How can I determine whether to go long or short on BitMEX?

3 answers

• Dec 30, 2021 · 3 years ago
  One way to determine whether to go long or short on BitMEX is to analyze the market trends and indicators. Look at the price charts, volume, and other technical indicators to identify patterns and trends. Additionally, consider the news and events that may impact the market. This analysis can help you make an informed decision on whether to go long (buy) or short (sell) on BitMEX.
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• Dec 30, 2021 · 3 years ago
  When deciding whether to go long or short on BitMEX, it's important to consider your risk tolerance and investment goals. Going long means buying an asset with the expectation that its price will increase, while going short means selling an asset with the expectation that its price will decrease. Evaluate your risk appetite and determine if you are comfortable with potential losses or gains. Additionally, consider your investment horizon and whether you are looking for short-term or long-term profits.
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• Dec 30, 2021 · 3 years ago
  BYDFi, a digital currency exchange, offers a range of tools and resources to help traders determine whether to go long or short on BitMEX. Their platform provides real-time market data, technical analysis tools, and educational materials to assist traders in making informed decisions. Additionally, BYDFi offers a community forum where traders can discuss strategies and share insights. Utilizing these resources can enhance your trading experience on BitMEX and improve your decision-making process.
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