My Recent Trading Experience on Binance

Today I made a short-term trade on Binance using the BTC/USDT pair. After analyzing the 4-hour chart, I noticed that Bitcoin was facing strong resistance around the $62,500 level. There was a clear bearish divergence on the RSI, and the volume was decreasing while the price tried to push higher — a classic sign of a potential pullback.

I placed a short position at $62,200 with 5x leverage using isolated margin. My stop-loss was set at $63,000 to manage risk, and I targeted $60,800 as the take-profit level. Luckily, the price moved as expected after a sudden drop in open interest and weak U.S. job data, which pushed the dollar slightly up and Bitcoin down.

I closed the trade manually at $60,950 for a decent profit. I always try to keep my risk under control and use proper stop-loss and take-profit orders. Binance’s interface made it easy to set all this up quickly.

Next, I’m keeping an eye on ETH/USDT and BNB/USDT. If ETH breaks the $3,500 resistance with strong volume, I might consider entering a long position. Risk management always comes first for me, no matter how confident I feel about a setup.