So, I'm talking about the downside, but I'm not sweating it 😌 While the market remains globally bearish, my $ADA are gradually accumulating for dollar-cost averaging.
In the previous post, I mentioned that I'm going short on $ADA. My position remains unchanged; I'm expecting further decline. However, I re-entered with less leverage. The first stop-loss was successfully set in profit. The next target is 0.245. Let’s keep playing with the exchange's funds...
We're moving sideways, but we've got some local resistance. If we drop below 0.2505 $USDT , I expect further declines $ADA to 0.249. I'll keep you updated on the situation....
While everyone is flaunting crazy gains and a fabulous lifestyle, I'm still learning to trade and facing losses. There have been both successful trades and not-so-great ones. My PnL so far is -36.57 $USDT . I'm trading the coin $ADA and hoping to finally turn a profit. What do you think, will I make it?
🪙 I often see traders say: 'You can't short on spot.' But I short all the time — and I do it without margin, loans, and liquidations. How exactly? When I see that the market is overheated, and the price, for example, $SOL or $ADA , is about to start a correction — I just sell the asset I already have. I don’t borrow it. I don’t open futures. I just lock in profit — and consciously wait to re-enter lower.
Having entered the position at a price of 0.003283 and experiencing a peak growth of about +20%, it gave the coin a time buffer for a second attempt to break 0.004, which it (as of now) has proven unable to do, deciding to secure a quite pleasant profit of 14.71% from the trade.
Currently, I see signals for a price drop, and the opportunity to re-enter at around ~0.003585 and below $
I am waiting for the exit from the position $IOST at 0.003766 (the entry was 0.003283) and the fixation of 14.71% profit. After that - further decline with a new entry ~ 0.003585 $USDT
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