What are your expectations of the market? I am in a bitcoin short trade from $41,460 with 5x leverage and one of my three limit orders has already triggered at $40,770 and closed 30% of deal. At this point, I am looking at a strong magnet in the $37,140-$34,400 range for bitcoin.
Look at this drop in volumes and the lack of green yesterday’s candle although the volume was large.
All my deals I open on DEXs like Pangolin, Mimo, WOWswap. For trading with leverage (more often short deals on BTC) i use WOWswap.
A correction is needed to pump the market more volume. Let’s look at the facts, bitcoin can’t get above the $44,000 level for over a month, and the local low keeps breaking new marks. Obviously, the squeeze is coming soon, but up or down is not for us to decide. But for growth it is always necessary to gather something from weak hands, we all know it. This is my brief and general explanation of why I am in a bitcoin short deal. I am more than confident in my strategy.
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