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To be honest, this chart really knows how to mess with people. 🚨📉
A few days ago in the afternoon, $CHZ was still stubbornly holding at a high. Many people, seeing no drop, wanted to jump in, but I only grew more cautious. The resistance above never loosened, and the rebound lacked sustained buying pressure—it would surge briefly and then weaken. With this structure, I advised at the time not to chase longs, and to prioritize watching for shorts and taking profits.
Once you understand it, execute it. Don’t hesitate at the last moment. 👀
After entering near 0.03578, the pace didn’t immediately give a satisfying payoff, but the high-level pressure remained unchanged, and the market slowly revealed its direction. Now the price has hit 0.01786, with a gain of +2411.93%. That was indeed a very satisfying win. ✅🔥💰
As for the position, I won’t be greedy for the last bite. I’ll first close 80%, and move the remaining 20% to cost basis protection. If it continues dropping, let the profits run on their own; if it pulls back, I won’t let the profits I’ve already locked in turn painful. 📌🛑
When you’re making money, the biggest fear is suddenly getting carried away.
If you missed it, don’t chase—chasing often leads to getting burned. ⚠️ Wait for the next clear signal, and fire at a more comfortable entry. 🔔
$BTC $ETH