That trade was really frustrating. The market suddenly rallied, and I listened to the analysis in the live streaming room saying that spot market positive news was actually a bearish signal, so I wanted to go long at the dip. I was bullish on this coin anyway, and when it dropped to 0.16 there was a 5-minute rebound. I got anxious about missing the move, so I directly threw in 15u to test the waters.

As a result, spot prices kept getting hammered downward. I thought since the position size wasn't that large, I'd just hold it. Didn't expect it to break through the previous lows today and pierce the support level. I set a stop-loss at 0.12, originally planned to just cut and call it done, but it directly crashed through and liquidated me at the lowest point. Then inexplicably it rallied again in the evening——that feeling was really something else.

**Reflections on this trade:**

First, I shouldn't have held the position with wishful thinking just because the position size was small. Previously I was always using isolated margin with light positions, but this time it was full position, my thinking was completely off. Second, without a clear rebound trend, I shouldn't have jumped in directly. This is a lesson I need to remember.

**I still have confidence in this coin**, for these reasons:

One is that as the first Chinese-named coin to launch futures, it already has the hype. Two is the exchange behind it has significant scale and influence, with such a distinctive coin name, there should logically be room for appreciation. Three is the key data——92% of the tokens have already been locked in the on-chain burn address, indicating the circulating supply the whales actually control isn't that much.

Overall, I need to be more cautious next time.