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Please note that trading involves risks, and it is essential to exercise caution and start with a risk amount that you can afford to lose.

Step 1: Setting Up the Binance Futures Account on Your Smartphone

Download and install the Binance Futures mobile app from the official app store on your smartphone.

If you already have a Binance account, log in with your credentials. If not, create a new account and complete the verification process as required.

Step 2: Depositing Funds

Deposit $100 into your Binance account using the "Deposit" option and select USDT as the deposit currency.

Step 3: Understanding the 50 Moving Average Strategy

The 50 Moving Average (MA) is a commonly used technical indicator that helps traders identify trends and potential entry/exit points.

When the price of an asset (in this case, BTC/USDT) crosses above the 50 MA, it is considered a bullish signal, indicating a potential uptrend. Conversely, when the price crosses below the 50 MA, it is seen as a bearish signal, indicating a potential downtrend.

Step 4: Entering a Long (Buy) Trade

Open the Binance Futures app and select the BTC/USDT trading pair.

Choose the 1-hour time frame to analyze the price movements effectively.

Look for the BTC/USDT price to cross above the 50 MA on the 1-hour chart, confirming a bullish trend.

Once the bullish crossover occurs, enter the trade by selecting "Long" (Buy).

Specify the trade size (e.g., 10% of your account balance, i.e., $10).

Set a stop-loss level to limit potential losses if the trade goes against you. A conservative approach is placing the stop-loss just below the 50 MA or a recent support level.

Decide on a take-profit level, aiming for a profit of $10 per trade. You may want to place the take-profit level at a reasonable distance from your entry point to avoid getting stopped out too soon.

Step 5: Exiting the Long (Buy) Trade

Keep a close eye on the BTC/USDT price movement and monitor your trade's progress.

If the price reaches your predetermined take-profit level, the trade will automatically close, and you'll earn your target profit of $10.

If the price falls and hits your stop-loss level, the trade will close automatically, limiting your loss to the specified amount.

Step 6: Entering a Short (Sell) Trade

After completing a long trade, reset the analysis and look for the BTC/USDT price to cross below the 50 MA on the 1-hour chart, indicating a potential bearish trend.

Once the bearish crossover occurs, enter a short trade by selecting "Short" (Sell).

Specify the trade size (e.g., 10% of your account balance, i.e., $10).

Set a stop-loss level and take-profit level as per your risk management strategy, similar to the long trade.

Step 7: Exiting the Short (Sell) Trade

Monitor the price movement, and if it reaches your predetermined take-profit level, the trade will automatically close, securing your target profit of $10.

If the price rises and hits your stop-loss level, the trade will close automatically, limiting your loss to the specified amount.

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