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Let's start with the result: the long position on $ALLO has already realized a portion.
When entering at 0.28288, the order book wasn't that smooth; many were still watching below, thinking the bounce could end at any time.
But what really caught my attention was that the price couldn't drop anymore, and the selling pressure started to weaken.
Now it's at 0.3617, with a profit showing +683.76%. This is the feedback after the rhythm played out.
On my end, following long position discipline, I'll first take profit on 70% of the position. The remaining 20% will continue to be held, but a protective stop must be in place — cannot ignore the results already obtained due to greed for further upside.
To put it plainly, the uptrend didn't happen suddenly; there were many signals, just no one was willing to believe them at the time.
Now that the price has pulled away, those who haven't entered should not chase aggressively. Wait for the next retracement that doesn't break below, or for renewed absorption to appear, before considering opening a long position. $BTC $ETH