$LA At this position of 0.0590, I’m watching my long position show a floating profit of 11.3%, but the shorts have left several long upper wicks on the hourly line.

One of my own trading rules: 0.0608 is today’s high. If it touches this level again, I’ll cut 20% of my position—I won’t bet on a breakout. 0.0550 is the temporary support formed by yesterday’s low, and 0.0483 is the 24-hour low. These two levels are my psychological lines.
I opened a long at 0.0575 with 3x leverage. My current execution plan is: if it can hold above 0.0590 within 15 minutes, I’ll add 10% more; near the 0.0608 area, I’ll take off half, and move my stop-loss up to 0.0580. If it breaks below 0.0580, I’ll close all long positions, then watch whether 0.0550 shows volume-supported support before making a decision. “Never use a stop-loss” is for the friends who get liquidated in a blow-up—remember this line.
Two scenario predictions: first, the trading volume of 9.3M is propping it up here. If the market continues to push the breakout beyond 0.0608, $LA may run toward 0.0620-0.0630, but the risk of getting trapped by chasing is not small—this isn’t an entry point I like. Second, around 0.0590 it’s consolidating with shrinking volume, capped by 0.0608 but without a deep drop—then I’ll wait for a pullback to the 0.0570-0.0580 range to buy for short swings, with the stop-loss set below 0.0550.
Let me reveal the “back-up” card: after a 24h gain of 18.61%, the real body of this bullish candle isn’t large enough, and the upper wick suggests selling pressure. For small-cap coins, volatility is high, so I’m keeping position sizing very strict. Right now, I just need to see whether the buy-side momentum can keep up—otherwise I’ll withdraw.
Comment section update the results.