This wave of $BIO short positions has finally played out. A few days ago, many were still watching for a rebound, but I felt that position was off. After the price dropped from 0.03045, buying support never caught up, and the order book got weaker the higher it went. Now it's hit 0.02926, and the floating profit has reached +279.62%. To be honest, this decline didn't come out of nowhere; after repeated failures to break higher, shorts started to take control. Most people were still waiting for another push up, but the trend went the opposite way—the hotter the sentiment, the weaker the structure. As for my position, I've handled it according to the short rhythm: 80% taken profit and locked in, and the remaining 20% continues to watch for extensions. The stop-loss level has also been moved down to prevent too much profit drawdown. Don't get emotional at this level. If you didn't enter around 0.03045, chasing shorts now would be very passive. Wait for the next pullback to test resistance; opportunities are not created by chasing. $BTC $ETH

BIO-1.91%
BTC1.70%
ETH0.89%
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