Technical Analysis Lesson | Risk Management (Stop Loss) | CRYPTO MECHANIC on Binance Square

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CRYPTO MECHANIC

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Technical Analysis Lesson | Risk Management (Stop Loss)

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The BNB Foundation has just concluded its 29th quarterly token burn where 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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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. 👇 Risk Management Article

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The US economy added only 12,000 jobs in October they were expecting it to be 106,000 (NFP Non-farm Payrolls) This could be the worst 'non-recession' #NFP report I've ever seen. Not sure if the US economy is getting this bad or it's because of elections.

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There are a few methods that you can use to manage your trading risk. I have discussed a few in this article you can learn. 👇🏻 Learn the Art of risk management

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