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This long position has finally played out. $IO pushed from 0.16220 all the way to 0.1747, and the current floating profit has reached +545.02%. This isn't luck — after that previous pullback failed to break the structure, the chart had already started giving signals.
At the time, many were still waiting for lower prices, even thinking the bounce was just a bull trap. But what really caught my attention was that the decline kept getting weaker, key levels were no longer being pressured down, and capital kept absorbing in the critical zone repeatedly. Something was off here — the structure had clearly changed.
For this trade, I followed the rhythm instead of chasing every candle. Now that the price space has opened up, those with larger positions can consider taking 70% profit first and keeping the remaining 30% with a protective stop to watch for extension. Don't let the profits already in hand get wiped out by a sharp pullback.
This wave of IO longs paid off cleanly, but the more you're making money, the less you should get carried away. If you didn't get in around 0.16220, don't force a chase at 0.1747. Wait for the next pullback confirmation, wait for a more comfortable entry.
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