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A few days ago it seemed like it was barely holding on, but today it just showed its hand! 🔥📉
During the session when it was grinding higher, $CHZ looked like it could push a bit more, but what I noticed was not strength, but that no one was buying into the rise.
The rebound weakens as soon as it nears key levels, and volume is not supportive. The smell of a bull trap is really strong at these levels.
At that time, I saw CHZ hovering around 0.03578, and judged that selling pressure above remained and buying support wasn't following, so I suggested going short at the pace of opening short positions, not fighting fake breakouts. 👀📢
Now the price has hit 0.01746, with a return of +2465.77%. This trade wasn't in vain. ✅💰
When it's time to take profits, take profits.
When making money, the worst thing is suddenly getting carried away.
So the position action is clear: first close 80%, and protect the remaining 20% at cost. 📌🎯 Let the profits run if it continues, and don't fight it if it pulls back.
If you missed it, don't chase. ⚠️ Chasing can mess up your mindset. Wait for a retest confirmation and for a more comfortable entry in the next round before making a move. 🔔
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