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TurtleBitChomp
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Bearish
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I have been testing copy trading for a week.
That is, he trusted other people.
LOSING MONEY week.
And who has what experience?
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$XRP - $3.40??? The XRP/USDT pair is currently consolidating within a downward channel between key levels. The price is near the upper boundary (~$2.42) and is moving in a wedge formation, which could indicate a potential breakout in either direction. Key Levels: Fib support levels: $2.24 (0.382), $2.09 (0.5), $1.94 (0.618) Key resistance: $2.72 (local high) Scenarios: Bullish Scenario (upward breakout): A break above the descending trendline and a hold above $2.42 will signal a continued rally toward $2.70 and potentially higher to $3.40. Probability: ~60% Bearish Scenario (downward pullback): If the price fails to overcome $2.42 and continues moving within the descending channel, a drop to $2.24 or even $2.09 (the 0.5 Fib level) is possible. Probability: ~40% Plan of Action: If you expect an uptrend: consider a gradual entry after a breakout and consolidation above $2.42, with a tight stop loss below that level. If you anticipate a pullback: place buy orders near $2.24 or $2.09 to take advantage of a potential bounce. Post Title for Binance: "XRP at a Crossroads: Preparing for an Explosive Move or a Deep Correction?" #2024withBinance
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Leverage 5, 7, 10, or 100? I’ve defined the perfect leverage for myself — it’s 7. I use it only when I’m confident in what I’m doing. In my main margin trading, I stick to leverage 3 — it’s the most balanced and safest option. Greed can cost you a lot. Let me share a short story. Once, I managed to achieve +4500% in just 4 weeks. And no, it wasn’t on altcoins. It was Gold, $BTC , and $XRP , with Gold making up the majority. The average leverage I used ranged from 7 to 17 (which was already too much). I made 72 trades, 65 of which were profitable. Then I got carried away. My leverage increased to 20, 30, 50, and even 100. At that point, I completely lost control: no rational thinking, just emotions. The result? Zero. Failure. Depression. After that experience, I promised myself never to use leverage above 11. And you know what? Life has become much better. Maybe my story won’t seem interesting to you, but I hope it’s useful. Don’t make the same mistakes I did. I often see influencers recommending such risky trades and broadcasting this to a wide audience. Remember: this is a path to losing everything. Even if you get lucky once or twice, it doesn’t guarantee long-term success. This was my short story. Thanks for your attention! #2024withBinance #Bitcoin
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Friends, remember: the market is always a journey filled with ups and downs. Even during tough times when charts are in the red, you have the power to keep your emotions in check. Here are a few simple yet effective tips: 1. Acknowledge the market cycle: The market moves in waves. Today’s downturn could be tomorrow’s chance. There are no endless declines, just as there are no eternal rallies. 2. Have a clear strategy: If you know your entry and exit points beforehand, you rely less on emotions. You’re in control of the game, not the other way around. 3. Diversify your risks: Don’t put all your capital into a single asset. Spread out your investments so one bad day won’t turn your world upside down. 4. Rely on facts: Verify information, analyze market data. Decisions grounded in real metrics are always stronger than those built on rumors. 5. Keep learning and growing: Experience leads to confidence. Read, listen, observe, and broaden your perspective. Every day offers a new lesson. Remember, you’re not alone in this. Within the Binance community, there are always others on a similar journey. Together, we can learn to stay cool, think clearly, and overcome any challenge! #2024withBinance
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$ATOM The correction from the peak around 10 USDT is guiding the price towards key Fibonacci levels: 0.5 Fib ~7.3 USDT 0.618 Fib ~6.5 USDT These zones could become potential bounce points. If the price remains above 7.3 USDT, a rebound to 8-9 USDT is possible. A drop below 7 USDT will bring it closer to 6.5 USDT as a key support level. Holding these levels may lead to a trend recovery, while a break below them would deepen the decline. #2024withBinance
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$XRP - $1.93 $DOGE - $0.35 $ATOM - $7.0 ETH - $3330 BNB - $495 These are the buy orders I placed yesterday. Ambitious? YES. By the way, for XRP, the price hit $1.90 today, and my order DIDN'T EXECUTE!!! That’s a bit disappointing. That’s how the market is right now—crypto, in one word. It’s like that. For now, I’ve closed all orders to allow for proper analysis. The worst thing is catching the price on falling knives. I’ve kept only one position in ATOM—with an entry at $4.73. Currently, in just a day and a half, the position has dropped by approximately 45%, but I was prepared for this. What to do? Analyze and wait. The correction on #Bitcoin is still very minor, and altcoins have shown their incredible weakness. As always. #2024withBinance
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