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If you need any chart request of good projects, drop them down 👇
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Bitcoin Quick Update & TA Analysis Hello family! Let’s talk about Bitcoin today. Right now, Bitcoin is trading around $57,493.55, all e know last few days BTC continues down from its high of $73,736. This recent fall brings us to some key points. First, keep an eye on the $56,209 level, which is the 0.5 Fibonacci retracement level. If Bitcoin holds here, we might see a bounce. But if it falls below this, the next support is at $52,003 (0.62 Fibonacci level) and possibly down to $50,000. On the upside, if Bitcoin starts moving up, the first hurdle is around $60,404, which is near the 200-day moving average. If it crosses this, the next targets are $62,763 (0.5 Fibonacci retracement) and $64,988 (0.62 Fibonacci retracement). Overall, the trend looks bearish with a lot of selling pressure. If you’re trading for the short term, be careful and use stop-loss orders to protect your money. If you’re investing for the long term, these lower prices might be good buying opportunities. Stay updated with the latest news and trends to make smart decisions. Happy trading!

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Binance Delist Announcement MDX, POLS, DOCK, BOND: These Coins Are Pumping 🚀🔥 Do You Know Why ?? Here is the reason I'll breakdown 👇 In typical scenarios, when a major exchange like Binance announces the delisting of a cryptocurrency, it often leads to panic selling, causing the coin's price to drop significantly. This reaction is driven by the fear of reduced liquidity and accessibility. However, if coins that are announced for delisting are pumping instead of dropping, several factors could be at play🫡. 1️⃣ Reason Short Covering When Binance announces it will delist a coin, traders who were betting that the coin's price would drop (known as "short sellers") need to buy back the coin to close their positions. This buying activity is called "short covering." It can cause the coin's price to go up temporarily because: 👉 Demand Spike: A sudden surge in demand as short sellers rush to buy back the coin to avoid potential losses. 👉 Supply Reduction: The increased buying pressure reduces the available supply in the market, pushing prices higher. 2️⃣ Reason Manipulation Sometimes, big players or groups of traders manipulate the market, especially around the time a coin is set to be delisted. Here's why they do it: 👉 Hunting Stop Losses: These traders deliberately drive the price pump to trigger stop-loss orders set by short traders. Stop-loss orders are automatic sell orders triggered when the price reaches a certain level to limit losses. By triggering these orders, they cause further downward pressure on the coin's price. 👉Liquidating Beginner Traders: Beginners Open shirt order sell when they see a coin's price dropping rapidly. Market manipulators exploit this by driving the price up quickly, causing panic among beginners and forcing them to wallet liquidate. 👉Profit Opportunity: After causing a price drop, manipulators might buy the coin at a lower price from panicked sellers. They can then wait for the price to recover slightly or stabilize before selling it again at a profit. 1st comment 👇 important

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Complete Beginner's Guide to Scalping Using Bollinger Bands

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Everyone was bullish last night. But those with knowledge of technical analysis know what's next 😈. Our Challenge Going Well 100$ --> 1000$.

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Why Most Beginner Crypto Traders Lose Their Funds in Futures Trading Hey Fam!! I hope you fine and let me know what's your biggest spot bags for next Altcoins season😉 Futures trading in cryptocurrency can be enticing due to the potential for high profits, but many beginners find themselves facing significant losses. Here are some key reasons why this happens: 1. Lack of Knowledge and Experience Many beginners jump into futures trading without a solid understanding of how it works. Futures trading involves predicting the price movement of a cryptocurrency within a specific time frame, and it can be quite complex. Without a thorough understanding of market trends, technical analysis, and trading strategies, beginners are at a high risk of making poor trading decisions. 2. High Leverage Futures trading often involves leverage, which means you can trade with more money than you actually have. While this can amplify profits, it can also magnify losses. Beginners might be tempted by the possibility of high returns and use high leverage, not realizing that it can quickly wipe out their funds if the market moves against their position. 3. Emotional Trading Trading futures can be stressful, especially in the volatile crypto market. Beginners often let emotions like fear and greed drive their decisions, leading to impulsive trades. For example, they might hold onto a losing position too long, hoping the market will turn around, or they might chase after quick profits without a proper strategy. 4. Poor Risk Management Effective risk management is crucial in futures trading. Beginners often fail to set stop-loss orders, which automatically sell a position when it reaches a certain loss level, or they might invest more than they can afford to lose. Without proper risk management, a single bad trade can result in significant losses. 5. Market Volatility The cryptocurrency market is known for its extreme volatility. Prices can swing dramatically in a short period, which can be challenging even for experienced traders to navigate.

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