Binance launched a $200k trading competition for CT, yet CT dropped 14% in a single day: 0.52—here I’m going to try the first trade first.
CT’s current level is quite interesting.
On one side, Binance Alpha is running a CT trading competition, and the event still has plenty of buzz; on the other, over the past 24 hours CT has shown a clear pullback.
This kind of move—high platform hype, but the price is the first to get hit—I’m actually more willing to start watching opportunities for the first entry.
Right now, CT is around 0.52.
My plan is:
Near 0.51–0.52, I’ll go in with 15%–20% of the planned position.
This entry won’t be heavy, because new coins move a lot, and there’s already been a noticeable pullback today.
If later CT regains and holds above 0.54, I’ll consider a second entry.
My first target is to look at 0.56–0.58, and around there I’ll start taking partial profits.
If 0.58 can break out with increased volume, then I’ll consider the remaining position at 0.60–0.61.
Conversely, if it falls back below 0.48 again, I’ll treat this short-term rebound thesis as invalid and won’t stubbornly hold it.
The reason I’m willing to participate first is also simple:
CT currently has Binance’s own event driving attention, and trading activity is also sufficient, while the price has already pulled back from the highs for a while.
Rather than waiting until it rises back to 0.58 before deciding whether it’s worth joining, I’d prefer to take a spot now with a small position, and let the market decide whether to add the second entry.
The first trade is just the start.
After that, if it reaches 0.56–0.58, or if 0.48 breaks down, I’ll come back to update this trade.
$CT #交易竞赛
CT’s current level is quite interesting.
On one side, Binance Alpha is running a CT trading competition, and the event still has plenty of buzz; on the other, over the past 24 hours CT has shown a clear pullback.
This kind of move—high platform hype, but the price is the first to get hit—I’m actually more willing to start watching opportunities for the first entry.
Right now, CT is around 0.52.
My plan is:
Near 0.51–0.52, I’ll go in with 15%–20% of the planned position.
This entry won’t be heavy, because new coins move a lot, and there’s already been a noticeable pullback today.
If later CT regains and holds above 0.54, I’ll consider a second entry.
My first target is to look at 0.56–0.58, and around there I’ll start taking partial profits.
If 0.58 can break out with increased volume, then I’ll consider the remaining position at 0.60–0.61.
Conversely, if it falls back below 0.48 again, I’ll treat this short-term rebound thesis as invalid and won’t stubbornly hold it.
The reason I’m willing to participate first is also simple:
CT currently has Binance’s own event driving attention, and trading activity is also sufficient, while the price has already pulled back from the highs for a while.
Rather than waiting until it rises back to 0.58 before deciding whether it’s worth joining, I’d prefer to take a spot now with a small position, and let the market decide whether to add the second entry.
The first trade is just the start.
After that, if it reaches 0.56–0.58, or if 0.48 breaks down, I’ll come back to update this trade.
$CT #交易竞赛