Someone asked whether they could short when a popular token skyrocketed from 0.13 all the way to 0.27823. To be blunt: this is a very dangerous idea.

Just look at the current trend and you'll understand. Five consecutive bullish candles, pushing up one after another—this is not a gentle rise. The fourth candle's body accounts for 94%, and the fifth one 83%, with very short shadows. What does this indicate? Market sentiment is completely bullish. In such an environment, shorting is like knowingly going against the trend, violating the fundamental principle that "the environment takes precedence over signals." In a strong trend, you must follow the trend; trying to top-tick or bottom-fish will ultimately lead to being caught.

From the candlestick itself, the entry point at 0.27916 is right near the close of the fifth bullish candle. But the problem is, there are no signals to confirm the necessity of shorting here. Entering directly is like gambling—there's no process of letting the market prove itself, and there's no protective Stop Order in place.

Looking at the volume, it has fallen from the peak of 1991M down to 1290M. Although it has declined, this is not a reversal signal. There’s no sudden surge in volume, nor signs of an immediate complete reversal. Overall, volume still supports this upward move, and momentum remains strong.

The Open Interest (OI) data is even more interesting. It increased from 221M to 270M, and with the price continuing to rise, this clearly indicates new funds are flowing in, with genuine bullish capital building positions. The Z-Score is 0.95, well within the normal range, with no abnormal fluctuations. This is not short covering; it’s a genuine trend breakout.

My advice is very straightforward: immediately cancel this short position. Persisting in shorting in a strong trend is equivalent to suicidal trading; adding to the position to average down will only deepen losses. Instead of forcing the trade now, be patient and wait to see when the market shifts from strength to consolidation, or until a clear sign of a secondary reversal appears (such as a confirmation after a narrow channel with three pushes). That’s when shorting will make sense.