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📚 5 Essential Crypto Trading Tips for Beginners 🚀 Starting your crypto trading journey? Master these fundamentals to trade smarter: --- 1️⃣ Understand Support & Resistance Levels Support: Price level where buying pressure is strong enough to prevent further decline. Resistance: Price level where selling pressure halts upward movements. 🔍 Tip: Identify these zones on charts to predict price reversals! 2️⃣ Learn to Read Candlestick Charts 🕯️ Candlesticks provide key info: Green: Bullish (price up) Red: Bearish (price down) Watch for patterns like Doji (indecision) or Engulfing (trend reversal). --- 3️⃣ Risk Management is Key ✅ Never risk more than 2-3% of your capital per trade. ✅ Use Stop-Loss Orders to limit losses during unexpected moves. --- 4️⃣ Follow the Trend 📈 “The trend is your friend until it ends.” Use indicators like Moving Averages to spot upward or downward trends. --- 5️⃣ Start Small and Diversify 💰 Begin with small amounts and diversify your investments across multiple coins to reduce risks. 🔑 Rule: Don’t put all your eggs in one basket! --- 🔥 Pro Tip: Always combine technical analysis with market news. Remember, patience and consistency are your best friends as a new trader. ❓ Question: Which of these tips will you apply first? Let’s discuss in the comments! #LearnCrypto
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Yeah, and also we have the bullish flag on 4h chart, check my last post.
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Get ready to sell Bitcoin for 106 soon! Bullish flag on the chart. $BTC will fight against 105 resistance level in the next few hours! Set take profit for 103 if you are conservative trader.
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Just sell some part for 2.6-2.7 and wait for healthy correction. Why do you afraid of price drop? It is always an opportunity to sell on stop-loss and buy more coin, gaining more on earn when the coin grows again
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#2024withBinance this year I've discovered crypto for myself and registered in Binance. I've started with depositing only 20$ but now I can earn money but trading!
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