Let's review this trade.
I went long 10x on Q, with an average entry price around 0.0223. It continued to rise to 0.026, with a floating profit exceeding 100% at one point. There are several key points on the market:
First, the market traded sideways for a long time in the 0.018–0.020 range, with volume gradually increasing. This is a typical sign of turnover accumulation. I entered the market at the first pullback to support after the breakout, which was a relatively comfortable entry point.
Second, after the breakout, the market continued to rise, reaching a high of 0.031, accompanied by accelerating volume. However, it should be noted that a divergence between volume and price quickly emerged, with funds clearly cashing out at high levels. This is the most vulnerable area for short-term investors to get trapped. I didn't chase the highs, but instead held on to my position during the pullback.
Third, after the price stabilized at around 0.022, the short-term moving average began to turn upward, which is why I continued to hold on. Simply put, the trend is still there, and the risk-reward ratio remains favorable.
In summary, this trade relies heavily on timing: daring to enter during the initial breakout, holding back during sharp pullbacks, and patiently holding on during pullbacks ultimately yielded returns exceeding 100%. Ultimately, making money isn't about predictions, but about patience and execution.
Next, I'll focus on the 0.022–0.023 support level. If it breaks, I'll consider taking a profit-taking measure to lock in some profits. Conversely, as long as volume keeps up, a second push to 0.03, or even a new high, is possible.