Update: I close my position 100% here. Will be looking for new entries. I aimed to grab the liquidations, now even if the market goes 0.02 I don't care.

Update: We successfully grabbed shorters' liquidations, start booking profits here above 0.017.

#Jasmyusdt⚠️⚠️

Jasmy funding fees -0.2, the more it goes in negative the more chance the market will go up to grab liquidations.

Why does the funding fee go in negative?

The more people open short positions the more funding fees go in nagitve. And if you are the one in the short position then you will be paying that fee to longers. Also if there are more shorts in the market, the market will have more chance to go up so this means longers will be in profit plus they will receive a funding fee.

In this picture, we can see shorter liquidatations at 0.0167 till 0.0175 which can be magent from here.

For longers, liquidations are below 0.0156 till 0.0142

I am in long position from here with tight stoploss.

#Write2Earn #JASMY/USDT