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📊 HUGE : Today lays the groundwork RWA regulation🏛️ The US 🇺🇸 Financial Services Committee, overseeing $20+ trillion in assets, will host their first hearing dedicated to the tokenization of real-world assets #RWA. $BTC
Binance offers a Copy Trading feature that allows users to automatically copy the trades of more experienced traders, making it easier for beginners to participate in the market. By using this feature, users can automatically execute the same trades as their chosen Lead Trader, without needing to constantly monitor the market.
As of May 2024, Binance Copy Trading is available for Spot and Futures markets in selected locations. These products can be particularly useful for novice traders who wish to learn from seasoned traders or for those who prefer a more hands-off approach to trading.
How Binance Copy Trading Works
1. Selection of traders
The first step in using Binance Copy Trading is to select a Lead Trader to copy. Binance provides a list of Lead Traders, each with a detailed profile that includes their trading performance, strategies, risk levels, and historical data. This information helps users make a more informed decision when choosing a trader to follow.
2. Automatic execution
Once a user has selected a Lead Trader to copy, all of the trader's future trades are automatically mirrored in the user's account. This includes opening and closing positions, as well as adjusting stop-loss and take-profit levels. The automation ensures that users can benefit from the trader's expertise without having to manually execute each trade themselves.
3. Control and flexibility
While Binance Copy Trading automates the trading process, users still retain control over their accounts. They can adjust their copy trading settings, such as the amount of capital they wish to allocate or the ability to stop copying a trader at any time. This flexibility allows users to manage their risk and investment according to their preferences. #Write2Earn! #CopyTradingDiscover
The altcoin market cap (TOTAL2) is continuing its upward movement as anticipated. We expect to see a push towards the resistance area and we'll observe how the price reacts there. A break above the resistance area could lead to a significant rally in altcoins.
Price trades within a triangle pattern, and we anticipate a breakout soon. As this is a no-trade zone, waiting for the triangle pattern to break before making the next move is best.
#BTC is now trading around 71.4k. Bitcoin is pumping after breaking out of the Triangle.Those who have opened long positions will be in good profits. Now the Possible scenario is According to the pattern, we may see more pumps in Bitcoin and the price may move towards the Ath. Stay tuned with us for further updates✔️ $BTC #Write2Earn!