Seeing $ALT suddenly spike, saw the price at 0.04, went short, took a little profit and closed.
Felt I acted too hastily. Analyzing it, I found that because there are many, the fundamentals of altcoins are very familiar, had researched it in 2023, thought that after a spike and distribution, a pullback should be a good opportunity to go long. Calculated that going long at 0.039 is possible, with a fee of -1.3, the fee is about to be charged, and there are probably many short positions that need to be closed, it will rise again, I went long, can withstand a loss of 1.3%, and a rebound is also expected. The K-line adjusted to 1 minute, going long at 0.039, with a stop loss at 0.038.
Now in profit, taking profit at 0.04, about 2.5 points. If it rises further, I will continue to push the take profit level up. If I can absorb the fee, I will, if not, then forget it.
Wrote so much, basically completed calculations and operations in 5-10 seconds.
Technical key points:
1. Familiar with the fundamentals of the cryptocurrency
2. Possess the technical level to judge the starting point of a rise
3. Predict the fee, stop loss point, and profit margin in a short time
4. Quick operations