This $CHIP move feels like a script written by the whales: first grind at highs, then a few small bounces to lure in long chasers, and finally a single candle that breaks the structure completely. To be honest, once I saw the buying support getting weaker, I knew it was no longer a bullish scenario.

The short was opened at 0.04312 – not the most aggressive entry, but the logic was clear. The high-level resistance wasn’t broken, the bounce volume was insufficient, and every time the price tried to push up, it got smacked back down. In that kind of market, I prefer to stay on the bearish side.

Now the current price is 0.03296, and the profit has reached +1135.82%. The easiest mistake during the move was the consolidation before the drop. Many thought it was gathering strength to break upward, but what I saw was key levels being repeatedly tested within the consolidation—the structure was clearly weakening.

The key now is not to give back the profits: take profit on 80% in batches, keep the remaining 20% with a protective stop to ride further. If you didn’t get in, don’t chase shorts; wait for a bounce to get a better entry. Opportunities will come again.

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