Today in the morning, I decided to take BIRB Long because the BIRB owner has finalized deals with three new exchanges for upcoming listings. When a coin is about to be listed on new exchanges, many gambler traders rush to take short positions. Because of this, the coin can move aggressively without any clear reason, as market makers aim to profit from liquidating these short positions.
I entered this trade with just $89 margin, and now the profit has reached $1,140. This is my second account—I also took the same trade on my other account, where I easily made $100K+ profit.
Congratulations 🎉to everyone who followed this trade and enjoyed the profits.
Don’t forget to follow tradingbycfai and leave your positive comments.
Trade smart — be a trader, not a gambler 💪📈