#TradingExperience

Here's how a typical Bitcoin spot trade goes on Binance:

**The Setup**

I decided to trade the BTC/USDT pair during a time when prices were jumping around a lot. Looking at the 4-hour chart, I saw that Bitcoin had dropped from $45,000 to about $42,500, hitting a support level that used to be a resistance. The RSI was low at around 30, and the trading volume was picking up on the way back up.

**Entry Strategy**

I placed a limit buy order at $42,800, just above the support level to make sure the bounce was for real. The order went through in about 20 minutes as Bitcoin started climbing again. I used about 5% of my trading money for this trade.

**Trade Management**

I set a stop-loss at $41,800 (about 2.3% below where I bought) to limit my losses. For taking profits, I saw resistance at $44,500 and $46,200 from past price action. My plan was to sell half my position at the first target and let the rest run to the second or use a trailing stop.

**The Outcome**

Bitcoin shot up over the next two days, hitting my first target at $44,500 where I sold half for a roughly 4% gain. The rest climbed higher, and I eventually sold it at $45,800 when it started slowing down. In total, I made about 6.8% on the trade.

**Key Lessons**

Binance’s setup made it easy to manage multiple orders. The important part was having a solid plan before I jumped in, sticking to my stop-loss, and not being too greedy when it came time to take profits. The transaction fees were low (0.1% with a BNB discount), which made this trade worth it.