#RamadanGiveaway Binance Square is a social platform launched by Binance to be a hub for cryptocurrency enthusiasts, where they can communicate, exchange ideas, and stay updated on the latest trends in the web3 and cryptocurrency space.
Goals and Objectives of Binance Square:
Knowledge Sharing: Empowering users to share their opinions and analyses on various aspects of the cryptocurrency market, enhancing their understanding and engagement in this field.
Purchase Alert ...sei coin..at an excellent buying point..as the 4-hour chart shows a double bottom with a descending shoulder pattern..the coin could target 10x if it breaks and continues to trade sideways #Sei #TradingCommunity
The Fall of the FTX Platform: One of the Biggest Collapses in the History of Cryptocurrencies
In November 2022, the FTX platform experienced one of the largest collapses in the world of cryptocurrencies, leading to billions in losses and shaking investor confidence in the industry. The crisis began when reports emerged that Alameda Research, FTX's sister company, was heavily reliant on the platform's FTT token as collateral for massive loans. This raised concerns about the platform's financial liquidity.
The crisis escalated when Binance, the largest cryptocurrency trading platform, announced it would liquidate its holdings of FTT, causing panic among investors and a mass withdrawal of funds. As a result, FTX found itself unable to meet withdrawal requests and was forced to declare bankruptcy on November 11, 2022. An investigation later revealed financial mismanagement and the illegal use of customer funds.
The fall of FTX was not just an ordinary bankruptcy; it highlighted the weaknesses in regulatory oversight in the cryptocurrency market and led to tighter laws on other platforms. It also left a lasting impact on investor confidence, prompting companies and governments to seek safer ways to regulate the market and prevent the recurrence of such disasters.
But don't worry; such an occurrence is impossible with the Binance platform #Binance
The sei currency.. is considered one of the currencies with a strong foundation with a market value of over one billion dollars.. it now stands at excellent accumulation areas at a price of 0.2100 to 0.2300.. this currency targets, if it continues in a consolidating upward trend, 5x.. to 10x, God willing.. #sei #MarketRebound
Recently, President Donald Trump issued an executive order aimed at boosting the cryptocurrency industry in the United States, representing a significant shift in government policies towards this sector.
The executive order includes the establishment of the "President's Working Group on Digital Asset Markets," led by David Sachs, the special advisor for artificial intelligence and digital currencies. The group includes senior officials from the Departments of Treasury, Justice, and Homeland Security, as well as heads of financial regulatory bodies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This group will work on providing recommendations for establishing a federal regulatory framework for digital asset trading and will explore the possibility of creating a national reserve of digital assets.
Additionally, the executive order supports the development and growth of dollar-backed stablecoins, while banning the creation of a central bank digital currency in the United States.
This policy shift demonstrates the U.S. administration's commitment to fostering innovation in the fintech sector while striving to maintain financial stability and protect individual privacy. This decision has led to a rise in some cryptocurrencies such as ADA, XRP, and BTC.
Analysis of SUI currency: Is it worth investing? The Sui (SUI) currency is considered one of the interesting projects in the crypto market. It relies on highly efficient blockchain technology and aims to enhance user experience through fast transactions and low costs. Current performance of the currency: đč Price: around $2.89 đč Market cap: $8.93 billion
SEI/USDC Chart Analysis (4-hour timeframe) .. 02/19/2025 General trend: The chart shows that the price experienced a sharp decline in early February, followed by relative stability with some sideways fluctuations. Currently, the price is moving in a sideways range between $0.20 and $0.25. Supports and resistances: Strong support: around $0.20, the lowest level the price has recently reached. Nearby resistance: at $0.25, where the price has bounced more than once from this level. Trading volume: There is a general decrease in trading volume compared to the initial decline, indicating a weakness in selling momentum. A slight increase in trading volume with attempts to recover, which may be a sign of interest from some buyers. Technical outlook: If the price breaks the $0.23 level steadily and volume increases, we may see a test of the $0.25 level as resistance. If $0.20 breaks down, this may lead to further declines. Conclusion: Current trend: Sideways with cautious bullish bias.Possible entry signal: If $0.23-0.25 is broken with strong buying momentum.Exit signal or stop loss: If the price falls below $0.20.
âïžâïžIf you want to trade, here are some basic financial tips to reduce risks and increase your chances of success:
1. Learn the basics firstâïžâïž
Don't invest your money before you understand how financial markets work, types of assets (stocks, currencies, commodities, cryptocurrencies), and the basics of technical and fundamental analysis.
2. Start with a small capitalâïžâïž
Don't risk a large amount at first, especially if you are a beginner. Use a demo account to learn without real loss.
3. Define a clear trading strategyâïžâïž
Choose a strategy that suits you, such as day trading, swing trading, or long-term investing. Stick to it and don't make emotional decisions.
4. Control risksâïžâïž
Don't risk more than 1-2% of your capital in a single trade.
Use stop loss orders to protect your money.
Don't use high leverage without sufficient experience.
5. Monitor economic news and eventsâïžâïž
Economic reports, central bank decisions, and political events can greatly affect the markets.
Trading in the currency market is very risky if you don't have a well-thought-out plan. Many novice traders enter the market based on their emotions or on unconfirmed recommendations, which leads to huge losses.
How to build a strong trading plan?âïžâïž
Define your financial goal: Do you want to make additional income, or are you trading to build long-term wealth? Clarity of goal helps you choose the right strategies.
Choose your strategy carefully: There are many strategies such as day trading, long-term trading, and trading according to economic news. Choose what suits your personality and schedule.
Set rules for money management: Do not risk more than 2-5% of your capital in a single trade, and determine in advance the reward-to-risk ratio (such as 2:1 or 3:1).
Use stop loss and take profit orders: You should know when to exit the trade whether you are winning or losing, and do not leave trades open based on emotions.
Record and analyze your trades: Keeping a record of your trades helps you recognize your mistakes and improve your style over time.
Remember that trading without a plan is like gambling, while organized trading makes you more stable and able to achieve continuous success. #TrendingTopic #BinanceAlphaAlert
Financial Tips: Meme Coins.. A Gold Mine or a Greater Trap?? Meme coins are currencies that are not subject to analytical conditions.. because they are currencies without a goal or value.. They do not belong to any project.. They are a joke.. They may double your capital.. or you may lose it all
đ„đ„đ„Sui coin.. is a time bomb waiting for the market fuse.. The currency team is well-known with an excellent liquidity rate compared to other currencies and it did not get its share of the previous rise.. If you missed the XR train.. then the Sui coin is there đ„đ„đ„
Financial advice: There is no suitable price to enter a currency.. Either enter now or regret it after it rises.. Patience is the key to success after the correct analysis..