And yes, there is a difference between spot trading and futures trading, and it's not just about leverage. Spot trading can be more related to investing and long-term (similar to buying real estate). By the way, real estate also decreases in value sometimes... And if real estate can be rented out, then spot can be deposited in Earn for interest. Futures are traded short-term, ideally up to 5 months when entering a trade and 1 hour when analyzing the trend.
As for the coin #BONK🔥🔥 and its further explosive growth... From my point of view, there is no sign of growth yet, and the outlines of a standard downward trend are in sight. At the moment, it fluctuates in the descending triangle zone with further downward movement with or without confirmation of a breakout... I see the final target in the region of 0.0000276
In addition to the fact that this indicator is set by default in the mobile trading platform of Binance, as well as the easy and effortless identification of highs and lows (though only in historical data), it can still be used to determine the strength of a particular movement here and now. How? This indicator does a good job of showing divergence (an example is shown in the picture). When this indicator goes down while the price goes up, it means there is buying strength, and the coin is likely to continue its rise for some time...
I believe that everyone before diving into this kitchen should understand the basics of how the market works. How does it operate? Price movement on the chart goes through 3 main stages: 1. Accumulation 2. Manipulation (including false breakout) 3. Distribution So in our case, accumulation will be the price movement upwards (essentially the buying of the coin)
What to do... when you have entered a trade... and even successfully, but the question of when to exit is unclear? When to close an already successful trade with maximum profit? The RSI indicator will help here, but not for its direct purpose... To do this, we draw a trend line on the chart and the same one on the RSI indicator. An example of entering a trade is shown, and you can see the difference between the trend line on the chart and on the RSI. The signal from the RSI about the end of the movement comes much earlier!
Everyone has probably encountered an indicator like MACD. Watched tutorial videos, read articles. In short, everyone who uses this indicator has their own strategy; I have one too, and it's quite complex. But generally, for any trader not trading based on a strategy with the MACD indicator, it will be useful to use it when trading futures in the following way: 1. on the 1-minute timeframe, never go short when it is red. 2. on the 1-minute timeframe, never go long when it is green. These 2 simple rules have saved me a ton of money. Share your thoughts on your strategy or rules with this indicator; I would be curious to hear...
#Doge one of my favorite coins for futures trading right now. It can be said: "If growth, then passive; if rest, then active." Decoding... High volatility (large candles) on low timeframes brings you back to the starting point. Smooth growth/fall, on the other hand, indicates the strength of movement. Two indicators like MACD and RSI will help you make money in the moment. Do not ignore stop losses or set isolated margin. Leverage no more than 20x. Currently, #doge shows stable growth, but while waiting for large candles, I often trade against the price movement. 😁
I hope everyone remembers such an interesting game as Hamstercombat, which then listed coin #HMSTR . Many were paying attention to how little they received from those tokens. But in fact, one should focus not on that, but on the rules of the game... After all, what were you doing there? Buying cards, leveling them up, and they, in turn, gave you passive income. And that's what everyone should have learned. How many traders on the exchange have such cards that provide passive income? I'm talking about tokens on the spot now... Yes, yes. Futures are deposits in the tapping of that hamster, essentially accelerating growth in the moment. Don't make such mistakes. Trading futures with isolated margin and with money obtained from spot... Good trading to everyone.