I'll be patient with BTC. If it rises to 87,500, I'll start building a short position; if it drops below 77,000, I'll start building a long position. I'll use 4x leverage so I can sleep like a baby 👶 and start with 15% of my capital.
As the price moves against me, either up or down, I'll average in. I assure you that sooner or later, we'll win this round with good profits.
When entering a long position with 4x leverage, the liquidation price would be at this cycle's lows. It's very unlikely we'll see a new low, but if it happens, averaging down is the best option to avoid liquidation.
77,000 - 25% = approximately 57,700 (without averaging in or adding margin)
With a short position, the price would be above 100k—the psychological barrier everyone is trying to break, which I honestly don't think will be broken this year. Plus, averaging in as the price rises will give me a much better entry price to profit from the correction.
87,500 + 25% = approximately 109,000 (without averaging in or adding margin)
Which will come first: 77k or 87.5k? 🤔
This isn't investment advice, but if anyone wants to do the same as me, go for it 🍀✌🏻
As the price moves against me, either up or down, I'll average in. I assure you that sooner or later, we'll win this round with good profits.
When entering a long position with 4x leverage, the liquidation price would be at this cycle's lows. It's very unlikely we'll see a new low, but if it happens, averaging down is the best option to avoid liquidation.
77,000 - 25% = approximately 57,700 (without averaging in or adding margin)
With a short position, the price would be above 100k—the psychological barrier everyone is trying to break, which I honestly don't think will be broken this year. Plus, averaging in as the price rises will give me a much better entry price to profit from the correction.
87,500 + 25% = approximately 109,000 (without averaging in or adding margin)
Which will come first: 77k or 87.5k? 🤔
This isn't investment advice, but if anyone wants to do the same as me, go for it 🍀✌🏻