$BTC Today's Recommendation: Wait. Making low-leverage contracts with stop-loss should not get liquidated, but if you encounter a long wick, you are on your own. Large bearish and bullish candles may not trigger stop-loss and could lead to liquidation... If you are feeling restless, you can play with a small position. Frequent trading with small capital at high leverage is not recommended, as the funding fees for BTC contracts are very high, and you might end up working for the exchange after a day's effort... Currently, BTC may spike back and forth killing contracts; spot traders should wait for opportunities to pick up discounted chips below 78000 (BNB around 550, and spot traders are most abundant in patience).
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#BTC #ETH #BNB #Weekend Market Analysis
$BTC Today's Recommendation: Wait.
Making low-leverage contracts with stop-loss should not get liquidated, but if you encounter a long wick, you are on your own. Large bearish and bullish candles may not trigger stop-loss and could lead to liquidation... If you are feeling restless, you can play with a small position.
Frequent trading with small capital at high leverage is not recommended, as the funding fees for BTC contracts are very high, and you might end up working for the exchange after a day's effort...
Currently, BTC may spike back and forth killing contracts; spot traders should wait for opportunities to pick up discounted chips below 78000 (BNB around 550, and spot traders are most abundant in patience).