If you chase the rise, it will fall; if you sell it, it will rise

It seems that you will lose money no matter how you play it, and you will die if you go short or long

How should this contract be played?

The fundamental reasons are nothing more than two points

1. Mentality: Once you buy it and get trapped, you panic. Obviously, the direction you opened is not wrong, but you panic when there is a small correction. You are worried that you will be trapped more and more, so you will immediately sell at a loss and leave. This repeats over and over again, and the principal is getting less and less

2. The principal is small, and the position is large. You are afraid of missing the opportunity to get on the train. You can't bear a small correction and can only end up with a liquidation

When playing contracts, only open some mainstream coins, such as Bitcoin and Ethereum. Open a small position at the beginning, make a plan, and cover the position according to the situation. Don't chase the rise and sell the fall. It's better to miss it than to make a mistake. Because there are many opportunities

If you play with some volatile copycats, it is best to set a stop loss. There may be no bottom when the price drops, and it is unreasonable to pull up the market. You can blow up your short position in minutes

In short, mentality and strategy are very important. People with a bad mentality should not play contracts. The final result will only end in a liquidation$ELF $SOL $BTC #美国6月非农数据高于预期 #德国政府转移比特币 #币安合约锦标赛 #Mt.Gox将启动偿还计划 #美联储何时降息？