MastertheMarket #MastertheMarket
Mastering contracts on Binance using these advanced tips!
If you want to improve your long-term performance in contract trading on Binance, let's talk about some advanced techniques that can make a significant difference in your strategy.
🚀 5. Use good types of orders
✅ Limit Orders: These orders allow you to set entry points and precise sorting, preventing sudden surprises due to prevailing market volatility. In periods of strong volatility, give preference to limited price orders so that market orders can minimize their shine and maximize your profits.
✅ Trailing Stop Order: An excellent tool for locking in your profits to limit risks. This order automatically adjusts the stop loss as the price moves in your favor, allowing you to also ride strong trends without limiting your profit potential.
📊 6. Monitor finance rates
Funding amounts play a key role in perpetual contracts. A high funding rate indicates that the market is unbalanced with an increase in long or short positions. This can be a signal for a potential trend reversal.
📌 Insight: Check the regularity of these matters in Binance Futures to anticipate market movements and adjust your strategy accordingly.
💡 Professional advice: Test the leadership in real trading
Before you can get your capital in the game,
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