The new coin listing period finally yielded some gains—I've cashed out most of my $Brev positions. The whole process was quite nerve-wracking though. The Korean exchanges didn't sync up on the first day, and the price pulled back to around 0.31, nearly hitting my stop-loss level. Only after Upbit and Bithumb opened trading did the situation turn around, with the price reaching over 0.5 on Binance at its peak.
From the market's reaction, investors are being relatively cautious about new projects. Honestly, if I didn't have a solid understanding of the Brevis team's background and technical capabilities, from a pure short-term trading perspective, short strategies often generate better returns than long positions. New coins are volatile, but building consensus takes time. Going forward, I'm hoping to see more projects with solid fundamentals make it to market launch, so market confidence can gradually return.
The new coin listing period finally yielded some gains—I've cashed out most of my $Brev positions. The whole process was quite nerve-wracking though. The Korean exchanges didn't sync up on the first day, and the price pulled back to around 0.31, nearly hitting my stop-loss level. Only after Upbit and Bithumb opened trading did the situation turn around, with the price reaching over 0.5 on Binance at its peak.
From the market's reaction, investors are being relatively cautious about new projects. Honestly, if I didn't have a solid understanding of the Brevis team's background and technical capabilities, from a pure short-term trading perspective, short strategies often generate better returns than long positions. New coins are volatile, but building consensus takes time. Going forward, I'm hoping to see more projects with solid fundamentals make it to market launch, so market confidence can gradually return.