I have been test-trading these coins for a few days. $SOL Kept me balanced but ASR rose my wealth upto 10 % high and my asset moved from $100 to $112. Then, greed came in my mind and the ASR trade left me with 10% loss.
Yesterday, SYRUP was listed on Binance and I put all my assets into the newly launched coin. Within few minutes, I suffered hugely with this newly launched coin.
I live in Azad Kashmir (Pakistan) and due to Indian attacks on Muzaffarabad and Internet issues last night I have been in panic and lost more and more.
Now, with only 80 usdt left in my wallet I have bought $SOL again.
A SUGGESTION It is better to stay away from trading on weekends. It is because the crypto algorithm may easily deprive you of your hard earned assets because of its volatility.
Instead, let the market open. And then, you may start your journey with full swing.
I personally have had bad experience this weekend when I fell prey to a volatile algorithm of a coin losing 12% of the capital.
So, I thought I need to share this with you, especially for beginners as they tend to be more vulnerable than experienced ones.
Always trade with a stop loss strategy to cope with double edged crypto patterns.
Hope this post will help you manage and trade your funds on this very famous platform-#Binance
Dear #BinanceSquareFamily . $SOL is dipping again after its 24hrs high of $147. At the moment it seems to be struggling to bull past $145. Still, one can wait for the dip for a profitable buying. Best of Luck!
$ASR/USDT Today, I have taken as many as three trades to make $12 USDT profit from spot trading ASR coin. Since the coin is seed and highly volatile, I have been super cautious dealing with the trade everytime.
I waited for the coin to reach around $1.70-1.75. Then I bought the coin. As soon as it reached near $1.80-1.85, I immediately sold it.
I made three trades earning as many as 12 USDT. That's enough for me as beginner.
If you are thinking about short term trades in spot trading, you have to be careful about dumping risk of the coin. So be smart and manage the trade carefully.
Finally, after a while, Solana Token shows green candles surpassing the resistance at $147. The coin is now trading at $148. Hopefully, it may rise above after bearish period that continued for a short span of time.
Dear #BinanceSquareFamily ,$ STO is skyrocketing with bullish run after crossing $.20 resistance while $SOL is bearish and dropped below $ 147, while gracing an opportunity for those who wanna make most of this dropped value of the coin.
#BinanceHODLerSTO Dear #BinanceSquareFamily $ STO is on the rise. Starting from $0.09, it is rising above $.20. Let's see how long it soars to let the $ STO investors book their profit.