If you do not manage your capital well, you will most likely encounter a situation like the guy in the picture. Success in this market is not only based on excellent analytical or thinking skills, but also on capital management and risk control. Do not try to "all-in" in the hope of getting rich quickly with too high leverage, because this will only bring you closer to the risk of burning your account.

If you have lost this much and then seek advice, in my opinion, instead of continuing to hold on to the loss, it is best to close the order and give yourself a new opportunity. Holding on to the loss without a stop-loss will only lead to your account gradually burning. If you are lucky enough not to burn today, then sooner or later that day will come.

Remember, success in trading does not come from luck, but from discipline and capital protection. If you cannot set your own Stoploss and protect your money. The market will do it for you

#Write2Win #BTC #MGSTRADING #2396324 #BULL-RUN

Right after Canary Capital filed with the SEC to launch a Litecoin spot ETF.

$LTC slightly increased in response to good news

This season, the old coin LTC has not performed really well, if not to say it is quite outdated and out of sync.

#Write2Win #cryptotrade #MGSTRADING #2396324 #LTC

$BTC
This coin actually has a capitalization of 1320 billion $ 😂
A blatant scam, sweeping both ends 🔥

#Write2Win #BTC☀ #Write2Win #2396324

$FET // Spot Signal 11
Fet is a hot AI token that has exploded at the beginning of this year. Are you all riding the AI trend?
Currently, the H4 chart of DET is gradually approaching the oversold level, and the RSI divergence is becoming increasingly evident. Additionally, on the D timeframe, Fet has also broken the downtrend.
Hoping that Fet will follow in the footsteps of WLD and TAO when the market recovers.
We will continue to wait for Fet to adjust a bit more.
Estimated Entry: 1.19 - 1.03 - 0.7
TP: 1.43 - 1.8 - 2.5 - 3.5
The Spot Signal from MGS includes both mid-term and long-term entry/TP. Consider volume when allocating capital
#MGSTRADING #BinanceTurns7 #FET❤️ #2396324

Although Mangosteen is a new project of ours, the team is always serious and responsible with each call. The market cannot always win, but we are here to help you minimize risk and maximize profits. Hope you will support Mangosteen more in the future <span

🚨 Mt. Gox Delays Debt Payments Again 🚨
Not much longer than 8-year-old Bride, the defunct cryptocurrency exchange Mt. Gox has pushed back its debt repayment deadline by another year, now set for October 31, 2025.

For those who don't know, the exchange, which once handled 70% of global Bitcoin transactions, collapsed in 2014, locking up funds from 127,000 users. Despite starting to distribute $9.4 billion in July, $2.8 billion is still stuck due to procedural glitches, with some customers even getting double 🤣

The failure to complete the repayment process early has created psychological pressure on the market. In times of election and ongoing war, such side information can also be the premise for a strong fluctuation

#MGSTRADING #News #Write2Win #2396324

BTC Weekly View Update (14-21/10)

BTC made an attempt to break through the resistance level of $63,600 late last week, but the selling pressure in this area was still too strong, pushing BTC price back down. Currently, this area is a strong resistance zone, making it difficult for BTC price to break out immediately.

Although BTC's long-term trend is still bullish, on the short-term time frame, we believe that BTC is likely to correct slightly to regain momentum before testing higher prices. The important support zone to note is $60,600 - $59,800, this may be where BTC will retest before having a chance to break the $63,600 level.

Trading strategy:

• For spot investors, this may be a good time to start buying at support zones. The market is in an accumulation phase, which can create good conditions for long-term positions.

For futures traders, we recommend being cautious in entering swing trade orders at the moment, as the short-term trend is unclear and there may be large fluctuations before the new trend is confirmed.

This is an analytical perspective from MGS Trading, hoping to help you have a reasonable trading plan. Remember to manage risks carefully and adjust your plan according to actual market developments.

#Write2Win #MGSTRADING #BTC #View #2396324

Don't forget the first FOMC meeting after Trump's victory!!!

Tonight, attention will be on the US Federal Open Market Committee (FOMC) meeting, where the Federal Reserve (FED) is expected to announce its interest rate decision. Most predictions are currently leaning towards the possibility that the FED will continue to cut interest rates by another 25 basis points.

This decision could affect the cryptocurrency market, especially Bitcoin (BTC). According to the general trend, when interest rates decrease, money flows tend to move into higher-risk assets, including cryptocurrencies. With low interest rates, returns from safe investment channels decrease, making BTC and other non-traditional assets more attractive to many investors.

However, BTC's price increase is not a certain rule, because Bitcoin's price is also affected by many other factors, especially after the election. While BTC is sucking up the liquidity of altcoins, pumping quite hard and not seeing a clear correction trend, we should still be cautious for a rekt to legitimize the price path of the old MMs
#BTC☀ #MGSTRADING #2396324

Bitcoin Dominance Hits Highest Level in Nearly 4 Years, Altcoins Suffocate After Consecutive Corrections .

On October 16, 2024, Bitcoin continued to consolidate its position in the cryptocurrency market when Bitcoin Dominance (BTC.D) reached 58.91%, the highest level in the past 3.5 years since April 2021. Bitcoin's strong growth put a lot of pressure on investors holding Altcoins, as many Altcoins not only fell sharply but also lost their position compared to Bitcoin  .

Bitcoin's market capitalization is currently around $1.32 trillion, up nearly 3% in just one day. In contrast, the ETH/BTC (Ethereum/Bitcoin) ratio fell to 0.039, its lowest since April 2021, indicating that Ethereum and many other altcoins are struggling to compete with Bitcoin's growth .

Part of the reason for Bitcoin's outperformance in 2024 is the large inflows from institutional investors, especially through Bitcoin ETFs. In the last 3 trading sessions, Spot BTC ETFs have attracted inflows of up to $1.18 billion, with funds from BlackRock and Fidelity playing a major role .

However, some analysts such as Benjamin Cowen predict that Bitcoin Dominance could peak at 60% this cycle before correcting, leaving the stage for Altcoins and Memecoins to explode . Maybe all holders are expecting an altcoin period, the past 6 months have been really tiring for all of us

#MGSTRADING #Write2Win #binance #2396324 #newsdaily

Update next week's news with Mangosteen #3
The market is extremely gloomy and depressed due to the prolonged decline in prices. Any big news at this time will have a huge impact on the market. Please pay attention to the news milestones below!
#MangosteenTrading #2396324 #CryptoNews

$HOOK
In every long-term uptrend, there are some short-term downtrends. Can you find the entry?
We are still taking it all 😍
#Write&Earn #MarketDownturn #HOOK/USDT #MGSTRADING #2396324

17-day View & Signal Futures

Day 1:

According to MGS Trading's analysis, we predict that Bitcoin (BTC) will undergo a slight correction before continuing its long-term uptrend. Recent market signs suggest that BTC has reached a temporary resistance level, and a short-term correction will help consolidate the next growth momentum.

Therefore, the short-term strategy recommended by MGS Trading is to open a short position in today's session to take advantage of this correction. After the correction is complete, we can continue to look at long opportunities following the main trend of BTC

Short $BTC
Entry 63333
TP/SL : 61000/64500

Short $SOL
Entry 146.888
TP/SL : 142/148.888

#Futures #SOLUSDT #BTC☀ #MGSTRADING #2396324

Sui continues ATH 🔥

As warned before, Sui is very strong at the moment, combined with the current market full of Fomo and dense Short liquidity. Sui will easily break the 2.1 barrier to reach the 2.4-2.6 zone

Hopefully, Sui Shorters have cut their losses in time as warned. The altcoin market has gone through a very long decline (6 months), don't try to stop the recovery wave. Follow the wave.

#Write2Win #MGSTRADING #2396324 #SUI🔥🔥🔥🔥

Spot Signal: $OP

Although the Layer 2 series has been under pressure and undervalued recently, OP has maintained its position thanks to its Optimistic Rollups technology. There are hardly any coins that can directly compete with OP in the Layer 2 series

Although the Layer 2 market is currently struggling, this could be a golden opportunity to accumulate OP at an attractive price. OP's fundamentals are still very strong, and with the continuous development of the Ethereum ecosystem, the demand for Layer 2 will explode in the coming time. Optimism has great potential to become a key platform for the expansion of the Ethereum network, and when the Layer 2 market regains momentum, OP is likely to record a significant increase.

Entry : 1.7-1.6-1.32
TP : 2-3.5-4.5
Absolute SL : 1.01

MGS Trading's Spot signals always achieve a win rate of over 75%. However, all signals are for reference only, please be responsible for your own money

#MGSTRADING #OP #SPOT #CryptoCurrurencyNews #2396324

Thailand is demonstrating a very smart strategy in developing the cryptocurrency market, not only domestically but also to compete regionally. With the government giving the green light to more friendly regulations, including tax incentives and a sandbox mechanism for blockchain businesses, Thailand is on the right track to becoming the digital asset hub of Southeast Asia. This brings many opportunities for domestic and foreign investors, as the clear legal system helps to minimize risks  .

More importantly, the government's promotion of blockchain in both public and private services demonstrates the country's strong commitment to the digital future. This is what makes Thailand stand out and has the potential to lead the cryptocurrency trend in the region .

Hopefully, in the near future, the Vietnamese government in general and Asia in particular will be more active and open to Crypto. So that we can truly be at the forefront of a new generation industry, instead of being associated with virtual currency, gambling as the previous generation perceived

#Crypto #MGSTRADING #News #TrendingInvestments #2396324