OpenLedger shows false breakout in 15 minutes candle sticks. let's wait for one more candle to confirm the direction of the market.
MACDs, and candle patterns show a possible uptrend.
Keep a close look at #Open if 2-3 candle sticks rises above resistance levels, enter the market and set stop losses just below the support and resistance levels. On spot market buy and hodl.
#How to avoid losses on Binance I am crypto pro analyst, follow me for more useful content. I have been on Binance for 2.4 years and therefore I know what the market looks like.
1. Have a plan. Do you want to scalp? do you want to be a swing trader? or do you want to hodl your bag for long term? Proper planning will help you secure good entry and exit positions.
2. Avoid highly volatile altcoins If you ever notice that prices of a certain coin started jumping and then flying but you missed a good entry then don't buy it. You will buy at the top expecting further gains only to get the opposite.
3. Go the opposite. When everyone is running to buy a certain coin because it skyrocketed 65% don't buy it instead do an analysis of coins that are poised for gains and buy them. sell what other are running to buy, buy what they are not.
4. Understand the candle sticks and Indicators. This will help to identify entry and exit positions as a scalper or swing trader.
5. Diversify your portfolio. One altcoins falls but the other gains. Profits from one will cover losses from the other.
6. Take Profits. Once your portfolio gains, take Profits at some point. Prices will not keep rising they will fall and your gains will succumb.
Keep an eye on them. #OG is very close to reaching a new all time high.
#NMR may pump greatly if the bull's momentum continues .
WLD rally is just about to begin. Keep an eye on a bear trap and open a trade. WLD has a strong community support and adoption. Remember to be cautious with your portfolio don't buy altcoins that are done with the rally.
3 coins that are racing to $1000 that will bring more than 2X your investment 1. Binance coin: (BNB) BNB has indicated a bullish move all through. Hodl BNB now, and you will thank me later. experts believe that BNB is racing beyond its all-time high of $686.31, which was on May 10, 2021. They further say that if the bullish sentiments continue, BNB could reach $1000. 2. Bitcoin Cash (BCH) BCH has increased with +43% in the last 24 hours, which is as low as $314.0 to $474.6. BCH has been showing an uptrend all through. Though bearish sentiments may arise, BCH will be a bull run to $1000 in a few weeks. This coin is also not as volatile as other coins. 3. Bittensor (TAO) Bittensor is an open-source, decentralized AI network that enables users to train, deploy, and monetize AI models. It is built on the Tao blockchain, a Proof-of-Stake (PoS) network, which facilitates the transactions and incentivization of the network participants. The primary objective of Bittensor is to democratize access to AI by enabling users to create, share, and monetize AI models without relying on centralized platforms or intermediaries. Bittensor is currently trading at $644.28 The three coins have a potentia to reach $1000, but before you make a decision to invest DYOR. Please like and share if you find this information useful. You can also give me a tip when you find out that we had analysed the market well enough to suit your needs.
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