I hope you’re crushing your goals and thriving in your trading journey! Today, I’m sharing one of the most important pieces of advice you’ll ever get as a trader: Play it smart, not risky.
If you’re starting out, always choose spot trading over futures. Why? Because spot trading is your safest path to steady growth!
Here’s the game-changing difference: 🔥 Spot Trading: Even if the market dips, you can hold onto your assets until the market rebounds. Time is on your side! ⚡ Futures Trading: Quick moves, high risk. A small mistake can lead to major losses, and there’s no room for hesitation.
Pro Tips for Beginners: ✅ Focus on spot trading to grow your confidence and portfolio steadily. ✅ If you dabble in futures, keep it small and ALWAYS manage your risks wisely.
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Trade Strategy: The price is facing resistance around $0.8400 and looks poised for a bearish pullback. Enter short at $0.8300, targeting retracements to $0.8100, $0.8000, and $0.7800.
Pro Tip: Watch for rejection candles at resistance and adjust stop loss if price breaks key support.
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