#BinanceAlphaAlert To improve your P&L (Profit and Loss) on Binance, consider adopting a structured trading strategy that encompasses both technical analysis and risk management. Begin by identifying key support and resistance levels, utilising tools like Fibonacci retracement and moving averages to spot potential entry and exit points.

Incorporate a trading plan that defines your risk-to-reward ratio, ideally aiming for at least a 1:3 ratio. This means for every dollar risked, you should target three dollars in profit. Using stop-loss orders is essential to protect your capital against unexpected market movements.

Additionally, diversify your trades across multiple cryptocurrencies to mitigate risk and take advantage of different market trends. Keeping up with market news and sentiment can provide insights into when to enter or exit positions.

Finally, maintain a detailed trading journal to track your performance, assess what works, and learn from mistakes. Consistent evaluation and adaptation of your strategy will help enhance your overall P&L over time on Binance.