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๐ this @goldenlionCEO signals why i am follow you ๐
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๐ Understanding Trade Setups and Risk Management in Binance Futures Hey Binance Community! ๐ Today, letโs dive into how traders identify potential trade setups in Binance Futures using technical analysis and risk management strategiesโwithout overleveraging. ๐ข Trade Setups Example: Traders often look for high-accuracy setups, marked by: Entry points (e.g., $8.277 for NMR/USDT) Stop-loss levels (e.g., $7.900 for NMR/USDT) to manage risk. Multiple take-profit targets to lock in gains progressively. ๐ Technical Insights: Many traders monitor key levels of resistance where large โwhale footprintsโ might signal a potential reversal. These can be opportunities for short-term scalps or intraday trades. Always remember: these levels are potential turning points, not guarantees. โ ๏ธ Risk Management is Key: Use stop-loss orders to protect your capital. Never risk more than you can afford to lose. Stick to your strategy and avoid overleveraging, especially with high leverage levels like 75x. ๐ก Educational Reminder: Trading in Futures carries significant risk and is not suitable for everyone. Always trade responsibly and consider testing your strategies on a demo account before going live. ๐ Stay safe, and remember: No one can predict the market with 100% certainty. Focus on learning, practicing, and protecting your capital. #BinanceFutures #TradingEducation #RiskManagement #DYOR #BinanceCommunity
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See how my prediction is. Remember that this is just a prediction and not financial advice. This is the prediction given after LPT, NMR. If you want more predictions like this, good luck
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