This bit of market action is the easiest to get people worked up—after several consecutive spikes to the upside, it looks like the pump is about to keep going. Just as many people think about chasing, the price starts falling. At the time, I didn’t rush to catch a falling knife; I only put 0.4076 and 0.3439 into my post-trade review to watch, focusing on how the order flow changed after each spike to the upside.

What really made me decide to hold the short wasn’t a single big bearish candle, but the fact that those rebounds never formed follow-through. It looks strong, but every time, someone uses the rebound to get out. The most uncomfortable part is that the price doesn’t dump enough, yet it keeps draining patience.

Then when the sell-off came in, all the sell pressure that had been hidden earlier finally surfaced. The price action turned very smooth, and the result landed at +1114.12%. In that moment, I wasn’t excited to the point of losing control—I was actually a bit relieved, relieved that I hadn’t changed my judgment just because of a brief surge, and that I hadn’t been pushed by emotions into chasing the short.

This trade made me even more certain: in weak market conditions, what you fear most isn’t missing out—it’s second-guessing yourself at the first hint of a rebound. Going against human nature isn’t about stubbornly holding on; until the evidence changes, don’t let a few needle-like wicks wash you out so easily.

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