The trading activity of this coin has indeed been declining recently. The reason why the fees haven't caught up is not hard to understand — there are fewer people shorting, and trading enthusiasm is cooling down. Without enough trading volume to support it, the market makers lose their momentum and simply adopt a strategy of pushing the price up to absorb liquidity and attract retail investors to take the bait.
I just tried an order, and surprisingly only half of the 1000U order was filled, which clearly indicates the problem. The order book depth is obviously insufficient, and even slightly larger orders tend to cause noticeable movements. Instead of chasing the high, it's better to position in advance at lower levels.
I placed orders at 2.08, 2.18, and 2.28, planning to accumulate gradually. Today's trading strategy has also been simplified; I won't set stop-losses for now, just waiting for market feedback. Sometimes, the market is like this — patience is more valuable than impatience.
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Done
I just tried an order, and surprisingly only half of the 1000U order was filled, which clearly indicates the problem. The order book depth is obviously insufficient, and even slightly larger orders tend to cause noticeable movements. Instead of chasing the high, it's better to position in advance at lower levels.
I placed orders at 2.08, 2.18, and 2.28, planning to accumulate gradually. Today's trading strategy has also been simplified; I won't set stop-losses for now, just waiting for market feedback. Sometimes, the market is like this — patience is more valuable than impatience.