One can only take maximum advantage of this when they have equal amount of SBD ans STEEM in hand. For example, 1 side have all the buy orders from SBD to STEEM going all the way down. The other side, having all the sell orders with STEEM to SBD all the way up. This is call straddle. Whichever side it goes, either up or down, 1 side of our order will strike. This is a very common technique used in trading breakout called STRADDLE, in all financial market. Specifically useful as crypto fluctuation is huge.
Likewise, can scale in with the other way round by buying SBD by stage. If position didn't take up, will still have Steem in hand.
Thanks!
Why you know so much even tho you so young? Your dad taught you so many things
One can only take maximum advantage of this when they have equal amount of SBD ans STEEM in hand. For example, 1 side have all the buy orders from SBD to STEEM going all the way down. The other side, having all the sell orders with STEEM to SBD all the way up. This is call straddle. Whichever side it goes, either up or down, 1 side of our order will strike. This is a very common technique used in trading breakout called STRADDLE, in all financial market. Specifically useful as crypto fluctuation is huge.
understood, cool tip!
@dxn welcome!