Many people were hesitating just now, and then $CHZ kicked out the move in one shot, directly setting the direction. Heavy pressure at the high end isn’t something that only started today—every previous attempt to push higher was hard going. When the actual trend reversal comes, it’s often exactly at positions that look like they can still hold, but in reality can’t anymore.



I took this short from 0.03382 to the current price of 0.01759. The profit is already +2311.06%. Back then, I wasn’t watching a single bearish candle; I was watching that after several consecutive rebounds, price still couldn’t get back to the key area. That indicates selling pressure above has been persistent—each time the price gets pulled up, the buy-side support gets weaker and weaker. This level is crucial.

To put it simply: the rhythm has changed. While others are still waiting for the pullback to confirm, I’m holding onto the short. Now the volatility range is opened up, and the profits are already pretty substantial. Handling it in an 80/20 split is more comfortable: protect the bulk first, and use the smaller position to move with a break-even stop-loss and see whether the move can extend further.

Don’t chase if you missed it—especially don’t open shorts in a panic after a sharp drop. Wait for the rebound, don’t chase shorts; wait for the next opportunity.

$BTC $ETH
CHZ-1.15%
ETH0.82%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned