The Token price is moving in descending trend. In my opinion, if this Token can break the 1.719 support level the pair would move to the support trendline. Please comment your opinions
Ive been killing it all day on these, following the DXY and shorting the bullish news, Alts are coming down hard. These coins are kind of a scam but they seem to work if you are absolutely sure the price is going down. If theres a reversal in the regular polkadot price back to the upside, this token will fall probably 5x the rate, but is dot falls on price, binance will pull a quick switch on the interest rate so you don't make too much when DOTDOWN goes to the upside, these tokens are kind of like the "slots" of the casino if you catch my hint. If you don't want to short or buy leverage these suffice, just ride em' up and sell them quick when regular dot's price reverses to upside... My humble opinion...
BitonGroup
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@travislundberg17, dear i truly appreciate your explanation. what you said is absolutely right. I also have notice that these seems like Slots and can only use them at the time the Spot market falls and it can be used for hedging purpose and not speculation. regarding the fees also I have seen it changes as the volatility changes and these are the sign of Binance modifications on them. but if traded calculatedly these can bring some profit specially when the market is dumping.
rest i believe isolated future are the best way to capitalize on speculation or even long term hold of positions if fees calculated and margined properly.
what do you think?
userasddasdas
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well totally it broken the channel bund
BitonGroup
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@foxgeekmobile, yes it is completely broken...
what do you think? will it go up or will fall more?
BitonGroup
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@foxgeekmobile, but the question is can it be negative also?
userasddasdas
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@BitonGroup, thats a good question
Sxp down is an example (its very cheap now)
I think they just will delist it
BitonGroup
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@userasddasdas, yes i also think they will delist it. and i think generally these leverage tokens are useless instruments