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Position P&L: -12.3% Bought at average price 0.0685, now with an unrealized loss of -1357U, this drop is pretty brutal.
$$UB 0.0601 broken through by large orders, should I leave or hold? 24h trading volume of 135M shows bulls and bears are still fighting, don't rush to bottom-fish.
Full Plan: Lock current position, no adding or cutting. Stop loss at 0.0568 (0.3% below 24h low), exit if it breaks down. Take profit at two levels: first target 0.0650 (0.618 retracement level), second target 0.0720 (previous support turning into resistance). Position size controlled at 15% of total capital, I've already used 8%, now passive.
Two Scenarios: A. Volume-driven bounce in 0.0590-0.0600 range, hourly candle closes firmly above 0.0615, indicating capital support, 0.0650 is inevitable, wait for a pullback to re-enter. B. Continued low-volume grind through 0.0580, then 0.0550 below is exposed, this bounce is a fakeout, trigger stop loss and admit loss, don't gamble on a V-reversal.
Trading Advice: Place a long order near 0.0598, stop loss at 0.0570, position 2%. Reduce half at first take profit level 0.0640, don't be greedy. For daredevils wanting to short, place a short order at 0.0620, stop loss at 0.0645, target 0.0580, but I won't do it, left-side trading is too easy to blow up.
Personal Label: Only trade reversal trends in hot coins, small retail traders like me can't afford long-term positions. Results will be updated in the comments.