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To be honest, before this $WLFI pump, the chart was really grinding. I entered a long at 0.05773, now price is at 0.05861, profit +108.23%. The mid-section volatility easily grinds away your mindset.
Many people get scared when it drops, and want to chase when it rises—this is the most counter-intuitive part of contracts. At the time, I wasn't looking at a single K-line, but whether the support underneath was broken. After several pullbacks, it didn't break down. Instead, key levels gradually lifted, and the structure clearly changed. Simply put, before the real direction emerges, the market first washes out impatient people.
Now that profit is here, even more composure is needed. A breakout in price space doesn't mean reckless entry. Those with large positions can consider taking profit in batches 70/30, and continue watching the rest with a protective stop. Don't let a good trade turn into an emotional one.
If you missed it, don't chase. Chasing here at 0.05861 puts you in a passive position. Wait for the next opportunity, act on a pullback to a more comfortable level.
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