I checked my crypto trading account as soon as I woke up this morning. Looking at the BTC/USDT chart, I saw the fluctuation of the last 24 hours. BTC price was down 1.19% at 60,733.9. Trading volume was 197.61M. I decided to further observe today's trading.
Noon time:
In the afternoon I checked the charts of Lai/USDT during my lunch break. Lai price was at 0.01186, and was down 6.09%. The volume was 186.41k. I noticed that the price of lai has been falling for the last one month. I thought this might be the perfect time to buy the deep.
In the evening, I monitored trading more closely. BTC price fell a little more, but I had not yet buyed. I placed some buy orders on lai. Given that the price was too low, I thought it was better to take a little risk.
I reviewed my trading positions at night. BTC had recovered a bit, but Lai was still in the downward trend. I revised my strategy and decided to review it again tomorrow morning. For now, I closed the trading platform by checking my open orders and market trends.
Today was a bit challenging for crypto trading, but the learning experience was also very good. Looking at the market, I realized that patience and strategic thinking are very important. There is a plan to trade again tomorrow, hopefully tomorrow will be profitable.
Note:
There is always risk in crypto trading, so it is important to always do your research and analysis. Diversifying your investments and following risk management are the best practices for trading.
Writing this diary game gave me an opportunity to reflect on the routinity of my trading, and how observing market trends is essential to be successful in trading.