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This long position feels really good.
$CLO was picked up from 0.07488, and there were a few pullbacks in between that looked pretty scary, but I didn't rush to exit at the time. The reason is simple: the selling pressure didn't continue after dropping, and instead was quickly absorbed.
Many people were still waiting for a breakdown at that time, but the price pushed all the way to 0.14896.
Now the floating profit is already +4767.78%, and the pace has been cashed in very cleanly.
I have already taken profit on 80% as planned, and will continue holding the remaining 20% to see the extension, no longer stubbornly relying on subjective emotions.
The stop-loss has also been moved up simultaneously. It wouldn't make sense to give back too much.
To put it bluntly, the biggest fear with such a position is not not being able to hold, but being greedy after making a profit.
If you missed it, don't chase. Wait for the next structure to reposition.
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