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I’ll directly publicize this trade review. The $USELESS long was opened at 0.06822, and the current price has already reached 0.08161, for a profit of +953.68%. From the time of entry until now, the most important thing isn’t how much it rose, but that the timing has always stood on the side of the bulls.
At the beginning, the chart was really frustrating—pump a bit then get pressed, get pressed then get picked up again. Many people would get shaken out at positions like this. But the key is right here: the range hasn’t broken the low, which shows the bears couldn’t take the initiative.
Now that the market’s upside potential has been released, the position no longer needs to be held with the mindset you had when you opened. My approach is very simple: take profit in stages for 70% first, and keep 30% with a protective level to continue watching—if it can extend, let it extend; if it can’t, don’t allow the profit to give back too much. When you’re making money, you have to stay clear-headed—don’t hand back the initiative.
If you didn’t catch it, don’t rush, don’t chase the trade. Wait for the next time at a more comfortable, more certain position.
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