1. Initial Analysis
Pair: ORDI/USDC
Position: Long (Buy) at 5x leverage
Entry price: 10.456000
Current performance: 0.0% (the price has not changed since entry)
Context: You are trading in a perpetual futures market, which is highly volatile and risky due to leverage.
2. Trading Strategy
Focus: Scalping Strategy with Risk Management (given the volatility of futures and leverage).
a) Define Profit Targets (Take Profit)
First target: Aim for a move of 2-3% in your favor. If the price rises from 10.456000 to 10.769680 (3% gain), consider taking partial profits (for example, closing 50% of the position).
With 5x leverage, a 3% price move equates to a 15% gain on your invested capital.
Second target: If the price continues to rise, aim for 5% (10.978800) to close the rest of the position.
b) Set a Stop Loss
Stop Loss: Set a stop loss to limit losses. Given the 5x leverage, a 2% move against you (to 10.246880) would mean a 10% loss of your capital. Set the stop loss at 10.246880 to keep risk controlled.
This ensures that you do not lose more than you are willing to risk.
c) Position Management
Position size: Ensure that the size of your position is appropriate for your capital. With 5x leverage, you only need 20% of the total position value as margin, but losses are amplified. Never risk more than 1-2% of your total capital in a single trade.
Dynamic adjustment: If the price rises by 1% (to 10.560560), move your stop loss to the entry point (10.456000) to protect your capital and trade without risk.
d) Technical Indicators (Suggested)
RSI (Relative Strength Index): If the #RSI is above 70, the asset may be overbought (potential sell). If it is below 30, it may be oversold (maintain the long position).
Moving Averages: Use a simple moving average (SMA) of 20 and 50 periods. If the #SMA of 20 crosses above that of 50, it is a bullish signal to hold the position. If it crosses below, consider exiting.
Supports and Resistances: Identify key levels near 10.456000. A support could be at 10.246880 (2% down), and a resistance at 10.769680 (3% up).
e) Monitoring and Exit
Time: The #scalping in perpetual futures requires constant monitoring. Do not leave the position open for more than a few hours without supervision, as volatility can liquidate you.
Funding Rate: In perpetual futures, check the funding rate. If it is positive and high, it will cost you more to maintain the long position. If it is negative, it will benefit you.
3. Risk Management
Leverage carefully: 5x is relatively high. If you are not comfortable, reduce the leverage to 3x to decrease the risk of liquidation.
Capital at risk: Do not invest more than 1-2% of your total capital in this trade.
Liquidation: Calculate the approximate liquidation price. With 5x leverage, a 20% move against you (to 8.364800) could liquidate your position, depending on Binance's rules and your margin.
4. Alternative Scenario
If the #mercado turns bearish (the price falls below 10.246880), consider:
Close the position and wait for a better entry.
Switch to a short position if you identify a confirmed downward trend, with a stop loss adjusted above the last high.
5. Final Recommendations
Avoid emotions: Strictly follow your trading plan. Do not let fear or greed steer you off course.
Education: If you are new to futures, practice first with a demo account on Binance.
This strategy is designed to be simple and effective in a perpetual futures environment, but always trade cautiously due to leverage.
Disclaimer: #AnfeliaInvestment is not a financial adviser; please consult one. Don't share information that can identify you.