Just an #idea someone should create a token based on all the recent memecoins and name it $ZOO. The token rises and falls based on the top animal coins from each category. 1 dog coin, 1 cat coin, GOAT, COW $PEPE
Many people can't control their emotions when it comes to #FuturesTrading They want to add to their position when they're down abit. Then they quickly run out of money to average down and gets liquidated.
Open with 2% position and don't go more than 5-7%. This means you can average down at least 3 times. Also don't average down too early.
For me I love to use 20x leverage. I usually average down at 35% red
$SOL Has weak volume and momentum. 1 week liquidation map shows lots of liquidations will trigger if it drops to 143 level.
The lower Bollinger band is at 130+ which means there's a possibility it will drop down to that level and also the Boll band is not narrowing to show the price may breakout
I have seen so many posts and comments in the Binance Square about people getting liquidated from $NEIRO $REEF $ARK $TURBO Its sad that people are being reckless with their hard earned money.
Why are you so desperate for profits and use such high leverage and open such big positions? Do you think the market makers would easily give you free money?
Be careful with your trades and take every trade as your last trade. Make it count and do not be reckless. I would be happy to answer any questions in the comments
Is this good winrate for you? Would you want his kind of performance for your trades?$BTC $PEPE #BTCBreaks66K
I will list out a few of my rules I used to achieve this performance.
1. Do not over leverage. I mostly use only 20x or 25x
2. Keep each position to maximum 5-7% of portfolio. If you have 100 usdt, maximum for each position is 7 usdt.
3. Don't enter full portfolio at once. Start with 2% first then 3%. Also only add to your position after you are down more than 1.2% un-leveraged. Don't add too early.
4. Don't be greedy. You can TP at 1-2% un-leveraged which is the easy range of most crypto recently
5. Overall Margin ratio should not be more than 3%
On the previous post, bearish bias has been confirmed and the price moved down. However $BTC CME gap at 39600 has not been filled.
Now we have another gap opened higher at 44,800, which was also predicted in my previous post
I still do feel that market may come down to fill the lower gap in the following days. If you're in longs, do be careful to not overleverage or over position
BTC dominance has come down quite alot and many alts have flown high. If you're trading alts, do keep in mind to watch for BTC dominance.
As I write this post, the trading week is well into Thursday 1:30pm NY session. in another 27 hours, traditional markets will close for the weekend.
Why this matters? As traditional markets and banks close, it is harder for liquidity to enter the market. With lesser liquidity, price movements over the weekend tend to be more erratic and more unpredictable.
We have a CME gap at around 39600 for $BTC Whether this gap will be filled before the weekend? If the gap is not to be filled, a new gap may be formed around 44,500-45500 area which serves as the new support for Bitcoin.
Currently bearish Biased until the gap is filled or new gap is opened