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$BULLA In 24 hours, a pullback of 24%, but I need to tell you: this breakout to a new high of 0.0089 is an illusion. The trading volume is only 4.8M. The market maker is rotating at the top. Don’t believe me? Go check—this pump from 0.0071 to 0.0089 has no real giant buy orders supporting it. It’s all small orders pushing it up. If you chase in now, and it drops back to 0.0075 tomorrow, you won’t even have anywhere to cry.
I’m a discipline follower of buying low and taking profit high. I only watch the price, not the emotions. Currently, $BULLA is quoted at 0.0088. My plan is:
Entry range: 0.0079–0.0082. If it’s 7% below the current price, wait. I’ll act only if it pulls back to around the 24-hour low; I won’t catch falling knives.
Stop-loss: 0.0069. If it breaks below 0.0071 (which is the 24-hour low) by 0.2%, I immediately admit I’m wrong. I won’t lose more than 2% of principal.
First take-profit: 0.0093. 4% above the prior high of 0.0089, near the main position cost area. If there are profit-taking sells, I’ll run half.
Second take-profit: 0.0098. If it breaks out of 0.0093 with volume, I’ll add to 0.0099—but I must see trading volume expanding to 5M or more before considering it.
Position size: 10% of total funds only; never more.
Don’t ask why. A trading volume of 4.8M indicates insufficient liquidity. Going all-in is just being cannon fodder.
With this plan, the risk-reward ratio is close to 3:1. But the key point is: if you buy at 0.0088 now, with a stop-loss at 0.0069, that’s a loss of 22%. Take-profit at 0.0093 is only a gain of 5%. This kind of deal—if it’s given for free, I still wouldn’t do it. Remember, the essence of buying low and taking profit high is “buy low,” not “chase high.” The market gives you opportunities, you enter. If it doesn’t, you wait. Why rush?
Voting time: Do you think $BULLA will first touch 0.0089 tomorrow, or drop back to 0.0079 first? I’m with the latter.
No actions outside the plan.