Sometimes you make money on short positions not because your judgment is more accurate, but because you don’t get shaken into panic by those middle rebound candles. Before $CHZ moved downward from 0.01844 this time, the chart tested back and forth several times.

What I was watching was the overhead resistance: when price rallied, nobody kept pushing it higher—instead, each time it was smashed back down. Later, when the price was pressed to 0.01639, the return reached +535.37%; only then did the short side truly respond.

The most common mistake in this stretch is seeing the right direction but not being able to hold. After getting swept a few times, people instinctively want to lock in profits earlier, but if you get off too soon, you’re likely to miss the move later and feel bad about it.

My attitude is still the same: first, don’t let profitable trades turn into emotion trades. Set your protection level; if you can stay, stay. If you can’t, don’t force a hold—live at the table so there’s a next opportunity.

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