It is not advisable to enter future orders at this time, accumulating spot is even less advisable. Why? Currently, the correction wave has not yet ended; after last night's sharp price drop, a large number of long orders were liquidated, which means an equivalent number of short orders must be opened to fill the liquidity gap. The more short orders there are, the higher the price will rise.
The short side is quite crowded after the drop last night, the most noticeable point is the negative funding fee. And because of the large number of short orders opened and the price recovering, this is just a wave of recovery after the long side got liquidated; in reality, the major correction wave has not yet been completed.
Therefore, it is not advisable to enter orders at this time; be patient and wait. And remember, waiting is also a form of action. Keeping money is harder than making money; don’t be greedy to enter orders, opportunities are always present in this market, stay alert and don’t fall into traps at this moment!
Ending May and starting June hopefully bright! Advice for those involved in futures is - Control your psychology well - Ensure capital preservation (do not risk more than 10% of your account) - Enter trades with clear targets - Don’t get too greedy with too many trades. - Find a trading method that suits yourself. - Those selling courses, showing huge pnl of 98% are just luring in newbies for referrals and commissions. - Don’t trust anyone who intends to teach you. Advising and sharing experiences is fine.
In reality, trading is really hard to give up, GameFi is in a terrible state, so I have to return to trading. After many ups and downs, I still managed to keep a calm mindset while trading.
It looks good, but who knows, in just one impulsive minute of greed, it could all be gone. Therefore, if you have chosen this path, brothers, try to stay strong mentally and 100% do not be greedy! Stop when you reach your target. I hope I can keep up as well...