Doge is already below the EMA 7, it is advisable to enter short immediately before a reversal and bearish trend occurs. I observe very strong doji and hammer candles in the EMA 7 area but they do not break through, this will be a strong weakening signal for continued bearishness
I started with liquidation but currently I am making a small profit with risky leverage, which means that I have learned to manage my emotions and my consistency in risky trading, setting tight SL and safe TP so that I do not always fall into liquidation.
Thank you for providing me with valuable experience and very useful knowledge.
I received a voucher profit of 3 USDC dollars from Binance and I immediately placed it into Pepe coin with a scalping scheme, to keep the risk lower and I refuse to engage in risky trading in futures. This is my last fund on Binance; I just want to grow it little by little. I am not a coward, but I am careful in trading and I do not want to make my character greedy. A little better and enough for me is preferable to a lot but risky for me. To those of you trading in spot, I thank you for your gratitude, and for trading in futures, I want you to be careful in taking steps to manage your assets. Don't forget to apply take profit and stop loss.
It was so traumatic to see charts and patterns like this from 4 years ago when I was trading one of the tokens during the first layer 1. I started trading using high leverage, and at first, it was indeed a huge profit, but after that, the market hit back mercilessly. At that time, I was only using the buy low, sell high technique because I was used to trading in the spot market. The longer I held and added positions, the more the market plummeted. From that, I learned a lot that any strategy in the market does not guarantee 100% success. The important point is that when we trade, we must know when to enter and when to exit, but it didn't stop there; I still struggled to be consistent with my trading plan and strategy, and in the end, the results were still nil. But I didn't want to give up; whatever I had started, I had to finish, even if destruction hit, whether it be mental, time, or money. At that time, I delved into how the crypto market works, and I still decided to become a crypto futures trader. Here, I want to convey to many beginners who are just starting that if they enter the market and place positions, they must profit, and even if they enter, the P&L must be green as much as possible. I remind you that trading does not work like that; you must understand that anything can happen in the market. So, it's very important before starting that you must have a trading plan, especially healthy money management so that when you experience losses, you do not panic and can still analyze again and start new transactions until you truly understand what you are doing in the market.
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