what the f is this.? i have thisin my wallet #BinanceLaun | Ahmadcn on Binance Square

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what the f is this.?
i have thisin my wallet 
#BinanceLaunchpoolHMSTR #NeiroOnBinance #BTCReboundsAfterFOMC 

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let's hope for $NOT to come home. The chart provided shows a trading setup for the NOT/USDT pair on Binance. Here is a detailed analysis of the setup: 1. **Price Action**: - The price has seen a sharp upward movement, indicating a strong bullish trend. - After reaching a peak, there's a correction or pullback occurring. 2. **Entry Point**: - The suggested entry point for a short position is marked near the peak of the recent upward movement. - I anticipates a continuation of the pullback or a reversal from this point. 3. **Stop Loss**: - The stop loss is placed just above the entry point. - This placement is to limit potential losses if the price continues to rise instead of reversing. 4. **Take Profit (TP)**: - The take profit level is indicated much lower, near the base of the sharp upward move. -I expects a significant drop in price, potentially retracing the entire recent upward move. ### Strategy Rationale - **Bearish Outlook**: The trader is expecting the price to drop after a significant rally. The rationale could be based on overbought conditions, a potential double top, or other reversal signals. - **Risk Management**: The stop loss is tight relative to the entry point to minimize losses if the market moves against the trade. The take profit is set far from the entry, suggesting a high risk-to-reward ratio. ### Potential Risks - **Trend Continuation**: If the bullish trend continues, the stop loss may be hit quickly. - **Market Volatility**: High volatility can cause price swings that might hit the stop loss before the price moves in the anticipated direction. ### Conclusion This trading setup is a short (sell) position anticipating a price reversal after a sharp upward movement. Proper risk management is crucial, as the market can be unpredictable, and there's always a risk of the price continuing to rise. The strategy banks on a significant drop, providing a high reward if the market moves as expected.

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is this makes any sense? #BTC🔥🔥🔥🔥

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you can take idea from mu running tradesa

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how are you doing please tell me. bcz i am not doing great today.

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here! are the results of copy trading !! what do you people think about copy trading? #etf #BTC #copytrading

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