In the end, this spot still gave an answer. $CHZ looked pretty tough in front of it, but I’ve always felt that the segment above CHZ was more like bait to get people to jump in, not a truly comfortable relay.



What I was watching at the time was around 0.01844. I tested it repeatedly, but it still couldn’t hold steady. During the day it even intentionally pulled up once—it really looked like a move to wash out short positions. In the past, I would’ve been impulsive at times like this. Now I wait for one more confirmation; otherwise it’s too easy to get harvested back and forth.

Later, the price slid to around 0.01701, and the short positions started to be realized. The +373.45% also came through. Honestly, it wasn’t an easy way to make this money. A few times the price bounced back and tempted me to run first. Even veteran greens would be afraid of profit giving back.

My view is very clear: before the pressure at the high breaks and the move doesn’t get resolved, I’d rather be defensive than chase that kind of noisy action. Now most of it has been taken off the table—80/20 to keep a tail position in reserve. Put the protective level in place, and the rest is left for the market to perform.

$BTC $ETH
CHZ-0.70%
BTC0.53%
ETH2.47%
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