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While shorting nicely, I saw XRP going the other way. Immediately, I closed my position and switched to long. I held the profit until 2.65 before closing.
In my opinion, it can still rise above $3. For those who are like me and follow a safe strategy, it is advisable to gradually close positions to optimize profits. Because currently, I see the risk is quite high to open a new position.
According to my assessment at the current time, the market will begin to recover slightly.
There are 2 stocks that I have been observing for a long time. They are WIF and SOL, and at the current time, I see that both of these stocks are in a pretty good accumulation zone.
However, due to the psychological state of both of these stocks being quite weak, there will be some adjustments that may be a bit excessive. This will cause the price to increase slowly. But if it can get through this period, it could rise rapidly.
As I mentioned in the previous post, XRP is currently very strong. You can compare it with some codes in the top and you will see.
And the reason I have survived through the recent volatile days is due to strictly adhering to the strategies I set out.
* The most important thing is to control greed. If this opportunity is lost, another will come. But running out of money means running out of opportunities as well.
Don't wait until the opportunity comes and then find you have no capital to enter. Good luck 🍀 $XRP #ShareYourTrade
The market is very volatile. But I still have to acknowledge that $XRP is quite strong. In the short term, I think it may continue to adjust downwards. Even down to $1.9 in the context of a bad market. But in the long term, I see it could reach $3 or even more.
Why am I so confident? Because I have researched XRP and see the great potential from the technology that this network is providing.
Therefore, besides trading, I also frequently buy and accumulate. And I have partially switched to RLUSD when the XPR price was high.
"As a small investor with low capital. One of my strategies I have applied in this market to ensure my account does not get wiped out is what?"
The story began after days of being unemployed at home and not knowing what to do. With some small capital that I had previously held in spot, I started to play with margin and lost 80% of my account. And like an addict, I deposited more money to all-in hoping to recover my funds. And I lost heavily for the second time.
After many sleepless nights, watching how the market operates, reading posts, and learning about terms,... I applied a strategy:
1. Split the capital and invest in multiple assets instead of all-in on one asset as before. "Never put all your eggs in one basket."
2. Choose a few assets you are familiar with. Why?? Because those assets you have followed the trends, which allows you to make decisions more easily.
3. Only use 1/3 of your capital to invest. 2/3 of the capital will serve as insurance in case the market fluctuates. This 2/3 capital will ensure a safe liquidation position, and you can DCA to recover when the market rebounds (Not recommended to DCA if you do not understand the market trend clearly)
4. Use low leverage
5. Do not leave positions overnight and go to sleep without setting a stop-loss
6. Do not be greedy, do not be greedy, and do not be greedy. Better to earn less than to incur losses
Bonus: At that time, I chose to spam several assets, and the highest profits came from these assets.
👉 Follow to receive more shares about the market as well as the strategies I have applied!
I am a retail investor with low capital. However, I have never suffered losses during the recent fluctuations. Gradually, I will share the methods I have learned and how I have applied them.
[Tips 1] If you are a retail investor like me, take it slow but steady.
"What does slow but steady mean?" => It means executing small volume orders with low leverage. Set daily growth goals instead of going all-in on a particular stock with super high leverage and just sitting and praying.
After all, earning a little is still better than losing, right?
Please leave a comment to give me more motivation to share more!
If you pay attention, most of the fluctuation charts are relatively similar. As far as I know, those are traders using BOT and base on BTC to make price. So in the short term, viewing charts or analyzing charts by each code is almost worthless. It's all a scam. Don't let your money fall!
⚠️ A sincere piece of advice for those who are inexperienced or not mentally prepared. You should not enter Futures or use leverage. Why? Because you will lose and burn your account. Especially during times of high market volatility like now.
- So what can a beginner do to participate in the market? 1. You can buy top coins like $BTC, $ETH, $BNB, … in Spot mode to understand how the market operates. 2. Learn the terminology in investing, how to read charts, … (You can ask AI for the best explanations) 3. Don't be too greedy or fomo chasing the crowd. Remember that money in your wallet is your own money. 4. Strictly adhere to the rules set. 5. Be responsible for your financial decisions.
* In the next post, I will share the process of burning 80% of my account twice in a row. And how to rise from 20% to over 300% profit on my account.
The cryptocurrency market is undergoing a significant downturn, affecting many major coins such as Bitcoin, Ethereum, and XRP. What has happened: 1. Monetary policy of the U.S. Federal Reserve (Fed): • The Fed has announced that it will slow down the pace of interest rate cuts in 2025, with the federal funds rate decreasing to a range of 4.25% to 4.50%. This indicates a tightening financial outlook, putting pressure on risk assets such as cryptocurrencies. 2. Global liquidity decrease: • The central banks' reduction of their balance sheets and volatility in the bond market have decreased global liquidity. Bitcoin, which is sensitive to liquidity, faces significant pressure in this context. 3. Negative investor sentiment: • The Cryptocurrency Fear and Greed Index has dropped from an “extreme greed” level of 86 to a “greed” level of 72 in a short time, reflecting increasing unease among investors, leading to asset sell-offs. 4. Long position liquidations: • In the past 24 hours, the market recorded a total liquidation of long positions amounting to $732 million, as investors betting on a bullish trend were forced to close their positions, increasing selling pressure. 5. Macroeconomic volatility: • Global economic factors, such as the downturn in the Japanese economy and other markets, also affect the cryptocurrency market as investors seek safer investment channels.
These factors have combined to create strong selling pressure in the cryptocurrency market, leading to a decline in the value of many coins recently.