Been analysing the chart for a few hours and here's what I'v

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Crypto_Sophia

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Been analysing the chart for a few hours and here's what I've come up with💥:

Been analysing the chart for a few hours and here's what I've come up with💥:

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A Simple Guide to Recent Bitcoin Layer 1 Protocols: Ordinals, BRC-20, Atomicals, and Runes

8 hours ago, 3 Whales jointly deposited 157.2K ($14.7M) to #binance. Subsequently, the price of dropped from $118 to the local dip of $86, a 27% decrease. 'Short' signal?

Why are cryptocurrency trading systems recommended to be straightforward? Many traders tend to overcomplicate their trading systems, thinking that adding more conditions will enhance precision and boost their success rate. But the reality is that the most effective trading systems are elegantly simple, to the point where they require minimal overthinking. This simplicity helps eliminate the influence of subjective factors and ensures that every trade is executed strictly according to predefined rules, leading to profitability. With too many factors to consider, it becomes difficult to establish a consistent trading pattern. What happens if one of the entry conditions is not met? Could it be that market conditions satisfying all criteria don't even exist? Such complex trading systems lack resilience and are prone to collapsing with even minor deviations. Complex trading systems face two significant issues: unclear criteria that make execution challenging and a lack of resilience. In trading, there is no surefire way to predict future market conditions; it involves a lot of trial and error. The core of a trading system is not just risk management but profit management. As long as the risk is manageable and there's a slight probability advantage, such signals are worth experimenting with. Those who can effectively implement simple strategies typically possess a deeper understanding of trading. Adding conditions may be easy, but letting go of them is much more challenging. A straightforward strategy, provided it aligns with the essence of trading and offers a slight probability advantage, can better navigate market uncertainty, making it more likely to shine in the future. This is why simplicity is key in trading systems.

The Six Crypto Trading Principles 1. Before You Begin - Learn Before embarking on your trading journey, learning forms the foundation. Master financial market knowledge, understand various trading strategies, technical analysis, and risk management to build a solid groundwork for success. 2. Before You Enter - Plan Each trade requires a clear plan. Outline your trading objectives, risk management strategies, and entry/exit plans to help you stay disciplined and avoid impulsive trading. 3. Before You Profit - Accept Risk Understanding risk is a part of trading. Before reaping profits, you must be prepared to handle potential losses. Wise risk management can safeguard your capital. 4. Before You Exit - Experiment Don't rush to exit. Experiment with different methods and strategies in practice to find what works best for you, enhancing your trading success rate. 5. Before You Win - Execute With a well-defined plan in place, execute decisively. Avoid hesitation, as markets can change rapidly. Execution is the key to success. 6. Before You Enjoy - Be Patient Trading requires patience. You may encounter setbacks and challenges before reaping the rewards of your trades. Patience is a prerequisite for achieving success.

A smartmoney bought 312,901 ($3.81M) at an average price of $12.17 in the past 8 hours. This smart money has previously traded 10 tokens with a total profit of more than $3.9M. Made ~$2.15M on $RLB and ~$1.8M on $FLEX.

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