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CRYPTO MECHANIC
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Posted This
#Dydx
chart yesterday here on
#Binance
played out really well.
on to the next one..
#crypto2023
#dyor
#bearorbull
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The Best Learnings are a result of Losses and Mistakes. When do you learn the most? When you take losses, make mistakes, suffer drawdown and have down moments. At such times, you are forced to improve, reflect and change things up. Losses are your Guide to what doesn't work, so you can avoid doing it again.
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The BNB Foundation has just concluded its 29th quarterly token burn whereย more than 1.7 million BNB was burned, equating to $1.07 billion and that's huge. Why BNB burned token? Based on it's module BNB is deflationary token and with that module tokens has to be burned and removed from the token supply. BNB Current Supply After Burn is: 144,099,981.1 BNB And they will burn 43,533,387.84 BNB more after that it will be stopped. Will it increase the price of $BNB ? Change in price is based on demand. you might have heard this prices are dependent on supply and demand. If there is less supply and more demand the price will go up. Binance stands as number 1 crypto exchange and there is definitely demand for it. As the supply is getting burned and demand keeps on increasing i think it's good for the price in the long term. #29thBNBBurn
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That's a clean fake-out of the highs unless we see it bouncing back above it. i still think the right time of the trade will be post election. $BTC
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Technical Analysis Lesson | Risk Management (Stop Loss)
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There are multiple techniques that traders use to manage their risk i discussed two most used. You can watch the video and see how it works i also wrote article on it before if you prefer reading over watching a video you can read this. ๐ Risk Management Article
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