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💰 4 Futures Trading Hacks to Make U Rich 💰
⬇️ Pro Or Beginner, This is For You ⬇️
1️⃣ Try to learn the relationship of the graph vs EMA 50 150 & 200 Ribbons. Learn how to read the graph and consider market news, geopolitical and economic events 📺
2️⃣ Always trade with 10% of your full amount in futures, not more and definitely not less. Keeping enough liquidity margins won't ever make you lose a trade💰
3️⃣ Don't focus on too many trades per week, 1 good trade may give you more gains than 100 random trades🔥
💥Choose your entry point on either the lowest level (while going long) or the highest level (while going short) and DONT I repeat DONT trade against the market, means if the average market position is red and your graph is Dipping then don't risk a long💥
4️⃣ Don't trade with emotions, just set a stop loss and enter your trade. If you ever lose then call it a day and learn from your mistakes🔎
♻️ Soon I will share a step by step post on how to find your right strategy for Futures trading ♻️
Follow & Like for MORE Exclusive News🥂
#Write2Earn #TrendingTopic #FuturesTrading #Hacks
⬇️ Pro Or Beginner, This is For You ⬇️
1️⃣ Try to learn the relationship of the graph vs EMA 50 150 & 200 Ribbons. Learn how to read the graph and consider market news, geopolitical and economic events 📺
2️⃣ Always trade with 10% of your full amount in futures, not more and definitely not less. Keeping enough liquidity margins won't ever make you lose a trade💰
3️⃣ Don't focus on too many trades per week, 1 good trade may give you more gains than 100 random trades🔥
💥Choose your entry point on either the lowest level (while going long) or the highest level (while going short) and DONT I repeat DONT trade against the market, means if the average market position is red and your graph is Dipping then don't risk a long💥
4️⃣ Don't trade with emotions, just set a stop loss and enter your trade. If you ever lose then call it a day and learn from your mistakes🔎
♻️ Soon I will share a step by step post on how to find your right strategy for Futures trading ♻️
Follow & Like for MORE Exclusive News🥂
#Write2Earn #TrendingTopic #FuturesTrading #Hacks
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TopCryptoNews
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3 cryptos to avoid trading next week !
Solid risk management is what usually backs a winning cryptocurrency trading strategy. Avoiding unnecessary risk exposure is key when speculating with the unpredictable, highly volatile, and fast-changing crypto market.
In general, traders can use different risk management strategies. Avoid trading overextended cryptocurrencies is one of them, proving useful to prevent exposure from possible trend shifts.
Specifically, the Relative Strength Index (RSI) is one of the most used metrics to spot overbought and oversold assets. The former could cause a bullish trend to pivot downwards, while the latter could suddenly pump a bearish cryptocurrency.
Arbitrum (ARB)
Arbitrum’s token is overbought in the daily and weekly RSI, with 75.85 and 79.68 points, respectively. Notably, The 4-hour time frame has already lost momentum, registering a neutral status after losing strength. ARB is trading at $1.94 at the time of publication, up 3,46 in the last 24 hours.
Sei Network (SEI)
Sei Network is another cryptocurrency to avoid trading next week, with an extremely overbought status of 92.24 weekly RSI. Its token SEI plummets 10.41%, trading at $0.72 by press time. Therefore, it already caused a loss of momentum with an RSI lower than 50 in the 4-hour chart.
Avoid trading the Internet Computer (ICP) token
In the meantime, the Internet Computer Protocol shows similar behavior to SEI, with 1 RSI less for each time frame. ICP has 48.65, 71.56, and 91.67 points at the 4-hour, 24-hour, and 1-week time frames, respectively. Additionally, the token is trading at $13.45, down 5.27% in the day.
Nevertheless, having an overbought status does not guarantee poor future performance. These cryptocurrencies may continue to surge in price despite the mentioned signals.
In conclusion, investors should avoid trading the three mentioned cryptocurrencies for a more conservative risk management strategy, avoiding unnecessary exposure. Traders must do their own research and understand how everything might impact their operations.
$ARB $SEI $ICP
In general, traders can use different risk management strategies. Avoid trading overextended cryptocurrencies is one of them, proving useful to prevent exposure from possible trend shifts.
Specifically, the Relative Strength Index (RSI) is one of the most used metrics to spot overbought and oversold assets. The former could cause a bullish trend to pivot downwards, while the latter could suddenly pump a bearish cryptocurrency.
Arbitrum (ARB)
Arbitrum’s token is overbought in the daily and weekly RSI, with 75.85 and 79.68 points, respectively. Notably, The 4-hour time frame has already lost momentum, registering a neutral status after losing strength. ARB is trading at $1.94 at the time of publication, up 3,46 in the last 24 hours.
Sei Network (SEI)
Sei Network is another cryptocurrency to avoid trading next week, with an extremely overbought status of 92.24 weekly RSI. Its token SEI plummets 10.41%, trading at $0.72 by press time. Therefore, it already caused a loss of momentum with an RSI lower than 50 in the 4-hour chart.
Avoid trading the Internet Computer (ICP) token
In the meantime, the Internet Computer Protocol shows similar behavior to SEI, with 1 RSI less for each time frame. ICP has 48.65, 71.56, and 91.67 points at the 4-hour, 24-hour, and 1-week time frames, respectively. Additionally, the token is trading at $13.45, down 5.27% in the day.
Nevertheless, having an overbought status does not guarantee poor future performance. These cryptocurrencies may continue to surge in price despite the mentioned signals.
In conclusion, investors should avoid trading the three mentioned cryptocurrencies for a more conservative risk management strategy, avoiding unnecessary exposure. Traders must do their own research and understand how everything might impact their operations.
$ARB $SEI $ICP
