Share the operation of bottom-fishing in the past few days (Part 2):
I opened a position of 5000U CRV at 0.3185
There are two main logics for opening a position:
The first logic is that I watched the 3D video and found that there are many ways to play with CRV staking income, and the annual income can reach tens of percent. I thought about whether I could bottom-fish and pledge it during this big drop.
The second logic is that the price trend was quite stable in the past few days. The big drop was caused by the negative news of the founder, and now the price has recovered. I thought about the previous few times when I encountered black swans and big drops in other coins, but I didn’t bottom-fish, and then the market improved and they all rose many times. So I wanted to enter a position.
But after buying it, I made a maximum of 7 or 8 percent on the first day, and then it fell and kept fluctuating above the cost price. The trend was a bit weak. When other coins rebounded sharply, CRV did not follow the rebound. So I sold it above the cost price and waited for an opportunity to enter again. $CRV