âInitial Position: đBuy Spot BTC worth $100 at $61,000. đShort BTC worth $100 at $61,000.(1x) đSet a stop-loss at $62,000 for Short position. đSet a limit sell order at $62,000 for the spot BTC.
âIf Stop-Loss is Triggered: đWhen the market hits your stop-loss at $62,000, your spot BTC will be sold, ensuring no losses are accrued. đRepeat the process until the market moves in your favor.
âIf Market Moves in Your Favor: đFor instance, short BTC at $62,000. đSet a stop-loss at $63,000. đBuy Spot BTC worth $100 at $62,000. đSet a limit sell order at $63,000 for the spot BTC.
âIf the BTC price decreases by $500: đChange the stop-loss to $62,300 (Capture the$200 profit). đSell the spot BTC and ride the downtrend. đAdjust your stop-loss (profit) accordingly for each move.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0
Replies 0
Explore the latest crypto news
âĄïž Be a part of the latests discussions in crypto