Im so newbie here but this is my way
Mostly binance futures If i trade but now due to financial problems i can't trade so much and don't have enough funds...untfortunately
I look for top gainers sometimes they go even higher so if coin is up 20% it might trap If i see still coin can move up i move on to short altcoins i look for bigger Marketcap altcoins If they are up 5% then i Open short and If there is no news or any reasons for further pump i Open short.
Right now i see etc/usdt extremly over-bought and fake-out so i did Open short it now. Price 17.065$ on binance i think good entry for short with this price now.
Enjoy
hope you like it let me know ur toughts aswell , thnx
I think your trading method in the futures market is too risky. But as long as you can still have a good strategy. And have risk management in trading so you will stay safe. Each sets a profit target and sets a stop loss target. So that when the market changes or suddenly, you don't worry that you will experience a lot of losses because we have set a stop loss. For trading on pumped coins sometimes it brings big profits. As long as we can have the courage to enter. The method used in this type is fast trading (Scalping).Mostly binance futures If i trade but now due to financial problems i can't trade so much and don't have enough funds...untfortunately
I look for top gainers sometimes they go even higher so if coin is up 20% it might trap If i see still coin can move up i move on to short altcoins i look for bigger Marketcap altcoins If they are up 5% then i Open short and If there is no news or any reasons for further pump i Open short.
Right now i see etc/usdt extremly over-bought and fake-out so i did Open short it now. Price 17.065$ on binance i think good entry for short with this price now.
Enjoy
hope you like it let me know ur toughts aswell , thnx I personally do not like to take risks that are too high. I prefer to patiently monitor the market and jump in when it's worth entering. Well I am also a day trader. And scalping has also become my daily routine. On coins that do not have any news and events, technical analysis is needed and the level of accuracy is quite high. But for coins that have events and news, we only have to follow market trends and estimate the response or market sentiment to the events and news that appear. So that sentimental analysis, fundamentals are prioritized and then make technical analysis before taking positions. and to determine to what extent the target increase and take profits.