7 years ago, I stumbled into the world of cryptocurrency with 250 USDT in hand and absolutely no clue what I was doing. It all started with a casual recommendation from a friend, and I found myself diving into Solana futures. Little did I know, I was diving straight into disaster. Within two days, my account was wiped clean. Undeterred, I deposited another 200 USDT, only to lose it all again within a week. The third attempt came with 400 USDT and a burning desire for revenge—only to end in the same result, all in a single day.

At that point, I was convinced that crypto was a scam, a game no one could win. But then, something changed. I came across profit posts and realized that while most people lose, about 5% actually make consistent gains. The question burned in my mind: If they can do it, why can’t I?

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The Turning Point

Determined to figure it out, I began searching for mentors on platforms like TikTok, joining paid groups, and learning from various traders. Yet, I kept getting liquidated, over and over again. My breakthrough came when a friend referred me to a highly reputed trader in Dubai. Although he only taught in person, he connected me with a teacher in Asia who agreed to give me online lessons for 500 USDT over two months.

It was a steep price, but I knew it was my best shot. I worked hard to scrape together the funds and started the classes.

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The Learning Phase

Those two months were a game-changer. For the first time, I learned the fundamentals of trading. With a 400 USDT account, I began trading with discipline, aiming for small but consistent profits—just $5–$10 a day—to slowly grow my portfolio.

I spent countless hours studying charts, analyzing market behavior across different time frames, and experimenting with indicators. It was exhausting but rewarding. Over time, I developed a deep understanding of the market and built confidence in my strategies.

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Mastering Futures Trading

After gaining confidence in spot trading, I cautiously ventured into futures. My first attempt? Another liquidation. But this time, I expected it. I kept my futures wallet balance small and avoided overleveraging.

Fast forward to today: For the past 2-3 years, I haven’t been liquidated once. My account has grown to almost 75,000 USDT, and I now earn 10000–15,000 USDT monthly in futures with a modest 5000 USDT wallet size. The rest of my funds remain safely in my spot and funding wallets.

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Key Lessons I’ve Learned

1. Stick to a Plan:
Never panic sell or buy out of greed. Discipline and patience are everything.

2. EMA Strategies:

EMA 5: Best for 5-minute trades.

EMA 21: Ideal for 15-minute to 1-hour time frames.

EMA 50, 100, 200: Excellent for longer time frames.
Note: Smaller time frames are risky—stick to higher ones for better accuracy.

3. Margin & Leverage:

Use leverage wisely. I stick to 5x leverage and never risk more than 1% of my margin on a single trade.

4. Fibonacci Retracements:

The 0.618 retracement level is incredibly reliable, even more so than the golden pocket.

5. Candle Reading:

Understanding candlestick patterns is essential. Without this skill, profitable trading is nearly impossible.

6. Liquidation Awareness:

Most liquidity heat maps are fake and manipulated by exchanges. I rely on a private tool for accurate data.

7. Focus on Price Action:

Fundamentals occasionally matter, but 99% of the time, price action rules the market.

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A Greed-Free Mindset

Today, I’m thrilled with where I am in my crypto journey. My goal isn’t to get rich overnight but to achieve steady, sustainable growth. By avoiding greed and sticking to a proven strategy, I’ve turned crypto trading into a profitable venture.

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Final Note

I’m sharing my journey to inspire and educate. I don’t run paid groups, nor do I sell signals. Beware of those who do—they often can’t trade profitably themselves and rely on your money to survive.

Remember, with the right mindset and strategy, you can achieve success in crypto. Take it slow, stay disciplined, and never stop learning!

XLM Price 620% Surge Fails To Conquer $0.5 Resistance.

Stellar Lumens (XLM) has recently experienced a significant surge, with its price climbing over 80% to reach a high of $0.55. This bullish momentum reflects strong buying interest and renewed confidence in the asset’s potential.

However, the price also briefly retraced from its peak as it faced resistance at the $0.55 level, suggesting that $1 remains a potential milestone rather than an immediate outcome.

XLM Rally Fails To Conquer Key Resistance

The XLM USD rally sparked hopes that the token may reach $1, but these hopes were dashed after the token failed to hold on to the $0.5 price level. It seems that the bears’ profit booking triumphed over the hype that was pushing the Stellar Lumens token higher.

During the token’s 620% rally since Nov. 4, traders started piling into the market hoping to ride the bull run to $1. However, the token plunged after a spike to $0.64 on Nov. 24. Since then, the token has dropped nearly 28% to reach a daily low near $0.45.

XLM USD daily price chart with RSI. Source: Tradingview

The plunge was likely after the token reached its highest level since May 2021.

If the downtrend continues, XLM price could reach the support near $0.4. Breaching the immediate support might force the token to test the support near $0.28.

On the other hand, if the XLM price starts rallying again, the token will face resistance near $0.585 again. Breaking and consolidating above this resistance could help the token rise to the resistance near $0.72 before correcting.

However, the overbought RSI levels, currently scoring 76.95 on the daily charts, could result in more downside movement for the token.

Grayscale’s 10-K Filing The Fuel For Rally

A pivotal factor in XLM’s recent rally is Grayscale Investments LLC’s filing of its annual 10-K report for the Grayscale Stellar Lumens Trust (GXLM) on November 22, 2024. The report highlighted a 10% increase in the Trust’s net assets, adding approximately 34.88 million XLM tokens.

This substantial accumulation by a prominent institutional investor signaled strong confidence in Stellar’s long-term prospects, thereby boosting market sentiment.

Traders celebrated the XLM Grayscale news and the resulting hype.

The filing also provided transparency into the Trust’s financial health, including details on net realized and unrealized losses, which are crucial for investors assessing the Trust’s performance.

The increased holdings and positive financial disclosures likely contributed to the surge in XLM’s price, as investors interpreted these developments as bullish cues.

Additionally, the broader cryptocurrency market’s upward trajectory, with Bitcoin nearing the $100,000 milestone, has positively influenced altcoins like XLM.

The combination of Grayscale’s increased holdings and favorable market conditions has positioned XLM for potential further gains, though investors should remain cautious of possible short-term corrections.

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