A lot of people refused to take profits before this whole #CryptoTariffDrop They thought the market was bending to their will. Each minute they stared at their trades and said damn life is good. They looked at others in loss like novice They felt like Master of the game
But now some of those profits all gone because of greed and over confidence
This shows that you can trust your chart and strategies and all it takes is just one negative news to push you overboard.
REMEMBER THERE IS NO LOSS IN TAKING PROFIT
ALWAYS TAKE PROFIT BECAUSE THIS IS CRYPTO MARKET AND THE MARKET IS VERY VOLATILE !!
BNB is likely to continue its upward trend in the short term, with potential to test resistance at $590.36 and move towards $600 or higher. However, there may be short-term volatility, with possible pullbacks to support levels at $556.16 or $534.30 if resistance holds.
This is not a financial advise DO YOUR OWN RESEARCH !!
#BTCBelow80K if you are a new trader welcome to the realities of things
The low you think you are in can be someone else’s top and the top can also be someone liquidation call The cycle continues but if you must succeed You have to learn,relearn,unlearn and also have a strategy that works for you Execute Learn Redo
And also kill your emotions because for you to succeed this cruel market you have to kill that emotion.
Always take profit don’t feel the market is obeying your command.
And when you take profit, remember it is not your profit until the money is in your bank account. How to enjoy your profit : 1.Take profit 2. Withdraw your profit to your bank account 3. Purchase something with that money that will remind you how you got the money 4.Buy food or whatever and enjoy
This method does not only give you sense of belonging but reminds you that investment is all about making a difference in your life.
Without doing this then you have not made profit because the market could potentially take back everything it gave you.
Emmanuel Macron has lashed out against Donald Trump's decision to impose reciprocal tariffs, calling the move "brutal" and "unfounded" and proposing a temporary pause of future European investments in the United States.
My advise: The game is beginning to take shape little by little and we should be very careful not to be the grass that the elephants are going to fight on.
Trump imposing tariffs on goods being imported into the United states is no longer a news.
It is going to create an uncertainty in the market due to the inflation that accompanies such policies
No one knows how the crypto market is going to react or how affect countries are going to react in terms of reciprocal tariffs
My advise is to stay off the market and monitor closely
This might be an opportunity to buy some dips or take higher profits
But I will advise keep your funds handy and watch for the dip
It is better to have your money in your wallet while monitoring the market than waiting because you bought the top and the whole market is moving in a sell direction
Here is my analysis of the Solana (SOL) cryptocurrency:
- Trend: The short-term trend is neutral, the medium-term trend is down, and the long-term trend is neutral. - Momentum: The price is not overbought or oversold. - Support and Resistance: Nearest Support Zone is $125.00, then $100.00. Nearest Resistance Zone is $160.00, then $200.00. - Setup: The price has regained a 200-day moving average, which is a sign of a long-term uptrend. Swing traders would be buyers on pullbacks near $125 support, which could be an attractive swing trend entry, with a +30% upside to $160. - Pattern: The price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend.
Based on my analysis, here are some suggestions:
1. *Buy on dips*: If the price pulls back to the $125 support level, it could be a good entry point for a swing trade with a target of $160 (a 30% upside). 2. *Long-term hold*: If you're a long-term investor, holding SOL could be a good strategy, as the 200-day moving average indicates an uptrend. 3. *Wait for a breakout*: If the price breaks out of the Descending Triangle pattern, it could be a strong bullish signal. 4. *Keep an eye on news*: Positive developments, like the listing of Solana ETFs, could boost the price. 5. *Risk management*: Set stop-losses and take profits to manage your risk, as the cryptocurrency market can be volatile. 6. *Keep an eye on bitcoin* Remember bitcoin plays a key role in the price movement of alts coins.
Remember, this is not investment advice, and it's essential to do your own research and consider your own risk tolerance before making any decisions. #Sol #Write2Earn! #BinanceSquareFamily
With my experience in the currency circle, I have made money and lost money. If you want to be profitable in this Crypto market do the following:
Buy in the bear market and sell in the bull market. Bull markets generally last for 6 months to 1 year, while bear markets generally last for 1 to 2 years, and each bull-bear cycle lasts for about 3 to 4 years. Mastering this rule is enough to obtain stable returns of more than 50%. The key is to wait patiently for opportunities and seize the gains in each bull market. Remember, investing is a long game, not a short term something. #HotTrends #SOL🔥🔥🔥🔥 #BTC🔥🔥🔥🔥
$STRK Get ready for some major crypto action because Binance is set to list Starknet (STRK) on February 20, 2024, at 13:00 (UTC)! This marks a significant milestone for the Starknet community and the crypto space as a whole.
Remember cryptocurrency is highly volatile Manage your risk properly
An HOUR REMAINS FOR PIXEL SOON TO BE LISTED ON THE BINANCE EXCHANGE🔥🔥 Congratulations to those who staked BNB coin and have already earned PIXEL TOKENS. The good news is that PIXEL has a maximum supply of 5 Billion which is a good sign that the coin may pump until $10 after listing on Binance today before 1 hour to come.