released quite cleanly.

The biggest fear with this kind of drop isn’t not making profit—it’s making profit and then having it eaten back by a rebound. That’s why I’m more inclined to handle it with an 80/20 approach: lock in part first, and keep the rest with a protective stop to watch for further extension. For brothers with larger positions, don’t get greedy—take back the initiative first.

If you didn’t catch it, don’t rush. I’m not chasing shorts here—wait for the next more comfortable level to act.

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