NFP just dumped 65 points straight today; current price is 0.002 and volume is 4M. The long I placed in the morning got buried—I cut out at my stop loss, and I lost about the cost of a hotpot meal. Don’t rush to bottom-fish here. In a downtrend, catching a falling knife is easy to end up getting wiped out. Altcoins are just this crazy right now: CREAM is up 65%, but volume is only 276K—liquidity is insanely poor. VIB and BETA are also down hard like dogs. Just take a look; don’t get carried away.
Let’s talk positions: use the Kelly formula to calculate the position size, then halve it. I generally don’t risk more than 5% per coin. A fixed-percentage approach fits us better—risk 1%-2% of total capital per trade when you’re wrong. Pyramid-style adding on strength means you add more as it rises, but the increments should get smaller—don’t pyramid in the wrong direction and go all-in.
According to Binance real-time data, the volume for NFP hasn’t contracted yet. Wait for a stabilization signal. $NFP
$CREAM $PYR If you want to play, go click through and look at the order book—don’t just listen to me ramble.
The above is only my personal opinion and does not constitute investment advice.
Let’s talk positions: use the Kelly formula to calculate the position size, then halve it. I generally don’t risk more than 5% per coin. A fixed-percentage approach fits us better—risk 1%-2% of total capital per trade when you’re wrong. Pyramid-style adding on strength means you add more as it rises, but the increments should get smaller—don’t pyramid in the wrong direction and go all-in.
According to Binance real-time data, the volume for NFP hasn’t contracted yet. Wait for a stabilization signal. $NFP
$CREAM $PYR If you want to play, go click through and look at the order book—don’t just listen to me ramble.
The above is only my personal opinion and does not constitute investment advice.
