Trading Bits and Pieces
Since my last trading journal entry two weeks ago, I’ve been navigating the altcoin jungle. And how did I do? Well, let’s just say I didn’t trade a single Bitcoin (BTC) during this period—except for closing my long position from the golden Costco price of $6,900 in pieces between $7,550 and $7,700. Instead, I plunge dived into Matic Network (MATIC), WePower (WPR), Zilliqa (ZIL), Verge (XVG), Fantom (FTM), and ChainLink (LINK). Talk about diversification—I’m basically dating every altcoin I can find!
In my previous journal, I exhibited a minor heartache with a 2% loss on my REN trade, which sailed in at a cool .00000603 Satoshis (sats) and sunk down to .00000590 sats as I exited. Ouch!
Profits Galore!
Now for the fun part—cashing in on the wins! Elon Musk would be proud to know I snagged a 14% gain on DOCK, a delicious 32% gain on Harmony (ONE), and a whopping 39% gain on Fetch.AI (FET). Oh, and don’t even get me started on my VET trade, which closed over 100%. I did experience a bit of a rollercoaster with my ArpaChain (ARPA) trade, where I broke even after being stopped out at entry. Talk about the thrill of victory mixed with the agony of… more victory?
Analyzing Bitcoin
Zooming back to Bitcoin for a moment, I checked out its monthly chart. I was hoping it would close above the pivotal $7,777 mark to hint at a price rally. I exited most of my BTC position around $7,625, netting a pleasant 10.5% gain in the process! Sadly, the candle closed closer to $7,550, marking a break below my hopeful support—bye-bye, bullish wishes!
Setting Up MATIC
Now, onto my friend MATIC! I entered at .00000348 (sats) after missing some juicy entries at lower levels. It wasn’t ideal since I jumped in when it was already climbing like my caffeine-fueled cat at 3 AM. Nevertheless, my gamble paid off! I closed the bulk of my position at .00000460 (sats) and caught a satisfying 32.1% gain. Just like my sedate cat, Matic has more tricks up its sleeve; I’ve left a portion open in case it decides to skyrocket.
What About LINK?
Let me spill the tea on ChainLink. I spotted a clear short setup that made my heart race faster than a triple-shot espresso. Unfortunately, I can’t short altcoins (waah!), so I waited until it reached the anticipated bottom price. I jumped in, hoping for a rebound and a friendly stroll up the price ladder.
ZIL Trade Watch
On to Zilliqa, I entered at .00000075 (sats) as I observed it breaking free from a descending prison like a dramatic movie character. ZIL’s price flipping the .00000078 (sats) support was a green light for me, blazing the way for further appreciation, which I’m excited to monitor in the next entry of my thrilling trading saga. Stay tuned!
Before I sign off, a friendly reminder: the opinions expressed here belong solely to me, and anyone venturing into the trading waters should remember that all investments carry their risks. Do your homework before placing those bets!
