Just now, a lot of people should have been jolted awake. $CHZ at the high level looks fairly strong, but what I care about more is whether it can hold up—after starting around 0.03382, each rebound has been weaker than the last.

What really grabbed my attention is the obvious price pressure overhead. The bid comes in fast, but the pullback is even faster. This kind of market is the easiest to trap people who chase longs. Put simply, the “main force” is showing fake strength, but what actually plays out is a continuation of the shorts.

Now the current price is 0.0164. This short is already up +2481.94%, and the downside room has been released fairly smoothly. Most people beforehand were still fantasizing about a repair, but the chart has already started to commit to the downside direction. This is the harshest part of trading—if you react slowly, you can only watch others take profits.

I won’t get greedy all the way to the last bite here. I’ll handle it in 80 portions, and keep the 20 with protection—if the retest doesn’t break the key level, we can still hold the position a bit more.

If you haven’t entered, don’t chase. The more urgent you are, the easier it is to catch the countertrend bounce. Wait for the next opportunity.

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