Tenham todos uma sexta-feira abençoada ❤️ | CRYPTO MECHANIC na Binance Square

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CRYPTO MECHANIC

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Tenham todos uma sexta-feira abençoada ❤️

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Positive 0.07 funding rate on Reef, looks like many futures traders tried to catch that big red candle to play a bounce on it and it continues to drop. It's the same as catching a falling knife tbh.

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STOP focusing on 15 minutes or 1 hr charts to check what your coins are doing you will get nothing but will be more scared. Zoom out on the daily chart and you will see Most of the Altcoins are just consolidating /ranging after a good move up. i said it yesterday when $BTC Moves Alts usually get a hit. You only get scared when you chase something without a plan but still Instead of being scared on the market pay attention to the high timeframe structure. If you're bullish and the structure is still bullish then you do not have to be worried. If you're in cash small timeframe Pullbacks are opportunities when High timeframes are bullish. Don't be scared, Zoom out and relax.

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$ENA got rejected from that key resistance zone where i said it's a good spot to take some profits. Now that the price is dropping I think it should hold 0.34-0.36 zone if there is some more upside due in it.

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How much money do you think you should have to retire from what you are doing currently ?

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Why are 90% of traders unprofitable? They can make money and have good days. But then - they blow it all out on stupid trades And that cycle keeps repeating. This stems from a Flawed Mindset. You think that just because you are a "trader", you have to trade every day, stare at charts, find setups and make money at all times. And that's completely wrong. A trader must also know when to STOP looking for trades and when the market is NOT good. So what should you do? Start doing Nothing Strange, right? How do you make money doing nothing? Just as trading is about "making money", it's also about "protecting your hard-earned money". If you don't learn how to be defensive, the market will always take your earnings back. Stop trading after hitting a profitable trade. Stop trading when the markets are shitty. Stop trading when your edge is not presented. Stop trading when you meet your loss limit. If you simply stop trading at specific moments, you'll transcend your losing stage. Try it out, thank me later.

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