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MLN (Enzyme) 3x Margin trade

15 Mar 2024

Bought MLN in 3 different areas, using borrowed funds from Binance (Margin trading). Average entry price was around 17.50. Yesterday decided to sell, because it seemed BTC will suffer an strong decline, pulling all the altcoins with it. My decision was right and a decline occurred. Sold yesterday at 25.50 Profit approx. 45%, 3150 dollars . From that amount we can deduct the interest approx 200 dollars. MLN (Enzyme) is an very good DeFi project. In long term it is an very good investment . I think its possible to achieve 200 dollars price long term, if not more. Project is solid and there is a good foundation here for potential gains. The reason I sold is very simple. Its good to always take profits, especially when there is a risk of decline. You can always re enter even if the price should keep raising. We have to take what markets offers and move on. Good luck guys

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