🔵 TRADING FOR BEGINNERS (SPOT)
If you are a beginner trader, trading on the Binance Spot market is a safer and more suitable option than futures, as it does not use leverage and eliminates the risk of liquidation. Here is a guide based on the analysis shared:
Trading Strategy: $JTO / USDT (SPOT)
1️⃣ Type of operation: Buy on Spot (without leverage).
2️⃣ Purchase zone: Between $2.86 and $2.81.
Exit points (Take Profit):
• First target: $2.90
• Second target: $2.95
• Third target: $3.00
• Fourth target: $3.05
Risk zone (Stop Loss):
• Suggested Stop Loss: $2.60. This means that if the price drops to this level, it is better to sell to limit your losses.
Key tips for beginners when trading Spot:
1. Buy the asset directly: In Spot, you do not use leverage. You simply buy the token and hold it until you reach your target.
2. Manage risk: Never invest more than 5-10% of your available capital in a single trade. This reduces the impact of potential losses.
3. Set limit orders: Use buy/sell limit orders to set your entry zone and exit targets. This ensures that you enter and exit at the desired price.
4. Be disciplined: Respect both the targets and the Stop Loss to avoid further losses.
⚠️ Disclaimer: This analysis is educational and reflects a personal opinion. Please do your own research before investing and keep in mind that the cryptocurrency market carries risks.$XRP