Staring at my LINKUSDT short position down 35%, tonight taught me three things:
1. After it had already dropped so much, going in hard with 10x leverage was basically giving the market free money;
2. The funding rate is almost zero, neither bulls nor bears are in a hurry, but I’m the only one nervously twiddling my thumbs;
3. As long as I don’t close the position, I’m not the one who’s trapped—it’s the market that owes me.
At just over 9, are you planning to keep dumping it or turn around and buy the dip?
#LINK #BinanceSquare
1. After it had already dropped so much, going in hard with 10x leverage was basically giving the market free money;
2. The funding rate is almost zero, neither bulls nor bears are in a hurry, but I’m the only one nervously twiddling my thumbs;
3. As long as I don’t close the position, I’m not the one who’s trapped—it’s the market that owes me.
At just over 9, are you planning to keep dumping it or turn around and buy the dip?
#LINK #BinanceSquare