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Did nothing—just came back with a cup of water, and when I looked again, the candlestick chart had already torn apart the composure up at the top. In the early session right after the sell-off, $MAV ’s rebound clearly lacked strength; every time it tried to probe upward, it was pushed back down, and the MAV also didn’t show any decent follow-through. My judgment at the time was simple: trading volume was low, the rally lacked conviction, and the “lure-long” flavor was too strong—so around 0.01362 I executed a long in sync with the move, without chasing those few fake pops.
Now the price is at 0.00887, and the short position review result is +1686.58%—this leg of the move delivered the answer very directly.
First take 80% off the table; keep the remaining 20% in the market, and move the protection level to around your cost basis. If the sell-off keeps going, let the profit run a little longer; even if a rebound shows up, you still need to hold on to the portion you’ve already locked in.
Even if you only make one point—if you can take it with you, then it’s yours. Even if you have more floating profit, it’s only what the screen is temporarily offering. For friends who haven’t boarded yet, listen to me: don’t chase trades in a fast sell-off—wait for the next shot, which will feel more comfortable.
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