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Radiant Lotus
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#CryptoCharts101 Read Markets Like a Pro on Binance Spot Trends, Avoid Traps & Time Your Trades Charts are your crypto trading compass. Master these 5 essentials to decode price action and make smarter moves: 1. Candlesticks: The Market’s Pulse Green candle = Price rose (close > open). Red candle = Price fell (close < open). Wicks show rejection ("Price tried to go here but got rejected"). → Binance Tip: Use TradingView on Binance for candle patterns (Hammer, Doji, Engulfing). 2. Support & Resistance: Price’s Battle Zones Support: Price floor (demand zone). Resistance: Price ceiling (supply zone). Breakout = New trend potential; fakeout = Trap! → Binance Tool: Draw lines with Binance’s charting tools. Test breakouts with low-risk orders. 3. Volume: Fuel Behind the Move Rising price + Rising volume = Strong trend. Rising price + Low volume = Warning (weak rally). Volume spike = Big player move or capitulation. → Binance Hack: Track volume bars under charts. Pair with BTC Dominance chart for market context. 4. Simple Moving Averages (SMAs): Trend Filters 50 SMA = Short-term momentum. 200 SMA = Long-term trend ("bull/bull divider"). Golden Cross (50 SMA > 200 SMA) = Bullish signal. *→ Binance Strategy: Spot reversions to SMA on 4H/Daily charts for swing trades.* 5. RSI (Relative Strength Index): Gauge Greed & Fear RSI > 70 = Overbought (sell signal). RSI < 30 = Oversold (buy signal). Divergence = Hidden trend reversal clue. → Binance Pro Tip: Avoid RSI in strong trends (crypto can stay overbought for weeks!).
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#TradingMistakes101 FOMO , Over-leverage ,No stop-loss? These are trader traps! Emotions ruin trades , revenge trading wrecks accounts . Master your mind , stick to a plan , and protect your capital . Learn from losses to level up! Still making these mistakes?
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#SouthKoreaCryptoPolicy What’s brewing in South Korea’s crypto scene? New rules incoming! From July 2024, 80% of assets must go cold + strict insurance & licensing! 20% tax hits in Jan 2025 Institutional investors next? Global transfers now under radar #KCryptoRegulations #CryptoNews
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$BTC Bitcoin Nears Final Target — Breakout Ahead? Bitcoin (BTC) is just inches away from our final resistance target! Price Action shows strong bullish momentum with rising volume. Could this be the breakout everyone's waiting for?
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$LAYER broke All its previous High is the Bike Genuine or manipulation coz soon it will be under 1 USdollar in short it’s a pump and dump coin #Binance #TrumpTariffs #BinanceSquareTalks #BinanceSquareFamily
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