never use stop loss. instead add another position where you put your stop loss to dca and improve entry. sl is nothing but to let market makers know where to hit you
Pampa1
9 فبراير
💔 RUNE's Heartbreak Hill: Why I'm Shorting This Token (and Why You Should Pay Attention!) 📉
$RUNE
Hey Binance Square Fam! 👋 Get ready for some real talk about RUNE (THOR Chain). While I recently closed my short position on TONcoin (after getting wicked out 😭), I've opened a new short on RUNE – and here's why! 🕵️♂️ (Image of the chart you provided) As you can see from the chart, RUNE has been on a downward spiral for weeks! 🎢 And honestly, I don't think the pain is over yet. This token has been selling off HARD, and the momentum seems to be continuing. <br> Here's my rationale for shorting RUNE: * Bearish Momentum: The trend is clearly down. Trying to catch a falling knife 🔪 can be dangerous, and RUNE's price action suggests further downside potential. * Untested Support: RUNE is approaching a weekly support area around $0.936 🚧, but it hasn't been tested yet. If BTC starts to dump again (which I believe is likely 👀), this support level could easily break, leading to even lower prices. * Averaging In: My strategy is to average into my short position ⚖️. This means I'll add to my position as the price moves lower, allowing me to potentially maximize my profits if the downtrend continues. <br> Important Considerations: * Risk Management: Shorting any asset carries significant risk ⚠️. Only short what you can afford to lose, and always use stop-loss orders to protect your capital. * Market Volatility: The crypto market is incredibly volatile 🎢. Be prepared for unexpected price swings and have a clear exit strategy in place. * Fundamental Analysis: While technical analysis suggests a short opportunity, it's crucial to also consider the fundamentals of THOR Chain. Are there any underlying issues driving the sell-off? Do your own research! 🧐 <br> Disclaimer: I'm sharing my personal trading strategy, not providing financial advice. Always do your own due diligence and make informed decisions based on your own risk tolerance. What do you think about RUNE's current price action? Are you also seeing bearish signals? Share your thoughts in the comments below! 👇 Let's discuss! 💡 #RUNE #THORChain #Short #CryptoTrading #BinanceSquare 💔
Mark my words with ur current strategy, you will soon have your account blown. The only difference is that you will have 0 balance. crypto is not for trading, it's for investment
Zeb Khan
9 فبراير
صاعد
Post # 2 of loss recovery journey. Greetings and Assalamualaikum Fellow Traders. In my last post I shared that I lost my entire investment of $2000 trading crypto on Binance within 2 months and hoped to recover this amount by the end of the year.
At that time I had $270, and by the end of the year I aim to have at least $2500. (Loss recovery and some profit to account the profit I could have gotten in stocks / mutual fund etc).
It has been about 5 days since then, and I'm glad to share that I have made good progress. Although I aimed for $5-$10 a day, but did much better than I imagined. My portfolio is now about $460. (An increase of 70%) (The picture shows 550 but I borrowed $90 for trading ). So about $2000 more to go 😅.
The last 3 days were exceptionally great.
Hope you guys are doing good as well.
Just a few tips for new traders: 1. Be careful with leverage (keep it to 5x or 10x max) or avoid future trading altogether.
2. Better to stay with spot trading (Buy near 24 hour low number and place sell order at about half of 24 hour max. or 2-3% profit). Steady profits are better than losses in pursuit of quick riches.
A fresh wallet, potentially an insider, spent 1,363 $SOL ($188K) to buy 52.09M $DJT tokens just before the news of Trump’s official $DJT token launch on Solana. Following the news, the wallet withdrew another 1,000 $SOL ($138K) from Binance to purchase an additional 6.62M $DJT. This wallet now holds 58.71M $DJT, valued at $1.56M, making it the third-largest holder of $DJT.
STOP LOSS: 0.217 ➖➖➖➖➖➖➖ Don't forget to follow for more signals. Follow me and always stay profitable. Rule: Secure 30% profit on 2nd Target and reduce position gradually. Never be greedy and Stay profitable.
Join the Telegram group to get free indicator alerts by my Bot which is configured to indicate a move of a coin in advance.
All Future Pairs on Binance are supported by the bot. Be the first to know about upcoming move of a coin. Free membership is applicable for first 100 joiners using the link below. replace p with t and .you with .me
STOP LOSS: 1.9545 ➖➖➖➖➖➖➖ Follow for more trades. Take multiple enteries. Dont be greedy, Stay profitable. Secure 30% profit on third milestone and put SL on entry.
TRADE SIGNAL $ARKM /USDT (5x) LONG ➖➖➖➖➖➖➖ ENTRY: 1.89 - 2.045
Short Term: 2.072 2.095 2.15 2.3 2.5
Mid Term: 2.7 2.9 3.3 3.6 4
STOP LOSS: 1.7518 ➖➖➖➖➖➖➖ Follow for more trades. Take multiple entries. Take 30% profit on the third milestone and put SL on entry. Don't be greedy and stay profitable.
Don't forget to follow for more trading signals and insights. Take multiple Enteries, secure 30% position on this target and move SL to entry. Dont be greedy and stay profitable.
Please don't forget to follow for more trading signals and always make multiple enteries and take 30% profit on third target. Never be greedy and stay profitable.