Today, Binance released the news: "Binance will launch #STPT and #WAXP 1-50 times U-based perpetual contracts", and the contract start time is 2023.10.18 22:30. After seeing the news, it has risen from 0.072 to 0.082, about 10%. Then observe the 5-minute K-line. Generally, it will rise for 3 consecutive lines, and then it will fall after 5 lines. It will stop falling and rebound after falling for 3 lines and 5 lines. When it starts to fall again, open a position, you can't go all in, and enter the bottom position. If you are going to invest 1000U, first buy 200-300. If it falls, continue to make up, 100-200. Make up once for each negative line. Keep falling and keep making up until all 1000 are made up, and then hold it for a rise. If you don't buy all 1000 during the process of making up, and the rebound doesn't come down, don't chase it. You don't need to make up for the total purchase of 500 or 700 or other quantities, and hold the currency for a rise. At 22:30 in the evening, the contract is officially listed and sold. If there is a 10-20% profit, you can sell it or reduce your position.
You can see from the picture that I bought and covered my position at two B points. The average price of the currency was 0.07697. I covered my position twice and it rebounded. I didn't cover my position again. I bought 300 for the first time and covered my position twice with 200 and 300 respectively. There were still 200 left to cover because it rebounded directly.
Technical summary:
1. The operation is suitable for the tokens that are announced by Binance for contract trading, and only spot trading is available.
2. If you don’t buy in after the price starts to rise, wait for 3-5 5-minute lines to stabilize and then start to pull back to enter.
3. Open a position based on the falling negative line, and add to the position in batches until the expected investment is completed.
4. Sell the previous contract with a 10-20% profit, or you can stop profit according to the profit situation.
Basically, you can get 10-20%. The same principle applies to WAXP. All the coins on Binance can be traded in this way. If BTC falls, this operation will be invalid!
