When this wave plunged, many people's first reaction was that it was over, but I instead felt that an opportunity had arrived. $XAU Long entry price 3988.05, now the price is at 4164.01, ROE has already run to +410.24%, a typical wash and then pump.

What was really interesting at that time was that after the lower wick was formed, the market didn't continue to collapse, but instead quickly recovered the key area. Most people were swept away by panic, stop-loss orders were taken out, and what remained was the reverse push after the liquidity was consumed. Something was wrong here; the bears couldn't expand their gains further.

When I trade this type of market, the focus is not on guessing the bottom, but on seeing whether it can stand back after the sweep. Standing back means the rhythm has changed, and this range of fluctuation has opened up. Holding the long position is meaningful. Now that profits have been realized, those with positions can take partial profits in a 70/30 split, and keep the remaining position with a protective stop.

Don't try to chase after the price has already surged, as it's easy to give up the initiative. If you missed it, wait for the next opportunity and act at a more comfortable position.

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