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#BinanceTurns8 Celebrate  binance turns 8 Join us as we mark Binance's 8th anniversary with exciting activities, giveaways, and exclusive rewards!

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#TrendTradingStrategy TREND TRADING Trend trading is a strategy that involves traders analysing the direction of trends for financial instruments. When an asset is seeing an upward trend, traders would often look to enter into a long position and buy. In the opposite scenario, when trend direction is downward, traders would go short and sell. SHORT-TERM TREND TRADING Short-term traders such as day traders like to keep their eye on trends that arise throughout the day in short periods in order to try and benefit from short-term price fluctuations. INTRADAY TREND TRADING Intraday trend traders would usually hold positions until the end of each day. Therefore, day traders can analyse trends that are only active for a short time period within the day, even for a few minutes or hours. LONG-TERM TREND TRADING Long-term trend trading involves holding on to a position for longer periods of time, often that is in an uptrend. This could be a few weeks, months, or even years. POSITION TRADING One of the most popular trading strategies among long-term traders is position trading. This trading method enables trend traders to buy and hold a position for extended periods of time. Without concerning themselves with shorter-term trend movements, the focus is on the long-term objective.

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#SECETFApproval Solana ETF Approval on Hold: SEC Requests Filing Revisions from Issuers The wait for a Solana (SOL) exchange-traded fund (ETF) has been extended as the Securities and Exchange Commission (SEC) delayed approval of the application submitted by Fidelity. The proposed ETF now faces additional review and required changes before it can move forward. Solana ETF Approval on Hold: SEC Requests Filing In Brief The SEC has delayed its decision on Fidelity’s proposed Solana (SOL) ETF, extending the review process. Issuers were asked to amend and refile their S-1 documents by the end of July. Analysts, including Bloomberg’s James Seyffart, view the delay as expected and anticipate approval later this year. Despite the regulatory hold-up, Solana has shown strong on-chain activity and capital inflows, surpassing Ethereum.

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#BreakoutTradingStrategy What Is a Breakout Trading Strategy? Ever wondered how to catch big price moves before they happen? You’re not alone. Many forex traders struggle with timing their entries, often missing profitable opportunities. This is where the breakout trading strategy comes in—a method that allows traders to capitalize on market momentum and ride strong price movements. When used correctly, breakout trading can be a mighty effective forex trading strategy, helping traders take advantage of volatility while minimizing risk. But, as usual, the keyword here is “correctly.” Mastering the breakout strategy can take some time. It can, however, be invaluable to growing your trading career—whether independently or with a little help from a prop trading firm like City Traders Imperium (CTI). So, to help you understand this strategy, we’ve put together this handy guide to breakout trading. Let’s dive in! What Is a Breakout Strategy? To understand how breakout trading works, let’s first clarify what a breakout is. Simply put, a breakout occurs when the price moves beyond a key support or resistance level with strong momentum. This move signals the potential for a new trend as traders rush to capitalize on the breakout. Breakouts can be bullish (price breaks above resistance) or bearish (price breaks below support). The key to success lies in identifying high-probability breakout setups and confirming them with volume and price action. How to trade breakouts? We’ll cover this in more detail in a minute. In short, though, a breakout trade involves: taking a long position when the asset’s price moves above a resistance level or taking a short position when it drops below a support level. Once the price surpasses this key level, volatility typically increases, and the asset often continues trending toward the breakout.

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$SOL Lack of momentum in Solana delays trendline breakout Solana hovers below a six-month resistance trendline retraced from the close of January 18 and the highs of May 22 and June 11. At the time of writing, SOL edges higher by nearly 0.50% following the 1.96% pullback on Monday. As Solana hovers close to the overhead trendline, it floats above the 23.6% Fibonacci retracement level at $142, drawn from the $295 all-time high on January 19 to the $95 low on April 7. A potential daily close above the trendline at $151 could ignite a trend reversal in Solana. Still, a decisive push above the Supertrend indicator line and the 200-day Exponential Moving Average, which are near $159, could provide a stronger trend reversal sign. In such a case, the 50% Fibonacci level at $195 could be the immediate price target. The Moving Average Convergence/Divergence (MACD) indicator shows the MACD and signal line close to crossing above the zero line. However, the declining histogram bars suggest a crossover risk, a sell signal. The Relative Strength Index (RSI) is hovering near the midpoint of 50, indicating indecision among investors. If Solana closes below the 23.6% Fibonacci level at $142, it could decline closer to the $100 psychological support level. SOL/USDT daily price chart.

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