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Katiar
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$ETH
It will drop to 2400 again soon. It looks like fake rise.
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$REEF Heavy buying is starting and funding rate is -0.5% This is very tough time for short traders. Funding rate will be at -1.5 at rate end time and expect to hit again -3
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Today I will share some important points for futures trading. Lets suppose we have $100 1. We only take leverage maximum to 5x to 6x. Avoid more than 6x 2. Take margin not enough $1 means at 6x we can trade any coin with $6 quantity with investing $1 3. Stop loss must be at just below support levels. 4. If coin is stable like Btc eth, average your trade. If you long on eth and eth is at 2400 and it drops to 2200, long again it at 2200, your average price will be 2300 from 2400 and close your half trade at 2310. It will make you in profits. Please do in stable coins only. 5. When funding rate is increasing negatively take long position and when increasing positively take short. Before ending funding rate time close trade because it will sudden goes opposite to you after rate time ends. 6. Set trailing stop order of 1 on your open positions at level of 1.5% or 2% atleast. It will increase more profit chances instead of TP. For example you are long at a coin with $100 price, set trailing stop order at 102, when it activates and coin goes up as much as you will get profit. 7. Set profit target like 1% daily or 5% weekly, When you achieve it. Dont trade more. 8. Dont trade when you have other tasks in mind and dont in stress. 9. If you hit stop loss, dont trade in same coin immediately. Take a break of 30 minutes before next trade in same or other coin. Dont trade when you hit 2 stop losses consecutively in same day. 10. If trading is disturbing your sleep, office work, family and social life. Dont trade on daily base. Stake stable coins or use dollar average cost method in spot trading. $BTC $ETH $SOL 10.
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$REEF Funding rate is increasing negatively. At rate end time it will be -1 to -1.5. This will hit all short positions havely.
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$REEF Ask screenshot of trades who is saying short. All are at long. It will again Cross 0.01.
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$REEF Started rising again now. It is at 0.00418 will hit 0.005, 0.006 and 0.007 soon.
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