I wrote it last time but it didn't get published because of the watermark, writing it again.
Let me tell you my mental process:
I discovered this project a few days ago and have been following it.
It’s amazing that the holdings have been growing but the market value is very low. I knew something might happen.
I checked and found that it was from the Sui chain. I am very optimistic about Sui, so I want to buy Sui coins.
I bought it at 0.0012, but BTC fell last night, the altcoin fell, and the US stock market fell, so I wanted to sell it at a low price and buy it again.
I didn't expect it to surge right after I sold.
I regret it so much, I know this exchange is up to something, it won't be that simple.
Then I placed buy orders at 18 and 19, and unexpectedly, they got filled when I woke up the next day!!!
But then it plummeted. I thought it was harvested and left, sold at 16 and took a loss.
I can't believe there was news on the B exchange contract in the afternoon! My God, I immediately bought in and informed some people.
At that time, the price was 15.
At that time, I also didn't understand why it dropped so drastically.
Looking back now, the market maker is really a dog.
They knew they would crash the market the next day on the B exchange.
I saw the data, nearly 8 million U got liquidated.
The long positions got liquidated, so news came out to pump the price!
That's why I am firmly optimistic.
With the listing on Binance, the price went up.
It kept rising to 0.003, I felt everything was as expected.
But a miraculous thing happened at 11 PM.
It kept falling for 2 hours, from 0.003 to 0.0018.
I was a bit panicked at that time, thinking this is too harsh!
Fortunately, my cost is low at 0.0015, and this coin has a very low market cap, only over 10 million.
Now that it's on Binance, what am I afraid of?
So I can hold on.
To be honest, I know many who bought high, like those who bought contracts above 25 are basically wrecked.
Or I would have cut losses and ran.
The cost price is really important.
The mentality is completely different.
Sure enough, I made it through these 2 hours!
After the storm comes the rainbow, and it hit a new short-term high.
This coin is very aggressive; I don't recommend chasing the highs.
It might crash again, a washout is also very normal.
The market maker feels very skilled and powerful.
Hopefully, a big market movement will occur.
No one knows how high it will rise, just take it step by step.