After $CHZ broke down and worked its way out of this drop, most of the earlier hesitation has basically been validated—at the highs, there is a chance, but you can’t stand in the wrong direction.

I’ve been holding this short position from 0.03382. At the beginning, it didn’t go smoothly—the price kept pulling and tugging, and it looked like it might keep charging higher. But what really caught my attention was that every time the retracement pushed back near key levels, the trading volume was very urgent; yet the drop afterward was even more decisive. Something here was off. Bulls were still propping up on the surface, but the ability to absorb demand was getting weaker and weaker.

Now the current price is at 0.01662, and the return is already +2450.61%. The market’s downside room has been released faster than expected. The biggest fear in trading is to only believe the downside after it happens—by the time everyone confirms it, the earlier edge is already gone. At this level, I care more about taking profits, and I won’t hard-battle the order book.

The handling is still simple: take profits for 80% first, and keep the remaining 20% with a protective level. If it can continue extending, let it run; if it can’t extend, don’t give back the profits. Missing the move isn’t something to rush. Don’t chase longs on a rebound, don’t chase shorts on a drop—wait for a more comfortable entry.

$BTC $ETH