There should be one last dance from $BTC to 90k to 94k after retracing to 71k level then majoe drop to 50k range.
you need consider what is next move than buying any coin in this moment.
yes there should be relieve rally for every coin and yes if you take any shit coin and start to short it, the market will blow your margin with higher high, longest wick or just 2% negative funding to burn your future wallet.
take a moment, sip your coffee and wait till BTC going lower low or Trump making any positive regulation
stay Gold and Usdt for a while and spend more time with your loving family. Happy Eid$BTC
all meme coin drop significanly, so many trader trapped and forced to sell at lost.
but....
if you love meme such as $DOGE , $FLOKI and so on... its a grrat time to buy and hold until next bullish moment or just long 20x with very small margin (5~10$)
For example this QTUM very bullish movement and make a price gap between spot and future price.
This gap give trader bad consequences, many trader will try to short QTUM right away because the sudden change of price, but what happen next?
short trader will trapped on volatile price because market maker make another green candle either make short trader liauidated, hit stop loss or worst scenario trapped.
last scenario you force to hold high floating loss and need to pay high negative funding.
negative funding = short pay long trader positive funding = long pay short trader
you get maximum 3% funding every time interval 2/4/8 hourly
example roughly you short QTUM with 100$ margin , 20x leverage. which your margin became 2000$
$HIVE There is gap between HIVE spot price and perpentual (Future) thats why the funding is very high.
The market maker aim noobs trader in difficult situation which is your position in loss when you short HIVE on perpentual future trade.
the maker decide the time interval beetween funding rate, example every 8 hours, 4 hours, 3 hours, even 2 hours that will liquidated your future wallet.
better just stay away from coin that has negative funding rate, even after a weeks you get 500% gain shorting, you just losing more money than your profit.
believe or not even pro trader avoid high funding trade
i believe in coming day XRP would hit around 3$, it would be very late if you buy XRP right now.
If bitcoin corrected, the markwt will force you to sell this coin, its better to wait XRP to 3.5% and start to short this.
secondly SAND would make wave 3 after corrected, we should wait next correction and if SAND hit 0.52$ would be good time to long or accumulate this coin.$XRP
1) selling book of secret of trading 2) posting huge gain, big fat wallet. 3) selling classes or signal 4) or a female that need knight on shining armor, damsell in the distress...and so on.
If you met one from above I need you to promise me that you will run as fast as you can, because your wallet will be compromise. And that little LADY called female online could be a male with bigger duck.
Jasmy will make ATH riding the fift wave from elliot wave perspective.
JASMY market very well spread till 0.03$, and daily open candle higher without lower tail.
Last week ethereum ETF drama getting approval, which is I believe will boosting the market to new high at least BTC will reclaim 76k$ and ETH 4.8k$.
This is very bullish setup, dont make mistake just like you follow other trader shorting $BB from 0.67$ or worst from 0.5$ , funny as hell hahaha.
Short JASMY Entry >0.03$ Leverage 20x Margin : small (1~2.5$)
The key is let JASMY making long wick to the upside on 5 minute chart, focus moving average and stop following RSI, even it overbought this coin will going up.
Why do we not long this coin if its very bullish? B-e-c-a-u-s-e On its way making higher price level this kind token very very fluctuate, they will leave you on red/loss, make you impatient and worry of liquidation or even trap you for few hour of days of consolidation. This kind of things will provoke you to sell at loss or making stupid DCA or paying more fee with funding.
A month a go is TRB pump A weeks a go is meme coin pump Yesterday PEOPLE , a dying project suddenly pump and liquidate most who short it.
This kind of things is very common on crypto, so for those who new trader better leave out this kind of trend.
1) if you go long, this kind of coin will retrace as much just to liquidate you or hit stop loss then suddenly going up with big green candle.
2)if you go short, this kind of coin will going no where, just making very small candle up and down just like calm water then suddenly keep making HH to trap your short alas liquidated you too.
Ok, here's the deal with $BB , there pretty much sell order at 1$ on spot trading, better you start shorting this coin from there with small margin and small leverage but be carefull with negative funding.
If negative funding -2% better not short or they will burn your wallet, that 2% for every 4 to 8 hour 🥲
If you go short with negative funding Binance will take 40$ per 4 hour or 8 hour its depends on how big the difference between spot price and future/option price.
If you keep open trade for 1 day, they charge you 240$ per day.