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Muhammad Faisal
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Good Morning friends. Let's start the day with a profit making trade just like we ended the day yesterday. SKALE (SKL) is destined to go down today about 20% as per our analysis. SHORT SKL/USDT Entry: 0.05800 - 0.06000 Stop Loss according to your wallet 🙏 #SignalAlert #dailygainers #btctoday

Good Morning friends.

Let's start the day with a profit making trade just like we ended the day yesterday.

SKALE (SKL) is destined to go down today about 20% as per our analysis.

SHORT SKL/USDT

Entry: 0.05800 - 0.06000

Stop Loss according to your wallet 🙏

#SignalAlert #dailygainers #btctoday

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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Muhammad Faisal
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#UnderstandingBinance Confused about No. of Grids? Let's take your confusion out by understanding the technicality behind No. of Grids. While placing any Future trade using Future Grids bot, you have to set 4 parameters according to your budget. One of the parameters is "No. of Grids" while other 3 are "Range", "Leverage" and "Amount of USDT". Many people find it quite confusing what is the optimal value for Grids parameter. Whether we should go for maximum No. of Grids or should we resort to minimum number ? Friends, let me explain this for you in a very easy manner. First of all, make sure to turn the "chart" ON for the coin on tab/screen where you set the parameters. By turning the chart ON for you will give you a visual idea of how quickly or slowly your trades will be completed during the course of your Long, Short or Neutral position. I have done it for you in the attached picture. The lines showing in the picture show the price where your trading bot will pick up a trade. The closer the lines the more quicker your bot will pick up the trades. The wider the lines the more slowly your bot will pick up the trades. But this does not just end here. Picking up a trade is only one part of the position, completing the trade is the second and crucial part of the trade because this is where your realized PnL is decided. To elaborate further for your understanding, please note that every trade has to have two legs: Buy leg 🦵 Sell leg 🦵 (the above two terms are totally my own and I use them frequently whenever someone asks me to teach him/her. you can name them differently) If a coin moves up, the trading bot is picking up the "Sell leg" for you. If the coin goes down after picking up the leg above, this will let the trading bot to pick up the second leg which I call "Buy leg". When the trading bot has picked up both legs, the trade is called "Matched Trade" and the resultant profit is added to your PnL amount. If a coin keeps on moving in one direction such that it only keeps picking up one leg, the trades will not be matched. PnL will be negative.
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How to do 10 trades at a time with a budget of only 100 USDT ? Let me explain this for you. Many people entering the crypto market think that 100 USDT budget is quite small to earn anything. That's a fallacy. If you manage those 100 USDT with proper analysis and calculations, you can at least generate 10 USDT in one day (not daily, because you win a few days and you lose a couple of days). To achieve this target, you have to be disciplined as well as patient. Now coming back to the point, let's see how can 10 trades be run with a budget as small as 100 USDT. > Range: Before defining the lower and upper price of the coin in which you are going to put your money, you must decide which direction you think the coin will go from here. For long position, your upper limit should not be too high from the current price. For short, your lower limit should not be low from current price. For neutral position, you can set both limits such that the current price is perfectly between both limits but take this position only if a coin is moving sideways and there are no signs of pump or dump. > No. of Grids and Leverage: This is very critical because it plays a major role in how much USDT will you need to put in this trade. You can arbitrarily choose various Grids combinations with Leverage to see which combination fits your needs better. For example, let's say you choose 20 number of Grids initially with 50x leverage after defining the Range as described above. However you see that this combination requires a minimum of 20 USDT but you want to put only 10 USDT in this trade. So you can try different combinations and see which combination suits you the best. Pro Tip: Keeping your leverage at the lowest rate possible will help you avoid liquidation in case the market swings heavily in opposite direction. By following above points, it is 100% possible to do 10 trades at a time with a budget of only 100 USDT. Thank you for reading this message. I hope you will benefit from this post in the days ahead. #Aevo #TrendingTopic #WIF #BTC #Launchpool
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I always like to share what I go through in actual. People sometimes come up here with a made up story just for the sake of likes and follows but they do not share their key to success or reason to failure. This is really absurd, and dangerous too because this leads to highly irrational decisions. For example, people like to share their profits here on Binance Square but do not talk about losses incurred. This leads to an unhealthy perception among new traders. They believe that trading is always a win-win game but the reality is totally different. So, my request to all the influencers is that do not always show only one side of the coin to your audience. #TrendingTopic #Aevo #BTC #Launchpool
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People with low leverage between 3x-8x has survived yesterday's market crash and their wallets have turned green today once BTC geared up. Really sorry for the people with very high leverage. This is what we call rational behaviour. #Aevo #WIF #BTC #Launchpool
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Pump and Dump are part of the game. The best way to fare through a tumultuous market like cryptocurrency is the risk management. Always remember the following points. 1. Do not invest more than what you can afford to lose in case the market becomes highly volatile. 2. Do not overleverage. Always try to not avail more than 5x leverage. 3. Make sure you take positions where minimum number of grids maximise your benefits. #BTC #WIF $BTC $WIF
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