Binance will launch Trump Coin at 9 PM tonight, and we are ready to open long positions on contracts.
There is no doubt that, with the endorsement of former President Trump, this coin is likely to become a top 10 market cap cryptocurrency. After it goes live on other platforms, we have already opened long positions on them (see Image 1). Next, we just need to wait for Binance to go live at 9 PM tonight, and then we will also open long positions on Binance.
We anticipate the possible trading strategies and points as follows:
1. This coin will undoubtedly absorb liquidity from other cryptocurrencies, so risk avoidance is necessary;
2. It may rise until the day Trump officially takes office, after which the hype will likely diminish, so we recommend converting contracts to spot on the 21st;
3. Hold spot until it retraces 20% from the peak, sell half to secure profits;
4. Alternatively, you can gradually take profits based on a profit model, such as taking profits at a 50% increase.