📈 Where Should I BUY and Where Should I TAKE PROFIT?
🎯 Beginners' Dilemma Unlocked!
You’ve just spotted a “hot” coin. The chart looks promising.
You feel the urge to buy. But…
Where exactly should you buy? And where should you take profit?
Welcome to the eternal riddle every beginner faces.
Let’s solve it.
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😵 The Common Beginner Mistake:
Buying at the Top, Selling at the Bottom.
Why?
Because emotions, FOMO, and random decisions ruin the plan.
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🔍 Step 1: Know the Right Place to BUY 🛒
Ask yourself:
✅ Is this a support zone (price level where buyers previously stepped in)?
✅ Is this after a pullback—not during a full-blown pump?
✅ Are there any technical indicators confirming entry (RSI below 40, MACD crossover, bullish candlestick pattern)?
Golden Rule:
📉 Buy the dip only if there’s confirmation—don’t catch falling knives blindly!
> 💡 “You make your money when you buy, not just when you sell.”
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🚀 Step 2: Know When to TAKE PROFIT 💰
Ask yourself:
✅ What is your target profit? (E.g., 3%, 5%, 10% gain?)
✅ Is the price near a resistance level (a price where it previously struggled)?
✅ Are you watching the volume and momentum?
✅ Are indicators saying it's overbought (RSI > 70, bearish divergence, candle exhaustion)?
Pro Tip:
🎯 Set a Take Profit (TP) in advance — and stick to it.
> 💡 “Greed is the graveyard of profitable trades.”
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🧠 Smart Traders Use This Strategy:
➕ Dollar-Cost Averaging for Entries
Don’t go all in at once. Enter in parts. Buy small chunks at support zones.
➖ Partial Profits for Exit
Don’t sell everything at once. Lock in some profit, trail the rest with a Stop Loss.
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📌 Final Nuggets:
💡 No Entry is Perfect. No Exit is Perfect.
The goal is to trade with a plan, not with emotions.
🔥 When in doubt: Draw your buy & sell zones on the chart.
Set your risk-to-reward ratio.
And STICK to your setup.
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📣 Binance Fam:
💬 Drop your biggest BUY/SELL blunders below.
🎓 Let’s learn together. #CryptoForBeginners
