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The comfortable part of this trade isn’t that people say they’re bullish only after it pumps—before the move started, the order book already showed the taste of it. $EIGEN has been pushed down ahead of time; on the surface it looks weak, but in reality the bid support at lower levels has been getting firmer and firmer.
I opened a long at 0.2145. Back then, many people were still watching the key levels above. What I was watching instead was whether anyone was stepping in to buy on the pullbacks. The key is right here: every time the price got slammed down, it failed to break through. That clearly shows the bears are being consumed, and the structure has already started to change.
Now it’s at 0.2474, with unrealized profit of +732.44%. This stretch of market movement has released its upside room pretty decisively. The most satisfying thing in trading isn’t chasing into the key level—it’s getting in early before the direction is recognized by everyone, then waiting for the market to deliver the outcome.
My current plan is to take profit on 70% first, keep 30% running, and push the protective stop upward. Don’t get complacent just because you’re in profit; the speed of drawdowns in futures is never slow. For brothers who haven’t entered, don’t chase—better to do less and wait for the next chance, and for an even more comfortable entry level.
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