To show you, I opened a trade using only binance charts without using tradingview. I interpreted the sign resembling an inverted wedge as meaning that the price dropped in the 4-hour period but the buyers started to turn it around.
This was an entry point for me.
I wanted to show that something can be done with small amounts. Of course, the high leverage I use is quite risky. Even a 1% decrease in the normal price corresponds to a 50% decrease at 50x.
Here, first of all, you need to look at the bitcoin chart. If its movements are small candles and occur at certain intervals, it can be tried.
Secondly, when we look at our own chart, if the movements are minimal, your probability of instant liquidity decreases even more. Here, our graph is
Another important part is cross margin and isolate margin. cross margin uses the dollars in your futureM account, while isole margin uses only the dollars used for trading. If you open such a high leverage trade without stop loss, everything will disappear in a sudden drop. Of course, even if you use stop loss, in case of a sudden drop, only the order is triggered and as the price continues to fall, you will incur losses until the opposite transaction is found. Even if the estimated loss is -2 dollars, it could even be -50$ in a sudden drop.
So never go into the transaction with everything you have. Whether it is leveraged trading or spot trading, always have money on the sidelines for the possibility of the price falling or another chance. (there are currently ongoing wars and national tensions)
If you found it useful, support me, if you have questions, ask, if you don't like it, do your own research instead of wasting time lynching me.
