DOOD spot trading, ETH long position made 1200u💰.
I did catch a bit of this rebound with DOOD, although I sold most of it too early. If it pulls back, I will consider buying a bit; if it rises, then forget it, the gradual decline is too deadly.
The strength of ETH is obvious, I have taken several short-term trades in line with the trend, and I am generally satisfied. While BTC is dropping, ETH is still very strong, and I can clearly feel the strength, especially since the ETH/BTC exchange rate is about to break through the resistance level of 0.02620, going long is a wise choice. The upper target is 3250, and I still insist on looking for opportunities to go long.
I am the most dissatisfied with this BTC position; a short-term position has turned into a long-term one. The obvious downward trend is still holding a long position, and there were multiple opportunities to take profits during rebounds that I did not act on, wasting time and bringing endless risk. I think the fundamental issue is not managing the take-profit and stop-loss settings well. If there had been a target set from the beginning, I wouldn't have held on for so long. Whether it’s taking profits or stopping losses, it’s better than holding on indefinitely; try not to hold intraday positions overnight.
For spot trading, consider CFX, ONDO.
CFX: As the only public chain with official endorsement in China, if China vigorously develops stablecoins and cryptocurrencies, it will first benefit CFX. Institutional costs 0.1, 0.08, 0.06.
Current price 0.104, historical highest 0.5, lowest 0.06, this price is still relatively advantageous, I will buy a bit in batches at this position.
ONDO: Ondo Finance is a decentralized finance (DeFi) platform focused on the tokenization of real-world assets (RWA), aiming to bring traditional financial assets (such as U.S. Treasury bonds, bonds, etc.) onto the blockchain, providing institutional-grade financial products and services. Its goal is to achieve the integration of traditional finance and DeFi through blockchain technology, lowering investment thresholds, and enhancing asset liquidity and transparency. Supported by institutions like BlackRock and Coinbase, especially with the recent acceleration of U.S. stocks moving onto the blockchain, many assets will be tokenized; this is the trend for RWA, especially since BNB Chain has recently collaborated with ONDO, which significantly impacts ONDO's development.
Current price 0.94, highest 2.1, 0.6 is the verified bottom, I will buy in batches at 0.8-0.9.