$TRUMP is a great example, I was really caught off guard. When it goes down, there's no bottom. Around 23 is a short-term support level, so I opened a position. I woke up to find the sky had fallen, and it suddenly dropped to 19u, which led to a liquidation.
Although $TRUMP is currently the hottest meme, with large capital flow, $BTC seems to be a better choice for going long during the vampire altcoin phase. After all, it dropped from over 70 to the 20s, and everyone is thinking of bottom fishing. Looking at the position situation, the longs quickly opened at 82, but the result is continuous declines with no bottom in sight, and a daily drop of 10%. If the margin isn't sufficient, who can withstand it?
In the short term, the pressure for Trump coins to rise is quite large. At the 4050 price level, there are a lot of trapped positions, but the future does look good. Meme-based hype is strong, and Trump has high popularity, but the brothers in the long contracts are having a tough time.
If it's spot trading, you can buy at lows to increase the average price; it's just a matter of time. If the contracts explode, they're gone.
In my last article, I mentioned my experience of being liquidated multiple times. Many old brothers commented that the risk of contracts is too high. After careful consideration, I totally agree. For example, my loss of 3000u could have been avoided if I had started my crypto journey two years ago by investing 100u every two months, continuously increasing my position at the low point of 40,000, putting all my bullets into spot trading. I wouldn't have to check my messages for liquidation notices every day, I could eat well, drink well, and have a normal routine. Damn, I wouldn't have to suffer like this. Now BTC is at 100,000, and the gains from regular spot investments are much better than the struggles of contracts.
Back then, my understanding was too low. I thought it was hard to make money in spot trading with only 100 or 200u. Looking back now, I really want to slap myself. Wealth is accumulated over time, and rushing to achieve results will lead to nothing. So now, the result is that I have nothing left.
I hope everyone truly learns from experience. Contracts can be played, but with low leverage and small positions. Remember to set stop losses in a timely manner to protect your capital. Risk control is greater than profit! Remember this, brothers! 😭#爆仓了 #微策略持续增持BTC