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A lot of people were still doubting whether EIGEN could keep pushing higher just now, but the order book directly answered them. This $EIGEN long position, bought at 0.2145, is now at around 0.243; the profit shows +640.32%, and this leg of the move has clearly extended.
At the time, I wasn’t focused on a single bullish candle—I was watching the support after the downward pressure. The price was dumped, and someone stepped in immediately; the pullback kept getting shallower. In this kind of tape, continuing to look for downside can be passive. The key is right here: the shorts didn’t manage to print new lows, while the longs started pushing on their own.
Now that the profit is in, you can’t get greedy with the trade. I’ll handle it with 70/30: 70% will be taken off first, and the remaining 30% will continue to look for upside room, while moving the stop/protection level up. It’s not that I’m afraid of it going up—it’s that I’m afraid the profit will get ground back down during consolidation.
This move is a case of anticipating and getting confirmation, not a last-minute guess. If you didn’t catch it, don’t rush—markets are always there every day, but great setups aren’t. No chasing here; I’ll wait for the next opportunity.
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