A powerful dollar makes me earn more than 20, and of course I think a thousand times about why I didn’t enter with 5, with 10, or with 100, but there’s no room for regret here. The important part is the victory that’s behind it.
Even though it’s true that $LSK is a coin that in the last few days had a volatile and dangerous behavior, it’s also clear that after such a violent Pump, the price had to drop, and once it was down, many people would be expecting a new bullish move—but the buying power was already exhausted and the price is deflating.
Could the price bounce? Of course it could. But in my opinion, what I would expect is a drop to the depths; 0.30 would be a middle point, but I’d say even lower if we give it some time—a nice 0.10, maybe. Even so, I already have a Stop Loss set at 0.57424, which ensures about $15 if the price had an aggressive rebound.
Another important thing is that the funding rate is negative, so as time passes I’m paying to hold the position, but so far it has only charged me a couple of dollars, so the profit is already secured.
If you want to learn, I invite you to be part of our community. Take a look at the profile of @AthenaLynx and you’ll find the post “Futures from a dollar for Beginners,” so you’ll have access to a lot of high-quality information about this market.
And don’t forget to join our lives, every day here in #Binance so we can keep learning together 🔥🤍🔥
#LegionKiuTrades
#KiuTradesAcademy
Even though it’s true that $LSK is a coin that in the last few days had a volatile and dangerous behavior, it’s also clear that after such a violent Pump, the price had to drop, and once it was down, many people would be expecting a new bullish move—but the buying power was already exhausted and the price is deflating.
Could the price bounce? Of course it could. But in my opinion, what I would expect is a drop to the depths; 0.30 would be a middle point, but I’d say even lower if we give it some time—a nice 0.10, maybe. Even so, I already have a Stop Loss set at 0.57424, which ensures about $15 if the price had an aggressive rebound.
Another important thing is that the funding rate is negative, so as time passes I’m paying to hold the position, but so far it has only charged me a couple of dollars, so the profit is already secured.
If you want to learn, I invite you to be part of our community. Take a look at the profile of @AthenaLynx and you’ll find the post “Futures from a dollar for Beginners,” so you’ll have access to a lot of high-quality information about this market.
And don’t forget to join our lives, every day here in #Binance so we can keep learning together 🔥🤍🔥
#LegionKiuTrades
#KiuTradesAcademy
