Shot up from $0.01 to $1.3 in a minute and then dropped back with funding kicking in. Funding rate - 3834% APR. Long it while you still can. $BABY #BABYUSDT #long
Lost over $800 on BSB in a week on another exchange (B@ibit). They liquidate even with 2x leverage. It can rise indefinitely until you hit long. As soon as you go long, it drops endlessly - until liquidation and then immediately reverses while you long again. There are a lot of coins like this right now.
Can someone explain this effect?
I want to sketch on a simple A4 sheet how I envision these scams work. I'll set aside time this evening for an article on this topic and will also share the strategies that helped me scam these scam coins and keep them in a sideways action where I launched neutral bots and pulled money from liquidity.
By the way, I've noticed that my biggest losses happened when, in the thrill of my +++$, I started believing in the invincibility of my strategies. So - I wish you to think more about your trades than executing them. That's the only way to achieve results. Wishing everyone successful trading!!!
Possible reasons for shorting XRP (with calculations based on your volume of 15.51879178 XRP):
Break of support down and consolidation below. Example: if the support was 0.60 USDT, and the price went to 0.58, the movement is −0.02 USDT per coin. Your PnL when shorting: 0.02 × 15.51879178 ≈ 0.31 USDT (before fees/funding).
Weak momentum (lower highs/lower lows). Example: a series of highs 0.64 → 0.62 → 0.60. If entering short on the retest at 0.60, and the target is 0.57, potential: 0.03 × 15.51879178 ≈ 0.47 USDT.
Pulsed candle + minor pullback + buyers entering early = continuation by the textbook. No deep re-testing. Enter now or chase later. 🎯 $ETH → 2400 → 2468 SL: 2157 $ETH #eth #long
Get into the rocket while it still allows. Good luck to everyone, such an opportunity doesn't come often. Short, short, short. -99.99% $STO #STOUSDT #SHORT📉