As you are aware that today the Fed's are expected to announce rate cut.Here’s how to make the most of today’s market volatility:
1. Keep USDT in Your Futures Wallet
Store your capital in USDT for stability and liquidity. This ensures quick action without worrying about losing value in volatile conditions.
2. Apply Hedging
Open long and short positions simultaneously. Hedging allows you to profit no matter which way the market moves. You can enable hedge mode(meaning simultaneously holding both long and short positions.) in binance futures by clicking three dots on top right. Select position mode and click hedge. That's all,now when you place long or short it will be placed a separate position.
3. Use Stop Losses
Set stop losses to protect yourself from sudden market changes. Use trailing stop losses to secure profits if the market moves favorably.
4. Monitor and Adjust
Pay attention to key market levels and news. Adjust positions based on live market activity for maximum profitability.
5. Watch the FOMC Press Conference
Stay alert for the Fed's live announcement during the FOMC press conference. The event is scheduled for:
11:30 PM IST
2:00 PM EDT
6:00 PM UTC
This announcement can impact interest rates and market trends, so adjust your positions before and after the conference accordingly.
6. Execute Trades Based on Trend
Follow strong market trends or trade reversals if the market reaches extreme overbought/oversold conditions.
7. Stay Disciplined
Be quick but strategic. Avoid overtrading and stick to your plan.
By following these steps and keeping an eye on the Fed's FOMC announcement, you can position yourself for maximum profitability today