When All are think ist bearish and then do not buy, big traders take the importance of that and giving the time to bear as much as and then quickly the market make Bullish. Then your chances may be lost.
So thinking the minimum risk dont miss the biggest chance of profit. I'm telling this in my long time of trading experiences 😊 $BNX
"10 Essential Tips for Beginners to Master Trading on Binance in 2024"
1. Understand Basic Terminology 🧠 Before diving into trading, it’s essential to understand common crypto trading terms, such as spot trading, limit order, market order, and stop-limit. Make sure you know what each means to avoid confusion. 2. Do Your Research (DYOR) 🔍 Don’t just rely on hype or rumors when choosing a coin. Always research the project behind the cryptocurrency, its team, and its real-world use cases. In Sinhala: "මම සෙවීම (DYOR)" කියන්නේ, ඔබේම සෙවීමක් කරන්න. 3. Risk Management
🔥 DO YOU LIKE TO DOUBLE YOUR CAPITAL IN FEW DAYS ? 🔥
Most people wait for BTCUSDT to be $120000 for double their capitals. But it does not happen soon.
But think if you found a coin / token pair that was 1.2$ in past week and now it is 0.6$ in the main support line and also fib support golden level.
Yes you know. It is BNX.
No matter even it takes few weeks. While you holding your BTC for few months for 120 000$, this is just few days/ weeks enough with the current situation.
I always need to let you know about these type of chances. So, if you like you can follow me 😇❤
Why Most Traders Lost ? Just Think Different 😇 Here is one way to trade.
01. Market has no heart 💔 02. It does not need both your win or lost. 03. It just act as it is. 04. You should trade according to peoples chart readings.
So forst understand it. Then read this,
05. Most people trade using Chart patterns and indicators. 06. Apply all of them to the chart history. 07. Found the most engaging chart pattern / indicator for each coin/token. 08. Just trading according to it.
May be a Big chance. With its limited suply it can not down much. Only 8 hour left to end both 1 day and 1 week time frames. So, I'm in alert on it. $BNX
If you are thinking for a good and quick income through binance, just read this. You only need is 1 minute. But, It can be a help to gain 1 million dollers for you.
However, if you need to invest in spot trading, in that coin/token , as general
✅ Market cap should be limited ✅ CMP should be in the bottom(Check in one week chart) ✅ Market should have moved to even minimum bullish 100 % from now when look at the past market status. ✅ If the project is strong it is better.
If those are OK, just invest and wait even minimum 2 weeks befor look back in your plan.
🔥 It is must to take a TP level near to the nearest resistance level with a 1-2 % Trailing stop oder.
🔥 If invested, please dont look back hourly 😂 if did, you will never get a profit from spot trading.
🔥 If cant please go for future trading.
NOTE :- (For it become easier to understand everyone, I used simple English as well as normal facts. They can be different according to their progect value.)