This short position finally cashed out, and the chart gave it very directly. After shorting $CHIP from 0.04312, it kept getting pushed down; now the price is at 0.03379, and the position profit is already +1045.35%. This move wasn’t luck—it was the release of the momentum after heavy pressure at the highs.

Back then, I wasn’t watching a single bearish candle. What caught my attention was that every rebound couldn’t regain the level—volume couldn’t keep up, yet the price was continuously driven lower. A lot of people were still waiting for it to rally back up, but what really made me notice was that the sell pressure above kept getting heavier; something was off here.

I’d already been paying attention to this level earlier. Once the signal came out, I handled it directly with the short-side thesis. Now that the market’s range has opened up and the opportunity is unfolding, brothers with heavier positions can start processing in batches using an 80/20 split: take profit on part of it first, and keep the rest with a protection level to see how far it extends.

When short positions are making money, you absolutely can’t get carried away—don’t give back your profits. If you didn’t get in, don’t chase shorts. And don’t chase new positions on rebounds—wait for the next opportunity.

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