I have no experience trading futures, but Im interested in opening a leveraged long maybe 4x or 5x in ETH before rate cuts,
The last time the FED announced that they were open to an interest rate cut, ETH rose more than 10%, this makes me think that it might be a good idea to open a position before the rate cut announcement.
Its money I can afford to lose so I won’t use a stop loss, I will take a position a few hours before the announcement, so what do you guys think?
Opening a leveraged Long in ETH before the interest rate cuts. Its a good idea?
byu/ImmaDany inCryptoMarkets
Posted by ImmaDany
5 Comments
I’d say it’s not a good plan. I get stuck everytime since I neglect to sell the news, then need to wait after the drop to recover. I am fully expecting it to climb until rate cuts and then plummet right afterwards. If I were you I would buy after the rate cuts instead of before since there will surely be a sell the news event (which I am going to be part of this time).
Isn’t everyone gonna think the same tho, not sure if it’ll be this easy but good luck gang
Problably not
When is the interests rate cuts ?
I wouldn’t use leverage around unpredictable events like that personally.