🚨 BYDUSDT IS ALREADY ON BINANCE… AND WATCH OUT FOR THIS 👀
The new perpetual contract with $BYD has already started trading on Binance Futures.
📊 Right now it’s trading around 10.90 USDT 📈 24h High: 11.17 ⚡ Up to 20x leverage 🔄 Funding every 4 hours 🌎 24/7 trading
But what’s really interesting is what’s behind the contract.
BYD has been showing strong international expansion. In August it sold 440,293 vehicles, +17.8% year over year, while its exports continue to grow with real strength. 🌍🚗
The problem is China 🇨🇳:
Domestic sales are still weak and China’s auto market has been stacking months of declines. That means BYD is growing mainly thanks to its international expansion.
🔥 The question now is:
Will the market reward BYD’s international growth…
or punish China’s weakness?
BYDUSDT has just entered the market and could deliver VERY strong moves during the first few days.
⚠️ And be careful with 20x: a relatively small move against you can liquidate a highly leveraged position.
LONG 🟢 or SHORT 🔴 on BYDUSDT?
$BNB
#BYD #BYDUSDT #Binance #BinanceFutures #Trading #Crypto #EV #China #USDT
The new perpetual contract with $BYD has already started trading on Binance Futures.
📊 Right now it’s trading around 10.90 USDT 📈 24h High: 11.17 ⚡ Up to 20x leverage 🔄 Funding every 4 hours 🌎 24/7 trading
But what’s really interesting is what’s behind the contract.
BYD has been showing strong international expansion. In August it sold 440,293 vehicles, +17.8% year over year, while its exports continue to grow with real strength. 🌍🚗
The problem is China 🇨🇳:
Domestic sales are still weak and China’s auto market has been stacking months of declines. That means BYD is growing mainly thanks to its international expansion.
🔥 The question now is:
Will the market reward BYD’s international growth…
or punish China’s weakness?
BYDUSDT has just entered the market and could deliver VERY strong moves during the first few days.
⚠️ And be careful with 20x: a relatively small move against you can liquidate a highly leveraged position.
LONG 🟢 or SHORT 🔴 on BYDUSDT?
$BNB
#BYD #BYDUSDT #Binance #BinanceFutures #Trading #Crypto #EV #China #USDT
