If you usually make money when prices "go up" on Binance SPOT, now that prices are "going down," you need to understand that you can still make money. How? Sell the asset, then buy it back at a lower price. The difference is your profit!
Can this be done in SPOT? YES, but only if you already have the asset you want to sell.
Very interesting, but if you don't have the asset (buying it is not an option because you know the price is trending down), then you can turn to Binance Futures (and if you don't have experience, it's recommended to go with NO LEVERAGE).
If you've never opened your special futures wallet on Binance, I recommend using the code LOCADEMIA for superpowers and commission discounts! (Link: www.binance.com/futures/ref/locademia)
The wallet is opened to keep the money (USDC or USDT) separate from your spot account. For now, only operate with these two stablecoins.
If it's your first time, make sure to set the trade to ISOLATED and with NO LEVERAGE, i.e., 1x.
If you need a hand, comment here with the details and I'll do my best to help you out.
