Yesterday, that order got hit with slippage costing me nearly two points. I saw the K-line clearly hit the target level, but the actual fill was off by a chunk. When I checked the depth chart afterward, I realized the order book was as thin as paper at the time, and I placed the order too hastily—basically throwing money into thin air.



I used to think slippage was just the exchange ripping me off, but now I see it was really my own failure to check liquidity distribution. In simple terms, when depth is insufficient, even the best opportunity calls for waiting—or splitting the order and chipping away slowly.

Lately, Memecoins have been heating up. People in the group are posting screenshots of 10x gains, and others are showing blown accounts. I keep reminding myself: when a celebrity shills, the order book depth is often quietly deteriorating. What looks like an opportunity to you might be someone else's exit liquidity.

What I learned this time isn't a technique—it's one more moment of hesitation over whether I should pull the trigger right now.
MEME-0.15%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned