Can you survive with a 90% liquidation rate? These 5 tips are your contract lifeline!
The liquidation rate in the crypto trading circle is 90%! Doesn't that make your heart race? Yet, some people manage to escape unscathed from the edge of the knife, and it’s not just luck; it’s solid survival rules!
Don’t touch non-mainstream coins!
Hard currencies like #BTC and #ETH are the real deal. Those pump-and-dump coins can make you question your existence, and when liquidity is poor and you want to run? Forget about it!
Don’t leverage more than 5 times! Each time, only use less than 10% of your principal for testing the waters. Heavy positions? Liquidation warnings will teach you a lesson in no time! Light positions are the way to go, right?
Follow the trend and enjoy the gains! Is the 4-hour K-line moving average in a bullish arrangement? Go long decisively! Quick in and out within the day, holding onto a position? Not an option! If the trend is against you, withdraw immediately, faster than a rabbit!
Set stop-loss and take-profit orders in advance! When opening a position, set a ±3% stop-loss line, and run when you’ve made 5%. Greed? That’s a recipe for liquidation disaster!
Keep an eye on major events! The Federal Reserve's interest rate hikes, Bitcoin halving, and sudden changes in contract positions—aren’t these all signals for explosive price movements?
Feeling a chill after reading this? If you can learn just one of these tricks, you won’t be cut down in the contract market!
Easily recover losses, double your gains, follow Brother Hang closely, and set up in advance to earn passive income!