This latest pump was crucial. $EIGEN moved from 0.2145 to 0.2391, and long position profit is already +552.7%. Many people only reacted after seeing the rise, but the real change had already appeared after that sweep.

At that time, the price first dumped, shaking out a batch of short-term positions. Many in the comments started turning bearish. But I was watching whether it would break further after the dump. It didn't; instead, it quickly recovered, and bears lost the upper hand. Something was off. After the panic subsided, price started moving upward with clear extension.

The biggest risk in such moves is being shaken out by fakeouts, or being greedy after profit and letting it reverse. I now prefer a 70/30 split: take part of the profit first, and set a trailing stop for the rest, letting the market decide if it can continue.

Don't chase at 0.2391. If you missed it, you missed it. The market fluctuates every day. Wait for the next more comfortable entry.

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