The best part of this trade isn’t that it went up—it’s that the market kept frightening people the whole time. I took the $ALLO long from 0.24131 to 0.40861, and my unrealized profit is now +1698.09%. This move is classic: after the panic washout, the price flips direction and pushes upward.

In that first drop-and-retrace, many people’s immediate reaction was “it’s over, it’s going to keep going.” I felt the opposite—because after the selloff, it didn’t keep breaking down consecutively, and the rebound was extremely fast, which shows that there were still buyers waiting below. The key is right here: the panic came out, but the shorts didn’t get the outcome they wanted.

After it stood back up, the market structure clearly changed. Low-position lots started to hold firm, copycat shorts were forced to cover, and the release of upside room was therefore only natural. Now the gains are already quite substantial. I’ll lean toward processing in 70/30 batches—keeping part of it to continue watching. I won’t give up the protected level.

At a time like this, the biggest fear is getting carried away after you’re in profit. If you have no position, don’t chase the trade. The market won’t only give you one chance—wait for the next, more comfortable entry.

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