Binance Square

Shah Zaman 001

Open Trade
Frequent Trader
9.8 Months
0 Following
125 Followers
57 Liked
18 Shared
All Content
Portfolio
--
$ETH Price Drop & Market Caution** #Ethereum ($ETH ) has fallen to \$1,566.65, a 1.51% decrease today, after failing to stay above \$1,600. **Key Points:** * **Price Range:** 24-hour high of \$1,613.66 and low of \$1,538.07 indicate high volatility. * **Trading Volume:** Significant volume with 559.8K ETH traded, backed by \$886.98M in USDT, suggesting strong selling pressure. * **Key Levels:** * **Current:** \$1,566.65 * **Resistance:** \$1,581.77 / \$1,592.14 / \$1,610.53 * **Support:** \$1,563.38 / \$1,538.07 * **Potential Downside:** Breaking below \$1,563 could lead to a quick retest of the \$1,530s. **Outlook:** Market sentiment appears cautious. Strong volume suggests continued selling pressure, putting bulls on the defensive. Exercise caution when trading $ETH . {future}(ETHUSDT)
$ETH Price Drop & Market Caution**

#Ethereum ($ETH ) has fallen to \$1,566.65, a 1.51% decrease today, after failing to stay above \$1,600.

**Key Points:**

* **Price Range:** 24-hour high of \$1,613.66 and low of \$1,538.07 indicate high volatility.
* **Trading Volume:** Significant volume with 559.8K ETH traded, backed by \$886.98M in USDT, suggesting strong selling pressure.
* **Key Levels:**
* **Current:** \$1,566.65
* **Resistance:** \$1,581.77 / \$1,592.14 / \$1,610.53
* **Support:** \$1,563.38 / \$1,538.07
* **Potential Downside:** Breaking below \$1,563 could lead to a quick retest of the \$1,530s.

**Outlook:**

Market sentiment appears cautious. Strong volume suggests continued selling pressure, putting bulls on the defensive. Exercise caution when trading $ETH .
Doubling your crypto daily with micro-scalping is **highly risky and not guaranteed.** The strategy you described involves significant risks: * **Sideways Moving Coins:** Identifying and consistently profiting from small fluctuations in sideways markets is challenging. * **10x Leverage:** Leverage magnifies both potential profits and losses. A small price movement against your position can lead to rapid liquidation. * **Simultaneous Long and Short Trades:** While aiming to profit from small price changes, this strategy can result in losses on both positions if the price moves significantly in one direction. * **5% Target:** Achieving this daily consistently is improbable, as market conditions are constantly changing. * **Over-trading:** Frequent trading increases transaction fees and the likelihood of emotional decision-making. **Instead of a guaranteed doubling, consider these points:** * **High Risk:** This strategy carries a substantial risk of losing your initial capital. * **Market Volatility:** Crypto markets are inherently volatile, and even seemingly stable coins can experience sudden price swings. * **Liquidation Risk:** Using high leverage increases the risk of your positions being liquidated. * **Transaction Costs:** Frequent trading incurs transaction fees that can erode potential profits. **A more responsible approach to crypto trading involves:** * **Thorough Research:** Understand the assets you are trading. * **Risk Management:** Never invest more than you can afford to lose. Use stop-loss orders to limit potential losses. * **Lower Leverage (or none):** Reduce the impact of market volatility on your positions. * **Long-Term Perspective:** Consider a buy-and-hold strategy for potentially promising assets. **Be wary of any strategy that promises guaranteed high returns with minimal risk in the volatile crypto market.* #ScalpingTips #ScalpingStrategy #TrumpVsPowell
Doubling your crypto daily with micro-scalping is **highly risky and not guaranteed.** The strategy you described involves significant risks:

* **Sideways Moving Coins:** Identifying and consistently profiting from small fluctuations in sideways markets is challenging.
* **10x Leverage:** Leverage magnifies both potential profits and losses. A small price movement against your position can lead to rapid liquidation.
* **Simultaneous Long and Short Trades:** While aiming to profit from small price changes, this strategy can result in losses on both positions if the price moves significantly in one direction.
* **5% Target:** Achieving this daily consistently is improbable, as market conditions are constantly changing.
* **Over-trading:** Frequent trading increases transaction fees and the likelihood of emotional decision-making.

**Instead of a guaranteed doubling, consider these points:**

* **High Risk:** This strategy carries a substantial risk of losing your initial capital.
* **Market Volatility:** Crypto markets are inherently volatile, and even seemingly stable coins can experience sudden price swings.
* **Liquidation Risk:** Using high leverage increases the risk of your positions being liquidated.
* **Transaction Costs:** Frequent trading incurs transaction fees that can erode potential profits.

**A more responsible approach to crypto trading involves:**

* **Thorough Research:** Understand the assets you are trading.
* **Risk Management:** Never invest more than you can afford to lose. Use stop-loss orders to limit potential losses.
* **Lower Leverage (or none):** Reduce the impact of market volatility on your positions.
* **Long-Term Perspective:** Consider a buy-and-hold strategy for potentially promising assets.

**Be wary of any strategy that promises guaranteed high returns with minimal risk in the volatile crypto market.*
#ScalpingTips
#ScalpingStrategy
#TrumpVsPowell
Want to trade BNB like a pro? 🏆 With Binance’s Follow the Lead Trader feature, you can copy expert traders in real time! 📈💰 Simply choose a top-performing trader, follow their strategy, and mirror their trades effortlessly. 🎯 Ideal for beginners and investors seeking steady gains with BNB! 🚀 But keep in mind—profits aren’t guaranteed, so manage risks wisely with stop-losses and market insights. 📊🔍 Stay informed, trade smart, and unlock BNB’s full potential! 💡 $BNB {spot}(BNBUSDT) #CryptoTrading
Want to trade BNB like a pro? 🏆 With Binance’s Follow the Lead Trader feature, you can copy expert traders in real time! 📈💰 Simply choose a top-performing trader, follow their strategy, and mirror their trades effortlessly. 🎯

Ideal for beginners and investors seeking steady gains with BNB! 🚀 But keep in mind—profits aren’t guaranteed, so manage risks wisely with stop-losses and market insights. 📊🔍

Stay informed, trade smart, and unlock BNB’s full potential! 💡
$BNB
#CryptoTrading
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number

Latest News

--
View More

Trending Articles

Assests Adviser
View More
Sitemap
Cookie Preferences
Platform T&Cs