$BTC:
No Sunday Report today as nothing changed from last Week. I’m placing multiple short orders between $86,500 and $89,500, a range of roughly 3.5%. What many don’t understand is that I’m building one position across several entries. For example, a $10,000 allocation can be split into five $2,000 orders at $86,500, $87,000, $88,000, $88,500 and. $89,500. If all five orders fill, the total is $10,000 with an average entry of approximately $87,887
The short leverage I use is a very simple x2 leverage, more than enough to profit on the way down, and back on the way up due to the existing spot positions.
This is what building a short position means. I don’t need to guess the exact top and commit everything at one price. I spread my limit orders across the area where I consider to be a distribution phase. That’s exactly what I’m doing right now. My exact order levels and position updates are shared exclusively in https://t.co/Qx4dZU40Lk and will be shared in the next days.
THIS IS NO FINANCIAL ADVICE AND EDUCATIONAL CONTENT ONLY