Yesterday, I opened a short position for $BTC , with 2 plans for additional purchases, and the final cost price was around 106868. At 9:55 PM, the price returned to around 106800, and I closed the position, with some ups and downs!
From the operation of this trade, I summarize 2 points:
① It's still very necessary to build positions in multiple batches.
② If the direction is wrong, be decisive and run when you can break even. $BTC
#OrderTypes101 Order Types 1. *Market Order*: Buy/sell at current market price. 2. *Limit Order*: Buy/sell at specified price. 3. *Stop-Loss Order*: Sell when price falls to limit losses. 4. *Take-Profit Order*: Sell when price reaches target profit. 5. *Stop-Limit Order*: Combination of stop-loss and limit orders. These order types help traders manage risk and execute trades according to their strategies. By understanding these types, traders can optimize trading performance and minimize losses. Each type serves a specific purpose, allowing traders to adapt to different market conditions. #OrderTypes101
#CEXvsDEX101 For the second topic of our Crypto Trading Fundamentals Deep Dive, let’s talk #CEXvsDEX101 . Choosing between Centralized and Decentralized Exchanges is a key decision for any crypto trader. Each comes with trade-offs in terms of security, user experience, liquidity, and control. Knowing when to use which is an essential part of risk-aware trading. 💬 Your post can include: · In your experience, what are the pros and cons of CEXs vs DEXs? · Which do you prefer and in what situations?
The price of per $WCT Token is $1.2592 USD with a current market cap of $233.6M USD. 24–hour trading volume is $1.26B USD. $WCT to USD price is updated in real time. WCT Token is +19.89% in the last 24 hours with a circulating supply of 186.71M.
Here are some popular trading strategies for cryptocurrency trading:
# Trading Strategies - Day Trading: Involves entering and exiting positions within 24 hours, relying on technical analysis to determine assets to trade. This strategy is high-risk, high-reward. - Swing Trading: Involves holding positions for a few days to a few months, aiming to profit from market trends. This strategy is more beginner-friendly and less stressful than day trading. - Position Trading (Trend Trading): A long-term strategy where traders hold assets for months, aiming to profit from overall market direction. - Scalping: Involves making small trades frequently, taking advantage of short-term price fluctuations. This strategy requires experience and attention to detail. - HODLing: A long-term strategy where investors hold onto cryptocurrencies for months or years, riding out market fluctuations. Risk Management Strategies - Diversification: Spread investments across different assets to minimize risk. - Hedging: Take positions in related assets that move in opposite directions to offset potential losses. - Advanced Order Types: Use stop-loss orders and take-profit orders to limit losses and lock in gains. - 1% Rule: Risk no more than 1% of total capital on a single position. - Exit Strategy: Plan for potential losses and have a clear exit plan. Technical Analysis Tools - Candlestick Charts: Visual representations of price movements, providing insights into market sentiment. - Trend Lines: Lines connecting data points to identify market trends. - Support and Resistance: Levels where prices find a "floor" or "ceiling", influencing trading decisions. - Indicators: Tools like moving averages, Bollinger Bands, and Fibonacci Retracement help identify potential support and resistance levels ¹. #PCEMarketWatch #CEXvsDEX101 #BinanceHODLerSOPH #MarketPullback $BNB
Extra, Extra! Big news at the square! The brothers are setting their alarms to have a breakfast of meat🥩! Haha, Brother Lie really has single-handedly turned the free family brothers into early birds! So, it's not your mom's yelling that wakes you up, but the beautiful dollar bills waving at you! ps: Brother Lie has no charges, beware of scams!
It doesn't matter if Brother Lie wins or loses, what matters is that the brothers can win! If the brothers don't win, what are you bragging about, right? There are too many materials in the free family to show off a picture casually, as long as you honestly follow Brother Lie's rhythm and strictly implement the five-wave analysis strategy, you can be just like the brothers in the free family! 😃 ps: Brother Lie has no paid services, be careful not to be scammed!
Early this morning, the market faced slight adjustment pressure as $BTC confronted the resistance area of $110,000, from a technical analysis perspective.
Regarding news, early this morning Trump Media Group denied rumors of raising $3 billion to invest in cryptocurrency, which caused a negative reaction in the market.
However, overall, the market has shown a rebound back to the $109,000 area, with some altcoins like $NULS, $SNT, and $FXS performing well.
In general, Bitcoin remains stable as it has not broken its upward structure, and last week saw more than $1 billion in net inflows of stablecoins to CEX exchanges, which are still good signs.
This year's Binance Dragon Boat Festival merchandise can be said to be the most beautiful and photogenic ever, thanks to @Yi He @binancezh From polo shirts to shoes, recently everyone has been rushing for alpha and it's known that everyone's phones are not enough Thoughtfully sending from iPhone 14 Pro to iPhone 16 Pro📱 (cases, hahahaha), there are a few models that are not usable, will be given away to fans in the comments Dragon Boat Festival, eat zongzi, make a fortune💰