This short position finally got realized. $CHIP started being pressured from the highs; what I was watching wasn’t how far it could bounce, but whether, after the bounce, it would keep getting pushed back down.



What really caught my attention back then was that the price repeatedly tried to surge near 0.04312 but couldn’t hold. The order book felt twisted; many people were still waiting for a breakout, but I felt something was already off here. High-volume momentum at the top didn’t continue, and the key levels kept being tested. Put simply, the rhythm changed.

Now the price has moved to 0.03049, and this short has returned +1410.56%. The room for the move released pretty decisively. There was a pullback in between, but it didn’t change the structure— it only provided a more comfortable confirmation for holding positions.

On my side, I’ve already done the 80/20 staged handling: lock in most of the profit first, and keep the remainder with a protective level while watching for further extension. Once you’ve made the profit, don’t get carried away—closing a short isn’t a reason to recklessly chase. If you didn’t catch it, don’t rush; don’t chase lower prices. Wait for the next more comfortable level to act.

$BTC $ETH
CHIP-2.83%
BTC-1.46%
ETH-2.85%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned