A powerful dollar makes me earn more than 20, and of course I think a thousand times about why I didn’t enter with 5, with 10, or with 100, but here there’s no room for regret. The important part is the victory behind it.
Even though it’s true that $LSK is a coin that in the last few days had a volatile and dangerous behavior, it’s also clear that after such a violent pump, the price had to go down, and once it was down, many people would be expecting a new bullish move. But the buying power was already exhausted, and the price is deflating.
Could the price bounce? Sure, it could. But in my opinion, what I’d expect is a drop deep down—0.30 would be a middle point, but I’d say even lower if we give it some time, maybe a nice 0.10. Still, I already have a Stop Loss set at 0.57424, which guarantees me about 15 dollars if the price has an aggressive rebound.
Another important thing is that the funding rate is negative, so as time goes by I’m paying to hold the position, but so far it has only charged me one batch of dollars, so the profit is already secured.
If you want to learn, I invite you to be part of our community. Check the profile of @AthenaLynx and you’ll find the post “Futures from a dollar for Beginners,” so you have access to a lot of high-quality information about this market.
And don’t forget to join our lives—every day here at #Binance so we keep learning together 🔥🤍🔥
#LegionKiuTrades
#KiuTradesAcademy
Even though it’s true that $LSK is a coin that in the last few days had a volatile and dangerous behavior, it’s also clear that after such a violent pump, the price had to go down, and once it was down, many people would be expecting a new bullish move. But the buying power was already exhausted, and the price is deflating.
Could the price bounce? Sure, it could. But in my opinion, what I’d expect is a drop deep down—0.30 would be a middle point, but I’d say even lower if we give it some time, maybe a nice 0.10. Still, I already have a Stop Loss set at 0.57424, which guarantees me about 15 dollars if the price has an aggressive rebound.
Another important thing is that the funding rate is negative, so as time goes by I’m paying to hold the position, but so far it has only charged me one batch of dollars, so the profit is already secured.
If you want to learn, I invite you to be part of our community. Check the profile of @AthenaLynx and you’ll find the post “Futures from a dollar for Beginners,” so you have access to a lot of high-quality information about this market.
And don’t forget to join our lives—every day here at #Binance so we keep learning together 🔥🤍🔥
#LegionKiuTrades
#KiuTradesAcademy
