The market's looking pretty solid for futures right now, though it's mostly in a consolidation phase. So, I decided to implement my support and resistance strategy. I've got this project in mind, Arena-Z A2Z.
Today, I've been tracking the A2Z token on the 1-hour chart. The liquidity seems promising, and I spotted a market structure shift (MSS) heading upwards, so I jumped in.
I’m all about sharing insights and learning from others. If you’ve got any tokens you’re keeping an eye on or setups you like, I’d love to hear about them.
Also, what futures trading strategy has worked best for you in a market like this? Especially when you notice something like an MSS or a liquidity grab?
With shit tokens like A2Z, what do you expect from it in short term and long term. With trading, especially with futures trading, you focus on short term but liquidity, trading volume of those shit tokens can change very quickly. High trading volume this week but can be very low next weeks together with price plummet or crash.
Don't trade with futures and more reasons to avoid futures trading with shit coins as your position will be liquidated and you will lose lose most of your trading capital.
Right now I'm into low time frame trading, I really can't trust the market right now due to high shift of the coins especially the coins with the high volume like ETH and BTC. My go to strategy is just the support & resistance, EMA and MACD, I've managed to scalp using these indicators even in a choppy market and consolidations.
I don't hear from A2Z token but I wouldn't trust a low volume coin and do future trades they can easily rekt your position and your wallet. If you are going to do futures, go for high liquidity/volume coins and if you are new, limit yourself to x2 or x3 leverage.
After considering the use of several indicators and you observed that the market is giving a particular signal to rise or fall, then you can choose from what you wanted to go for under future, either to go short or long base on the pattern you have observed from the market behavior, however, there's no hundred percent assurance that one can be accurate in this, but we can be so close to being on point with the speculation made.
Thanks for the suggestions.. why I'm looking at A2z was fundamental news and price action alignment.. anwyss I've played an order on LTF orderblock on BingX. Hopefully it picks and I ride it to the top!.
I have none. Futures isn't something you play with, you may lose all you have if you are not careful, so you have to be very very precise when you are trading futures.
Like for example it may look good, then it may go down just a tiiiiiny bit and then you are done and all your money gone. So, be careful with what you are doing. So try to do as best as you can, but you are going to get a lot better returns if you are careful. Life isn't easy and it is not going to be simple for you to make this kind of return. Simply put, we are living in a situation where it is not an easy thing to get it done quickly.
Futures is a risky place to trade, and I try to stay away from it as much as I can, so I can do better on the long term.
No token is ok for future trading. future trading is one kinds of gambling. So I am not serious about futures trading. While trading spot, you have to accept a lot of risk. If you can buy and hold the potential coins from crypto trading, then you can make a profit from there. If you are thinking about futures trading, it means you are thinking about gambling. And gambling means putting your total financial situation at risk. In the case of real gambling, you will have fun playing games, but in the case of futures trading, you will only be hyper and go through depression periods, most of the time it is not possible to get anything better than this.
Futures trading is fine as long as you can control yourself (NFA). The most important thing is to pay attention to stop-losses. Many people try to hold onto positions even after they've lost 100%. Of course, if you have a lot of balance and have the opportunity to pull back before it's gone maybe it's okay, but remember, that's a very risky decision and is not recommended at all. Gambling can be far from fun if the player does not have a strategy and control skills too.
Do any of Y'all use indicators in your actual analysis?
I've seen some Pro traders in crypto advocate for no indicators trading but I do know a few that mostly trades via EMA indicators and their crosses like the death crosses. I don't know which strategy works. For now, I just short new launches on MEXC as its a nobrainer endeavour while I use this time to work on finding my edge in this market.
I don't do any futures as of now, it seems that I am just burning my money on it and thus, the market's unpredictability is going to make me liquidated.
We understand that it's risky but there are traders that understands what they do. So in case of OP and the other forum members, they know what they're talking. They have a lot of experience IMO that makes them profitable in there but given that they also have losses, they've learned how to make such analysis for their trades to win. In his question, he's precise on it and that's why he's asking for more strategies that he might try if ever it might work for him.
Nice catch on that A2Z MSS solid entry if liquidity and S/R align. In this kind of consolidating market we must be very careful too. Yes some might think trading futures is safe when the market looks good but there are some unpredictable movement that might catch us off guard. Better to always set up stop loss and take profit features.
That is not an easy task though. So many people (probably more than half of traders) end up losing BECAUSE they can't control themselves. They need to trade by studying the market and looking at the charts and analyse what would be a good trade, and I can tell you already that, if you take all the trades that ended up in a loss, then more than half of it would be because someone didn't do that.
If you do not do it, then how can you expect people to make some money from it. We need to realize it's not going to be easy and we can't get a better return. So focus on what to do and how to get money and you should be doing fine. Because people fail to look at the trades carefully, they end up losing a lot of money from it.
It is pure gambling when you trade shitcoin in the future market. The volatility is so high that the chart will hardly follow any organised and predictable pattern. Irrespective of how the market looks, futures are best for established coins like BTC, ETH and others, which have good liquidity and can not easily be manipulated by few whales.
The simple support and resistance strategy is a strategy that, although simple, can help trades, but to ensure its accuracy and improve its effectiveness, it is a strategy that has to be used together with other indicators like the MACD to tell you the direction of the market or the STOCH or RSI to give you an idea of when to enter the market with either a LONG or SHORT position.
To be really good in trading futures, ignore the noise and focus on a strategy, build your knowledge and understanding around it, and then work on your psychology as a trader because that is like a 70% determinant of your success; strategy is like 30% of it.
Yes, futures are a high-risk type of trading and for this reason it is highly profitable. But you need to know that these risks can be significantly reduced if you adhere to risk management. This is exactly what need to start studying before you start trading, regardless of whether it is spot or futures.
I dont know anything about the coin which you just mentioned above, but do you really think you wont get liquidated when trading coins like that this. We all know how risky trading futures is, when you trading futures, you should know that you can easily lose money compare to when you trading spot, thats just why I dont always encourage people to trade futures trading. When trading coins like A2Z which you mentioned, its always difficult to know the direction which the coin will be going at a specific period of time, and if the trade is against you, then you are likely going to be liquidated.
I've tried so many strategies already, but the one that's giving me the highest win rate is the trendline strategy using the Heiken Ashi candlestick, and I'm mostly sticking on the 4H and the 1H timeframe. Sometimes, I'm also trading using the Fibonacci Retracement and it works sometimes, but not as good as using trendlines. Of course, trendline alone isn't enough because I'm using other indicators as well like the 50 and 200 EMA (for higher timeframe), 10 and 60 EMA (for scalping), RSI, MACD and Bollinger Bands.
Anyway, the OP promoted another shitcoin yet again, so this is just like what other newbies are doing in the past. Indirect advertising of probably a token that they're holding, and currently at a loss that's why they're trying to attract those other newbies out there to buy the token.
Your position will be liquidated only if you have not set a stop loss. Accordingly, if your position has been liquidated, it means that you ignore risk management and it means that you are not engaged in trading, but in a casino.
You should know that not everyone makes use of stop loss when trading, some people prefer to monitor their trade on their own, and that doesnt make the person a gambler, and they dont really like making use of stop loss. If you dont make use of stop loss that doesnt mean you ignoring risk management in trading. As a trader you might be making use of stop loss, and you still going to keep on losing continuously. If you enter a trade, and you set a stop loss, if the stop loss can be hit, then your capital is going to reduce, you might decide to enter a trade again, and still make use of stop loss, and its still going to be hit. All I will say is that there are just some coins that are just so risky trading them on futures.
Futures trading platform is not an easy trading platform. Not everyone can make success in futures trading platform. If you think of futures trading platform as a way to earn easy money, you will lose everything very quickly. Currently I am not involved in futures trading, I am only trying spot trading where I am still afraid to learn trading. Moreover, with the type of token you want to start futures trading, I think you will lose all your money very quickly. If you really want to do futures trading, I would suggest you to do futures trading with the best popular coins such as Bitcoin, Ethereum. Moreover, I strictly prohibit futures trading directly with shitcoin, memecoin, and other altcoins because all these coins will dump at any time which will never be recovered.