LEARN BINANCE FUTURES IN 30 SECONDS - $ETH USDC Example đ
Many new traders lose money because they don't know these 5 buttons in your screenshot đ
1. CROSS 20x =
Your whole wallet is at risk. If trade goes wrong, Binance will take from all your balance. Beginners should use ISOLATED.
2. LIMIT + BBOT =
Limit means you set your own price. BBO = Best Bid Offer. In pic: Price 2660.26 = You want to buy $ETH at that price, not market price.
3. FUNDING 0.00477% =
Every 8 hours you pay or get fee for holding trade. Right now Longs are paying Shorts. Countdown 05:27:45 left.
4. ORDER BOOK (Red & Green numbers) =
Red 2,660.34 = People SELLING
Green 2,660.26 = People BUYING
Where more volume = strong support/resistance.
5. MA60 2,662.80 =
Price (2,660.29) is BELOW MA60 line. Means short-term trend is WEAK / Bearish. That is why $ETH -3.12% today.
BONUS: Never trade with 20x at start. Start with 2x-3x only.
Save this post - You will need it before your next trade đ
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#BinanceTutorial #ETHUSDC # #FuturesTrading #CryptoForBeginners #ETH
