Just after I finished reading the bearish news, the chart was still acting calm, but in an instant it started probing down for key levels—this round of shorts got out cleanly and decisively. A few days ago, when I was watching the market in the afternoon, $BILL ’s rebounds got weaker and weaker; the volume didn’t keep up. Every time the price approached the key level zone, it was pushed back down.

I saw BILL grind in the high zone repeatedly, but there was no sustained buy-side follow-through and support. On the surface it looked like buildup, but the details felt more like a bull trap. Back then, I reminded everyone not to get thrown off by one or two bullish breakout candles; wait until the sell-side really kicks in before taking action.

The short position was opened around 0.14088. The current price is 0.02668. The post-trade review result is +1596.09%. Even though it was grinding and annoying at first, once the direction landed, all the waiting got answered.

Close +1596.9% first so the profit is secured, and keep the remaining 91% under observation. Move the protection level alongside it to near the cost basis. If it keeps selling off, let the remaining positions run with it; if it rebounds, at least you won’t give back the bulk of the profits.

A short position isn’t a crime; opening trades randomly is the mistake. This isn’t the time to chase. Don’t try to catch falling knives just to claw back missed action. The market isn’t short of opportunities—wait until the next round of structure forms, then look again.

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