Jiang Zhuoer, founder of LitecoinPool, said in a post on X that his trading style is better suited to calling tops and bottoms. He said his earlier short positions near $2,525 on ETH and $82,050 on BTC were relatively accurate. Still, he added that because his core holdings were fully allocated to spot ETH, he was unable to add leveraged long exposure when the market fell to lower levels. Looking ahead, Jiang said he would consider using smaller-cap tokens for future bottom-fishing trades and would keep each position to 5%-10% of capital. He cited BNC as an example, saying he bought near $4.5 on Sept. 10, close to the low of that round of declines, and that the price then continued to move higher.
Odaily reported that Jiang Zhuoer, founder of LitecoinPool, said in a post on X that his trading is better suited to calling market tops and bottoms. He said his earlier shorts near $2,525 on ETH and $82,050 on BTC were relatively accurate.
Jiang said that because his base position was fully allocated to spot ETH, he could not continue adding leveraged long positions when the market fell to lower levels. For future bottom-fishing trades, he said he would consider smaller tokens and participate with small positions of 5%-10% each time.
He also cited BNC as an example, saying he bought near $4.5 on Sept. 10. According to his post, that entry was close to the low of that round of declines, and the price then kept rising.
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