The third transaction made recently was on a CEX, slowly DCA'd some PNUT.
Reason:
🌟Narrative Direction
If there is another wave of CEX market in the crypto world, it is likely related to US policy. Trump is the most direct indicator, but the market cap and April unlock are very uncertain, still observing; PNUT's current market cap seems more suitable to carry this sentiment.
🌟Most Comprehensive Listing
The CEXs most used by retail investors in both China and the US are listed, with US retail investors using Coinbase and Robinhood, and Chinese retail investors using BN and OK.
If I remember correctly, it should be listed on these exchanges simultaneously, with the lowest market cap among the indicators.
🌟K-line
Currently looking at volume and price, it seems like an accumulation zone.
It also cannot be ruled out that there might be distribution at low levels, so wait for a breakout on the right side of this zone and then continue to increase positions.
Building positions within the exchange is purely betting on the direction of the market. Whether brothers follow or not depends on their own judgment of the market. I'm just recording the operation here.
As mentioned before, it's not about going all-in, but buying slowly over 1-2 months.
Trying to catch the bottom is impossible and meaningless.
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