Just cut 380k in losses, died on CHIP last week at 0.027 during the dip, and 24 hours ago I dumped to 0.0327, added 3x leverage out of impulse and got liquidated. Now it's at 0.0393, up 19.63%? I can't swallow this breath. If you really believe me, vote first: is this wave being driven up by the dog whales to dump or are the main players covering their costs?

Data review provides the operation plan, the logic behind the pain: 24-hour trading volume is 38.4M, more than double the past week's average of 18M, but the highest price of 0.0404 didn't break the previous high of 0.042 (last Thursday), indicating that buying interest isn't willing to continue, and this rebound is driven by short-term short covering. On-chain data is even more bizarre—large order sell pressure starts increasing from 0.038, and the number of orders above 0.04 surges by 300%. This isn't a right-side signal; it's a trap to lure in buyers, exactly the same as when I lost money last time.
The trading plan is very simple: Entry: stay at the current price of 0.0393. If I want to enter, wait for a pullback to the 0.036-0.037 range to build a quarter position, with a stop loss at 0.0345 (if it breaks the support at the early morning low of 0.0327, I’ll exit). Take profit in two stages: reduce half at 0.041, and the remaining half look at 0.044 (if 24-hour volume can increase again to over 50M). If before 11 am tomorrow it still can't hold above 0.04, just close everything and walk away—staying here too long is just fueling the dog whales. The overall position principle: your maximum loss on this trade should be 5%. Last month, I used 30% of my position to gamble on a rebound, but when 0.0327 broke, my mentality collapsed and I got liquidated. Now I focus on strict position management, earning slow money to survive longer.
Honestly, this coin's market cap is light; 38M in volume supports a 20% increase, which is riskier than SOL ecosystem tokens by two levels. If the whales really want to push, they need to keep increasing volume past 0.042 today; otherwise, tomorrow will be a pullback to kill the bulls again. My small account only has a 1% position to test the waters, while big funds are waiting for the pre-market US data tonight before making moves.
Remember: always treat the rebound as a rebound, not a reversal. Don't indulge in fantasies of a turnaround. Share this to verify if I’m just working for the main players again?