๐ $CHIP / USDT: I'm waiting for a short โ but only on a signal
After a strong upward impulse, I don't jump into the market blindly. Yes, the asset is already overbought, and yes, the crowd is starting to chase the move โ but thatโs not a reason to open a short 'on emotions'.
I see a classic setup:
parabolic growth โ slowdown โ distribution zone.
Currently, the price is holding in the range of 0.112โ0.118 โ it's not just a level, it's a zone where sell signals have already appeared. Liquidity is starting to form here, and this is where the market maker will decide: to continue the pump or to unload.
๐ My logic is simple:
I don't predict โ I wait for confirmation.
A short for me only appears in one case:
โ the indicator gives a clear Sell signal
โ the price does not make a new high
โ there is a reaction downwards (weakness in the movement)
If this isn't there โ there's no trade.
๐ How I plan to enter:
Entry โ only after receiving a Sell signal in the current zone
Stop โ above the local high (~0.12)
Targets:
โ 0.095
โ 0.075
โ 0.05 (main base)
It's important to understand: the trend is still strong. Before a real drop, the market might easily make another push up to collect short stop-losses.
๐ Therefore, my priority is not to 'be first', but to enter correctly.
Right now isn't the time for an aggressive short.
This is a moment for observation and waiting for a signal.
๐ฏ I'm not chasing the price โ I wait for the price to give me an entry.
