This move is actually pretty typical: first sweep a round of panic, then open up the long side’s space. The $USELESS long entries at 0.06822 are now at a price of 0.08584, and the profit is already +1234.84%—the rhythm is very clean.

In the initial dip, when prices tested down, many people’s first reaction was that it had broken down. I was instead watching whether, after the sweep, it would continue to be sold off. As it turned out, the price quickly recovered; the low-level positions weren’t shaken out. That means what just happened was more about flushing out the less committed players.

The key is right here: a truly weak market wouldn’t recover its losses so quickly, and it definitely wouldn’t push higher again after reclaiming them. After breaking the key level, the volatility range opens up, and the longs’ initiative comes out immediately.

Now the profit is already quite substantial. If you’re in a heavy position, don’t rely on pure instinct to hold through it. You can do this in a 70/30 split—process in batches, and keep the remaining portion with a protective level, letting the profit run on its own. Trading isn’t only about direction—if you’re right, you also have to protect the outcome.

If you haven’t entered, don’t get carried away. Don’t chase the trade; wait for a more comfortable setup and reassess.

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