Binance leveraged tokens are a special type of tokens that allow you to profit from the fluctuations in the price of an underlying asset in the Binance Futures Market.
For example, you can trade a BTCUP/USDT or BTCDOWN/USDT to profit from the upward and downward fluctuations in the price of BTC/USDT respectively.
However, since it’s on the spot market, you won’t be liquidated. The leveraged token can only drop in price by a large percentage, while you still keep holding it. By trading BLVT, you can make between 1.5x to 3x return/profit on the fluctuations in the price of the underlying asset if the market move in your direction.
Enough talking! Watch the video for better understanding and get your hands dirty by trying it out.
But wait! Make sure you apply the right position sizing techniques.
Don’t trade BLVT with all your capital. 5% is a good amount.
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Bye for now, and keep learning my friend.