$CHZ ’s drop has been brutal. The short position has gone from 0.03382 to 0.01682, and the current +2422.13% has already been realized. Don’t be distracted by how painful the process feels—the real key is that after pressure builds at the high, each bounce back is weaker than the last.

I’m not reacting only after a big bearish candle. Before the signal even came out, I’d already observed the changes: the upside can’t break through, but the pullback speed is getting faster and faster. The buy side looks lively, but in reality there’s no follow-through. Many people are still fantasizing about another push up; what I’m seeing is the main force constantly distributing key levels at the high.

This leg is the ultimate test of patience. After opening the trade, it’s not been a smooth ride—there were a few washes in between, and the chart deliberately creates the illusion that it’s going to pull back up. But as long as the key level hasn’t been reclaimed, the short thesis still holds. Once the room for movement opens up, the profits naturally come with it.

Now I’m not greedy—take profit in batches with an 80/20 split, and keep the remaining position with protection at the protective level to see whether it can keep pressing down.

If you missed it, don’t rush, don’t chase—wait for a more comfortable entry.

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