Trade Carefully:
3 Coins to Approach with Caution in Your Next Futures Trade
While the allure of high potential returns can be strong, some cryptocurrencies come with hidden costs or risks that can make them less than ideal for futures trading. Here are 3 coins to carefully consider before placing a futures bet:
$TRB (Troubled Reputation?): While TRB might seem enticing, its history of alleged manipulation and high volatility means its price movements can be unpredictable. This makes it difficult to accurately predict future prices, a key element for successful futures trading.
$GLM (Gauging Leverage Costs): GLM can be a valuable asset, but its high funding rates for futures positions can eat significantly into your potential profits. Before diving in, make sure you understand the full cost of leverage associated with GLM futures.
$UMA (Understanding Margin Costs): Similar to $GLM, UMA futures can be expensive to maintain due to high margin requirements. These requirements force you to put up more capital to hold a futures position, potentially limiting your buying power for other trades.
