Many people were hesitating just now, thinking $CHZ can’t keep falling, but when I watched the chart, it felt very clear: something is already wrong here.

The short was opened around 0.03382. We’d already noticed earlier that this level rebounded without volume—price looked like it was just grinding, but it was actually wearing down the longs’ patience. The real change came after that failed dead-cat bounce: buyers didn’t follow through, and sell pressure immediately took over the rhythm. The current price is 0.0167, and you’re up +2440.64%—that’s the value of waiting for validation in advance.

Not every drop can be traded. The worst thing is to see a bearish candle and then chase.

My view is simple: after heavy pressure at the highs, if the rebound can’t get back above the level, the shorts have a reason to keep pressing the price lower.

Now the profit has been released. If you have a position, you can consider taking profit in batches with an 80/20 split, and use the remaining portion to hold with protection levels—don’t hand the initiative back.

Don’t force it if you missed the move, especially don’t chase shorts after a sudden sell-off. Don’t chase orders or emotions; wait for the next confirmation signal to appear.

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