$BR
Last night, Aicell plummeted. Just a personal afterthought, if several prices are stable, which one should we choose to trade? (For example, a few days ago, BR Aicell was stable, some people chose BR while others chose Aicell).
1. Choose one with good depth; the liquidity pool should ideally not be below 10 million USD. A deep pool is less likely to experience sudden drops in a matter of seconds. If the pool only has a few million USD, a large withdrawal can easily lead to a sudden halving of the coin price.
2. If there are contracts available, consider hedging. Most of the time, these coins are stable, and if there is volatility, it is usually either a sharp rise or a sharp drop. Set a stop-loss for hedge short positions; generally, a 3% rise is a good point to set the stop-loss.
3. Choose to trade between 8 a.m. and 7 p.m. Recently, the sharp drops have mostly occurred at night. We should try to avoid trading during this period.
Last night, Aicell plummeted. Just a personal afterthought, if several prices are stable, which one should we choose to trade? (For example, a few days ago, BR Aicell was stable, some people chose BR while others chose Aicell).
1. Choose one with good depth; the liquidity pool should ideally not be below 10 million USD. A deep pool is less likely to experience sudden drops in a matter of seconds. If the pool only has a few million USD, a large withdrawal can easily lead to a sudden halving of the coin price.
2. If there are contracts available, consider hedging. Most of the time, these coins are stable, and if there is volatility, it is usually either a sharp rise or a sharp drop. Set a stop-loss for hedge short positions; generally, a 3% rise is a good point to set the stop-loss.
3. Choose to trade between 8 a.m. and 7 p.m. Recently, the sharp drops have mostly occurred at night. We should try to avoid trading during this period.