Hey everyone, wanted to share my recent experience and strategy with $PEPE , especially for those who prefer the steady path of spot trading over the adrenaline of futures.
Like many, I entered the PEPE market, gradually accumulating $450 USD worth through a staggered buying approach. My philosophy has always been to buy in steps, "small to big amounts as it goes down," leaving plenty of room for averaging down.
However, the unexpected geopolitical tensions, specifically the Iran-Israel conflict, sent shockwaves through the market, causing a significant crash that caught me by surprise. You can see the aftermath in the green-marked area of my chart – that's where I've been holding, patiently waiting for a recovery.
My plan from here is straightforward: I'm waiting for PEPE to bounce back, and I've set a trailing stop with a modest 2% profit target to exit this trade. The goal is simple: no selling at a loss. I'm a firm believer in this coin's potential.
If the price doesn't hit my sell order in the near term, I'm prepared to DCA (Dollar-Cost Average) again with some of my upcoming salary. This brings me to my golden rule for crypto trading: Never invest all your capital at once! Always leave dry powder for DCA.
Spot trading, for me, is about minimizing mental pressure and avoiding the high-stakes game of futures. It allows for a more calm and calculated approach, even when unexpected events rattle the market.
Happy spot trading, everyone! Let's keep it steady and smart.