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$CREAM coin is trending, but 94% is held by whales. Does this concentration make you think twice? #CreamFinance #CREAM #altcoins #BinanceSquareWritingContest #CMEBitcoinSpotTrading

$CREAM coin is trending, but 94% is held by whales. Does this concentration make you think twice?

#CreamFinance #CREAM #altcoins #BinanceSquareWritingContest #CMEBitcoinSpotTrading

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Why don't your support and resistance trades often go as planned? It's because market makers are one step ahead. They know retail traders place orders exactly at these levels, and they play the game to their advantage Always place your orders slightly below or above the support and resistance levels. This small adjustment can make a big difference. And here's a crucial insight: 1. Small candles approaching support? High probability it won't break. 2. Large momentum candles approaching support? High chance it will break. Keep an eye on candle behavior and place your orders strategically, just before or after these critical levels. #BlackRock #BTC #TopCoinsJune2024 #Binance55thProject(IO)
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Curious how IO.NET will perform upon launch? Don't worry if you don't read lengthy whitepapers. Keep an eye on neighboring coins performance like Filecoin and Render Network to gauge io.net potential. Timing is key: Positive market sentiment alongside strong performances by BTC and ETH could signal a promising debut for io.net. #Binance55thProject(IO) #BnbAth #BlackRock #StartInvestingInCrypto
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Don't blindly follow pre-drawn support and resistance indicators. If support and resistance levels are an open book, why isn't everyone making profits? I turned my trading around when I started drawing my own support and resistance levels. Here's my approach: 1. Draw Your Own Levels: Instead of relying on standard indicators, I draw support and resistance on the 4-hour or 1-day timeframe. 2. Regular Updates: I don’t rely on these levels for too long. Every 10 days, I redraw my support and resistance to reflect the latest market conditions. By doing this, I guarantee you'll start trading better. You might wonder, if I change coins every day, isn't that too much work? Here's the insider tip: the most successful traders don't overextend themselves. They zero in on a handful of coins—six at most—and trade those consistently. This is where small traders go wrong—they trade in dozens of coins and end up losing. Simplify your strategy, focus on a few coins, and you'll see a significant improvement in your trading success. #MicroStrategy #BlackRock #BinanceLaunchpool #StartInvestingInCrypto
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Always Book Profits at the Right Time! One common mistake is to sit idly, waiting for prices to rise further, only to miss out on gains. To avoid this, I follow a simple yet effective strategy: watch the whales. When I see the big players taking profits from a coin, I know it's time to act. 1. Check Liquidation Levels on CoinGlass: Using CoinGlass, I observe the liquidation levels to see where the money is concentrated. 2. Sell Near Liquidation Levels: When whales start to grab profits, I sell near these liquidation points. Often, the price touches this level and then pulls back. Sometimes, it may go a bit higher, but it generally declines within hours. By following this strategy, I've consistently managed to take profits at opportune moments, ensuring that I don't miss out on gains while others are caught up in the hype. Remember, in trading, timing is everything, and knowing when to sell is just as important as knowing when to buy. #StartInvestingInCrypto #MicroStrategy #BlackRock #BinanceLaunchpool
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Investing smartly means recognizing trends! Just like 80% of internet bandwidth is dedicated to video streaming, the Web3 space has projects tackling the same issue. Look at Theta, Livepeer, and BitTorrent Token (BTT). They're addressing the future head-on, much like the demand for video streaming. #BinanceLaunchpool #StartInvestingInCrypto #MicroStrategy #BlackRock
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