#数字资产市场观察 has seen too many people disappear in the contract market. Some opened long orders with 20x leverage, and three minutes later their account only has the withdrawal fee left.

High leverage has never been a tool for making quick money; it only amplifies your actions — enjoyable when you earn, but you die faster when you make a mistake.

Want to stay in this game a little longer? These few points need to be engraved in your mind.

**First check the funding rate, then take action**
The fee rate is like a thermometer for the market. A prolonged positive fee rate indicates that the bullish sentiment is overheated, often signaling a temporary top; a persistently low negative fee rate means that the bears are dominant, and the downtrend is likely not over. Those who really know how to play the game always pay attention to the fee rate before opening a position.

**Leverage should not exceed what you can control**
A 3 to 5 times leverage is enough to capture trends, while for beginners, using over 10 times leverage is basically gambling with their lives. If the direction is judged incorrectly, losses can be cut and one can start over, but if the position goes out of control at once, the game ends immediately.

**Trading must be orderly**
Observe the long-term trend - the daily chart movement, market sentiment, and the direction of moving averages should align; look for entry points in smaller time frames - a four-hour pullback or breakout is the appropriate timing; set a good stop-loss line - exit when it hits, don't fight against the market; understand the importance of securing profits - unrealized gains on paper should never be considered true profit.

**Position management is a lifeline**
Do not exceed 30% of the position in a single coin, and do not fill the total position. The most painful thing is not the loss, but watching the opportunity slip away with your eyes wide open when you have no bullets.

In the cryptocurrency world, those who survive for a long time rely not on predictive ability, but on risk control discipline. A single profit may depend on luck, but long-term survival must rely on rules.

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