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OhhNoMore
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Bearish
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Okay Dokie!! Shorting time on
$SPK
Use leverage less than 5 and good to go from here on!!
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#TradingSignals
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OhhNoMore
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was busy at office writing ML code and it has been since 30mins trading time with some assets popped up my algorithm!!! Not bad Not Bad $SAHARA and short swing worked well!!! Well this project looks little #BinanceHODLerSAHARA and it has more potential than $HOME $RESOLV etc I think this project looks more like MOVE or KAITO. But let's see either it is rekt or good HODLer
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In just simple terms the funding rate is Positive Value: Bullish Crowd Negative Value: Bearish Crowd What does this mean? Bearish Crowd is over selling than Spot Nd at one point they have to pay fees to stable the price. This means price is going down. Now, how much price it goes down depends on the negative value. Negative does not mean price goes down but there is more selling pressure. However, price moves up when Spot and longs brings volume!!! It is essential to understand the funding rate!!!
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I told you things theoretically and look at this Practical Trade as an example!! Follow more for such content!! My Grid Profit is equal to Funding Fees and I am getting 100 USDT as profit from Unrealized PnL. If the price goes up even little, unrealized PnL will be gone and on top these funding fees leads to actual loss!! that's why when you open Short Position, Funding fees and how long you keep your position against Spot difference matters a lot!! Not all fancy influencers tell this isn't it!! l #NEWTBinanceHODLer $NEWT
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Do you believe in such $SYRUP crap!! It is clearly a Fake Out!!! RSI on 90 for last few 4h candles and low volume is clear fake out metric!!! Unfortunately, many people buy it with thinking that it makes them billionaire!! Go for Short with 3-5x leverage and you will be fine for 20% drop
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📜🧾 Trading Wisdom 🧾📜 Are you sure you understand how long and short positions work on Binance? Don't just blindly open positions based on price movements! Let's break it down: Long Position: You buy at $2, and the price doubles to $4. With 100 USDT and 10x leverage, your profit would be 1000 USDT (in addition to your original 100 USDT margin). Short Position: You sell at $4, and the price drops to $2. But here's the catch: your profit would be 500 USDT, not 1000 USDT. Why the difference? If you're not aware of this asymmetry, you might be taking on more risk than you think. Make sure you understand the mechanics of long and short positions before trading with leverage! #NEWTBinanceHODLer #TradingTales
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