This short position finally paid off. Ever since $CHZ started to come under pressure from the highs, the order book was no longer just a simple range-bound move.

At the time, I wasn’t focused on whether it could still break up. Instead, every time it tried to rally, it lacked volume—once it pushed up, it got smashed back down. This kind of structure very easily leaves people who chase longs trapped at the top. I had already taken note of this level earlier; what truly made me commit was that after it failed to rebound, key levels began getting broken through one after another.

The short entry reference was at 0.03382. Now the price has already reached 0.01735, and the return on this short has hit +2345.24%. The room in this move was released very decisively. Many people were still waiting for a rebound to confirm, but the price first smashed through the key level. In plain terms, the rhythm changed.

For those with larger positions here, you can handle it in batches using an 80/20 split: lock in most of the profit first, and use the remaining small position with a protective stop to keep watching for further extension. If you have a position, don’t let your profits ride up and down like an elevator—if you missed it, don’t chase. Don’t chase the trade; wait for the next opportunity.

$BTC $ETH