Mr. Qi said to me that in the early hours, Trump announced the end of the war, and $NQ rose quite a bit. While waiting for a cup of coffee, I opened my phone to see where $RIVER had gone, and I ended up seeing an entry position for a short order. After checking the risk-reward ratio, I felt it was fine, so I went in.
Then I opened my computer to check Coinglass, and the long-short ratio showed that currently, there are still more people going long.
Hmm, in this situation, everyone should just hold onto their spot positions.
Entry logic:
1. SVP mid-point overlap looking bearish 4h FVG, bearish signal;
2. 4h line retracted.
But I haven't thought about where to take profit, and it could fail. Because the current funding rate on Binance is -0.02059%. With 3X leverage, the position I invested is one that I can accept even if I incur losses. I just want to hedge a bit against my spot holdings🤣
Recently I've been thinking, actually having spot positions means I should only short when it's possible to do so. Holding onto spot and continuing to open long contracts, hmm, I need to suppress this thought of wanting to earn an extra profit. After all, the volatility of @Riverdotinc is a bit large.
S4 has 21 days left, and River held a Builder meet-up last week in Buenos Aires, Argentina. I hope that in the next two years, we can successfully implement stablecoin payments in South America, with more and more people using it. Once the payment proportion data comes out, that will be the real takeoff! Friends who accompany long-term and build together will be blessed when they unlock their positions💙