After this drop worked itself out, I actually felt relieved.

$SLX It had been grinding for too long before. The hardest part wasn’t that the move didn’t break out—it was that a lot of people lost patience from being shaken back and forth. The chart kept probing higher, but every time it got pushed back down, showing that the sell pressure above had been persistent all along. So-called “strength” only looked hard; the real ability to absorb bids hadn’t kept up.

I had already made preparations for this stretch. When SLX got near 0.21150, I handled it with a short-side mindset. What really drew my attention was how it reacted after breaking down—there was no quick pullback, and no strong snap rally. That indicated the bulls were only passively defending, and the rhythm had already shifted into the shorts’ control.

Now the price is 0.11243, and my short position is up +922.3%. The market’s room to move has been released quite smoothly. The profit here isn’t small anymore. For those with larger positions, don’t get greedy to the very end—you can lock in part of it, and use the remaining position to hold at the protection level.

The biggest fear in trading is winning and then messing around. If you didn’t set it up, don’t chase trades—no chasing longs and no chasing shorts. Wait for the next time a more certain opportunity comes along.

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