The Binance Alpha trading competition Xter has ended. For those who received rewards, find a way to short contracts (1x) to break even; otherwise, if you have 100 USDT now, by the time you get your hands on it, you might only have thirty or forty USDT left.
❗️❗️ It is recommended to short contracts on some new coins or coins with low liquidity.
❗️❗️ For old coins, you can choose not to short, or wait until the day of distribution to short, focusing on a short-term strategy.
For example, before receiving rewards for SHADOW on the Sonic chain, the token might be worth 70 USDT. If the token drops to 30 USDT, and you short the contract at 1x, the profit you gain from shorting will approximately equal the loss from the drop in token price. This achieves a break-even point.
✅✅✅ Summary
For those who received rewards from the trading competition, if the token distribution time is relatively long and the token liquidity is poor, consider shorting a contract to protect your current profits and prevent losses due to declining token prices!!!
#BinanceAlpha $xter
This does not constitute investment advice, contracts are high risk, please choose wisely.
