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
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 You have small funds and yet you are trying something that will blow up the little you have on your trading account. Future trading is like gambling but if you play well with technical analysis, you will survive if not most of the time but what your trading strategy is pure gambling without any risk management.
I hope you understand that future is one the market that's heavily manipulated by market makers, they do what they like, they can decide to chase a price for exit and they wouldn't stop until they target is been reach. Now imagine yourself shorting that market when the aim is to keep going, you will eventually get liquidated without anything at the end of the day.
The market you at shorting now is giving you moral because market is mess up right now, the more I look at bitcoin, the more I feel we are going down and that's why it's very easy to short the market but in a bull market, if you try this strategy you might regret ever opening any position in crypto. Market makers in long and short positions are only after ones another liquidity, play safe my friend so they don't eat the little you have managing.