ETHUSD Quanto Perpetual Swap
Updated
- I'm swing trading ETH, currently bought in at $249, targeting $270.
- But looking at the volume, there seems to be a volume gap at the $220 area, will put some bids there with a fraction of swing trade profits
- I would long the $210-214 area with very high leverage, there's a chance we wick there but not for long
- But looking at the volume, there seems to be a volume gap at the $220 area, will put some bids there with a fraction of swing trade profits
- I would long the $210-214 area with very high leverage, there's a chance we wick there but not for long
Trade closed: target reached
My trade automatically closed in profit at $270. I had used 15x leverage on bitmex and made a 126% ROE
[(270-249)/249 ] * 100* 15 = 126%
ETH later ran to $278 and it might go higher but for now am staying out of the market as I wait for another entry.
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