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This up-move has finally broken out. People who were still hesitating before should now be able to understand the rhythm. $VELVET Pushed from 0.49399 all the way to 0.58231, and the long position is already up +177.23% in unrealized profit—this isn’t luck; it’s the market giving feedback.
At the time, I wasn’t watching just a single bullish candle. What I was watching was the pullback not breaking, sell pressure weakening, and active buy orders starting to get picked back up. A lot of people see range-bound movement and want to run, but what really caught my attention was that every time price got pushed down, it was quickly bought back. Something here just wasn’t right.
Now that the profit has been realized, for brothers with larger positions you can handle it in stages with 70/30: lock in part first, and keep the rest with a protective stop while you continue to watch for extension. After the market’s upside room is released, the biggest thing to fear isn’t making less—it’s getting stuck riding profits back and forth.
If you haven’t gotten on board yet, don’t rush. Chasing in can easily put you in a passive position. Don’t chase; wait for the next pullback confirmation, then move when the price is in a more comfortable spot.
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