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The previous wave involved a short position on GUA at the 0.136 level, but due to less-than-ideal entry points, I only allocated 2% of my position to test the waters. Now that the price has returned to around 0.1416, it presents a good opportunity to add to my position. I plan to add another 2%, bringing the total position to 4%.
Since I am adding to the position, the average cost will naturally change. Originally, the average cost was at 0.14, and the new position cost is also around that level. Based on the new average cost, I set the take-profit target at 0.1365 to ensure a reasonable profit margin. As for the stop-loss, I am still monitoring market trends and will determine it once a clearer technical support level is identified.
This method of building positions gradually may be slower, but it effectively reduces the risk of a single entry, especially when the entry points are not perfectly chosen.