$LAYER current price 1.737, high open interests now, long positions 64%, it is understandable. It might drop a bit before reversal.
I bought long at 2.2 yesterday with 1/3 number of coins I want to buy because I was unsure it will rise or fall.
The purpose was for:
- When it drops 1.7, I will DCA 2/3 of remaining, and if it drops at 1.2, I will DCA again same margin of 3/3.
- Main purpose is still earning funding fee. My entry after first DCA is now 1.87, ROI -66% but earned fee 90% ROI, that mean I still have profit.
I feel safe when buy lon though it might continue drop, but no worry. It would rises for sure