Futures trading is often chosen because it provides attractive profits for users. Bitrue has attractive offers so you can get bigger profits in trading futures. Bitrue Futures Trading Competition is being implemented with prizes up to 1,000,000 USDT!
Check out the explanation of the terms and conditions for taking part in this futures trading competition from Bitrue.
Strategi Crypto Futures Trading
Before discussing the Bitrue futures trading competition, you might want to learn strategies for trading crypto futures. That way, you are not just taking part in the competition, but also making a long-term investment so that you can get maximum profits for a long time.
1. Understand the terms in crypto futures trading, such as long position, short position, and hedging to know the price expectations for the asset you are targeting and reduce the risk of loss.
2. Also understand technical indicators so that when doing research on the price chart of a crypto asset, you can know what its potential is now and in the future. Know how to read RSI, MACD, moving averages, and Bollinger Bands.
3. Take advantage of important news and announcements that can influence asset prices.
4. Conduct an in-depth analysis of the crypto project to assess its growth potential.
5. Manage risk. Use stop-loss orders to limit losses if prices move against your predictions.
6. Learn money management. Allocate proper funds for trading and avoid risking too much money in one transaction.
7. Use leverage carefully, Leverage can magnify profits, but it can also magnify losses.
8. Practice with a demo account. Try different strategies on a demo account before using real money.
9. Stay updated with market news. Follow the latest developments in the cryptocurrency market.
Bitrue Futures Trading Competition: Registration Requirements
There are no special requirements to take part in the Bitrue Futures Trading Competition. You just have to be a Bitrue user and verify properly. After that, you have to trade futures for all USDT, USDC, and Coin-M pairings.
The competition period starts on 24 October 2024 and ends on 07 November 2024.
Bitrue Futures Trading Competition Prizes
The prize conditions for this competition are:
1. For each 2,000 USDT futures trading, you will receive one lottery opportunity. There is no limit to the number of draws.
2. Cumulative trading volume consists of trades in supported futures contracts after registration. For contracts not denominated in USDT, trading volume will be converted to USDT based on the current price at the time of trading.
3. All lottery tokens that are not used until the end of the event will be considered forfeited. So, you have to use the raffle tokens before the event ends.
4. USDT rewards will be credited to your futures account within 2 hours of winning.
5. Prizes will be distributed to winning users in the form of USDT a maximum of 7 days after the competition ends.
Bitrue Futures Trading Competition Ranking Terms
The calculation of the number of participants trades for ranking is carried out by looking at the trading data made by participants during the competition. The calculation is Trading volume = Buy + Sell.
The Bitrue Futures Trading Competition ranking criteria are:
1. Ranking statistics for this futures trading competition are based on the trading volume carried out by participants.
2. Minimum Trading Volume is calculated during the competition, futures trading volume must be ≥ 10,000 USDT. Participants who meet the trading volume requirements will be eligible to receive prizes; Participants who fail to meet the minimum trading volume requirements before the end of the competition will not receive any prizes.
3. The rule for dividing bonuses to get the same rank as Bit users on the leaderboard is to divide the bonus.
4. Prizes can be accumulated and are not mutually exclusive.
5. Bitrue Futures VIP users do not participate in the distribution of prize pools.
Conclusion
That is information about the Bitrue Futures Trading Competition. Bitrue has the right to select the winner and cancel the winner’s participation if the participant is found to have cheated.
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