#AltcoinTrade
Just got out of a successful AUCTIONUSDT Perp trade and made 2.42 USDT profit on 5.85 AUCTION. I got in at $13.62 and bailed at $14.03. I chose AUCTION with bullish price action and open interest increasing on this strong market activity. A surge in social sentiment and some bullish technical indications were suggesting a breakout. Unlike BTC, I trade alt coins depending on what small bits of info come out and the volume going in and out. Altcoins tend to respond more quickly to market news than bitcoin, and they can be traded based on expectations for future adoption or regulations. This transaction shows the significance of timing and analytics driven choices in the midst of chaotic markets.
Actually, I'm a long-term and spot trader.
This time, I tried trading futures separately just to make a post.
