Binance just launched a new type of futures contract this morning. It tracks real stocks like Meituan and Kuaishou, settled in USDT, live 24 hours a day.
A perpetual contract is a bet on price that never expires. You never own the stock, you just trade its price move.
This links TradFi, meaning the old world of stocks and bonds, straight into crypto hours. Almost nobody covers this yet.
It only went live a few hours ago, so there is no real price history for a safe stop level. I am watching from the side today.
Where I do have a clean setup is
$LINK . Chainlink is up 4.8 percent today, trading near 8.69, while Bitcoin and Ether both sit red. Money is rotating into infrastructure names.
Buy Chainlink on a dip into 8.30 to 8.50. You can also add on a daily close above 8.90.
Invalidation is a daily close under 8.00. If that breaks, I am out, no questions.
Target 1 sits at 9.20. Target 2 sits at 9.80.
This is a swing trade over a few days, not hours. Size the trade so the stop only costs about 1 percent of your account.
#DeFi #Altcoins #MarketPullback
Notice: This is not financial advice. Do your own research before trading.