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#Fil Scenario.
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Don't forget to read this, the first drop occurred ;)
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One Year ago on Dec 12, 2023 BTC price was 41,487$ with a daily gain of 0.56% 🟢 Price Opened at: 41,256 🕑 Reached a high of: 42,070 📈 Closed the day at: 41,487 🚦 Volume of BTC Traded that day: 57,000 Bitcoins ⛳️ #FollowMe #N4G #History
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To me, the market has 2 phases of retracement. One that lasts for days / weeks and the other lasts for a 3-6-9 months. To identify the last one, you have to anticipate when the market makers are done playing and just going into hibernation. Simply, they are just getting exhausted, wants to reap profits, let the market reset, so they could come back fresh. Make sure you don't get caught in the net @ this 2nd phase. #N4G
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Trader Turns $2,500 Into $200,000 with High-Stakes XRP Futures Bet. In the fast-moving crypto market, taking risks pays off well for a lot of traders. A trader turned a $2,500 investment into a staggering $200,000 using XRP futures on one of thehigh-leverage platforms. This extraordinary feat, achieved with 500x leverage, offers a compelling tale of risk, reward, and technical precision. The trader entered the market when XRP was priced at $1.9025, leveraging their position to the extreme. With 500x leverage, even the slightest dip to $1.9004, would have wiped out the entire investment. As the news spread, XRP’s value climbed to between $2.13 and $2.29, providing the perfect exit window for the trader. By closing their positions incrementally, they secured a jaw-dropping 7,500% return on their initial stake. Understanding leverage and risk: leverage allows traders to control a larger position with a smaller initial investment, amplifying potential profits and losses. At 500x leverage, the trader controlled a position 500 times their $2,500 investment. However, this high-stakes approach is a double-edged sword. A minuscule price drop below $1.9004 would have triggered liquidation, erasing the entire investment. A gamble that paid off this trader’s story highlight’s the razor-thin line between triumph and catastrophe in crypto trading. While their $200,000 windfall is the stuff of legend, it’s a stark reminder of the discipline, timing, and risk tolerance required to navigate this volatile market. Author: I'm trying to make you read stories for educational purposes. #N4G
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