Don't you love it when a plan comes together? I had a great short on BTCUSD futures this morning and scored big on a small leverage trade. I am trying out the new Version 2, on-chain exchange on ApolloX which a leverage trading DEX on BSC. No KYC, but if you are a US citizen, you have to use a VPN. No accounts needed. Just sign in with your Metamask or other Web3 EVM wallet and get to trading!
What's cool about the Version 2 model is that you keep your funds in your wallet! You have to sign every entry and exit, which does cost a bit of gas, so you will need a small amount of BNB in your wallet for that. The exchange fees are 0.08% so not bad at all. I placed only a 10 USDC trade on a short, but ended up with over a 100% win on the trade using 100x leverage, so ended up with over a 10 USDC profit!
The Logical Trading Indicator PRO called it perfectly! I got in just after the sell signal and death cross of the basis and long period moving average on the 1 minute time frame and had a heck of a profit, well based on the amount I put at risk. I could have let it go more, but I hit my take profit point, actually beyond it, and the trade closed automatically.
Being this was the first time I have used this part of the trading platform, as I have been trading their Version 1 order book DEX for some time, I can say I liked it a lot. Not near the slippage and really made for a smooth trade. My favorite part is that I keep the funds under my control instead of having to deposit and withdraw from the version 1 contract. Honestly I have never had a problem with the Version 1 exchange before, and love trading on it, but I really like keeping the funds in my wallet. Just makes me feel safer.
So if you want to try trading on an on-chain leverage exchange where you keep control over your funds, then you should check out the ApolloX exchange and support trading on a DEX instead of relying on a CEX to make your money and report you to the government!
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Many of my cryptocurrency related articles as well as trading articles can also be found on my crypto research site, Coin Logic.
I also post trading chart ideas on my TradingView Profile.
Disclaimer:
The information in this trade journal is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
