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The bulls finally moved out. The longer they’ve been磨ing, the more meaningful today’s breakout feels. Many people are still waiting for a pullback to confirm, but the chart first gave a reaction—$EIGEN rallied from 0.2145 to 0.2386, and the long position is already up +539.21%. This is the result of patiently waiting for the structure to play out.
Back then, what I was watching wasn’t just a single bullish candle, but the fact that at a low level it kept getting pushed back up and couldn’t be suppressed. Every time the bears slammed it down, there was no follow-through—the key is right here: the structure has clearly changed. I’d already been paying attention to this area. As long as, after the breakout, it doesn’t quickly fall back below, the bulls will have room to keep releasing.
Now that the profit is already in, positions with heavier sizing can be managed with a 70/30 approach: take off part first, and keep the rest with a protective stop to continue watching for extension. Don’t get carried away just because it’s profitable—winning trades are most afraid of ending up as an elevator ride back and forth.
If you haven’t boarded yet, don’t rush. I won’t chase orders at this point. Wait for the next pullback to a more comfortable level before moving.
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