โญInitial Position: ๐Buy Spot BTC worth $100 at $61,000. ๐Short BTC worth $100 at $61,000.(1x) ๐Set a stop-loss at $62,000 for Short position. ๐Set a limit sell order at $62,000 for the spot BTC.
โญIf Stop-Loss is Triggered: ๐When the market hits your stop-loss at $62,000, your spot BTC will be sold, ensuring no losses are accrued. ๐Repeat the process until the market moves in your favor.
โญIf Market Moves in Your Favor: ๐For instance, short BTC at $62,000. ๐Set a stop-loss at $63,000. ๐Buy Spot BTC worth $100 at $62,000. ๐Set a limit sell order at $63,000 for the spot BTC.
โญIf the BTC price decreases by $500: ๐Change the stop-loss to $62,300 (Capture the$200 profit). ๐Sell the spot BTC and ride the downtrend. ๐Adjust your stop-loss (profit) accordingly for each move.
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