With this move by $CHZ , the bears’ momentum has been fully unleashed; those earlier fake bursts of strength finally got exposed.

I’m not saying I’m short just because prices are falling. What really caught my attention was that CHZ kept failing to push out new upside space in the high range. The price still looked like it was holding up, but in reality sell pressure kept increasing. My short entry was at 0.03382. Back then, many people thought it was just building up, but what I cared more about was that the rebound strength was weaker every time—this was already not right.

Now the current price is 0.01708, and the return is up to +2383.69%. The market’s room has been released very decisively. After taking profit, I’ll first handle it in an 80/20 batch approach: the main position gets closed, and the remaining position will be held with a protective level, giving the trend some time, but not allowing too much room for a drawdown.

The most comfortable state in futures is to be able to handle things calmly after your judgment is confirmed. Chasing the drop to open a new position isn’t necessary—it’s easy to get taught by a short-term rebound. If you miss it, you miss it. Don’t chase; wait for the next opportunity to strike again.

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