Trading on Binance Futures has allowed me to explore new opportunities, but I also know it carries certain risks. Here I share my personal strategy using the ETH/USDT pair and real-time data to make well-informed decisions 👇

1️⃣ My Technical Analysis:

-Market Trend: First, I check the moving averages (MA) to detect where the market is heading. When I see the 50-period MA above the 200, I interpret that the trend is bullish, a positive signal to enter 'long' or buy. 💡

-Key Supports and Resistances: I identify points where the price tends to bounce. Right now, ETH has strong support at $2,500 and resistance at $2,700. These levels guide me for potential entries and exits. 📊

-Assessing Momentum with RSI: I use the RSI to evaluate whether ETH is overbought or oversold; in this case, if it is close to 70, it could be a signal of overbought and I will wait a bit before opening a position.

Real-Time Data:

-Current Price of ETH/USDT: $2,524.92 USD

-Support: $2,500 USD

-Resistance: $2,700 USD

2️⃣ Risk Management:

-Controlling Position Size: To avoid risking too much, I only invest 1-2% of my capital in each trade. With a balance of $1000, I keep my risk between $10-$20 per trade. 🔒

-My Stop-Loss and Take-Profit: If I enter ETH at $2,520, I place a stop-loss at $2,480 to limit potential losses. And if I see the market moving in my favor, my take-profit at $2,600 secures profits without having to monitor all day.

3️⃣ Using Leverage Cautiously:

-Moderate Leverage: Although Binance allows high leverage, I prefer to stay at 5x or 10x to avoid rapid liquidation risks. Moderate leverage allows me to earn a bit more without exposing myself to extreme losses.

4️⃣ Entry and Exit Strategy:

-Signal Confirmation: Before entering, I wait for confirmation from several indicators, such as moving average alignment and RSI in a favorable zone.

-Active Monitoring: During the trade, I adjust my stop-loss and take-profit levels based on how the market evolves, so I always have a Plan B! 📲

5️⃣ Always Learning:

- To improve my strategy, I take advantage of educational resources from Binance and other places. Continuous learning is key to refining my decision-making in futures trading. 📚

⚠️ Reminder: I understand that trading futures can be volatile and, while it offers the opportunity to maximize profits, it can also bring losses. That's why I do my own research and ensure to trade cautiously.

👉 If you want to learn more, I recommend the beginner's guide on Binance link

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