Just after seeing the bearish news, I thought this move was completely over, but the rebound turned out to be a feint. Once the overhead resistance on
$CHZ came down, the short position immediately became comfortable.
After the early-session surge, I noticed that each time the price moved up, there were no buyers stepping in, and trading volume failed to follow meaningfully. The signs of a bull trap grew stronger, so I signaled a short entry around 0.03382. The market has now returned to 0.01249, with floating gains already at +3038.7%—the wait was worth it.
When it is time to take profits, th