Part 1 of Learning Binance trading:

Step 1: Learn the Basics

1. Understand Cryptocurrency Markets

Spot Trading → Buy/sell actual crypto (e.g., BNB/USDT).

Futures Trading → Trade with leverage (higher risk/reward).

Order Types:

o   Market Order → Instant buy/sell at current price.

o   Limit Order → Buy/sell at a specific price.

o   Stop-Loss (SL) → automatically sells if price drops.

o   Take-Profit (TP) → automatically sells at target profit.

2. Candlestick Patterns (Price Action Basics)

Doji → Indecision (potential reversal).

Hammer/Shooting Star → Reversal signals.

Engulfing Patterns → Strong trend reversal.

3. Support & Resistance

Support → Price tends to bounce up.

Resistance → Price tends to drop.

Breakout → Price moves beyond a key level.

Step 2: Technical Analysis (TA) Tools

1. Moving Averages (MA)

MA 50 & MA 200 → Trend direction (Golden Cross = Bullish, Death Cross = Bearish).

2. RSI (Relative Strength Index)

Overbought (RSI > 70) → Possible pullback.

Oversold (RSI < 30) → Possible bounce.

3. MACD (Moving Average Convergence Divergence)

Bullish Signal: MACD line crosses above signal line.

Bearish Signal: MACD line crosses below signal line.

4. Volume Analysis

High Volume + Price Up → Strong trend.

High Volume + Price Down → Strong sell-off.

Step 3: Risk Management (MOST IMPORTANT!)

1. Never Risk More Than 1-2% per Trade

2. Always Use Stop-Loss (SL)

If buying at 500∗∗,setSLat∗∗500∗∗,setSLat∗∗480 (4% risk).

3. Take-Profit (TP) Strategy

1:2 Risk-Reward Ratio (If risking 10, aim for 10, aim for 20 profit).

Partial Profit Taking → Sell 50% at first TP, let rest run.

Step 4: Trading Strategies

1. Breakout Trading

Buy when price breaks above resistance with volume.

2. Pullback Trading

Buy when price retests support (e.g., $586 for BNB).

Confirm with RSI (oversold) or MACD reversal.

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