In this journal, we will share the insights, experiences, and lessons we’ve gained in the trading world on our Coinwire Crypto Trading Community. We trust that our reflections will offer valuable guidance for your own trading endeavors.

Trading Period: 4 Nov – 10 Nov

In this week, the excitement was palpable as the market experienced a strong rally! Many coins reached new all-time highs, with Bitcoin nearly touching $85,000 and Ethereum hitting $3,300. Additionally, the $SUI ecosystem and meme coins like $DOGE surged significantly, setting new ATHs. Based on previous cycles, meme coins often spike first, pulling in fresh capital and new users before the market fully enters an uptrend.

I focused primarily on LONG signals, with my biggest win on $SUI, securing a 340% profit. However, the market’s high volatility led to market makers liquidating both long and short positions. This heavy liquidation peaked on November 10, marking my largest loss of the week. Despite this, I ended the week with an overall profit of around 17%.

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Key Trades

1. SUI (SUI/USDT) – LONG

Last week’s biggest win? I scored a 340% profit on $SUI!

Curious why I went LONG on $SUI and achieved this big win? Let me walk you through the exact strategy I used.

Here’s how I found the opportunity:

  • Velodata.app (just my personal experience, not an endorsement):
  • Go to the “Market” section
  • Select “Top Volume” or “Large/Mid Cap”
  • Watch for sudden spikes in Sector Performance, Open Interest (OI), and Price

Check OI-Normalized CVD to gauge market buying and price momentum.

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I checked the larger time frames, like H4, and saw $SUI had top buying pressure.

Then I reviewed the $SUI chart on TradingView, where it was approaching a breakout at weekly resistance. Confident in the setup, I went LONG on $SUI with 15x leverage—resulting in a 340% gain within a day!

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2. Banana, ZK & ZRO/USDT – LONG

This weekend marked my three worst trades ever. The culprit? A highly volatile market that wiped out both Long and Short positions. I was using 15x leverage, which led to these trades being liquidated.

The key takeaway here is that even in an uptrend, caution is crucial. The market is unpredictable and can throw unexpected swings our way. Always stay prepared and never underestimate the power of volatility.

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