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This long position finally played out. $TA went from 0.06176 to 0.07818, and the floating profit has reached +652.43%. To be honest, this kind of move isn't driven by hype; the chart itself gave the answer.
At that time, I wasn't focused on a single bullish candle, but on the fact that the retracement didn't break support and selling pressure couldn't push it down. Many were still waiting for lower prices, even thinking the rebound would be smashed back down, but something was already off here. After the key level was raised, the bears' initiative was clearly slipping.
What really made me hold on was the support after the breakout. It didn't immediately get smashed down after going up, indicating that the range for this move has opened up. After taking profit on the long position, I prefer to handle it as 70/30: take some profit first, and let the rest ride with a stop loss to watch for an extension.
Now is not the time to chase in excitement. If you have a position, lock in your profits and don't let the floating profit get shaken out by volatility. If you missed it, don't rush. Don't chase. Wait for the next opportunity and move only when the entry point is more comfortable.
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