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A few days ago it was acting tough, today it got crushed by shorts! 🚨📉
A few days ago, before bed, I looked at $CHZ , price was high and sideways, many thought it was accumulating for another push, but what I saw was not strength, but weakness. Volume couldn't keep up, as soon as selling pressure came from above it weakened, bounces lacked sustainability. This kind of chart is better for waiting for it to show its own flaws.
While everyone was still watching, I saw CHZ around 0.03373, the upward push was clearly struggling, buying support wasn't strong enough 👀 So at that time I followed the idea of resistance at high levels, executed a short, didn't chase the fake breakout.
Now it's hit 0.01805, profit +2238.70%, this short position played out cleanly 🔥✅💰
Some money isn't made by acting on impulse.
In terms of management, first take profits, close 80%, leave 20% with cost price protection 📌🛑 If it continues to drop later, let the profits run, if it bounces back, don't stubbornly hold.
Take profits when you should. ⚠️
Don't chase if you missed it, chasing leads to a messed up mindset. The market never lacks opportunities, wait for the next clear signal before looking 🔔
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