Last night I made a big mistake, so I’ll review it myself: it’s not that I was wrong about the direction, but I was too hasty with my order + didn’t check the depth. I only glanced at the slippage, and as a result, the pool was ridiculously thin, I placed an order and got eaten up at the next level, with the average transaction price worse than I expected… Basically, I was using a “market mentality” to trade in a “liquidity-scarce” market.

Thinking back, I could have split the orders, slowed down the pace, or simply waited a few minutes until the trading volume came back before acting. Recently, the staking unlocks and token unlock calendar have been repeatedly mentioned, everyone’s anxious about selling pressure, but I actually prefer to watch the depth changes of the trading pairs — it’s more reliable than just looking at sentiment posts.

There are many tutorials out there, but I usually only look at those with order book screenshots or on-chain transaction details, at least so I can verify and cross-check. That’s it for now, I won’t be so quick to act next time.