Through my observation of #BTC's movement on the chart over the past week, I noticed a recurring pattern in the candles at the $61,000 levels. When the price rose to this level, reversal candles (Doji) appeared followed by a clear downward movement, and this repeated twice within 3 days.
📊 The chart made it clear to me that this area is considered strong resistance, and could represent a good selling opportunity for short-term traders. But it is essential to use a clear stop-loss to avoid sudden market fluctuations.
🎯 Personal advice: Do not enter any trade without technical analysis, and always monitor support and resistance levels, especially during major economic news.
Do you agree with me? Or do you have another analysis for BTC's movement? Share your opinion with me.
By following the #BTC movement on the chart over the past week, I noticed a recurring pattern in the candles at the $61,000 levels. When the price rose to this level, reversal candles (Doji) appeared, followed by a clear downward movement, and this repeated twice within 3 days.
📊 The chart made it clear to me that this area is considered a strong resistance, and it could represent a good selling opportunity for short-term traders. However, it is essential to use a clear stop-loss to avoid sudden market fluctuations.
🎯 Personal advice: Do not enter any trade without technical analysis, and always monitor support and resistance levels, especially during major economic news.
Do you agree with me? Or do you have another analysis for BTC's movement? Share your opinion with me.
Did you know that using leverage in trading the #BNB/USDT pair can be a double-edged sword? 🤔 Through the margin trading feature on the Binance platform, users can amplify their profits, but at the same time, losses can multiply if risk management is not used properly.
Personally, I started with a simple experiment with a small amount and learned the importance of using a Stop-Loss order, especially during times of market volatility. One important piece of advice: do not enter a trade unless you are mentally prepared for a loss before a profit, and do not invest more than you can afford to lose.
📉 The market is uncertain, but continuous learning and using Binance tools like chart analysis and price alerts have helped me a lot. Share your experiences with leveraged trading, and do you find it useful or risky? 🤔