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$$RE After a 23% surge, it's holding at 0.6674, with 24-hour trading volume of $200 million. Are those who chased the rally panicking now?
My plan is to place a limit order at 0.6600 to buy back one-third of my position, with a stop loss at 0.6420 and take profit targets at 0.6900 and 0.7100. 0.6804 is today's high; don't chase until it breaks through, wait for a retracement to confirm support. If you missed the entry earlier, now is not the time to chase; wait for a pullback to around 0.6500 before considering.
Control position size to within 20%. If it breaks below 0.6420, exit immediately—don't fantasize about a second rally. The 24-hour low of 0.5336 shows high volatility; in such market conditions, only trade by buying dips and selling rallies—don't hold positions stubbornly or linger. My style is strictly disciplined; I only focus on price levels, not emotions.
Final reminder: No trades outside the plan.