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Hahahahahaha #XRP top loser coin.
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Ever noticed the word "Option" in your Binance future tab, What are they? Option is simply a way of trading but done differently from normal trading. Call option: When you buy a call option, you're buying the right to purchase a specific security at a locked-in price (the "strike price") sometime in the future. If the price of that security rises, you can make a profit by buying it at the agreed price and reselling it on the open market at the higher market price. Put option: When you buy a put option, you're buying the right to sell someone a specific security at a locked-in strike price sometime in the future. If the price of that security falls, you can make a profit by buying it on the open market at the lower price and then exercising your put option at the higher strike price. (Put options can also be used to hedge investments that you already own. You hope the investment will increase in value, but if it loses money instead, you can always sell it for the strike price specified in the option.) Current Calls vs Puts are: Calls: 224,045.39 BTC Puts:122,887.88 BTC Data from Deribit shows that approximately 23,481 Bitcoin contracts, with a nominal value of $2.29 billion, will expire today. The put/call ratio for Bitcoin options stands at 1.11, signaling a bearish sentiment. The max pain point, or the price level where the most options will expire worthless, is at $97,000. 👑 #N4G 🎲
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You should never under estimate the power of a liquidation map, it's like looking into a future ball 🔮 👑 #N4G 🎲
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There is a major drop coming this next 7-10 days max. some 15-30% will be cut off the market. I'll let you know when my sonars are going off 🎧🎧 Stay tuned. 👑 #N4G 🎲
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Risk Managment. One of the most important factors in making money in Crypto and avoiding devastating losses and taking rational decisions, is Risk Managment. The sooner you realize this, the faster you will gain steady money and avoid huge losses or drama related to when to sell and when to buy. Yes, the market are open 24 hours a day, but if you trade 24 hours a day you will loose eventually. You have to understand that the market has windows where you can enter and exit safely and make money, you can only identify those windows by only calculating your risk. How? - Set specific goals, specific entries, specific Take profits, stick by them, don't be sad if you miss an entry or the asset surpass your Take profit level. - Accept the fact that no asset rise definitely or plummet forever, there will be a turning point, and the best you can do is to try and identify or even guess when. - Never buy an asset in a premium zone "Over bought zone" on High time frames, you are simply paying the bill for others who entered earlier. - Don't buy assets with large total supply, do you like to own a Ferrari or a Hyundai? -Read. Read a lot of news, try to enhance your brains filter, to be able to filter the fake news, the paid news, the sell the news topics, analyze, use your head. These are pretty much the basics, you will learn more as you make mistakes and keep trying. I'm here, ask me anything. 👑 #N4G 🎲
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