⚪️🟡Official BounceBit x Square Campaign Announcement! It’s simple—complete below tasks and earn $10,000 in rewards! Earn $BB coins by: 1. Following our account 2. Sharing this pinned post 3. Participating in eligible trading activities listed here: Official Campaign Post 4. Create a post with a minimum of 100 characters using the hashtag #BounceBit
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, We are pleased to introduce the launch of a new Task Center on the Binance App, where users can earn points by completing simple tasks daily. Simply head to the Creator Center and click on the Check In icon. Activity Period: 2024-10-14 10:00 (UTC) to 2024-11-14 10:00 (UTC) How to Participate Note: Task Center is only available on the Binance App. Promotion A: Complete Daily Tasks to Earn Points All eligible users can complete each of the following tasks once every day during the Activity Period to earn the respective points on a first-come, first-served basis.
Note: For Task 1 under Promotion A, failure to check in consecutively will result in the streak ending and resetting back to day 1. An additional 3 points will be awarded to users who check in daily on the 7th consecutive day. Promotion B: New Square Users Exclusive - Complete Bonus Tasks to Earn More Points New Square users who have never completed the following tasks before the start of the Activity Period can participate in this Promotion. All points are awarded on a first-come, first-served basis.
Note: Each task can only be completed once. Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for the tasks to be completed. Users may qualify for rewards from all Promotions where applicable. The rewards for each Promotion are not mutually exclusive.Users will receive points upon completion of tasks and will be able to redeem their points via Profile > Rewards Hub. Points will expire on the last day of the same month a year later on a first-in, first-out basis.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right of final interpretation of this Activity.
Funding rates are turning negative as short positions pile up and open interest rises. Market sentiment is becoming extremely bearish, with widespread predictions of a bear market. The chatter is filled with ever-lower price targets, and charts show that all previous support levels have become resistance. You’re considering selling your holdings, which have already dropped by around 80%, and you're losing faith in crypto.
It’s clear what’s happening here—this scenario has played out before. Don’t get caught on the wrong side; choose your position wisely.
For me, the deeper the dip, the more bullish I become. Good luck!
Discover How to Earn Free Crypto on Binance: A Simple Guide for Beginners Binance, a global leader in cryptocurrency exchanges, offers numerous opportunities to earn free crypto.
1. Sign-Up Incentives: Spot Account: Open a Binance account and you might be eligible for a welcome reward, typically in cryptocurrency. Binance Earn: Delve into various products like staking and savings to generate returns on your existing crypto assets.
2. **Referral Rewards**: * Encourage your friends to join Binance using your referral link. Both you and your referrals could earn rewards, generally paid in cryptocurrency.
3. **Educational Rewards**: * Binance Academy offers educational courses on cryptocurrency and blockchain. Completing these courses could earn you rewards or tokens.
4. **Futures Trading**: * While trading futures involves risk, there are opportunities to earn rewards or tokens through trading challenges or special promotions.
5. **Launchpad Token Sales**: * Participate in token sales on Binance Launchpad, where you might secure tokens at favorable prices.
6. **BNB Benefits**: * Holding Binance Coin (BNB) can unlock perks like reduced trading fees and access to exclusive events.
7. **Staking and Savings**: * By locking your crypto assets in Binance’s staking or savings products, you can earn interest over a set period.
8. **NFT Marketplace**: * If you're creative, consider minting and selling NFTs on the Binance NFT marketplace, earning crypto from sales.**Key Points to Remember**: * **Risk Awareness**: Although these methods can offer free crypto, investing in digital currencies carries risks. Always do thorough research and understand the potential risks involved.
* **Terms & Conditions**: Be sure to review the terms and conditions of any offer to know the requirements and limitations.
* **Security First**: Protect your Binance account with strong passwords and enable two-factor authentication to ensure your funds remain safe.
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Technical Analysis Report: $SOL /USDT; Current Price: $142.69 Resistance: $144.00 Support: $138.00 $SOL /USDT is approaching a key resistance level at $144.00. A breakout above this resistance could signal a bullish move, leading to potential targets of $146.00 and $148.00. Traders looking to enter a long position might consider entering above $144.00 with a stop loss set just below at $142.00 to manage risk. On the downside, if the price fails to break above the resistance and instead drops below $142.00, it could trigger a bearish movement. In this scenario, short traders might enter below $142.00, targeting $140.00 and $138.00, with a stop loss at $144.00 to minimize losses. This setup provides opportunities for both bullish and bearish trades, depending on the price action near the key levels. Traders should watch these levels closely to confirm their trades. #BecomeCreator
BINANCE UPDATE !! Binance to Remove 9 Spot Trading Pairs on August 23 !! Binance, the world's largest cryptocurrency exchange, has announced the delisting of nine spot trading pairs including the following cryptocurrencies: ARKM, CHZ, ENA, FIRO, IOTA, JOE, OMNI, REZ and SUPER. These pairs will be removed from trading opportunities against fiat and crypto pairs, such as TUSD, EUR, BTC, FDUSD, TRY and BNB, as of August 23 at 06:00 CET. However, the affected tokens will still be available for trading via other pairs on the platform. The delisting decision is part of Binance’s ongoing efforts to improve trading quality and market efficiency. The exchange regularly reviews trading pairs, focusing on liquidity and volume, and removes those that do not meet its standards to protect users and maintain a high-quality trading environment. The move has sparked reactions in the crypto community, with some price volatility being seen as traders adjust their strategies. Binance advises users to review and possibly adjust their trading strategies, especially those using automated bots, as spot trading bot services for these pairs will also be discontinued. #BinanceNews #MtGoxRepayments #BinanceLaunchpoolDOGS #BinanceHODLerBANANA
Here’s a hypothetical trading approach for new traders on Binance to potentially grow $100 to $1000:
**Strategy:** Scalping and Swing Trading **Timeframe:** Short-term (1-7 days) **Cryptocurrencies:** Select 3-5 low-cap altcoins with high liquidity and volatility
**Entry Rules:** 1. Find trending coins using Binance’s “Top Gainers” list. 2. Confirm entry points with technical indicators like RSI, Bollinger Bands, and Moving Averages. 3. Place buy orders 1-2% above the current price.
**Exit Rules:** 1. For scalping, set sell orders 5-10% above the purchase price. 2. For swing trading, hold for 1-3 days and aim for a 10-20% profit.
**Risk Management:** 1. Invest 20-50% of your portfolio in each trade. 2. Set stop-loss orders 2-5% below the purchase price.
**Example:** Starting with $100: 1. Purchase 1000 units of altcoin A at $0.10. 2. Sell 500 units at $0.12 (scalping) for a $60 profit. 3. Hold the remaining 500 units and sell at $0.15 (swing trading) for a $150 profit.
Repeat this method with other chosen altcoins, reinvesting the profits to increase your portfolio.
**Important Notes:** - This strategy is high-risk and can result in losses. - Cryptocurrency markets are very volatile with rapid price changes. - This example is for educational purposes and should not be taken as investment advice. Prioritize learning and risk management before engaging in trading.
To minimize the risk of scams when selecting a buyer on Binance P2P, consider these steps:
1. **Review Buyer Ratings**: Aim for buyers with a rating of 95% or higher and a substantial number of successful trades. 2. **Verify Profile Details**: Ensure the buyer’s profile is fully completed, including details like name, ID, and address. 3. **Choose Secure Payment Methods**: Prefer buyers who use reliable payment methods, such as bank transfers or credit cards. 4. **Avoid Unrealistic Prices**: Be cautious of offers that are significantly below the current market rate. 5. **Monitor Buyer Activity**: Confirm that the buyer is actively trading and promptly responds to messages. 6. **Utilize Binance’s Escrow Service**: Make use of Binance’s trade assurance service, which secures funds until the trade is finalized. 7. **Maintain Clear Communication**: Communicate clearly with the buyer to prevent any misunderstandings. 8. **Look for Verification Badges**: Seek out Binance-verified badges, like “Verified” or “Merchant.” 9. **Stay Alert for Suspicious Behavior**: Be wary of buyers who try to rush the trade or use high-pressure tactics. 10. **Report Any Suspicious Activity**: Contact Binance support immediately if you suspect any suspicious activity.
By following these precautions, you can enhance your chances of engaging with a legitimate buyer on Binance P2P and ensuring a safe trading experience.
#MyFirstSquarePost Hello, Binance Square! Bitcoin's surge today is partly due to better-than-expected U.S. unemployment data. The labor market report showed a lower unemployment rate than anticipated, which reduced fears of an economic slowdown. This, in turn, led to increased investor confidence across various markets, including cryptocurrencies like Bitcoin.
When economic data, such as lower unemployment, suggests a stronger economy, it can boost investor sentiment and drive up prices of risk assets like Bitcoin. This is because a healthy labor market often indicates continued consumer spending and economic stability, which can positively affect both traditional and digital assets. Additionally, lower unemployment could also reduce the likelihood of aggressive Federal Reserve rate hikes, further supporting the bullish trend in Bitcoin