For this short position in $CHZ , I’m watching specifically for the capital moves after resistance at the highs. On the surface, the price is still grinding sideways, but in reality each rebound is getting weaker and weaker; the buy pressure isn’t following through, and when the sell side leans on it, it drops. This kind of order book pattern can easily break into an accelerated move.

What really caught my attention was that fake breakout around 0.03382. Many people see the upper wick and still fantasize about a continuation push; I, however, think it’s dangerous. After the breakout fails, there’s no quick reclaim—structure has clearly changed, and the shorts start to control the tempo.

Now the price is already at 0.01661, with unrealized profit of +2452.04%, and the trend extension is obvious. This isn’t something you can hold just by emotional FOMO. It comes down to seeing the positions in advance, then executing only after confirmation—otherwise, if you chase after it drops, your mindset will easily get messed up.

Profit has already been released. For those with larger position sizes, handle it in batches with 80/20, and don’t forget to set the protection level. The rest is up to the order book—hold if it can extend; if it can’t, exit. Don’t be anxious if you miss it; don’t chase—wait for a more comfortable level.

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