đ„ EPISODE 2 â HOW TO CHOOSE YOUR ENTRY POINT IN SPOT?
Youâve understood Spot. Now, an important question:
đ When should you buy?
â Donât chase a cryptocurrency just because it just went up.
đ§ 3 THINGS TO OBSERVE
đ 1. The trend
Is the price going up, down, or moving within a range?
đ 2. Support
Watch the zones where the price has already found buyers.
đ 3. Volume
A move accompanied by strong volume may be more meaningful than a move with very little volume.
đ° EXAMPLE
$BTC is at 100,000 USDT.
You shouldnât automatically buy at 100,000.
You can define in advance:
đą Buy zone
đŻ Target
đŽ Level where your scenario is invalidated
Then you wait.
No rushing. No FOMO.
đ TODAYâS EXERCISE
Open the $BTC chart.
Choose a timeframe: 4H.
Find:
âĄïž 1 support
âĄïž 1 resistance
âĄïž 1 zone where you would consider an entry
And above all⊠donât buy just to do the exercise. đ
đ„ Next lesson: how to place a Limit order and a Market order on Binance.
#Binance #Spot #BTC #Crypto #Trading #DĂ©butant #BinanceSquare
Youâve understood Spot. Now, an important question:
đ When should you buy?
â Donât chase a cryptocurrency just because it just went up.
đ§ 3 THINGS TO OBSERVE
đ 1. The trend
Is the price going up, down, or moving within a range?
đ 2. Support
Watch the zones where the price has already found buyers.
đ 3. Volume
A move accompanied by strong volume may be more meaningful than a move with very little volume.
đ° EXAMPLE
$BTC is at 100,000 USDT.
You shouldnât automatically buy at 100,000.
You can define in advance:
đą Buy zone
đŻ Target
đŽ Level where your scenario is invalidated
Then you wait.
No rushing. No FOMO.
đ TODAYâS EXERCISE
Open the $BTC chart.
Choose a timeframe: 4H.
Find:
âĄïž 1 support
âĄïž 1 resistance
âĄïž 1 zone where you would consider an entry
And above all⊠donât buy just to do the exercise. đ
đ„ Next lesson: how to place a Limit order and a Market order on Binance.
#Binance #Spot #BTC #Crypto #Trading #DĂ©butant #BinanceSquare
