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Laraxen
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CONGRATULATIONS TO MY EVALUATING FRIENDSš„³
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Laraxen
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š PREMIUM SIGNALš
Exchange: Binance
ā”ļøFOLLOW
š„SHORT
Name: GLM/USDT
Margin: CROSS 50X
āŖļøENTRY ZONE (USDT):
0.56476-0.57044
šÆTARGETS (USDT):
1) 0.56192
2) 0.55625
3) 0.55057
4) 0.54490
5) 0.53922
6) 0.53354
āļøRecommended StopLoss:
0.59030
šRatio 1:3
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$BNB What is BNB? BNB (Build and Build) is the native cryptocurrency of the Binance ecosystem, originally launched as Binance Coin in 2017. Initially created as a utility token for the Binance exchange, BNB has evolved into a multi-purpose asset powering the Binance Smart Chain (BSC) and Binance ecosystem. Key Features of BNB 1. Utility Token: Used to pay for transaction fees on Binance Exchange and Binance Smart Chain. 2. Burn Mechanism: Binance conducts periodic token burns to reduce the total supply, increasing scarcity. 3. Ecosystem Growth: Powers decentralized applications (DApps), DeFi protocols, and NFT marketplaces. Pros of BNB ā¢ Fee Discounts: BNB holders enjoy reduced transaction fees on Binance. ā¢ Ecosystem Versatility: Supports DeFi, staking, and smart contracts on BSC. ā¢ Deflationary Tokenomics: Regular burns help maintain long-term value. Cons of BNB ā¢ Centralization Concerns: Critics argue Binanceās control may limit decentralization. ā¢ Regulatory Risks: Subject to scrutiny due to its connection to Binance. ā¢ Market Volatility: Price fluctuations can impact utility and investment. Use Cases of BNB ā¢ Trading Fees: Discounted fees on Binance Exchange. ā¢ DeFi Applications: Staking, liquidity pools, and yield farming on BSC. ā¢ NFT Purchases: Supports NFT transactions within Binanceās ecosystem. BNB has become a cornerstone of the cryptocurrency industry, offering both utility and investment potential. However, investors should weigh its risks and benefits carefully.
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Risks of Cryptocurrency Futures 1. High Volatility: Cryptocurrency prices can fluctuate dramatically, leading to potential losses. ā¢ Pro: Opportunities for high returns. ā¢ Con: Increased likelihood of significant losses. 2. Leverage Risk: Futures trading often involves leverage, amplifying both gains and losses. ā¢ Pro: Smaller capital can control larger positions. ā¢ Con: Losses can exceed initial investment. 3. Market Manipulation: Cryptocurrencies are less regulated, making them susceptible to price manipulation. ā¢ Pro: High volatility may create trading opportunities. ā¢ Con: Unpredictable price swings increase risks. 4. Complexity: Futures trading requires advanced knowledge and strategies. ā¢ Pro: Experienced traders can benefit from market trends. ā¢ Con: Beginners may face steep learning curves and financial losses. 5. Liquidity Risk: Certain contracts may have low trading volumes. ā¢ Pro: Popular futures (e.g., BTC, ETH) often have high liquidity. ā¢ Con: Smaller markets can lead to difficulty in closing positions. 6. Emotional Trading: High stakes can lead to irrational decisions. ā¢ Pro: Discipline can lead to consistent profits. ā¢ Con: Emotional responses can magnify losses. Understanding and managing these risks is crucial for successful futures trading.
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Congratulations to those who evaluated ā $GLM
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Weāre done with you $SAND
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WHATSUP GUYS !! šø1000PEPE/USDT Profit: > 450% ā Target #6 done Price 0.0173054 šTime spent: 0d:01h:4m ā ļøFix 10% Position amount ā ļøThe remaining 10% position amount goes into a mid-term portfolio
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