I’ve been waiting for the confirmation that the sell-off from the high would come down. Today, it finally moved out. $CHZ short reference is at 0.03382—now the price is at 0.01667, and the account shows a return of +2442.07%. The shorts cashed out in a very direct way.

The most confusing part on the screen earlier was this: after every pullback, someone rushes in to pick up longs. It looks strong, but the key level becomes weaker every time. What really caught my attention is that once the price gets close to the key zone, volume heats up, but the push is slow—at this kind of position, a reversal-driven liquidation / shakeout is very likely to happen. Put simply, most people still haven’t reacted, yet the rhythm has already switched sides.

Now the profit on the short position is already quite considerable. Splitting it 80/20 in batches is more suitable for this kind of market: first lock in the bulk of the profit, and use the rest together with the protection level to follow. If it continues to break the level, let it run. If it pulls back upward, don’t stubbornly hold on. If you didn’t catch it, don’t get carried away—if you chase in here, the position will be awkward. Don’t chase—wait for the next opportunity with stronger certainty.

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