$CFX
3 Simple Steps for Binance Trading in a Downtrend:
1. Identify the Trend
Use charts to spot lower highs and lower lows — a clear sign of a downtrend. Add basic indicators like the 200-day moving average or RSI to confirm.
🔍 Tip: If price stays below key resistance, it's likely still bearish.
2. Trade With the Trend
Instead of trying to “buy the dip,” focus on:
Short-selling with futures (if experienced)
Or, buying only strong coins at key support levels for short-term gains
💡 Safer play: Use stop-losses to protect your capital.
3. Use Stablecoins to Wait
Don’t force trades. If unsure, move into USDT, BUSD, or FDUSD and wait for a better setup.
🛑 Avoid emotional trades — patience is a strategy.
✅ Remember: Downtrends are for protecting