Tabby cat

$USDC
How I exchanged USDC for USDT with profit or why I always check the conditions of dual investment.

So, I had USDC.
- I saw that the % in ERN on USDT was higher than on USDC. I decided to exchange. But the rate was not 1/1 and I decided to make the exchange through buying/selling BTC.

- I bought BTC at 103000, wanted to sell at 103100, but the price went down 🤦🏻‍♀️

- I didn't want to wait and I checked the conditions of dual investment. There was an offer: sell BTC for USDT at a rate of 103500 or receive 82% fixed. The lock-up was for 3 days. I liked both options (I believed that BTC would rise) and I signed up.

- On the settlement date, the rate was around 103400 - I received BTC + 82% annual interest. And I sold them a couple of hours later at 106000+ 😉

Now I check the conditions in dual every day - I’m waiting for the next profitable offer.

Attention! In dual investment, the risks are higher than in just ERN. In my understanding (not a fact that this is the case), Binance offers a high % on sales where the price will definitely be reached and exceeded. That is, it is assumed that they will not need to accrue the % so it is that high.
And my case confirms this: if the settlement point had been 2 hours later, I would not have received my 82%.

#CryptoFees101
Trading commission on spot - we are reducing it.

1. The spot commission is 0.1% of the order amount. If you check the box for 'commission in BNB', the commission will be 0.075% (25% discount). To take the commission in BNB, you need to have BNB on spot as well, not on ERN.

2. Commission rebate vouchers. By participating in various activities, Binance gives out commission rebate vouchers. They appear in the bonus center, where you need to select and activate the voucher. After that, the commission for the day will be returned to you the next morning in USDC.

Vouchers can be obtained or purchased for points in various promotions: completing tasks on Square, playing word of the day, monthly challenges, etc.

Example:
- daily entry into the bonus center - 17 points a week
- daily entry into the task center on Square - 10 points a week
- playing words - 7 points a week
Total: 34 points a week

For 30 points, you can buy a rebate voucher for 5 dollars. Each point is approximately 16 cents.

3. Commission-free trading pairs - there are some. Keep an eye out for announcements, sometimes Binance announces such promotions. There is a note about the absence of commission on the trading page. See an example in the screenshot: pair USDC/USDT - commission 0.

#OrderTypes101

Do you know about the TP and SL functions in limit orders on the spot?

These functions appeared relatively recently and allow for automated trading.

For example, before, I would set limit orders for buying overnight. So as not to miss a price drop while I sleep. Then, in the morning, I would try to sell what I purchased.

But there are times when the price drops at night and then rises sharply? This happens very often.

That’s why we now use TP/SL functions:

- TP - take profit. We specify the price at which we want to sell or the desired % profit
- SL - stop loss. We specify the price or % for selling in case of a price drop.

If the purchase is completed, two (!) sell orders are automatically created, TP and SL. One cancels the other in case of execution.
Any of the parameters is optional. You can specify only TP or only SL.

I set such an order for the night, woke up, and it not only bought but also sold 🤗 wonderful! Too bad there’s no button “repeat if possible”

#TradingPairs101
How to use the diversity of trading pairs for profit?

Let's analyze this with my example. You know I have SOL, purchased at $200. 🤷🏻‍♀️

Selling it now at $155, or even at $170 - would be a loss. So it’s just sitting in my staking. But the interest there is not high, up to 3% maximum.

With trading pairs, you can do better. So:

1. Choose a trading pair SOL/token, where SOL is weakening. This means the trend on the chart will be downward.

2. Sell SOL at some peak (yes, you still need to draw lines and trends)

3. Wait for the price to drop, then buy SOL at a lower price

Result: we increased the amount of SOL without converting to USD.

Which pair to choose:
- calculate and analyze the chart, choose downward trends.
- look at pairs with BTC, usually when Bitcoin drops, altcoins drop more in percentage terms. Moreover, if you make a mistake - you will have BTC, not an 'unknown token with unclear actions'.
- theoretically, you can use the same pair SOL/USDT - if the price is falling. I did that, but I do not recommend it. If you make a mistake - there is a risk of being left with USDT. And it, unlike BTC, will not grow

I await your assessment or suggestions, is this a good method?

#BigTechStablecoin

Circle Internet Group, the issuer of the USDC stablecoin, successfully conducted an initial public offering (IPO), selling 34 million shares at a price of $31 each. This is above the initial price range of $27–28, indicating strong investor interest. The company raised about $1.1 billion.
The funds raised are intended to be used for expanding the use of USDC. Currently, USDC is the second most popular stablecoin after USDT. It still lags significantly behind in market capitalization and volumes, but has advantages such as greater transparency and regulatory resilience.
By the way, Tether, the issuer of USDT, does not plan to go public, nor become more transparent. The company registered in the Virgin Islands feels comfortable, not subject to American regulators😉.

Among the advantages of USDC specifically on Binance: USDC participates in Launchpool, while USDT does not.

Did you know about this? What other benefits does USDC offer? Share your suggestions 👇

$COS #MyCOSTrade

Choosing an entry point in a downtrend

Any textbook will tell you - trading in downtrends is risky, especially for beginners.

But this is only for those who do not draw trend channels. Let’s see how to trade in a downtrend using the example of COS.

We determine the trend and draw the trend channel (screenshot). We see that the price magically does not go outside the boundaries of the channel. It goes down, but always bounces off the return line of the trend, rises up, but does not break through the main trend line. This will continue until the trend changes.

Next, our task is only to extend the channel a few days ahead.
Entry point: the lower line (or return line of the trend) - this is our support.
Exit point: short-term - the middle line - can be strong resistance.
After breaking the middle line - it will become the new support, and the upper trend line - will be resistance.

Attention! Always take the entry point slightly above the line, and the exit point - slightly below. You are not the only one trading in the channel 😉

$COS #MyCOSTrade

Entry/Exit points for COS in the near future.

In the previous post, I showed the descending trend channel for COS on the daily chart. Recently, the price broke down through it and has now returned. It is at the very bottom of the channel and will move upwards.
Lower boundary 0.003158
Upper boundary - 0.003456
Middle line (which may act as resistance) - 0.003331
But! The channel is wide, and it is unknown how many days it will take for the price to reach the upper boundary.

Let’s forecast more accurately for the next few hours:
Screenshot: short-term ascending trend on the hourly chart. It intersects with the main trend. I drew a channel, which has been functioning since yesterday and still continues:
Lower boundary (entry): 0.003160 - 0.003166 and is increasing
Middle line (exit before it is broken, entry - after): 0.0032 and is increasing
Upper boundary: 0.003252 and is increasing

These boundaries will be relevant in the coming hours. The trend channel is angled, with the boundary shifting slightly upwards every hour.

$COS #MyCOSTrade
Today Binance announced a trading promotion with the coin COS.
I usually don't trade such coins, but it's a promotion 😂.

Here's what happened:
-I saw a downtrend on the daily chart, drew a trend channel
- the price just broke the retracement line, which means the downtrend accelerated
- the volume over 24 hours is just over 1 million

Under these circumstances, I decided to wait. And when the promotion was published on Square, the price slowly but surely started to rise.
Entry point - confirmed return to the trend channel.
Exit point - for me almost immediately 😂 I am not a risk-taker, the conditions of the promotion were met, and that's good))

Here I can only add one screenshot, in the next post I will show the adequate entry/exit points for the upcoming hours.

May has ended, hello June😉

New giveaway campaign from Binance. This month we are getting $GUN

Follow the link to claim your gift for free👇👇👇

https://app.binance.com/uni-qr/Ubr1AThu?utm_medium=web_share_copy

This is from Binance, and here is the BNB redpacket from me:

🧧BNB: BP5GIHFPX1

Send it to your friends!

Update on $BTC
The price remains in the trend channel (screenshot). Look, in Trading View, the trend channel is drawn immediately with the middle line. And as you can see, it can act as support/resistance. Useful for day trading. Check the hourly chart of $BTC , how beautifully the middle line worked as support today.

So, what do we have in the end:
- support at 103000, the next key level is ≈99000.
- if the price reverses, the possible maximum for today/tomorrow at levels: 103000, 106000, 107000.

Ps: don't think that I consider myself a great trader 😂🙈 This place gives daily tasks to describe your trades. They have a new feature, and they are promoting it.

#TradeStories #TradeOfTheWeek

Please like, need 10 likes. 😉🤗

HYPER - New listing 22.04.

If you are a BNB holder, check your spot balance. Today, another Airdrop from Binance has been completed. All holders have been credited with Hyper tokens.

The spot trading page is already available 👇

I exchanged USDT for USDC, explaining the benefits.

Historically, I have always used pairs with USDT in trading. And even when Binance started actively promoting USDC, I did not switch.

Due to my region of residence, I have access to all operations with USDT, but today I exchanged all of them for USDC. Here’s why:

1. % in Ern for USDT ≈6.54%, for USDC - 10%

I do not use my entire deposit in trading; I always keep a reserve amount in USD (in case of mistakes or a sharp drop in prices). With the help of auto-subscription, the remaining USD automatically goes into Simple Ern under %. Now the income will be 3.5% higher
(The increased % applies only to $400)

2. USDC participates in Launchpool, while USDT does not. A new launchpool has already started today, and I immediately subscribed my USDC. I will receive free tokens from Binance. Income out of nowhere.

3. USDC is more transparent and has a European license in accordance with Mica requirements. I feel more at ease with them. Although USDT is also a very good stablecoin, widely accepted and more common. But it’s a bit more pleasant knowing that USDC's reserves are checked quarterly.

These are the main advantages. I exchanged tokens on the spot, one to one without a commission.
I didn’t spend anything, but I will gain.

#BinanceLeadsQ1