Profit strategy of Binance "old coin" contract
Since August, Binance has frequently launched spot "old coin" contracts, and each launch will trigger a short-term increase in token prices. However, this process is now highly concerned by news arbitrage robots, and it is difficult for ordinary users to participate at the right time.
Main conclusions:
Short-term high point: The first minute after the contract announcement is usually the highest point in 24 hours. Trading profit and loss: Whether short-term or long-term, the profit and loss ratio of manual trading is not ideal; long-term holding after the contract is launched has higher returns.
Short-term strategy:
The price rose by an average of 33% within 1 minute after the launch, and the highest point rose by 43% within 1 hour. However, retail users often miss the best opportunity, and it is recommended to short after the 1-minute high.
Medium-term strategy:
The average maximum increase in 24 hours is 55%, but the recent token rally effect has weakened. The current medium-term long profit and loss ratio has dropped to 0.73, indicating that the long risk is higher. Therefore, it is more suitable to adopt a medium-term short strategy.
