Many people were still doubting whether $CHZ would pull back up, but the chart gave a straightforward answer—after the high-level rebound failed, the bears took over the rhythm. Simply put, something is off here; the weaker the rally, the more telling it is.

I entered this short from around 0.01844, and the current price is 0.01759, with a return showing +221.98%. It's not that the market suddenly became simpler, but the previous fake strength was too obvious—no continuity on the way up, yet each decline came easier.

What I was watching was CHZ's reaction after facing resistance on the upside. What really caught my attention was that every time the price tried to recover, it got knocked down. While many hesitated, the trend had already started to extend downward. Now that profits are unlocked, don't give back the space you worked so hard to gain.

My approach is still more trader-like: scale out 80/20 in batches, keep a small portion to see if it continues to drop. Trail the stop, don't chase entries—those who missed it can wait for the next opportunity.

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