Tonight, $SIGN new currency is listed on Binance, and the alpha score meets the airdrop threshold, so I took part in the airdrop. I am also continuously monitoring the price of sign. To be honest, I sold at a low point, securing 100U.
Later, the price surged, and I felt regret for selling too early. Suddenly, I thought of pre-market trading, so I went to a certain platform to buy sign in the pre-market. At that time, the price of sign on Binance was around 0.08, while the pre-market trading was at 0.049. I tried to buy a few times unsuccessfully, as someone was continuously buying. Finally, I increased my cost and bought some at 0.054.
Regarding the issue of risk, I believe the risk is quite low. The end time for pre-market trading on that platform is 6:30, while the spot market opens at 7:00, and the on-chain price can serve as a reference. Moreover, during this time, profits can be hedged through contract short positions.
For example: with a spot price of $0.08 for sign, I bought 2000 pieces at $0.05 in the pre-market, costing 100U, theoretically yielding a profit of 60U. At this point, by using a low leverage contract to short sign, regardless of whether the price continues to fall or rise, the profit is already secured.
If there are any questions, I hope everyone can communicate and provide guidance in the comments section.
