⬇In the last 10 hours, traders have been liquidated for over $340 million.
If you are not monitoring the market 24/7, futures trading is a killer for you. Because if you trade futures, you must always be in front of the monitor, constantly watching the news and the market, and quickly reacting to everything.
Here's news from Korea — a great example of how easy it is to spark panic in the market. A state of emergency was declared, no one figured out what was happening, and immediately there were sell-offs, the market went down, then bam — everyone bought back in half an hour, and the sell-off was as if it never happened.
Therefore, we advise trading on the spot if you are not in the market 24/7. Those who trade spot may not even have understood what happened, while those who are "gambling" on futures without a strategy and professional approach may have already lost their deposits.
I'm sure you couldn't make money on this news. On my parallel channel, I explain how to work with news, earn money from retro drops, and profit from arbitrage, so if you don’t want to end up at the end of a bull market in tattered pants, Pavel Durov will tell you where to find me 😏
Max_pro_crypto