The previous rally felt wrong to me. $CHIP looked strong, but it was more like a pump to trap longs near the top.

The real change came when CHIP approached 0.04312. As soon as sell pressure appeared above, the price immediately lost the initiative. Many people chased the spike, but I watched to see if it could hold after the spike. The result was clear: if it can't hold, it's a trap, and the short-side momentum actually becomes smoother.

Now the price has already hit 0.03199. This position is up +1243.03%, and the move has played out directly. At this point, I don't want to turn profits into fantasy. I'll use an 80/20 batch processing approach to lock in some first, and let the rest run with a trailing stop. If the market continues to weaken, I'll hold. If the bounce is too violent, I won't overstay.

In short, trading isn't about following the crowd; it's about spotting who reveals a weakness first. After confirming resistance at the highs, direction matters more than slogans. If you're not in, don't chase just because you see the PnL. Chasing shorts after a sharp drop also carries risk. Don't chase entries; wait for the next opportunity, for a more comfortable setup.

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