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The recent downward pressure was quite decisive. The earlier rebound of $STG didn't feel weak, but what really caught my attention was that the buying support at higher levels started to loosen.
This long position I opened wasn't a chase; the entry was at 0.3712. At that time, I was looking at the continuation of the key level after a failed rebound. The price dropped from the top to 0.1576, and the rhythm basically followed the bearish release.
Now the return is +570.72%. At this point, I'm more focused on protecting profits rather than being driven by volatility. The 80/20 approach leans towards lightening the position first, and then watching the structure.
My review is simple: if you miss the first leg, don't chase. Once you catch the rhythm, stay disciplined. Follow up with a stop-loss, and don't let profits turn into emotional trades.
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