I just looked at usual and built a position at 0.215, let me briefly explain my thoughts.
This coin has been on a downward trend since trading began on Binance before the market opened. I see many brothers in the plaza who bought this coin at high prices and are now trapped, lamenting their situation. Therefore, I have also been quietly monitoring this coin for several days.
So far, we can see that after several days of decline, the usual coin price has basically stabilized at around 0.2. Additionally, with today's correction in Bitcoin and a general decline in altcoins, this coin remains price stable, and the trading volume is not large. Therefore, we can assume that the selling pressure brought by the holders of Binance Launchpool has basically been digested, which means that those who wanted to sell have sold, and those who do not want to sell will have to wait until the official launch to make a decision.
Therefore, from the perspective before the market opens, this coin has actually bottomed out and is at a position where you can build a position.
Building a position at this level is actually gambling on the potential increase that may come with the official opening. Next, I will briefly discuss the logic and operation of buying this coin before the market opens from both good and bad expectations.
First, there are good expectations. This coin, as a stablecoin project’s revenue and governance token, let’s assume it has 'value.' The project itself also has profitability, so the current circulating market value of 100 million is obviously not high and is still in a relatively reasonable or even low range.
After the market opens, even if we speculate from the perspective of selling for profit from the project party, there is a considerable probability of a relatively ideal price increase.
Moreover, there is a limit on the maximum position for a single account before the market opens, which is also an important reason why the current price is difficult to rise.
Secondly, there are bad expectations; the usual airdrop has not yet been distributed, and after the market opens, this selling pressure will first test the market's capacity.
Then there's the project party's approach—we cannot assume that the project party will necessarily drive a so-called price surge for profit. It's even possible that after the market opens, the project party will sell off alongside retail investors who received airdrops. We must consider these bad situations.
Therefore, my trading strategy for this coin is designed as follows: building a position at the current price. If it rises before the market opens, I will take part of my position for arbitrage, and the remaining portion will be held without movement, waiting for the opening. If it falls, I will consider adding to my position to lower the average cost. If it drops too much, I will simply hold and wait until the airdrop is distributed and observe the market situation before making further plans.
If usual continues to fall without rising after the official opening, it will be necessary to consider cutting losses immediately, as this is a very bad signal. I can accept a maximum loss of 30-50% on this coin, rather than continue holding. Subsequently, under the condition of a small-scale bottoming out, I may try to buy in batches again to gamble on a potential rise after the first wave of selling pressure is digested. If the market directly rises after the opening, I will consider taking profits on part of my position in the price range of 0.25-0.3, especially considering that there are many high-position buyers trapped in the range of 0.3-0.45.
You only need to keep a portion of your position to expect the so-called 'price surge.'
The above is for friends who want to buy usual but haven't bought yet. In summary, buying this coin now has a lot of potential, but the risks are also substantial. It is essential to control your position well and not be overly greedy, preparing for the worst outcome.