Don't get caught and thank with likes
Order Trap
Imagine the price is currently $1.00, and there is a strong support level at $0.95 below it.
Large players often intentionally 'break' the level downwards, triggering stop losses, and then the price returns.
If you place a 'Buy Limit' order (buying at $0.94–0.95) in advance, you will buy the coin at a low price during the panic.
But make sure to check that the support level is confirmed on the chart (the price has already bounced off it before).
#Binance
Order Trap
Imagine the price is currently $1.00, and there is a strong support level at $0.95 below it.
Large players often intentionally 'break' the level downwards, triggering stop losses, and then the price returns.
If you place a 'Buy Limit' order (buying at $0.94–0.95) in advance, you will buy the coin at a low price during the panic.
But make sure to check that the support level is confirmed on the chart (the price has already bounced off it before).
#Binance
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BNB
849.4
+2.26%