I gone Long #AGLD 10x. FUTURES Tutorial. Cross Margin.
1. $AGLD spent 7 days testing 0.968 support(reformed it 20 days ago) and 50 ema which converged and formed a confluence of support( where 2 support levels intersect).
2. So we KNOW a coin holding support will test resistance(red labels), so we know we definitely will get 11%
You enter the coin now , where do you place your stop loss?
It has be under 0.968, so if your stop is 0.99, You can be stopped out. WHY? Because it within the band the coin has been trading in for the last 20 days. Stop should always be under MAJOR support and the best ENTRY is support.
So when you go 50x with 1.11 stop loss, You are gambling and then when yo ass get liquidated. Your mood get`s sad and lowsy and you are telling everyone "Oh God, Binance futures so risky"
Think about it.
