Everyone should know this 👇
how to forget about liquidations for good 🚨
When the market drops, the first instinct is to close your position and forget about it. But with spot trading, you shouldn't always make decisions based on emotions. There are no liquidations like there are with futures, but that doesn't mean every asset is guaranteed to recover.
📉 What should you do if the price starts falling?
If you believe in the project, you could consider buying more. That way, you'll lower your average entry price.
Which projects would I keep on my radar right now?
$HYPE - interesting thanks to the revenue generated by its trading platform and its token buyback mechanism.
$AERO - a bet on the growth of the Base ecosystem, rising DEX volumes, and the protocol's fee economics.
$BNB - a bet on the world's largest exchange, Binance, the growth of its ecosystem, and regular token burns.
I've held all three tokens on spot since the start of the year. HYPE and AERO have already posted triple-digit gains, while BNB is up by double digits. This has significantly increased my capital (by 4,000 USDT), but so far I've only taken some profits on HYPE. I'm still holding AERO and BNB.
Spot trading gives you more flexibility with timing. Sometimes it's wiser to wait; other times, to rethink your strategy.
#BinancekzWin
how to forget about liquidations for good 🚨
When the market drops, the first instinct is to close your position and forget about it. But with spot trading, you shouldn't always make decisions based on emotions. There are no liquidations like there are with futures, but that doesn't mean every asset is guaranteed to recover.
📉 What should you do if the price starts falling?
If you believe in the project, you could consider buying more. That way, you'll lower your average entry price.
Which projects would I keep on my radar right now?
$HYPE - interesting thanks to the revenue generated by its trading platform and its token buyback mechanism.
$AERO - a bet on the growth of the Base ecosystem, rising DEX volumes, and the protocol's fee economics.
$BNB - a bet on the world's largest exchange, Binance, the growth of its ecosystem, and regular token burns.
I've held all three tokens on spot since the start of the year. HYPE and AERO have already posted triple-digit gains, while BNB is up by double digits. This has significantly increased my capital (by 4,000 USDT), but so far I've only taken some profits on HYPE. I'm still holding AERO and BNB.
Spot trading gives you more flexibility with timing. Sometimes it's wiser to wait; other times, to rethink your strategy.
#BinancekzWin