I've started trading my #Altcoin portfolio!
The reason for that is that, finally, we see movements and a complete market regime switch in the altcoin markets.
Bitcoin consolidates, and that means we're starting to see momentum in specific altcoins.
That's great, but it doesn't mean we're going to see massive moves of 1000%+ in the coming weeks.
It does mean that we're seeing some trading possibilities.
Within my altcoin portfolio, I've got positions in the following assets.
Larger protocols:
- $OP
- $TAO
- $NEAR
- $SEI
- $EIGEN
Of which NEAR and TAO consist of more than 55% of my entire portfolio, which I'll keep like this for now.
Smaller protocols:
- $PEAQ
- $REZ
- $AEVO
- $WOO
- $W
In that latter category, I'd prefer to start trading a little more aggressively to generate an additional return.
That's why I've started trading my portfolio.
These are my actions:
- I've sold $500 in PEAQ at $0.035.
The price of PEAQ has doubled, which means there's still a lot of upside to come and a clear trend switch, but on the daily and 3-Day timeframes, it has become slightly overextended.
Happy to take a small portion of the table and rotate that towards other assets.
- I've added $500 in $REZ at $0.0482.
I sold a portion earlier at $0.07 on this one, as I thought it had become slightly overextended. This time, it's on an entry zone again, and I'm happily adding dollars back into this position.
- I've added $1,000 in $W at $0.0128.
I do have cash available, only $3,000 in the portfolio, and I'd love to build a larger cash position for strong opportunities in the markets (flash crashes or whatever). For now, I've added $1,000 of that cash to the Wormhole position, as I think the entire market will wake up, and this one is acting on strong support and is ready to move higher in the coming weeks.
I'll be trading the portfolio actively in the coming period, as the largest position in my portfolio has also started waking up, and there's another DCA moment coming in on the 1st of June.
