A friend asked how this trade was going. I said going short at 10x leverage felt like squeezing onto a subway—everyone was heading down, while I was pushing my way up against the crowd. I’m now up by more than half, but my palms are still sweating.
My family asked if I wasn’t worried about the funding rate being positive like that. I said it’s 0.028%—the longs are lining up to pay the parking fee. When there are this many people on one side, but no change of hands, I reckon it’s run out of steam.
The current price is still a little way from that line below.
Did you enter this short around 0.033, or chase it above 0.036?
#AGT #Binance Square
My family asked if I wasn’t worried about the funding rate being positive like that. I said it’s 0.028%—the longs are lining up to pay the parking fee. When there are this many people on one side, but no change of hands, I reckon it’s run out of steam.
The current price is still a little way from that line below.
Did you enter this short around 0.033, or chase it above 0.036?
#AGT #Binance Square