This drop wasn't sudden. The false breakouts at the highs of $WLD earlier were actually warning signs of risk.

The real trigger for my short position was the repeated failure to break above the 0.4331 area, with volume not keeping up, and price starting to press down. The chart clearly shifted from a rally to distribution.

It has now hit 0.4095, and this short position has gained +386.64%. The price movement opened up very directly. Many people were tricked into buying the previous rebound, thinking it would continue to rally, but once the key level was broken, panic selling emerged, and the decline was smooth.

I won't hold on stubbornly after taking profits. An 80/20 split approach is more comfortable: first lock in the main profits, then let the remaining position trail with a protective stop. If the bounce is weak, I'll see if there is a second extension.

If you missed it, don't chase. Chasing in will mess up your mindset. Wait for a better entry point.

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