Finally, after watching this short position closely, we got results today. When $CHZ has been ranging after moving sideways from the high, it looks like consolidation on the surface, but in reality every rebound gets pushed back down each time. This type of chart is what I’m most cautious about, because it can easily suddenly release to the downside.

This trade was entered around 0.03382, and the current price is already at 0.01623. It’s now up 2,506.15%, and the downside move has been releasing smoothly. Many people previously thought it couldn’t fall anymore—key point: “can’t fall” doesn’t mean it has to go up. Weak rebounds are the more dangerous signal.

My approach is simple: once profits are in, first protect yourself. For those with large positions, you can handle it in batches with an 80/20 split—the bigger portion takes profit first, and the remaining small portion follows with protection levels, watching whether the short side can keep pressing. Don’t throw off your rhythm just because things are going your way. Futures contracts are most afraid of getting emotionally carried away.

If you missed this move, don’t rush. Don’t chase longs, and don’t chase shorts either—wait until the next time a more comfortable position appears to act.

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