Shorting DEGO, with a drop of 15%
This order is a short position. Opening price 0.7649, now 0.6386, a drop of 15.56%, profit margin approaching 100%.
Someone asked: It has dropped so much already, why not take profit? My logic is simple — EMA7 crosses below EMA99, a bearish arrangement on the daily chart, once a downtrend is formed, do not easily call a bottom. 5x leverage, the liquidation price is at 1.32, far enough to hold.
The hardest part of contract trading is not judging the direction, but the determination to hold the position. Increase the position with floating profits? No, I choose to let profits run. Consider reducing positions if it breaks below 0.6, and add shorts on rebounds. The market is always full of opportunities; what it lacks is patience.
Of course, this is just my plan. There is no wrong way to exit a profitable position, but I want to see how far this trend can go.
See 0.5