$BTCDOM What kind of token is this? Checking CoinMarketCap or Google doesn't show anything, yet I see people playing with it??? (It's only on Binance Futures, which is crazy)
$OM was rugpulled and dropped by 95% in value, seems to be related to that trash coin, because they both have the characters "OM" so the hypothesis that the code misidentifies it is quite high!
However, to rugpull it by 95% in value, only top exchanges could handle it, right?
Between physical assets and assets on electronic devices (bank accounts), there is a deadly intersection!
Suppose you have $10, when you deposit it in a bank, you will see a figure of $10 in your account!
Then the bank takes your $10 to lend it to a person A, so now both you and person A have $10 (while initially there was only $10)
In other words, the bank is a money printing machine, or when you deposit in the bank, the money you have has directly halved its inherent value!
* If person A continues to deposit this $10 in the bank, and the bank continues to lend $10 to person B, then there are now $30 circulating in the market while in reality there was only your initial $10!
- Use low capital + high leverage, just a slight price increase can result in a pnl of 100-500% compared to capital
- Long / Short on both sides, close the profitable order, only closed orders are saved in the order history, so when you open the order history, it's all winning orders
- Deposit more money to create fake growth: the account grows thanks to deposits, not because of profitable trades
- Use a demo account, (and the methods above can also be applied to demo)
- Use a fake app like Binance, you can get the data however you want
...
Moreover, there are some more sophisticated methods
For example, create 4 demo accounts, 2 accounts only long, 2 accounts only short => definitely 2 / 4 accounts will be profitable => 2 accounts x2 assets
Continue repeating the process to create an account with pnl 4 times the capital (400%)
$BTC If you don't place an order, you won't lose money. What to trade at this time? Wait for the price to drop significantly to accumulate spot, or stabilize with support and resistance, then we can trade again 😁
Currently, the whales have a lot of orders in the range of 81-83k; they have sold off most of their holdings at the price of 85k - 84k.
Currently, they have two options: - Continue to sell at the price of 84k and secure a profit of 1%. - Or push the price up, causing the short orders to be liquidated, and then sell at the range of 86k.
=> Be careful of the price range of 86k.
So what is the issue here?
Because when people open a long/short (isolate) position with leverage of x50, x100, if the price moves up or down by 1-2%, your position will be liquidated - and this liquidation area has been marked as shown in the chart below!
This inadvertently creates a tasty bait for the whales!
How to avoid this issue? Actually, it is very simple: 1. Use Cross + set stoploss - Cross will use your entire account to calculate the liquidation point, which is usually very far from the current price. - Stoploss is a trigger (taker) order - it is not in the order book, so no one will know how much liquidity needs to be liquidated.
2. Use Isolate more safely - ISOLATE is a mode that separates a portion of your assets, isolating it from your total assets, and will only use that isolated portion for collateral. - Use a maximum leverage of x10: the price will need to move at least 10% for your order to be liquidated (This means the liquidation point will be very far away - 10% is not a small number that every whale can manipulate).
$BTC If I hold long at this point, I will place it on the altar and pray The pump and dump model is very clear - Stage 1: Accumulation Within 4 days, the sharks accumulated at the price of 81-83k, continuously accumulating - Stage 2: Distribution On the 31st, there was a nasty price move, before pumping up to dump, the sharks killed all the long positions to lighten the boat
After the distribution was completed, they continued to accumulate again, and last night there was another long kill and then pumped up to dump (current price)
Currently, we are in the high price distribution zone of the whales, and it can't go up anymore! Unless there is some shocking news, extremely good for crypto!