I’ll give u simple advice dont use high leverage not more than 5x (at most),stay with small profits and avoid losses,dont risk too much and close this position

$BTC price action and key levels to watch!

Currently BTC is in a slight uptrend with a surge of 0.04%.With A-Day high slightly above than a 100k while a low of 98.6k.The consolidation phase is still not over and we might see price wander in these levels for some time but not more than 3 days.It is preparing to make new ATH mad bull run is not over.We might see price surge towards new highs of 120-150k.

Currently support is around at 98,500 and break below it might lead price to 96k.While resistance is around 100,500 level which is day-high.Breakout above or below these key levels will attract more volume.Overall in bigger time frames market is still in uptrend and is still bullish ,just testing support levels and preparing
to make new highs .Use tight stop losses while doing trades and your first priority should be to keep your capital safe from liquidation.

Market analysis as of today!

Today market has been mixed .Where we have seen some huge growth in meme coins like ,$1MBABYDOGE $PEPE .large volume and big sellers have launched their prices to sky.

While$BTC ,ETH and other altcoins have seen downtrend.They are still in consolidation phase and currently preparing for another price surge.There will be market movements soon.

As its end of the week and prices have decreased due to lower volume of buyers.We might see a further dip in prices today but once consolidation is over we will see another bullish surge, targeting new highs.

Sometimes market can be unpredictable but you should watch the key levels very closely.

How to become profitable in trading as a beginner!

Most of the beginners in trading often fall into traps and loose their capital.They just don’t know how to become profitable doing trading,they often buy at high and sell at low and enter a trade without knowing the outcome of it.You should follow the following rules to become a profitable trader:-

—Research About Market :- Market research is fundamental rule of investing in a crypto.You should research about the market whether market is moving up or down and be aware about the global economic and political news as they impact all markets including crypto and forex.Growing tensions like wars impact crypto market significantly.

—Technical Analysis:- This is the basic principle of trading.You should analyse market activities and the coin in which you’re investing.Never jump in market in a hurry.Always take time to analyse the market and establish a good trading strategy which you can follow in order to be profitable dont rely on anyone as no one will help you in this market.Draw support and resistance levels,market trend and enter when price comes to the marked level.
I only saw one video in youtube which helped me make perfect analysis in daily market.IT name was “the only technical analysis video you will ever need” and it was worth it ,you can also watch it might help you.

—Risk management:- You should always calculate the risk you’re taking before doing a trade.Enter with minimum risk in your trade.You don’t need to risk all your capital for few dollars profit as it will only leave your account empty even if you become profitable in few trades but it will not prevent the outcome.Always leave a few amount of capital for future.You can take a risk in trading but you should be prepared for the outcomes.

—Patience:- Is the most important part doing trading.You should be patient doing a trade.Spent atleast an hour before taking a trade
and make perfect market analysis.Dont sell in loss after a small pullback.Dont trust shorter time frames,they are often deceptive.

$ENA is under selling pressure,pullback soon!

ENA has been pumped greatly in past days and it is still not over rather it is preparing new ATH.

Currently trading at 1.050 after making a high of 1.140,ENA is under consolidation zone.The selling has been intense since past few hours but don’t let the short time frames fool you.It is still bullish in day chart and is gearing up for another big surge past 1.2 mark.

It is currently in oversold price and RSI is also showing it .There will be bounce back from this zone towards new high.Support is around 1.03 mark and resistance at 1.12.This zone is best to buy and hold as price will begin to rise,close to this level in coming hours.However if price doesn’t hold above the 1.03 level it might lead to a pullback towards 1.01.

Ena has experienced high volatility in past few days due to large volume and whale activities.
Don’t panic and don’t sell your holdings in loss after a minor pullback.

Always do your own research while making a trade with proper risk management and be patient.

$BTC under 100k again!

BTC broke its resistance previously and went upto 102k level where it has faced rejection and came back to 98.5k support level.Currently BTC is trading above at 99k with support around 98.5k and resistance just at 100k.Price breaking any of support and resistance levels might lead to pullback or surge.

Market has been highly volatile in past 24 hours due to large volume and whale activities.In a few minutes price fall to 90k and then again at 98k,triggering liquidations in millions.

Overall this is consolidation phase of BTC after hitting 104k.And it is gearing up for another surge towards new All Time High of 110k or maybe higher.Still it has a long way to go and it might cross 150k in coming weeks.

What is the most stupid mistakes traders do in futures trading!

-Making over leveraged trades:-the biggest mistake in futures is over leveraging.You have always seen people crying about their losses and putting screenshots of it and then you see the leverage they are putting in their trades.This is the most common mistake.

You should never put too much leverage in your trades not more than 5x or at most 10x.Doing trades with less leverage increases your margin and you have longer opportunity to hold you particular trade even if its in loss.Cause after sometime it will come in profit by itself.

However if your leverage is more than 10x maybe 20,30 or 100x you will eventually loose your money a little price retracement will trigger liquidation due to less margin.After price comes to that level or goes higher you will be broke cause you trade was closed earlier.

Well this is the stupidest mistake one can do and i myself as a beginner did such blunders which left me account liquidation many times.$BTC

$BTC is at verge of a breakout.

Currently trading at 99,200 its price has been constant since previous few hours and is showing signs for a breakout towards 104,000 level.

Resistance is just close to 100,000 and passing it will result into bullish momentum as it will attract more buyers.Support is around 98,500 mark and failing to maintain above this might lead to pullback toward 96,000 support.

As of today market is highly volatile and only enter trades with proper risk management and calculated market steps.And do your own research.

As i predicted $ENA reached $1 soon will make All Time High

Earlier i have told ya’ll to buy ENA at 0.8000.ENA has passed the resistance at 0.9500 and is making new highs and will soon be at $1.5.

Currently it is trading close to $1 .Resistance lies at 1.01-1.07 level and will remain in it for a short time after breaking this resistance price will surge rapidly to 1.2 than 1.5 levels.If a pullback occurs a short term support is at 0.9900 levels if price dips below than a pullback to 0.9550 might occur.Overall it is bullish in 1 day time frame.

Share your thoughts.

$BTC under pullback!

Currently BTC is highly volatile and is back to 98,000 after making new All time High at 104,000.Market is seeing fluctuations and price is in pump and dump scenario.

The support of BTC lies around 97,900 .However if price goes further down than it might test 96,000 zone.If it gets stable above this than it will bounce back soon and will make new ATH.About 97,000 btc have been traded in a day which is showcasing instrest of traders.

Overall BTC is bullish and it will carry this bullish momentum despite market fluctuation and whale activities.

$ENA on charge! My prediction goes correct.

As i have said in my early post that ENA is under consolidation and will hit $1 .Now the consolidation is over and it has break the resistance at 0.8800 after a decline toward the support level of 0.7500 which i mentioned.Its bullish momentum has increased its value to 0.9400.As its momentum will take it to $1 then $1.2 .Its a great time to enter.With support around 0.9200.

$BTC fluctuations in price has not impacted its bullish momentum.Must buy and hold it as it will be an influential coin in coming years.Looking at its supply and Market caps it can become a one of the leading crypto currency.

$ENA

$ENA will surely reach $1!

It is showing bullish momentum with a high of 0.88 after a support from 0.54 levels.
Presently it is undergoing pullback and soon it will be bullish

Resistance:- is at 0.887 a breakout above this will attract more buyers and will lead to huge bullish momentum and will hit $1 and then 1.2 later on.

Support:- short term support is at 0.80 and a breakout below this can lead to Pullback to 0.7600.And crucial support lies at $0.5400.

Overall it is showing bullish momentum with a miner consolidation ,preparing for a big rally.
$BTC will surely favour it in this run.