+0.49 SOL ($50) on a coin that fell about 73% while I was in the position.
@MeteoraAG
2.15 SOL into BUTTPLUG-SOL. One very wide bid-ask, 4% to 81% below price, open overnight.
Went that wide because of the market cap. I entered around 280K and it went down to about 70K, so the range had to cover the whole move and it used almost all of it. The pool was tiny too, about $2.2K locked, so a big share of every swap fee came back to me.
On these very low caps I go wider. Aged or new they are the riskiest, so a wide bid-ask is the safest way in. A good print needs volatility, some volume, and knowing how much liquidity is already placed and where.
Most my sol was deployed when price was near the bottom to protect against larger losses which could have happend.