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Watch out for #PIXEL/USDT
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Because this is not like the traditional market. Here price is mainly driven by profit/loss. The value generation by the token has minimal impact.
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Hello TradeMates! The past week has been a rollercoaster in the crypto market. After an unstoppable pump, we've witnessed a staggering cumulative drop of 1,738.46% across various symbols in the perpetual market. What's Happening? Profit-Taking: Many investors are likely cashing out to secure gains from the recent surge.Market Correction: Such rapid increases often lead to corrections as the market stabilizes. What's Next? Short-Term Volatility: Expect fluctuations as the market seeks equilibrium.Potential Reinvestment: Once the market stabilizes, those who cashed out may reinvest, potentially driving prices to new highs. Your Thoughts? What do you think? Are we in for a deeper correction, or is this a brief pause before the next rally? Share your insights in the comments below! 👍Like 😍Follow 🔥Share
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Hello TradeMates! #EDUCATIONL_POST In this post I want to share with you this rarely seen knowledge which you should learn and be your trading Bibles cover page. Without mastering and using this knowledge in your trades you will never be profitable on the long run! 👀 Take this example how to read the table: Trading amount: 100$ On the vertical axis you have the risk reward ratio. From buttom up: 1:9 = 100$ (investment / risk) : 900$ (profit/gain) On the horizontal axis you have the entry win rate probability. From left to right: 10% = Out of 10 trades you make profit 1 time. Meaning the price will increase and you stop loss will not be hit. Reading the table like this will tell you based on statistical facts what has to be your risk / reward ratio and win rate to be profitable. How to use this? 1). Step number one is you have to make sure that your entry has the potential for the risk / reward. Meaning, it is realistic for the price to surge to such an extent to fulfill your selected risk/reward multiplier. 2). Check your trading log, what is your win rate % 3). Adjust your risk reward to be in the profitable range. 4). If the risk/reward and win rate% don't have a crossing look for another oportunity, don't take the trade. - Don't trade with money you don't have - Make the plan, execute the plan 👍Like 🔥Follow 🚀Share
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Hello TradeMates! I just wanted to let you know my stand on the current situation for tought. I made a 4x on my account on the #Election2024 pump. I closed all my positions and took profit. Im going to sit out and wait for couple of days with no trading until the market settels and takes clear direction. I also expect some last minute crazy actions from the Biden administration that will effect negatively the market. I will monitor #Elon X account for any currency references for pump buy. I will use these couple of days, even week to learn something and write a few articles. What is your plan in the current situation? Were you able to profit from the election pump? Leave a comment... 👍Like 🔥 Follow 📢 Share
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