$VELODROME 👈 Go and buy long I know it about to go on a bul | Legendary_meme on Binance Square

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$VELODROME 👈 Go and buy longI know it about to go on a bull run 

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The largest heists in cryptocurrencies 👀 On February 21st 2025, approximately $1.46 billion 💸 in cryptoassets were stolen from Bybit, a Dubai-based exchange. Initial reports suggest that malware was used to trick the exchange into approving transactions that sent the funds to the thief.

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Spot trading on Binance involves buying and selling cryptocurrencies directly at current market prices. Here's a general guide and a strategy to use charts effectively for writing (analyzing) and earning in Binance spot trading: --- Key Steps for Spot Trading on Binance: 1. Select a Trading Pair: For example, BTC/USDT or ETH/USDT. Ensure the pair has good liquidity. 2. Analyze the Chart: Use Binance's charting tools to study price movements and trends. Key components: Candlestick Charts: Show open, high, low, and close prices. Volume: Indicates the strength of a price movement. 3. Choose Indicators: Common indicators for spot trading: Moving Averages (MA): Show average prices over a period to identify trends. Relative Strength Index (RSI): Identifies overbought/oversold conditions. MACD: Helps spot trend reversals and momentum. 4. Plan Your Trade: Define entry points (buy when the price is low or at support levels). Define exit points (sell at resistance levels or target profit zones). Set stop-loss levels to minimize risks. 5. Monitor Market Conditions: Keep an eye on news, updates, and market sentiment. Use Binance's "Order Book" to see buy/sell activity. --- Example Chart Setup: Timeframe: 1 Hour (Short-term) or 1 Day (Long-term). Indicators: 50-Day and 200-Day Moving Averages. RSI with overbought (>70) and oversold (<30) zones. Support/Resistance Levels. --- How to Earn: 1. Buy Low, Sell High: Enter when the price touches a support level and sell when it nears resistance. 2. Dollar-Cost Averaging (DCA): Buy small amounts periodically to reduce the risk of bad timing. 3. Scalping: Take advantage of small price movements by executing multiple trades. 4. Swing Trading: Hold positions for a few days to capitalize on larger price swings. --- Would you like me to generate a sample trading chart or guide you in setting up one? $BNB $BTC

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