TeeWildRift(@TeeWildRift)'s insights

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Buy long on the peak? Bad idea

James06Noah

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#LAYER/USDT
🔥 Follow My Account 🔥👈
Entry : 2.229521 - 2.209878
🎯Targets :
🎯 2.245019
🎯 2.291651
🎯 2.338283
🎯 2.384916

🛑 Stop : 2.091571

Leverage : 10x (isolated)

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TeeWildRift

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$XLM current price 0.284, medium open interest, long positions 60.11%. It would drop a bit then you can buy long at lower price. Entry: 0.275-0.278 Target: 0.294-0.3 Leverage: x5-x8 SL: 0.26

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#Copytrading you guys already know how to use this on Binance, right? Don't look at on leader's profit, lets look at Copiers PnL. When you start copy trading from a leader, you must check his/her PnL, Copiers PnL, AUM and win rate. Another information I think is history of position. Few days ago I read on some group chats. There are some leaders sell short lower price, buy long higher price, and led to liquidation. It doesn't matter if they are professional and responsible for each position and take care copiers. But look like they want you lose all money. 👉 An important setting in copy trading is LOCK UP period, if you invest into a portfolio with lock up period 15 days, that mean you CAN'T STOP COPYING, all your capial will be held in 15 days. It's very risky because you don't know when they open a position and continue lose money. 👉 Some leaders open more positions that can be out of control when market dump (but position for long) or market pump (position for short) 👉 Another case, when a position is going to liquidation, leader add more money into their portfolio, but copiers doesn't have money to add more. The notification from email looks lately when we know it. You know what I mean right? If you intend to use copy trading, should use 1/10 or 1/5 your capital. Lets trade safe! If you are looking for responsible leader, you must spend time to research. Trade safe, trade smart! #Binance #trader $SUI $BTC $ETH

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$LAYER current price 2.709, very high open interests, high short positions 64%. It's hard to say it goes up or down if you see the 15 mins chart. For myself, it continue going up, but don't buy long. Lets sell short at same previous peak. Entry: 2.9 - 2.95, keep an eye the volume, if it is too much, just wait to catch higher peak Target: 2.6 - 2.5 - 2.4 Leverage: x5 SL: -100% ROI (3.2) Good luck!

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}Buy long on the peak? Bad idea

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Buy long on the peak? Bad idea