Trading perps is difficult.
Especially with a coin like @SonicLabs $S
I trade perps for 2 reasons
1 - Cuz I'm bored (this is a terrible reason!!)
2 - Cuz it keeps me watching the charts
I have open CDPs that require monitoring to avoid liquidations.
I have CLPs that may require rebalancing, closing, or opening.
Perhaps one day I will show these two above more clearly for using. But I do think it's clear enough for my long-term followers.
a 6-7% dip in price is not usually something that would require fast action, but it is certainly information that might require me to adjust.
Keep in mind that $ETH also has a dip of 6-7% at the time of writing. Tides move all ships.
But there are certainly plenty that dip far more than ETH. Make your bets accordingly.
Show original
3.67K
29
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.