Gold's Got You Playing Contracts
Yesterday's pick #magma, those who hopped on can start taking profits in batches, we've hit a 40-point gain. #aiot can still be held onto for now.
Today, let's talk market hotspots, Musdt is seeing a growing bearish momentum, and with a positive funding rate, it's prime for a short. Consider going in with a tenth of your position to short, #tradoor has already taken a nosedive, the whales have fled, so you might want to short with a tenth of your position for a day or two to take profits.
As for gold, I advise everyone to be cautious with shorts, only if you're sure about the coin, and even then, limit it to a tenth of your position just to earn some pocket change.
When it comes to going long on contracts, #LAB is still a decent buy, and #dydx is showing a favorable technical setup, you could consider sneaking in a position.
Golden Rule: For us regular folks, alts are best approached with a small risk for greater gains, always keep your total holdings less than what you originally planned, focus on surviving first, then gradually scale up your profits.