《Aster Contract Competition Day 1》
Brothers, hello everyone, I am trader Zhu Yidan. So far, I have lost over 3000 USDT, with less than 7000 USDT left, currently ranked at the bottom.
I opened a position on Lunc, using 10,000 USDT with 3x leverage. Last night, the highest profit was over 2000 USDT, but I fell asleep and missed it. The reason for buying was that it has been on the rise for the past couple of days, and plus the founder is being sentenced on the 12th, which is also a topic. Looking at the daily chart, it seems like it will continue to rise. This trade lost a little over 2000 USDT; the entry point wasn't great as I thought it would break out, but I ended up chasing it at the peak. This afternoon it dropped below 0.059, and I panicked and cut my losses. The most frustrating part is that right after I sold, it rebounded. If I had still held the position, I would have made over 1000 USDT.
Indeed, it has risen quite a bit, and I'm afraid a pullback will wipe out my triple-leveraged position. Furthermore, the event is too close; the window for speculation is limited. Such non-fundamental good news, once realized, can lead to a sharp decline, so I couldn't hold on and had to cut losses.
The second position opened at 42, which is also a small-cap altcoin, and similarly, I chased the breakout with 8000 USDT at 4x leverage. Currently, I have lost over 1000 USDT. The reason for buying is that the market cap is low, and the K-line pattern has been upward for three consecutive days, with the liquidation price below historical lows, so I am prepared to hold and see.
The liquidity of Aster, a small altcoin, is very poor; this is a hard injury without a good solution. I can't help but sigh that there are really few hot topics now, and there is no profit effect. On Thursday early morning, the U.S. monetary policy meeting will take place. Let's see if the market improves after the announcement.
I will continue to update this contract competition as a record. Over the past two days, I've been eating well and sleeping well at home but unexpectedly caught a cold. First, I had a sore throat, then a runny nose and sneezing. Uncle Ai said it’s H1N1 flu, really frustrating!