Why are you doing this?
Hello crypto addicts, I have long observed that people's knowledge of cryptocurrency ends with trading futures, as if this is the Holy Grail. Do you really think that everything is tied to this? I watch as people jump in with their ten thousand on huge leverage without stops, without analysis, listening to some gypsies, with a complete lack of basic knowledge. I bet most of them can't even make a transfer from one exchange to another, let alone bridges and DEXs. They are stuck deep in losses and still ask whether they are doing everything right. I would say this is just the height of foolishness, but understanding the entire advertising industry imposed by these exchanges, which breeds gamblers. Understand that exchanges are like casinos whose ads we see everywhere on the internet. Exchanges operate exactly the same way, yes, if you handle them wisely and use the advantages they provide, you can even earn on futures, but I strongly do not recommend this, especially for beginners.
I was the same.
Like you, I started the same way and lost my money too, only my thirst for knowledge saved me, I wanted to know everything about cryptocurrency and quickly realized that all your levels, patterns, moving averages, MACD, and Fibonacci only show two directions: up or down, and no one, I repeat, no one and nothing will tell you where the market will go. If it were so, we would all be rich by now. I understand that my words will go over the heads of most and there will be smart ones who will once again try to prove to me that I am a fool. Let it be, as that is all they can do.
Just as you like.
Since you love your futures so much, I have a good way for you. This is not a money button and certainly not a financial advice, you need to understand the risks. Right now, there is a trend towards various scams, you know my attitude towards them, they are all scams. So, when one of these scam projects lists its token, at the same time people who received a drop start dumping it. And what happens when a crowd of sellers comes in? Right, a dump. The coin rolls down and you can make money on that. Almost all of them go out on futures right away, or after a while. All you need to do is enter a short position. Just as you like, you don’t need to do anything, everything has already been decided for you.
Wise trading.
Personally, I use trading bots for these purposes, there are many of them, some are paid, some are free, both on exchanges and in separate applications that manage your assets using API keys. I am not a proponent of trading, and especially futures, but I earned my first substantial deposit thanks to spot trading with the help of trading bots. Their main advantage is that we eliminate the psychology that pushes us to impulsive and ill-considered decisions. When you are in a drawdown, you can panic and close your position at a loss, while you should have just followed the plan, this applies to spot trading. As for futures, these bots can trade a larger volume thanks to the grid of positions, but you need to understand all the risks, know where the trend will go. This is where I apply the strategy, shorting the listing of scam coins, look at the chart of hmstr or Cati, how much you could have earned in the first week after listing. I am not the only one doing this, however, there are few people who come to this, there are also hidden pitfalls, I can tell about them and my experience if this article interests people. Do not forget about the risks and use a small part of your deposit, personally, I use no more than 2-3% of my capital for trading. Subscribe, share, comment, wishing everyone good health.