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POCHITA 2113 保拉
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📊 EIDOUSDT: What’s behind this new futures contract? 🇮🇩
Today I’d like to share some information about EIDOUSDT, a contract available on Binance Futures that is linked to the iShares MSCI Indonesia ETF.
🔎 Where does it come from?
EIDO is an exchange-traded fund that aims to track an index of Indonesian companies’ stocks. It is managed by iShares, part of BlackRock, one of the world’s largest investment managers.
📈 What should we keep in mind?
🔹 It lets us trade futures using this ETF’s price as a reference.
🔹 On Binance, it is traded as a USDT-settled perpetual contract.
🔹 It can be traded both LONG and SHORT.
🔹 Leverage increases risk, so it’s essential to manage your capital carefully and use analytical tools.
📉 What do I see on the 4-hour chart?
In the screenshot I’m sharing, the price is at 10.86 USDT, up 2.36% over 24 hours.
After touching the 10.23 area, the price is showing a recovery. However, the 11.00–11.20 area will be important to watch to see whether buyers can maintain the upward pressure.
⚠️ A recovery does not guarantee that the price will continue to rise. It’s important to wait for confirmation, monitor volume, and manage risk before making decisions.
💬 Did you already know about EIDOUSDT, or is this your first time seeing it on Binance Futures? Let me know in the comments. Let’s keep learning together!
✨ Pochita2113 #BinanceSquareTalks
@0mega @jesustraderlux @Daniel Col @Rub-
Today I’d like to share some information about EIDOUSDT, a contract available on Binance Futures that is linked to the iShares MSCI Indonesia ETF.
🔎 Where does it come from?
EIDO is an exchange-traded fund that aims to track an index of Indonesian companies’ stocks. It is managed by iShares, part of BlackRock, one of the world’s largest investment managers.
📈 What should we keep in mind?
🔹 It lets us trade futures using this ETF’s price as a reference.
🔹 On Binance, it is traded as a USDT-settled perpetual contract.
🔹 It can be traded both LONG and SHORT.
🔹 Leverage increases risk, so it’s essential to manage your capital carefully and use analytical tools.
📉 What do I see on the 4-hour chart?
In the screenshot I’m sharing, the price is at 10.86 USDT, up 2.36% over 24 hours.
After touching the 10.23 area, the price is showing a recovery. However, the 11.00–11.20 area will be important to watch to see whether buyers can maintain the upward pressure.
⚠️ A recovery does not guarantee that the price will continue to rise. It’s important to wait for confirmation, monitor volume, and manage risk before making decisions.
💬 Did you already know about EIDOUSDT, or is this your first time seeing it on Binance Futures? Let me know in the comments. Let’s keep learning together!
✨ Pochita2113 #BinanceSquareTalks
@0mega @jesustraderlux @Daniel Col @Rub-
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.