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$EVAA I lost 760k yuan in September because I believed in the "hundredfold coin" narrative. Today it rose 99% to 0.8551, but I remain calm.
Look at my data: 24-hour trading volume is 308 million yuan, with an astonishing turnover rate, but after reaching a high of 0.9868 in 24 hours, it fell back to 0.8551, indicating heavy selling pressure.
If starting from the low point of 0.4223, the increase has already exceeded 100%, and chasing now is just taking the other side of the trade.
Trading plan: at the current price of 0.855, try a small long position, set stop loss at 0.78 (below the pullback level), take profit at 0.95-1.0, and sell immediately if it drops below 0.8.
Don’t believe that it can still fly after a sharp rise; I’ve died before from FOMO.
This wave, I hold 50% of my position, but don’t exceed 2 times leverage.
For those who want to be safe, wait for a pullback to 0.72 before entering again. If I’m unsure, I’ll just sit tight.
Lessons from veteran traders: 99% of the gains are backed by 99% of the pitfalls; data is more real than emotions.