BTC is currently testing a key resistance zone around $83,950, after a solid bullish recovery from the lower range. The marked red zone indicates potential supply or resistance area where sellers may step in.
Entry: Around $83,711 (current level)
Stop Loss: Above $83,963
Take Profit Target: Near $81,915
Risk-Reward Ratio: Looking solid with favorable downside potential.
Volume is picking up as price approaches resistance – a rejection here could confirm a short setup for intraday traders. Watch price action closely around this level!
Caught a solid short opportunity on Gold (XAU/USD). Price formed a strong bullish move but hit resistance near the marked supply zone (black box). After a few rejections at that level, I entered short, targeting the demand zone below (green box).
Entry: Near 2336
Stop-loss: Just above the supply zone
Target: Around 2305
RR: 1:3.78
Classic example of price reacting to a key resistance and giving a clean risk-reward setup. Let the chart do the talking.
EUR/USD Price Action Update Fresh breakout spotted on the EUR/USD pair! Price just retested the previous demand zone and is showing signs of bullish continuation.
Long position in play with a tight stop-loss and a solid risk-reward ratio. Targeting the 1.10200+ zone based on structure and momentum.
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Binance Introduces New Policy: Enhancing User Security and Experience
Introduction:
Binance, the world's leading cryptocurrency exchange, has announced a new policy aimed at enhancing user security and experience. This move is part of Binance's ongoing efforts to provide a safe and reliable platform for its users.
_Key Updates:_
1. _Enhanced KYC Requirements:_ Binance has updated its Know Your Customer (KYC) requirements to ensure that users' identities are verified and secure. 2. _Improved Withdrawal Limits:_ The exchange has introduced tiered withdrawal limit
The Ethereum blockchain has processed a single transaction worth approximately $126,700, highlighting its potential for high-value transactions. This notable transaction demonstrates:
- Ethereum's growing adoption in decentralized finance (DeFi) and other use cases - The security and reliability of the Ethereum blockchain, resistant to censorship and tampering
This transaction showcases Ethereum's capabilities and reinforces its position as a leading blockchain platform.
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Introduction: Welcome to the world of cryptocurrency! As a beginner, you might be wondering what all the fuss is about. In this post, we'll explore the basics of cryptocurrency, its benefits, and how to get started.
What is Cryptocurrency? Cryptocurrency is a digital or virtual currency that uses cryptography for security and is decentralized, meaning it's not controlled by any government or financial institution. This decentralized nature allows for peer-to-peer transactions without intermediaries.
Benefits of Cryptocurrency:
1. Decentralized and autonomous: Cryptocurrency operates independently, without central bank or government influence.
2. Fast and secure transactions: Cryptocurrency transactions are recorded on a public ledger called a blockchain, ensuring transparency and security.
3. Low fees: Transaction fees are significantly lower compared to traditional payment systems.
4. Limited supply: Most cryptocurrencies have a capped supply, preventing inflation and maintaining value.
5. Accessible to anyone: With an internet connection, anyone can use cryptocurrency.
Getting Started:
1. Choose a reputable exchange: Select a well-established exchange like #Binance to buy and sell cryptocurrencies.
2. Set up a wallet: Choose between hot storage (online) or cold storage (offline) options to securely store your cryptocurrencies.
3. Buy your first cryptocurrency: Start with popular options like #Bitcoin or #Ethereum.
4. Explore #DeFi and Web3 : Discover decentralized finance (DeFi) and Web3 applications, such as lending, borrowing, and gaming.
Conclusion: Cryptocurrency has the potential to revolutionize the way we think about money and financial systems. Join the conversation and share your thoughts on the future of cryptocurrency!
Engage with me: Like, comment, and share your thoughts on this post! What excites you most about cryptocurrency? Let's start a discussion!