FUTURES: WHAT YOU DON'T KNOW THAT NO PRO-TRADER WILL EVER TELL YOU !
Poly/usdt has been on the pump for hours now đł, I did see some people saying take shorts with a low leverage?
There are things you need to know about some projects.
1. Once you see a coin that hasn't been on a upward trend for months start pumping don't take shorts because most times its a bait . Just know some whales are in it to liquidate your account and kick you out .
2. Stop concluding that any coin that has pumped to 60-80% has done its max thus you need to take a short. This is never true, I once took a short on a coin on 80% and that coin did 150%.
How ?.....you did see that the coin will come down a little , they are baiting you, once you take a short you will observe the coin is going higher but the percent rise is lesser than before...this is a pure sign of more volumes on the buy zones and many been kicked out either with their set SL or Liquidation.
3. Once you take a short of for example 0.29 on Poly/usdt and you notice the percent comes down then in a jiffy it hits another higher high accept your loss and leave that trade.
The notion of leaving the trade to run without Sl or not closing it is a mission impossible.
WHY : It is because the coin has built a new resistance zone thus you will see that coin run for days even come to -25% loss without coming down to your entry Point (0.29) ever.
4. Understand the game of volumes in buy and sell especially for a coin who went off grid for months and just came from nowhere and did 70%.
5. The trend is always your best friend, don't fight the trend or you will get burnt.
6. Use low leverage and never exceed 5% of your account not matter how juicy the set look like.
