Guys, which wallet do you recommend for storing your cryptocurrencies? If not, I would recommend one on a cell phone or notebook that I would leave without an internet connection.
Can I leave the order there for several days? Will I not be charged any fees?
Bruno Roos
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How to Use Stop Loss – Protect Your Investments.
Stop Loss is a tool that protects your capital in case of a sudden price drop. It serves to automatically sell your asset when the price reaches a minimum value that you define, avoiding greater losses.
The best way to set up Stop Loss on Binance is using the OCO (One Cancels the Other) mode. With it, you can set both a sale price with profit (Take Profit) and a Stop Loss to avoid losses, all in a single order.
--- ✅ Step 1: Select the "OCO" Mode
In the Binance menu, go to Margin or Spot, select Sell and choose the OCO (One Cancels the Other) mode.
--- ✅ Step 2: Fill in the OCO Fields in the Sell Order
🔴 TP Limit (Take Profit):
This field is used to define the sale price when the asset rises. ➡️ Example: If BTC is at $93,140, you can set the TP at $94,000.
If you want to use only Stop Loss, you can leave this field blank.
--- 🔴 SL Trigger (Stop Loss):
Here you set the price at which Binance will trigger the automatic sell to prevent losses.
➡️ Example: Set $92,500 as trigger.
--- 🔴 SL Limit (Sell Price):
Set the minimum amount you are willing to sell after the Stop Loss is triggered.
Example: $92,400.
Tip: Always set the SL Limit slightly below the SL Trigger to ensure your order is executed.
--- 🔴 Amount (BTC):
Enter the amount of BTC you want to protect in the order.
I don't even feel the decline of cryptocurrencies anymore, I've been suffering for years and I'm already hardened
simple simon the profiler
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*🚨 Market Dip Explained! 🚨*
Hey crypto fam! 🥰 If you’ve just arrived today, here’s what you need to know: *we are facing a market dip*! 😱
But don’t worry, I’ve got you covered. Let’s break it down simply so you can understand *what a market dip really means* and how to handle it like a pro. 😎
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*What is a Market Dip? 🤔*
A *market dip* refers to a *temporary decline* in the price of assets, particularly *cryptocurrencies*, over a short period of time. It happens when the overall market experiences a *downturn* or when *individual coins* lose value.
This doesn’t necessarily mean the end of the world, but it’s definitely something traders and investors need to pay attention to! 🔻
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*Why Do Market Dips Happen? 💭*
1. *Market Sentiment*: Often, dips occur because of *negative sentiment* in the market, whether from *regulatory news*, *global events*, or *economic downturns*. This can cause traders to panic and sell off their assets.
2. *Profit-Taking*: After a strong rally or surge, some investors may decide to *take profits*, leading to a natural correction in the market. A dip can be a healthy *cooling-off period*.
3. *External Factors*: Sometimes, *news* like *government regulations*, *central bank policies*, or *massive liquidations* in the market can trigger a dip.
4. *Market Cycles*: The crypto market moves in *cycles*. After a period of growth (bull market), a *dip* is often followed by a *recovery*. It’s part of the natural ebb and flow of the market.
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*What to Do During a Market Dip? 💡*
1. *Don’t Panic!* 😱 It’s easy to get emotional when the market is dipping, but *panicking* and *selling off everything* is not a smart move. Remember: dips are temporary, and markets usually *bounce back*.
2. *Take Advantage of Lower Prices!* 📉 If you believe in the long-term potential of your assets, a dip could be a *great opportunity* to *buy the dip* and *accumulate more* at a lower price.
3. *Stay Calm and Follow the Trend* 🧘♂️ Look at the overall *trend* of the market. If it’s just a short-term dip, it might be followed by a *recovery*. Keep an eye on the *charts* and *market indicators*.
4. *Diversify Your Portfolio* 💼 Make sure your investments are *diversified*. A dip in one coin may not affect your entire portfolio, so spreading your risk is key!
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*How Long Will the Market Dip Last? ⏳* This market Dip us predicted to last for one week, but don't panic everything will turn to normal soon. $DYDX