I have not succeeded in recovering the losses due to being forced to close positions in futures (OCEAN) due to the merger process of FET, AGIX and OCEAN into ASI.
And related to that, I have written that #Binance must protect its users from such developer actions and I also suspect that there will be a possibility that such developer actions will spread to other developers if the exchange continues to facilitate them. (read here)
And sure enough, Binance announced that they would support the rebranding process of GALXE (GAL) to Gravity (G). And again, users are forced to close future positions that have already been opened without taking into account potential losses. (read here)
And, I wrote again that this process would be detrimental and guessed that this kind of action would become even more contagious and crazy. (read here)
My guess is correct. It won't take long for RNDR to be rebranded to RENDER and all future positions are recommended to be closed or forced to close at the specified time. (read here)
This is crazy and users should speak up so that Binance stops supporting this process until they find a way so that whatever process the developer wants to do doesn't harm Binance users.
If we as users experience losses due to the market process then that is normal. That is our risk in the market.
Or if Binance delists a pair for reasons such as low trading volume then that is understandable, because it is for the good of the user.
However, if Binance delists the pair due to developer actions, Binance must think about the potential losses that users could experience.
If Binance actually supports the actions of this developer then this will definitely spread and frankly I am very afraid of opening a position in the future market.
Imagine, you open a position with a certain trading plan. Then suddenly when your position is experiencing negative PNL (not yet touching SL) you receive news that the position must be closed or will be forced to close.
And what's crazy is that this happened within a short period of time, less than a month. Imagine if you were unlucky enough to get a position at OCEAN, AGIX, GAL, and RNDR during this process. How much did you lose? You can lose your entire balance without ever experiencing a failed trade. Even if you only have one of them, you won't necessarily be able to recover your losses immediately.
Notes :
I spoke to the Binance support team and got a good response. They promised to convey this issue to the relevant technical team. I have been with Binance for a long time and believe they have enough expertise and certainly the intention to protect their users. Users must be made comfortable without having to worry that their positions could be closed/advised to close at any time due to third party actions. But of course the more people talking about this issue the better. If you read this please share.
#CPI_BTC_Watch
#DelistingNotice #BTC_Bounce_Back_to_57k

We are in the crypto world because we believe this industry is the future. We choose Binance as a place to trade because we believe they will do what is best for their customers.
However, several events in the crypto world have caused huge losses caused by irresponsible developer behavior.
We believe the exchange is trying to get better, that's why we are all still here. However, it seems that this is not enough. There are still actions by developers that harm consumers which are not resolved fairly.
Remember the LUNA case. Incompetent and evil developers have harmed so many people. Not only for LUNA holders but also for everyone in the industry because the LUNA case caused a massive price collapse.
Now there is an event (I won't call it a case) of merging 3 AI tokens, namely FET, OCEAN, and AGIX.
On June 14, 2024, #Binance made an announcement that they will support the merger process of Fetch.ai (FET), Ocean Protocol (OCEAN) and SingularityNET (AGIX).
You can read more detail at the following link: FET, OCEAN, AGIX merge
In summary, the contents are:
OCEAN and AGIX tokens will assume the ticker of FET at Binance.All OCEAN and AGIX tokens will be swapped to FET at a ratio of:
1 OCEAN = 0.433226 FET;
1 AGIX = 0.433350 FET.
For users who hold the delisted tokens on spot, it seems certain that they will be converted.
However, for the future market, considering that users do not hold assets directly, the question arises whether the losses incurred as a result of the developer's actions will be replaced or not?
Should, if we want to be fair, for future positions opened before June 14th all losses incurred should be reimbursed. Who is charged with compensating for the loss? In my opinion, it is the developer's side, whether with tokens or other mechanisms.
This situation is getting worse because the merger process occurs at a time when the market is experiencing a correction.
$BTC experienced a correction of around 12% from June 14 to June 25 (when automatic settlement was carried out).

Although not always, a drop in BTC will be followed by a drop in prices for most altcoins.
So, this merge action was carried out at the wrong time. When most people were panicking because of the uncertain market situation, an announcement suddenly appeared that made the situation worse.
Therefore, this incident proves that users are always at the most vulnerable.
Just imagine, currently AI is one of the most popular narratives on the market so AI-related tokens have a large trading volume. Most people are bullish on AI related coins, including FET, AGIX and OCEAN. Not only holding it in the spot but also opening a position in the future market. Then suddenly they were asked to force it to close when they were getting a negative PNL.
So, it should be a lesson for exchanges (all exchanges) to have rules regarding developer actions regarding their tokens listed on exchanges.
Meanwhile, for incidents that have occurred, the exchange should force developers to compensate all losses experienced by users in all markets.
If not, can we guess what will happen if $OP , $ARB , and Matic decide to merge to form the SUPERL2 token?



#DelistingNotice

The current price is around $0.0274, which is approaching the supply zone near $0.028 - $0.029.
There has been a recent bullish move as shown by CHoCH, indicating that buyers are gaining strength.
This chart shows that the price is testing a major resistance level, and the outcome at this level could determine the next big move.
A break above this supply zone will see VET turn Bullish and may lead to further upward movement towards higher resistance levels.
Action plan:
Entry: Consider entering a long position if the price closes above the supply zone ($0.028 - $0.029) with strong bullish momentum.
Stop Loss: Place a stop loss below a key support level, such as $0.0246 or $0.0238, to limit potential losses.
Target: Set an initial profit target at the next resistance level around $0.033 - $0.035. Adjust targets based on price action and momentum.
Additional risk factor: lately there are a lot of actions from developers such as mergers and rebranding of tokens which makes futures trading even more scary because at any time you can receive an announcement from Binance that your position must be closed forcibly because the pair you are trading will be delisted no matter what. (read more about the rebranding craze at this link)
$VET

#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #VET

The merger process of $FET , AGIX and OCEAN into ASI has not yet been completed, which has harmed many people, today we received information that Galxe (GAL) will be rebranding become Gravity (G). read here.
During the merger process of the 3 AI tokens, I had a position in Future for OCEAN and it was forced to close with a loss.
Until now, I don't know whether traders who experience losses in the Future market will receive compensation or only those who have assets in spot will be converted according to a predetermined exchange rate.
For this reason, I then wrote that the exchange should protect investors/traders from the actions of developers.
When dev plan to take a certain action, I'm sure it's because they see potential profits. And investors/traders should not have to bear the costs of that action.
Even if an action must be taken then any form of compensation must be something they are obliged to do before the exchange decides to facilitate the process.
Just imagine, today you open a position in Perpetual Future with a certain trading plan. Then suddenly you get a notification that the pair you are trading will be delisted because the dev will take an action so you have to close it no matter whether you are making a profit or a loss.
It's very fortunate that I don't have a position in GAL perpetual. If I had it then I would experience 2x losses in less than a month.
I'm afraid, if this precedent doesn't get attention, then I'm afraid tomorrow we will hear again that dev coin A will be rebranding, dev coin B will be renaming, dev coin C blah blah blah you name it
Frankly, I'm afraid to open a position in perpetual futures.
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7

Don't know if sharing this will make me look stupid or what, but it's true that even though I've been in crypto since 2017 there is one thing I've never managed to learn, namely when is the right time to get out of the market.
I use the DCA strategy, within a certain range. For BTC order 1 to the last order up to 33% for alt most of the time I divided orders in the 66% range.
Actually, it is very conservative, but still, the timeliness of determining the first order point is very influential.
And today, in a very bad market situation which they said was caused by the Mt Gox repayment issue, the average price of each coin I hold is as follows:
BTC = 65458.71 (-13.88%)
ETH = 3 596.80 (-(16.84%)
SOL = 148.55 (-10.11%)
PYTH = 0.3246 (-17.12%)
LINK = 14,589 (-15.83%)
TAO = 313.4 (-20.48%)
POLYX = 0.4011 (-46.16%)
API3 = 2,749 (-40.85%)
MANTA = 1,285 (-41.58%)
RDNT = 0.1531 (-42.65%
BNB = 611.7 (-19.26%)
FET = 1.514 (-21.29%)
Not all orders have been filled yet. However, even though this is actually still in line with the trading plan and I am ready to face further declines, I really hope the market rebounds and I can close some positions in profit.
Of all the coins I own, $SOL seems to bounce pretty well. Meanwhile BTC.D seems to have been rejected on TF 4H. Hopefully if BTC bounces we will see alts bounce faster.

#SOL #MtGoxJulyRepayments

When I heard the news that Mantra was partnering with a Real estate giant from the United Arab Emirates I checked the OM chart to see if I could open a Long position.
but basically I heard the news a bit late so what I saw was really scary LOL.
It seems that the LONGers were beaten very quickly.
But this coin is interesting, with RWA's narrative being prominent in 2024 (apart from AI). I always take the time to monitor its movements.

If the price moves closer to 0.5 then I will add OM to the watchlist.
$OM


#Mantra(om) #RWACrypto #RWATokenization #Omusdt

Render Network (RNDR) has gained significant traction following its mention by Apple. During Apple's Worldwide Developers Conference (WWDC) in 2024, the company showcased the Octane X 3D rendering software, which is powered by the Render Network, on the new iPad Pro. This integration allows users to leverage decentralized GPU power for advanced CGI capabilities directly from their devices.
Apple's endorsement has validated Render Network's technology and highlighted its potential for broader adoption in digital content creation. The announcement led to a notable increase in RNDR's token value, reflecting growing investor confidence and market enthusiasm.
GLM (Golem Network Token) has the potential for adoption similar to RNDR, although it faces different challenges and opportunities.
Both RNDR and GLM actually have similarities, although there are slight differences in service focus. While RNDR focuses on GPU-based rendering, Golem offers a broader range of computational tasks. This versatility can be an advantage if effectively marketed to the right audiences.
RNDR price action

The price is currently hovering around the 0.618 Fibonacci retracement level, suggesting a potential support zone.
The 0.705 ($6.40871) and 0.786 ($5.555132) levels serve as further potential support zones if the price continues to decline.
If the price holds above the 0.618 Fibonacci level ($7.325516), it may attempt to test higher resistance levels at $8.569 and $9.812484.
Although I hope that the price will immediately bounce from Fibo 0.618, I am wary of the Fair Value Gap (Green box) which was formed on February 12, 2024.
If price action shows a potential reversal at Fibo 0.618, maybe I will enter but with a small amount in anticipation of price filling the Fair Value Gap which is close to Fibo 0.786.
GLM price action

The price is heading towards the 0.786 Fibonacci level, which indicates a strong support zone where the price may consolidate or reverse.
This area coincides with the Fair Value Gap which was formed on February 19, 2024.
If the price holds above the 0.786 Fibonacci level and the support zone (Fair Value Gap area), a potential reversal might occur.
The first targets would be the 0.705 and 0.618 levels. A break above these levels would indicate a potential move towards the 0.5 and 0.382 Fibonacci levels.
But this is weekly price action, it will probably take some time to see what will happen in this area in the next few weeks.
Additionally, this is a very wide support area, around more than 28%. So, for example, if there is an opportunity to enter, it is a good idea to divide the order into several parts as anticipation.
$RNDR
$GLM
#RNDR📉 #GLMUSDT #MtGoxJulyRepayments #US_Job_Market_Slowdown

When we read people's posts about how to buy good altcoins, "do your own research" is always in their posts.
But after being in the crypto world for so long I wonder what exactly should we research? Fundamentals? LOL
We feel we have found tokens with good fundamentals and then decide to buy them, but instead of going up, the price actually goes down.
Meanwhile, meme coins (like $PEPE ) which are said to have no function whatsoever often experience crazy increases.
But I always apply "Do Your Own Research" until I find that my AEVO and PYTH are getting redder.
$AEVO in the last 2 days has shown signs of improvement but not for $PYTH
Not planning to buy more but not to sell either. I'm just waiting (or dreaming?)


#US_Inflation_Easing_Alert #CPIAlert #AEVO #PYTHUSDT📈

Binance, one of the world's leading cryptocurrency exchanges, has revolutionized the trading landscape with its innovative copy trading feature. This tool caters to both novice and seasoned traders by offering a seamless way to mimic the trades of experienced and successful traders.
Overview of Binance Copy Trading
Here's a detailed overview of Binance's copy trading features:
Availability
Binance has Futures Copy Trading and Spot Copy Trading.
Purpose:
Ease of Use: Binance copy trading is designed to simplify trading for beginners and those who prefer a more hands-off approach.Learning Opportunity: It provides an educational platform where users can learn effective trading strategies by observing professionals in action.
Key Features:
Selection of Traders:
Performance Metrics: Users can evaluate traders based on profit rates, success rates, and risk levels.Trader Profiles: Each trader's profile includes historical performance data, strategy descriptions, and follower counts.

Automatic Copying:
Real-Time Execution: Trades made by the selected trader are automatically replicated in the user's account.Proportional Allocation: Investments are proportionally matched to the user's allocated funds.
Customization and Control:
Flexible Investment: Users can choose how much of their portfolio to allocate to copy trading.Stop Loss/Take Profit Settings: Personalize risk management by setting specific parameters to protect investments.

Transparency:
Detailed Reports: Access comprehensive trading reports and performance analytics. Risk Indicators: Understand the potential risks associated with each trader's strategy through clear indicators.
User Experience:
Easy Interface: A user-friendly platform that simplifies selecting and following traders. Mobile Access: Full functionality is available on mobile apps, allowing trading on-the-go.
Analysis of the Profitability of Copy Trading in Binance
Copy trading on Binance offers a unique blend of opportunities and challenges. Let's delve into the profitability aspect and what to expect and what to pay attention to.
What to expect:
Passive Income Potential: One of the most enticing aspects of copy trading is the potential to earn profits without actively engaging in the market. By following successful traders, users can capitalize on their expertise and market insights.Diversification: Copy trading allows users to diversify their investments across multiple traders with varying strategies. This diversification can mitigate risks and enhance the potential for steady returns.Learning Opportunity: Observing the trades and strategies of seasoned traders can be highly educational. It provides insights into market trends, risk management, and trading techniques, which can be invaluable for personal growth as a trader.Time-Saving: For those with limited time to dedicate to trading, copy trading offers a practical solution. It automates the trading process, freeing up time for other pursuits while still participating in the cryptocurrency market.
What to pay attention to:
Risk of Loss: While copy trading can be profitable, it is not without risks. The success of copy trading hinges on the performance of the selected traders. If they incur losses, so will the users copy them.Fees: Lead trader may charge fees for copying their trades. These fees can eat into profits and should be considered when evaluating the overall profitability.Over-Reliance: Relying too heavily on copy trading can hinder the development of personal trading skills. It is essential to strike a balance between learning from others and making independent trading decisions.Performance Variability: The past performance of a trader is not always indicative of future results. Market conditions can change rapidly, and even the best traders can experience periods of underperformance.
Real-World Examples and Practical Guidance
Example 1: Diversification and Risk Management
Anna, a novice trader, decided to use Binance's copy trading feature to start her cryptocurrency journey. She selected three different traders based on their performance metrics and diversified her investment across them. Trader A is focused on high-risk, high-reward trades, Trader B is specialized in steady, low-risk strategies, and Trader C has a balanced approach.
Outcome: Over six months, Anna observed that while Trader A had occasional significant gains, the losses were also substantial. Trader B provided consistent but modest returns, and Trader C balanced gains and losses effectively. By diversifying her investments, Anna managed to achieve a stable overall return while minimizing the impact of any single trader's poor performance.
Practical Guidance: Diversify your investments across multiple traders with different strategies. This approach can help balance risks and rewards, providing more stable returns over time.
Example 2: Learning from Successful Traders
John, a mid-level trader, used Binance's copy trading feature to learn advanced trading techniques. He selected a top-performing trader known for using technical analysis and observed their trading patterns, entry and exit points, and risk management strategies.
Outcome: By closely monitoring the trader's actions, John gained valuable insights into technical analysis and market trends. He gradually applied these techniques to his own trades, enhancing his trading skills and confidence.
Practical Guidance: Use copy trading as an educational tool. Study the strategies of successful traders to improve your own trading knowledge and skills. This can be especially beneficial for those looking to transition from passive to active trading.
Example 3: Managing Expectations and Adjustments
Sarah started copy trading with high expectations of quick profits. She allocated a significant portion of her portfolio to a trader with an impressive track record. However, market conditions changed, and the trader's performance declined, resulting in losses for Sarah.
Outcome: Sarah realized the importance of setting realistic expectations and regularly monitoring trader performance. She adjusted her strategy by reducing her allocation to the underperforming traders and diversifying across other traders with different strategies.
Practical Guidance: Set realistic profit targets and be prepared for both gains and losses. Regularly review the performance of the traders you are copying and make adjustments as needed to protect your investments.
Tips for New Traders
Do Your Research: Before selecting a trader to copy, thoroughly research their performance history, strategy, and risk profile. Choose traders whose strategies align with your investment goals and risk tolerance.Start Small: Start with a small investment to test the waters. As you gain confidence and observe positive results, you can gradually increase your allocation.Start with the spot copytrading: Compared to the Future market, the Spot market provides less profit potential and also does not provide an opportunity to open a Short position. However, the spot market is relatively much safer than the Future market because you are not threatened with potential liquidation and are also not affected by the Funding Rate.Diversify: Avoid putting all your eggs in one basket. Diversify your investments by following multiple traders with different strategies to spread risk. However, don't copy too many Lead Traders and pay attention to the trading risk/size settings according to the number of Lead Traders you copy. For example, if you copy 3 traders then you should set the size to 1/3 of what each trader suggests.Monitor Regularly: Keep an eye on the performance of the traders you are copying. Be prepared to make adjustments if their performance declines or market conditions change.Learn Continuously: Use copy trading as an educational tool. Study the trades and strategies of successful traders to improve your own trading skills over time.Set Realistic Expectations: Understand that no trader is infallible, and losses are part of trading. Set realistic profit targets and be prepared for both gains and losses.
By carefully selecting traders to copy, staying informed, and continuously learning, new traders can harness the power of Binance copy trading to enhance their trading journey and achieve potentially profitable outcomes. More complete information regarding Binance copytrading features
#IntroToCopytrading
#US_Inflation_Easing_Alert
#BinanceTournament

#Manta has experienced a decline of more than 70% since printing ATH.
Now the price is at Fibo 0.786 and seems to be holding up quite well.
I know opening a buy position when selling pressure is still high is like catching a falling knife.
However, with the potential approval of an $ETH ETF by the SEC in the near future, Ethereum-based layer 2 projects will also likely get sufficient liquidity.
So, for example, if you believe that this project has a future, even if the purchase price at this point does not work out well, this is not a bad price for accumulation.
However, if you only want to trade for the short or medium term then this also has a good risk to reward ratio.
Let's say you place SL below Fibo 0.786, namely 0.7 while the profit target is at 2.4, then your risk and reward ratio is 8 to 1.
$MANTA
#ETHETFsApproved #CryptoPCEWatch #MtGoxJulyRepayments

On May 20, 2024 Ethereum rose very significantly by around 20%. This is related to the positive progress of the ETF's approval by the SEC, although it has not yet been approved to start trading.
If we look at the price action in the Daily TF after the pump on May 20, it can be seen that ETH experienced a decline. But it's clear this wasn't an impulsive drop but more like a healthy correction.
On May 24, ETH rebounded quite well at Fibo 0.618. This is a positive sign that this coin will start to continue its rise again.
The supporting reason is the possibility that the SEC will approve Ethereum ETF trading on July 4 as reported by Reuter.
The closest target is FVG which was formed on June 7 2024. If there is rejection here a lower high will be formed but if it is successful in breaking it then we can hope that ETH will test the price of 4000 dollars.
$ETH
#CryptoPCEWatch #MtGoxJulyRepayments #BTCFOMCWatch #EtheruemETF #ETHETFsApproved