WARNING🚨Never fall for this trap ‼️‼️ Always check this each time before you trade I hope everyone is well aware about the recent crash in the crypto market which took down $BTC to 35,000 $ giving a massive loss to all investors. The whole market was down by 20-30% with all tokens dropping significantly ,Many traders had losses which were too far from recovery. Now the market is repeating the cycle once again. Here is what you can do to avoid losses & earn significant profits.
🌐 Always make sure to check the market trend before deciding to take a position.
🌐 Never go against the market trend ,even if you clearly see a different trend on the individual chart ,going against the market trend will definitely result in loss, check the market trend for additional confirmation before placing the trade.
🌐 If the market shows a normal trend follow the trend of the respective charts, if market occupies a specific trend , strictly consider market trend above any individual chart trends.
🌐 When the market is bullish ,avoid trading on bearish patterns ,since the market & the individual chart patterns are opposite, this creates an uncertainty in the price movement. Taking positions on such charts might lead to loss.
🌐 Identify charts with continuous/smooth patterns ,trading on high volatile tokens may initially have favourable price movements, but there are high chances that they hit your SL before moving in the desired direction.
🌐 Strictly maintain your SL & never try to catch trades on trend reversal. If the market is bearish ,only 'sell' ,never 'buy'.
🌐 Be aware of the false breakouts that occur reversing the direction of the priceflow, Do not enter the trades immedeatly, Turnaround or Price reversals are only possible when the whole market trend tends to reverse.
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Binance is a popular cryptocurrency exchange platform that offers various ways to earn money from crypto assets. Some of the methods are:
Binance Earn: This is a crypto savings platform that allows users to deposit their spot digital assets and earn interest over time. Users can choose from flexible or locked savings products, as well as staking products that reward users for holding certain tokens.
Binance Futures:
This is a trading platform that allows users to trade contracts that track the price movements of crypto assets. Users can leverage their positions and profit from both rising and falling markets. However, this also involves higher risks and fees.
Binance Launchpad:
This is a platform that hosts token sales for new and innovative crypto projects. Users can participate in these sales by holding Binance Coin (BNB) and get access to discounted tokens before they are listed on the exchange.
To make 10 dollars daily from Binance, you will need to have some initial capital, knowledge of the crypto market, and a suitable strategy. You can watch some tutorials on YouTube or read some blogs to learn more about how to use Binance Earn, Binance Futures, and Binance Launchpad. However, please note that there is no guarantee of earning a fixed amount every day, as the crypto market is volatile and unpredictable. You should always do your own research and be careful with your investments
#BinanceSquare * Can I trust Binance? * Is Binance Exchange Safe?
Binance is often considered one of the safest exchanges in the world if you consider the level of security. If the exchange crashed or a hacker stole assets or funds, the SAFU reimbursed its users from the $1 billion fund. Not every platform has an insurance fund in place.