Hello everyone!
Today I was evaluating scalping on $TAO Using a SL to stop my losses you can notice that in effect the price was always looking for my closing or stop loss points
In this binance account I had around $34 which I was farming from $22. Binance commissions are legitimately the highest, and for each operation they are around -$1 of commission.
Normally I do not operate with high leverage, but given the circumstances I made an exception.
It results in extreme manipulation within this currency.
For those who trade futures within this currency, I hope you have the best of luck.
Since in more than 6 operations, my analysis was invalidated.
Something I could notice is that all the operations came in profits. But they did not allow my portfolio to gain more than 12% or 30%. From those levels, the price resumed a trend that was totally strange and different from the one previously analyzed, resulting in the closing of my operations by SL.
Be very careful $TAO is doomed.
#dyor !!! Conserve your capital, it is not worth risking it in alts like those.