Let the loss increase a little for the day tonight
And in the evening buy what you sold
And wait until the price increases in the market and sell again
Compensation + a little profit
بن حسين
--
I lost maybe a quarter of my capital.. and sold. I withdrew myself from the market.. Am I right to sell at a time of loss.. Because the currencies collapse and the loss increases, I preferred to sell.. Am I right.?? I was afraid that the currencies would collapse and the capital would collapse..
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Launched by Binance in 2017, BNB is one of the most prominent and widely used cryptocurrencies in the crypto market. In its early days, it was primarily used to pay trading fees on the Binance platform, giving users significant discounts. Later, the uses of the currency expanded with the launch of Binance Smart Chain (BSC), a fast and low-cost blockchain network, which made BNB used to run decentralized applications (DApps) and smart contracts.
In addition, BNB is used in other areas such as paying for services, purchasing products, and booking travel through companies that support cryptocurrencies. One of its most prominent features is the coin burning mechanism, where the total supply is periodically reduced to support its market value and increase its scarcity.
Despite its popularity and flexibility, BNB remains vulnerable to market fluctuations and regulatory risks, making investing in it an option that requires in-depth study and continuous analysis of developments in the cryptocurrency market and its ecosystem.
Created by Binance in 2017, BNB is one of the most prominent cryptocurrencies. It is primarily used to pay trading fees on Binance, offering discounts to users. Its uses have expanded to include decentralized applications (DApps) and smart contracts via Binance Smart Chain (BSC), a fast and low-cost network.
BNB features a coin burning mechanism, where the supply is periodically reduced to support its value. With its adoption in areas such as gaming, travel, and financial services, it has become a versatile currency. Despite its popularity, it remains vulnerable to market volatility and regulatory risks. Investing in BNB can be profitable, but it requires constant study of changes in the cryptocurrency market and developments in its ecosystem.
Moving Averages: Moving averages are showing mixed signals; the 50-day moving average is showing a bearish bias, which could indicate continued negative pressure on the price.
Relative Strength Index (RSI): The RSI is currently in a neutral zone, indicating neither overbought nor oversold conditions.
Support and Resistance Levels:
First Support: $95,195; breaking it could lead to further decline towards $91,000.
First Resistance: $99,000; breaking it could push the price towards $102,000.
Forecast:
If the price continues to trade below $95,195, we could witness further downside correction towards $91,000. On the other hand, breaking $99,000 could restore the upward momentum towards $102,000.
Note: This analysis is based on data available until January 8, 2025. It is always advisable to follow real-time updates and market changes before making any investment decisions.
For more in-depth technical analysis and how it is applied to cryptocurrencies
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