Did you see how the coins fell more than expected with those giant red candles?
WELL, I WILL TEACH YOU A TRICK SO YOU DON'T LOSE SO MUCH...
I'll take $WCT as an example, pay close attention to the 2 images so you understand me, and open the $wct chart from here
--> let's assume that wct is going down and you think it will drop to 1.2200 but you're not very sure if it will stop there or go lower, what you should do is the following:
1) place the LIMIT ORDER at 1.2200 without confirming
2) wait for the red candle to reject strongly like in the image
3) as soon as you see it rejecting, confirm the purchase just as it is at 1.2200
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now you may ask, why should I place the limit order at 1.2200 and not close to 1.0700?
- it’s because Binance will not buy the asset at 1.2200, it will buy it at the best price when you place the limit order above the expected price, in this case, it will buy it at the price where you confirmed the purchase, which will be for example at 1.0800.
this is valid if you are in front of the screen and especially when the entire market collapses as it did yesterday.
I used this technique yesterday and avoided catastrophic losses.
this technique will help you a lot in this unstable and declining market, ---- AND THE MOST IMPORTANT: you won't miss any entry and you will avoid buying the asset at a very high price.
I HOPE THIS HAS HELPED YOU, FOLLOW ME AND SHARE IT SO EVERYONE LOSES LESS.