This round is a classic pattern of first scaring people, then pumping the market. After that initial pullback and retest in $IO , many thought it was going to break down—but the long positions held from 0.16220 to 0.16536. Now it’s up 138.33%, and the chart directly flushed out the panic sellers.

What really caught my attention is that after the drop, it didn’t continue to sell off with heavy volume. Instead, it quickly recovered, which suggests there are buyers underneath. Most people, seeing a sharp drop, only think about running—but trading can’t just look at the surface. After sweeping one round, if it can still stand back up, that spot becomes crucial. What I did at the time was to follow the reversal, not to stubbornly hold onto a fantasy.

The current trend is extending clearly, and the profits are already quite substantial. If you have positions, don’t let emotions drive your decisions. I’ll lean toward a 70/30 staged approach: first protect the main gains, and then keep the remaining portion with protection levels around breakeven to continue watching. When the market gives meat, take it—don’t get greedy at the end and end up getting shaken out.

If you didn’t participate, don’t impulsively chase now. With IO rising more and more, you need to stay calm. Don’t chase trades—wait for the next time it offers a more comfortable entry.

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