Trading the Range Around the SBD Peg
![4DCE40DE-8358-4827-86D5-E9226316876B.jpeg](https://steemitimages.com/640x0/https://steemitimages.com/DQmb77z4xQPmaXSJSgHRD1v2qVqGaAnjQstn6tMv4YNUMxv/4DCE40DE-8358-4827-86D5-E9226316876B.jpeg)
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
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.
Twitter: @forexbrokr
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Hello forexbrokr!
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