1. Chart:
Description:
Displays the price movements of Bitcoin (BTC) against the stablecoin (USDC).
Each candle represents a 3-minute time period.
It includes three exponential moving average (EMA) lines:
EMA(7) (yellow): Average price over 7 periods.
EMA(25) (purple): 25-period average price.
EMA(99) (blue): Average price over 99 periods.
Tips:
1. Follow the intersections between the EMA lines:
If the EMA(7) line crosses the EMA(25) or EMA(99) line upwards, it may be a buy signal.
If the opposite happens, it may be a sell signal.
2. Pay attention to price changes: Long candles indicate high volatility, so be careful.
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2. Market Price:
Description:
The current price of Bitcoin is 93,292.00 USDC (in green).
Higher prices (in red) represent sell orders.
The lowest prices (in green) represent buy orders.
Tips:
1. If you want to buy immediately, make sure the price is right and you agree on it.
2. Check the spread between buy and sell orders to determine market liquidity.
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3. Orders Section:
Description:
Order type: “Limit Order”, means you want to buy Bitcoin at a specific price (93,292.00 USDC).
You can enter the amount you want to buy in the (BTC) field.
The total amount is calculated in stablecoin (USDC).
Tips:
1. Use limit order if you do not want to buy the currency at the current market price.
2. Check the availability of the amount in your wallet before submitting the application.
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4. Additional settings:
Description:
Take Profit/Stop Loss: You can set a price to automatically sell the currency when you make a profit or to reduce the loss.
Partitioned request: To divide the request into small parts and execute them gradually.
Tips:
1. Set a stop loss level based on an acceptable percentage of your capital (e.g. 2-5%).
2. Use a take profit order to secure your profits in a volatile market.
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5. Options at the bottom of the screen:
Description:
Wallet: Displays the assets available in your account.
Futures: for trading with leverage (a riskier instrument).
Markets: To access the prices of different currencies.
Trading: Current page for buy and sell orders.
Tips:
1. Before trading, make sure you understand the mechanism of futures contracts if you are using them.
2. Review your portfolio regularly to ensure your assets are appropriately allocated.
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Top General Trading Tips:
1. Use capital management: Do not risk more than 5% of your capital on a single trade.
2. Follow the news: Markets are affected by news, so follow the developments, especially in cryptocurrencies.
3. Define your strategy: whether you are a speculator (short-term trading) or an investor (long-term trading).
4. Avoid greed: Set clear profit and loss goals and stick to them.
If you need further clarification or a detailed explanation of any point, please feel free to ask!