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It is simply a buying or selling operation. When you buy XRP expecting it to rise, you are going long. If you sell it expecting it to drop, you are going short.
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🔹 Spot vs Futures • Spot: you buy crypto directly (you own the asset). • Futures: you trade contracts on the future price (without owning the crypto), you can use leverage and profit even if the price drops.
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🔹 Long and Short • Long: you buy expecting it to rise 📈 • Short: you sell expecting it to drop 📉 Both are done in Futures.
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🔹 What is a Stop Loss (SL)?
It is a limit that you set to stop losses if the trade goes wrong. Example: if you enter XRP at $3.50 and set an SL at $3.20, if the price falls there, it closes automatically and protects your capital.
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🔹 Take Profit (TP)
It is the opposite of the SL: a limit you set to take profits automatically. If you enter at $3.30 and set TP at $3.60, your trade closes with profit when the price reaches there 😎💰
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🔹 What is Leverage?
It is multiplying your investment. For example: with x10 leverage, you can move $1000 with only $100 of your own. ⚠️ Note: it also multiplies your losses if it goes wrong.
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🔹 Crossed vs Isolated • Crossed: all your available balance can cover the losses. • Isolated: you only risk what you put in that trade. Safer for newbies.
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🧠 Closing with a phrase to attract community:
Learning this is like having your bulletproof vest in the crypto market 💼 Start with knowledge, and the profits come 💸
🔥🔥RECENT: 21Shares has filed an application with the #SEC to launch a spot #ETF for #ONDO, aiming to replicate the native token of #OndoFinance, with #Coinbase as the custodian.
🔥🔥The application highlights the growing institutional interest in tokenized real-world assets, following #Ondo's acquisition of Oasis Pro, the SEC-registered brokerage firm.
🚨RECENT: A sell wall of 68,000 #ETH (263 million #USD💵) has formed between the price level of $3,850 and $4,000 dollars, according to the data from the spot order heat map.🚨
🤔When you compare the amount of 263 million #USD💵 with the market capitalization of 442 billion #USD💵, you realize that it is a very small percentage. Clearly, it is a trap by smart money aimed at shaking out some retail investors and overly leveraged long positions before continuing the bullish run.🤔
📌 Supports / Resistances: • Support zone 1: $3.30–$3.40 • Critical line: $3.16–$3.20 • Immediate resistance: $3.60–$3.66 • Next target: $3.84 (new ATH)
🎯 Strategy: 🟢 Long: $3.30–$3.35, SL $3.20, TP $3.60 → $3.84 ⏱️ Scalping: $3.25–$3.30, SL $3.20, TP $3.45–$3.50 📌 If it holds support, we could see increases; if not, pay attention to the lower line.
🔥🔥RECENT: The largest bank in #UnitedStates 🇺🇸, JPMorgan Chase, is exploring loans backed by actual holdings of #Bitcoin and #Ethereum, not just #ETFs of #cryptocurrencies.🤯🤯
🔥🔥This marks a radical shift from the previous stance of its CEO, Jamie Dimon, who infamously labeled #BTC as "fraud". Today, he says:👇🏻👇🏻
"I don't like it, but I will defend your right to own it". 🔥🚀↗️📈💵🤑🏌🏻♀️
🤔🤔IS A #BITCOIN SETBACK ON THE HORIZON? Here's what the charts say.👇🏻👇🏻
🔸️👉🏻After reaching strong resistance near $123,000, #Bitcoin (#BTC) is cooling off, entering a phase of sideways consolidation as profit-taking sets in.
🔍Key Information🔍
🔸️👉🏻BTC is likely to pull back towards the $107,000-$111,000 zone (Fibonacci level 0.5-0.618). 🔸️👉🏻A descending wedge is forming on the 4-hour chart, typically a bullish pattern, but key support must hold. 🔸️👉🏻On-chain data shows the largest inflows of #BTC into exchanges since July 2024, indicating increased selling pressure from large holders.
⚠️ If support breaks, we could see a deeper correction. But there is a ray of hope: #altcoins could rise as capital rotates.⚠️