Futures trading can be extremely risky, especially during market corrections where many traders face liquidation. Spot trading, on the other hand, is much safer. If you’re unsure about trading on your own, consider following a reliable copy trader. I’ve been guiding traders for months, providing signals and managing a copy trading account to help others succeed.
Remember, risk management is essential in trading—it’s not optional. Always prioritize it to protect your capital and grow steadily.
I have decided to focus solely on trading and analyzing Shariah-compliant tokens and coins ($BTC $ETH $XRP & many more). While I have previously traded across various assets, my commitment to aligning my trading with Shariah principles now takes precedence. I have been a spot trader from the beginning, but not all spot assets meet Shariah compliance. Faith is more important than anything else, and I trust that God will guide me on this path.
We’ve seen another daily close below the main level on BTC.D, which signals a significant shift. With this crucial close in place, today’s candle closure becomes even more important, as it could lead to a capitulation candle—a key indicator of a serious change in altcoin momentum.
Recently, I experimented with spot grid bots to simplify my trading strategy. I set the lower limit to match my stop loss and the upper limit slightly higher than my final take profit, allowing for a potential runner. The trigger price was set to my desired entry point, creating a setup that resembles a futures trade where you can let it run autonomously. While setting stop losses and take profits in spot trading can be more complex compared to futures, this method has made the process much easier for me. I hope this insight proves helpful to you all!
I’ve set up a limit entry for $GMT between 0.1312 and 0.1080, with a stop-loss at a 1-day close below 0.1. The setup shows a strong pennant pattern and a breakout from lower timeframe consolidation. The first limit is positioned on the retest, which aligns well with the 50 EMA, quarterly VWAP, and the 0.5 Fibonacci level.
Many coins pumped right after I closed all my trades, so yes—I missed out. But I'm playing it safe; the market can turn south at any moment. The smartest move right now was to avoid unnecessary risk. If you took the chance and made profits, kudos to you!
I'm closing all trades to de-risk my portfolio in light of the upcoming elections. Historically, the market trends down post-elections, so I'll be resuming trading afterward.
I'm entering $1MBABYDOGE at the market price. The TP targets are set at 0.0023492, 0.0025910, 0.0027206, and 0.0028948. To manage risk, I’ve placed a stop-loss at 0.0016324.