$CT It had been listed in futures for 5 days, so I opened a short.
I sold at 0.38118. New coins often decline during their first few weeks due to selling pressure.
Initial stop at 0.42312 (11.0% above). No TP: I use a trailing stop, which moves down with the low and closes the position if the price rebounds to it; 14 days is just the maximum.
The risk per trade is small, and I always respect the stop.
This is not financial advice. Do your own research and adjust your risk.
$CT #trading #futures
I sold at 0.38118. New coins often decline during their first few weeks due to selling pressure.
Initial stop at 0.42312 (11.0% above). No TP: I use a trailing stop, which moves down with the low and closes the position if the price rebounds to it; 14 days is just the maximum.
The risk per trade is small, and I always respect the stop.
This is not financial advice. Do your own research and adjust your risk.
$CT #trading #futures