Profit and loss +$699
Cumulative profit and loss rate +69%
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Review
The main profit this week came from the long orders of $ETH . The trading time and ideas of altcoins were completely wrong, and a new strategy needs to be formulated.
Delivery Note Details

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Macro
Since the Web3 market is highly correlated with the U.S. stock market, try to reduce your positions on trading days with frequent meetings as they are easily affected by data.

Investor Relations Data

A total of 5 orders were opened this week, and the main trading target was still long on altcoins.

The logic of opening $BNX positions is fine, but the timing and positions still need to be optimized.
$BLZ opened the order purely on impulse. At that time, the overall market was falling, and the $BNX position was also falling. The excessive losses led to the desire to speed up the recovery of the investment, which was a loss that could have been avoided.
Overall, although I didn’t make any money this week, I didn’t make many mistakes and just need to make some optimizations in my strategy.

A total of three orders were opened this week, and all of them were liquidated. Only the second order $LDO was correct, while other trading orders had serious errors.
$POLYX continued to increase its positions to resist the order, which led to the final liquidation.
$XRP was traded due to a bad mentality after a margin call, so the leverage was fully utilized when opening a position. In addition, the first $XRP order had a take-profit signal in the transaction, but in order to make more money, it was not completed as required.

Next, let’s talk about $POLYX, which has the greatest impact on mentality. In fact, the loss should have been stopped on June 17, because the logic when opening the order was that the copycat token could outperform the blue-chip token, and the #RWA track could rise against the trend.

This week, I opened two orders, both of which were $SOL short orders. The logic was:
1. The market has been pushed up by the ETF news about $ETH, which means all the good news has been exhausted. The only fuel for the market to rise next is interest rate cuts.
2. After the approval of $BTC ETF in January, the market did not continue to rise, and there was a pullback. It is highly likely that funds will not pour in all at once.
3. $ETH and $BTC both rose, but $SOL 's rise was weak.
Next week (this month), my main direction is to go long on altcoins for several reasons:
1. Blue-chip tokens have been trading sideways for a while, and funds need to find a new direction.