Copy Trading Master’s Winning Strategies Review — Episode 43
Easy Follow, Smart Trade! Discover the winning strategies of our popular traders.
- Copy Trading Master’s Introduction
User Nickname: BlingBling~
Trader’s Profile: https://www.lbank.com/copy-trading/lead-trader?id=LBA3D77565
Trading Style: Swing Trading
2. Trade Operation Recap
Short PEPE with 10x leverage on cross mode, opening at 0.000016443 USDT, closing at 0.000014428 USDT, achieving a profit of +122.54%. As shown below:
3. Trade Review
3.1 Market Background
On May 20th, the U.S. Securities and Exchange Commission (SEC) requested exchanges to expedite updates to the 19b-4 filings. Following related rumors, Bloomberg ETF analysts Eric Balchunas and James Seyffart raised the approval probability for a Ethereum spot ETF from 25% to 75%.
Subsequently, Bloomberg Intelligence ETF analyst Eric Balchunas emphasized that the 75% probability was specifically for the 19b-4 approval by the May 23 deadline (VanEck’s deadline). The filing entity would still need S-1 approval, and it might take several weeks to months for the S-1 approval and the actual listing of the Ethereum ETF.
On May 24th, the SEC approved several 19b-4 forms for spot Ethereum ETFs, including those from BlackRock, Fidelity, and Grayscale. Despite approvals, trading could not commence until the S-1 registration statements became effective, with discussions on the S-1 forms just beginning.
On May 30th, revised data from the U.S. Department of Commerce showed the U.S. Q1 real GDP growth was adjusted to an annualized rate of 1.3% from the preliminary 1.6%, significantly slower than the previous quarter’s 3.4%.
This substantial downgrade in both GDP and PCE growth rates raised concerns about a U.S. economic slowdown.
3.2 Trade Analysis
From April 16th to June 4th, the Bitcoin 4-hour chart showed oscillations and a decline followed by a rapid rebound and high-level oscillations. See image below:
Following the SEC’s push on May 20th for faster updates to 19b-4 filings and the related speculation that boosted Ethereum’s chances for an ETF from 25% to 75%, Ethereum skyrocketed by 20% in one day.
The substantial downward revision of U.S. Q1 economic data on May 30th, combined with the approval of Ethereum spot ETFs, led to significant rises in memecoins on secondary markets.
On the daily chart, PEPE started a rally in April, with gains approaching 400%.
On May 29th, PEPE broke downward from its rising channel. After a continuous rise, PEPE faced a correction. With the pattern on smaller timeframes, a short position was opened for a swing trade, as shown below:
Subsequently, after a sharp decline, PEPE entered a period of triangular consolidation. Despite intermittent rebounds, the price did not strengthen further.
Entering June, with significant U.S. economic data due to be released and increased uncertainties, partial positions in PEPE were closed.
3.3 Winning Strategies Summary
Investors should be logic-driven, pursuing opportunities with certainty. Market opportunities are available everyday. Certainty brings a premium, uncertainty a discount. Strictly speaking, investment and uncertainty always go hand in hand; uncertainty is the essence of investment.
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