Hello, everyone!
I’m sharing some insights from fellow Binance accounts, highlighting why I’m staying away from futures trading for now.
Futures require extremely favorable market conditions to execute properly. Even with careful risk management, small parts of your capital can still get liquidated.
Right now, the market is uncertain:
BTC's direction: We’re unsure how much higher it will go.
BTC dominance: Will it increase further while alt coins continue to bleed?
Whale manipulation: It’s not difficult for whales to pump the most speculative alt coins on shorts, causing unexpected swings.
In such a volatile environment, I urge everyone to stay cautious and vigilant. Protect your capital, and don’t rush into trades, particularly, futures.
Good luck and trade safe!