Binance Wallet has now integrated the #Robinhood Chain.
Users can now seamlessly access and trade tokens on the Robinhood Chain directly via Binance Wallet App and extension, with a smoother multi-chain experience.
๐ ๐ฐ๐๐ง๐ญ ๐ญ๐จ ๐ค๐๐๐ฉ ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ ๐ฐ๐ข๐ญ๐ก @Rachel Conlan ๐๐๐๐๐ฎ๐ฌ๐ admire their career path and leadership that has propelled Binance to become the best crypto ecosystem every day!
$MMT Looking at the MMT chart, the spike was so vertical that it's already showing signs of exhaustion.
After hitting 0.2135, the price retraced to 0.2078, and the last hour's candlestick shows a loss of momentum. Volume has started to decline in the recent candlesticks, and the RSI on shorter timeframes must be close to 70, brushing against overbought territory.
The MACD remains positive, but the histogram is beginning to flatten, suggesting that the bullish momentum is slowing down. When such an aggressive breakout meets resistance right at the psychological level of 0.21, there's usually a pullback to catch some breath ๐ง
The short scenario makes sense if the price fails to surpass 0.2135 in the upcoming candles. The first support zone is at 0.20, and if it loses that with volume, the path to 0.19 and 0.185 opens up.
The risk/reward ratio for a short in this zone is attractive, as long as you enter with discipline and respect the stop loss. But watch out, this is a counter-trend trade, so it's only for traders who know how to manage risk.
Short signal (1hโ4h): ๐ด Short entry: 0.207 ~ 0.210 (rejection zone)
๐ Stop loss: 0.215 (above the daily high)
๐ฏ Take profit 1: 0.195 (intermediate support)
๐ฏ Take profit 2: 0.185 (strong support)
If the price breaks 0.2135 with volume, the short is invalidated and you need to close fast. If the rejection confirms, the move can be quick.
Trade with a small position and tight stops.
This isn't for holding; it's for a scalp over a few hours. ๐
โ ๏ธ This is what happens when the market goes haywire. $BTW plummeted -54% in 24 hours, dropping from a high of 0.198 to a low of 0.071, and now it's flirting with 0.080.
The volume was insane: 687M USDT moved, indicating a massive liquidation of long positions. But watch out, after such a bloodbath, the bounces are usually just as violent.
The 99 MA at 0.085 has been broken, and the price is well below all the moving averages, which technically signals extreme oversold conditions. The MACD remains bearish (histogram at -0.0038), but the candle from the last hour shows an absorption attempt with a volume of 59M BTW and over 4.6M USDT ๐ง
Immediate resistance is at 0.091 (7 MA), and if it breaks through, the next level is 0.104. But the real structural change would be reclaiming the 99 MA at 0.085 and closing above it. On the downside, key support is todayโs low at 0.072.
The risk/reward for a long here is starting to look interesting, but only for traders with guts. The key is to wait for confirmation of the bounce, donโt just dive in headfirst.
Long signal (1hโ4h):
๐ข Entry: 0.078 โ 0.081 (support zone after the drop)
๐ Stop loss: 0.071 (below todayโs low)
๐ฏ Take profit 1: 0.091 (retrace to the 7 MA)
๐ฏ Take profit 2: 0.104 (extension if the bounce gains strength)
BTW, itโs pure adrenaline. The drop was so vertical that the bounce could be just as aggressive, but it might also keep falling if the market canโt find buyers.
๐ค My advice: enter with a small position, keep the stops tight, and if the price moves in your favor, quickly adjust the stop to break-even.
This isnโt for holding; itโs for a high-risk scalp.
And if you donโt like the roller coaster, watch from the sidelines. ๐ข๐
Let me break down the amazing feature Binance has rolled out called BStocks!! (it's incredible)
For a long time, I've wanted to buy stocks, but it was a hassle since you could only do it through American brokers, and being in Latam meant tons of restrictions.
Now everything changes thanks to Binance, which lets you snag American stocks 24/7 using USDT in a quick way that I'll explain based on my experience!
1๏ธโฃ Have some balance in Spot, look for the BStocks option in the market, and pick your preference.
2๏ธโฃ You'll see a section to accept certain terms (a Disclaimer), accept it, and you're good to start buying.
3๏ธโฃ Buy just like you usually do with your cryptos; you allocate the amount of USDT, and you can start from as low as $5.
4๏ธโฃ The process is set; you bought, and now you have your slice of stocks in your spot wallet.
See? It's super easy, and the best part is that we can buy fractions or Satoshis of Tesla, SpaceX, or Nvidia. This was another issue with brokers, where you had to buy whole units; here, you're free to buy whatever you want!
In my case, I bought $NVDAB because I see a lot of potential with artificial intelligence; itโs going to keep trending upwards.
Thanks, Binance, for bringing this product; now we can diversify our portfolio and keep our capital secure here at the best exchange on the planet!
P.S: I attached images of the actual process of how I bought Nvidia ๐โโ๏ธ๐