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Honestly, this pull-up just now is pretty typical—first wash the people out, then move in the intended direction. During the earlier panic, a lot of people were quick to cut positions; then the price turned and it surged upward immediately.
$UNI longs went from 3.050 to 3.63 now, and the return is already +1352.6%. You can clearly see that the room for volatility has opened up. What really made me pay attention was that the dip didn’t continue—trades at the low were picked up quickly, and then the rebound became more and more decisive. This level is crucial: if it can’t drop, that’s the signal; if the shorts can’t print a new low, the longs have room to perform.
This kind of market is the ultimate test of patience. If your eyes only focus on short-term price swings, it’s easy to get thrown off the train. What I was watching then was the reaction after the stop-loss—it's not about the wick itself. Now that the outcome is clear, there’s nothing to play cool about; if you execute properly, you should recognize it.
After you’ve taken the profit, don’t get greedy and forget risk control. You can take profit in batches with a 70/30 split, and let the remaining position follow with a protective level—so the profit can run for a while. Don’t chase what you missed. The market gives opportunities every day; wait for the next chance, and then we’ll talk again when it’s at a more comfortable level.
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