Trading the Range Around the SBD Peg

in steem •  13 days ago

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Hey guys,

With STEEM continuing to go down below the $1 USD mark, the SBD peg becomes even more important for STEEM holders.

Take a look at the way price has continued to respect the peg, fluctuating within a 10c range surrounding the peg level:

SBD/USD 4 Hourly

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This opens up a trading opportunity where we can potentially play from the bottom to top of the range.

I like this play because your downside risk is limited due to the coin’s code, but your upside is still open to the insane pumps that we saw last year.

Peace ✌🏻.




@forexbrokr | Steemit Blog

Forex and Crypto Market Musings.

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Twitter: @forexbrokr
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