ETH is pumping! Entered at $2,400, targeting $2,600. RSI ind | me vk on Binance Square

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ETH is pumping! Entered at $2,400, targeting $2,600. RSI indicates overbought soon, so I’m setting tight stop-losses. What’s your take on ETH’s next move?

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#SouthKoreaCryptoPolicy South Korea is cracking down on unregistered crypto exchanges to enhance market transparency. The FSC requires all platforms to register by July 2025, with penalties for non-compliance including fines or closures. This follows reports of fraud and market manipulation on smaller exchanges. Major platforms like Upbit and Bithumb are already compliant, but smaller players face challenges meeting stringent requirements. The policy aims to protect investors from scams while fostering trust in the crypto sector. Industry experts predict consolidation as weaker platforms exit. South Korea’s proactive stance positions it as a leader in secure crypto markets.

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#CryptoCharts101 Candlestick patterns on crypto charts are key to predicting price movements. The “Doji” candle, with a small body, signals indecision and potential reversals. “Hammer” candles, with long lower wicks, suggest bullish reversals after a downtrend. Conversely, “Shooting Star” candles hint at bearish reversals post-uptrend. Patterns like “Bullish Engulfing” or “Bearish Engulfing” indicate strong momentum shifts. Recognizing these patterns helps traders time entries and exits. Always confirm patterns with volume and other indicators for accuracy. Platforms like Kraken offer detailed candlestick charts to practice spotting these formations. Study daily to sharpen your skills and trade smarter.

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#TradingMistakes101 Chasing the market is a trap many traders fall into. When prices spike, the temptation to jump in for fear of missing out (FOMO) is strong. However, entering trades late often results in buying at peaks or selling at lows, leading to losses. Instead, wait for confirmation signals or pullbacks to enter at better levels. Patience is crucial in trading—stick to your strategy and avoid impulsive moves. Analyze the market calmly and trade based on logic, not emotions. By waiting for the right setups, you increase your chances of profitable trades and avoid costly mistakes driven by market hype.

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#CryptoFees101 Binance offers ways to cut crypto trading fees. First, hold BNB in your account to get a 25% discount on spot trading fees. Second, increase your 30-day trading volume to qualify for VIP tiers with lower rates, starting at 0.1% for regular users and dropping significantly for high rollers. Third, choose low-fee networks like BNB Chain for withdrawals to minimize costs. Finally, avoid frequent small trades, as fees add up. By strategizing around Binance’s fee structure, you can maximize profits. Check the fee page regularly to stay updated and trade smarter!

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