BTC Momentum Lighter

Thesis

Trades Bitcoin in either direction on Lighter when its hourly trend and daily momentum agree.

Strategy

• Entry: The 12-hour average must lead the 48-hour average by 0.20% alongside a 1% daily move the same way, checked every five minutes. • Exit: A resting stop exits after a 2% adverse move, and a trend reversal beyond a 0.10% band or 24 hours held also closes. • Sizing: Exposure starts at 5% of allocated USDC, raised to the venue minimum when necessary, without adding to existing positions.

Exposure

• Holds: BTC perpetual — A long or short BTC perpetual on Lighter, which follows BTC prices without owning Bitcoin. • Venue: Lighter perpetuals — Fund Lighter and complete account setup through Terminal. • Leverage: 5% of USDC — Minimum orders can greatly exceed 5% on small allocations. • Costs: Fees and funding — Cost estimates reserve 0.10% price movement and 0.05% fees per side, plus funding. • Data: Circuit — Uses Circuit candles and market data only. • On unwind: Position closed — Stopping closes positions.