SC Futures Traders - Channel

10 июня 2024 08:10

Heard that bazinga is legit.

CA: C3JX9TWLqHKmcoTDTppaJebX2U7DcUQDEHVSmJFz6K6S

at your own risk.

SC Futures Traders - Channel

09 июня 2024 14:50

We have cut off the short position and are now relying only on this public position.

So technically, as you know, we’ve realized a -$838 loss and have less than a -$500 floating loss. Now, if $BLUR achieves $0.55, then we can cover the loss. The liquidation level is $0.25, so between the TP target and liquidation level, it’s a 1:1 risk-to-reward ratio. Pretty bad R:R, but let’s see.

The thing is, if Bitcoin doesn’t hold the trend, since BlackRock and Fidelity’s Ethereum spot ETF in August will be just bullish AF, what about in between now and then?

SC Futures Traders - Channel

09 июня 2024 06:43

We still have half of June, July, and September. Meanwhile, the historical Bitcoin price in each month…

SC Futures Traders - Channel

08 июня 2024 13:43

Realizing 2/3 of the loss, 1/3 is still unrealized. Currently rekt around -$800. The math is simple now:

1. The public account only has $2,300, with a realized loss of about $800. So, floating with $1,500 now. The liquidation level is around $0.25.
2. If the Binance position achieves $0.30, then it covers the public account with even a +$200 profit, and there are still crumbs left if the Bybit position closes. Maybe we can get around +$500 in total.

The question is, what if the end short target never achieves and we have to cut the TP of the short position?

Then it’s still fine. If $BLUR achieves $0.66, we will get around $2,500.

The tricky part is if both targets never achieve, or if we are not patient enough.

SC Futures Traders - Channel

08 июня 2024 02:13

The $BLUR DCA is driven by ego. We can just cut the loss and not actually lose anything, just wiping out the last $MYRO profit.

SC Futures Traders - Channel

08 июня 2024 02:00

$MYRO daily close is kind of good here if you are going to make an entry with low leverage.

SC Futures Traders - Channel

08 июня 2024 01:00

$WIF, $DOT, $ADA

I kind of like the ranging happening with $ADA and $DOT. I’ve been watching them for a while as market stability indicators. If we are likely bearish, these two can give a heads-up. So far, they are still ranging.

Meanwhile, WIF is back to the supply zone after the recent pump to $4. It’s interesting to see. If altcoins can have more volume, WIF is among the best-performing memes of this season and will continue to run again.

SC Futures Traders - Channel

07 июня 2024 16:51

Hope we get out of this range soon.

SC Futures Traders - Channel

06 июня 2024 04:42

To be honest, $MYRO is doing much better than $BLUR right now.

SC Futures Traders - Channel

05 июня 2024 03:42

Not much update coming from BLUR’s swing position. BLAST will be launched on June 26, so 3 more weeks. Let’s see if there is any impact on $BLUR.

SC Futures Traders - Channel

31 мая 2024 07:48

The airdrop will be in Blast, not BLUR, leaving the $BLUR team with 351 million BLUR standing by for distribution.

SC Futures Traders - Channel

31 мая 2024 07:44

Here we go again with $BLUR

SC Futures Traders - Channel

30 мая 2024 14:22

For our entry, $MYRO is still a healthy setup at the moment. $0.22 has not been touched. We don’t know if it’s too bad or a good SL+ to cut higher around $0.25. We would love to re-long and reassess.

SC Futures Traders - Channel

30 мая 2024 10:01

Overall, the market is still stable. I just don’t know why the alt market is panicking. I will look into why.

SC Futures Traders - Channel

29 мая 2024 05:09

Looks like FOMO is happening today. Higher then. Trailing SL+ is higher as well. Ours is at $0.22. What’s yours?

SC Futures Traders - Channel

09 июня 2024 14:51

The short position is already closed in profit. So the loss will no longer be -$838. But let’s keep it that way in public.

SC Futures Traders - Channel

09 июня 2024 07:04

High leverage trading is hard to manage. It doesn’t rely on management; it relies on momentum, timing, and precise information on low time frames.

Small leverage trading relies on the management of the margin of error.

Even so, both are not easy.

There are many factors to consider, such as allocation, buy and sell levels, spontaneous sentiment, and mentality.

SC Futures Traders - Channel

09 июня 2024 06:39

What you know and what you do are two completely different things. That’s when the bias kicks in:

1. When you know things but don’t have the guts to do it.
2. When you have the guts, but have to discipline your actions and stick to the plan.

August and November are the months when we can long again. Between now and then is tricky. We’ll see.

SC Futures Traders - Channel

08 июня 2024 12:28

Try to manage by opening short hedge on other exchange

SC Futures Traders - Channel

08 июня 2024 02:01

But funding is super high. Its really bad for longs.

SC Futures Traders - Channel

08 июня 2024 01:34

Mistakes to Learn From:
1. Should’ve made a limit order instead of a market order.
2. Didn’t hedge short on other exchanges, even though it was obvious the price was struggling.

Options for What to Do Now:
1. Add liquidity and expect the funding to cool down with minimal potential downside impact.
2. Cut losses and stay out of the market for a few days.
3. Continue DCA-ing, which has already been done.

Actions:
3. This is the priority because as long as $BTC maintains the $66.8K level, it’s still okay for alts.
1. Same premise as 3.
2. If $BTC drops below $66.8K, it will severely impact our position.

SC Futures Traders - Channel

08 июня 2024 00:43

We get out this range, but downside 🙂‍↔️

SC Futures Traders - Channel

06 июня 2024 04:44

Just barely no longer underwater. 🙂‍↔️

SC Futures Traders - Channel

05 июня 2024 06:09

Alts price action looks so weak despite bitcoin being positive. Manage risk accordingly.

SC Futures Traders - Channel

31 мая 2024 07:49

Since it will be announced on June 26, it will be a 30-60 day swing trading period. Let’s see how much the funding fee will cost.

SC Futures Traders - Channel

31 мая 2024 07:46

We will be considering a hedge by opening a short position on another exchange or adding margin at the $0.33 level. We’ll see. So far, we are underwater.

SC Futures Traders - Channel

30 мая 2024 14:26

This is the second swing position for our third public trading allocation. We only use low leverage to give us some breathing room for a margin of error.

Do not confuse our approach with scalping with high leverage, as you might get burned faster (or profit faster).

At the end of the day, you do you. This channel is just for public learning. We can be biased as well.

For this one, we are using 4x leverage.

SC Futures Traders - Channel

30 мая 2024 14:15

For loyal readers here, you know we’ve been fans of trading $BLUR back and forth and have been monitoring it ever since it appeared on our watchlist. With Ethereum spiking and gaining massive exposure from the ETH spot ETF, BLUR is one of the main contenders in its niche.

Draw a couple of lines from the past and start following that setup for the next sentiment.

An ideal entry should be around $0.32 - $0.37, but so far it looks proper after that LTF re-test. We’ll see. We’ll target $0.50 first and add more positions in the range of $0.47 - $0.50, and add more margin if it falls to $0.37 - $0.36.

Two sentiment and one technical reasons (as you read above):

1. BlackRock’s Ethereum spot ETF in August for bigger exposure in the Ethereum environment.
2. Blur Season 3 powered by Blast.

SC Futures Traders - Channel

29 мая 2024 13:03

Habibi say, let's burn this oil money and beat ethereum.

SC Futures Traders - Channel

29 мая 2024 04:44

Already putting SL+ higher and simply watching other personal positions as well.

Still monitoring potential “short” positions on the watchlist with this stagnance. This will probably continue until the BlackRock ETH spot ETF in August. Let’s see, we will trade accordingly.