Short BNB, -6% in 8h. - New algorithm
Updated
The algorithm suggests that following the rapid price increase, BNB's price will be falling of about 6% over the next few hours.
Short opened at 498.68 with leverage 3, permanent futures.
The target is 475, to be reached in maximum 8 hours unless the market is swept by a bullish wave. In case you are worried, make sure to hedge the short (XLM and DOT, according to the algorithm).
Comment below if you found this idea useful, and I'll post more.
Short opened at 498.68 with leverage 3, permanent futures.
The target is 475, to be reached in maximum 8 hours unless the market is swept by a bullish wave. In case you are worried, make sure to hedge the short (XLM and DOT, according to the algorithm).
Comment below if you found this idea useful, and I'll post more.
Trade active
The price is consolidating before the big drop; I'll be keeping the trade open overnight, while setting the target to 475 for only half of the invested capital. The rest will be allowed to flow freely, for the trade to be closed in the morning.Trade closed: target reached
475 reached, probably will be falling more, but I won't risk it.Unfortunately the operation took longer than expected to be closed, but 18% ROE in one day and half is good enough for me.
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