$RE Holding a short position over the weekend is very risky, because weekend liquidity is poor; it's perfectly normal for it to spike to 0.7 and then drop back to 0.5.
$RE 0.67 There is already no hope; there might be hope for a needle (spike), but not much—just hold the short position that got put on at 0.67 and let it die.
$RE Assuming this is the top, it will most likely pull back with one more spike. Then at 0.67, turn around and hunt liquidity at 0.65, and only then will it continue to fall. If you want a chance at an extremely high risk/reward ratio, try placing an order at 0.67.
Between $RE 0.6 and 6.5 is a capital-intensive zone—it's a place where a large number of short positions get stopped out. It's where the market makers need to hunt. In extreme market conditions, it may go to around 0.7; most likely it will only reach 0.65.
The risk of shorting is theoretically limitless, but as long as you manage your risk properly, it’s not infinite. If you’re bearish on a coin, how do you set your take profit and stop loss? There's actually a straightforward strategy: when you see a significant volume drop with a FVG (Fair Value Gap) forming, buy at the bottom of the FVG, set your stop loss at the top, and aim for a take profit at the previous low. Just keep stacking.