Some Rhymes for today #BTC #crypto2023 #CryptoPoetry | Mux в Binance Square

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Some Rhymes for today#BTC #crypto2023 #CryptoPoetry

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So what to do when facing a potential liquidation?

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#BTC MACD has successfully crossed over at the weekly chart. I expect a continued rise over the next few weeks. We might reach 82k people! 💪 It's also crossed over on the 4hr so yeah, we are so back!!!

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Because the market is not your grandmother, some #BinanceFuturesTips I use are; 1. Use low margins As lucrative as it might be to use a 50x margin, try to control your greed and need for quick profits and use 10x - 20x. This way if a trade moves against you, you are much safer from a liquidation. And if you insist on using high margins like 25x-50x or more, make sure you have funds in your futures account to support your trades by having a low margin ratio. For example, if you are trading a $500 account and insist on using a 50x margin, make sure you only have a small percentage of your $500 in a trade, let’s assume $100 so that the other $400 is left to support your $100 in case the market moves against you. This way you are much safer from a potential liquidation. 2. Support your assets Whether you are using high margins or low margins, make sure to support your trades. If you have $200 to trade, place in $100 or less and leave the other $100 as support for your positions. This is in support of the first point. The safest bet is to use low margins while also supporting your assets. Say when you have a $500 account, trade $100 with a 15x margin. Here when combined with tact and a good trading strategy, unless in extreme bear markets, it is highly unlikely you could get liquidated when the market suddenly moves against you as your asset is well supported. 3. Learn technical analysis You cannot be a successful trader if you do not have a good understanding of technical analysis. And you do not want to be in a short trade when it is longing or vice versa. As these are potential profits you could be locking in and losses you could be avoiding. While trading shares similarities with gambling, good technical analysis helps one make informed decisions when getting in and out of trades and this is the core difference between a trader and a gambler. Know how to read candle sticks, trade indicators, volumes, etc. This way, you will know when to enter a good trade, when to long or to short when to exit profitably, and how to avoid liquidation.

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How to Avoid Getting Liquidated When Trading Crypto Futures

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#BTC MACD looks like it wants to cross over upwards on the weekly chart. If it does so successfully next week, #BTC and many alt coins will shoot to the stratosphere! I am ready! 💪

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