I have seen on binance square that lot of new traders on futures are getting liquidated or risk levels are high
Its not really hard to understand the platform . The only hard thing to understand is the market movement. You can find lot of good people on here that provide accurate signals on future tradings
If you’re new to binance or trading here are my advices from my own experience
* Pick one token to trade on futures ( if you want to pick multiple tokens use spot tradings )
* Never go short(Sell) on popular tokens
* Take small profits whenever possible
* Don’t use “Cross tradings “ This will use your balance on future trades to manage margin level and risk level . Incase of liquidity your whole future balance will be gone . ( Always use “isolated “ so it will only use the margin level that you added if somehow in liquidity only your margin balance will be affected)
*Always keep lower risk levels ( 20% or Lower ) In isolated margins you can add more assets to lower the risk level .. until price on the token stabilize.
*Always buy at lowest price point on the token ( in most weekends you’ll see price drops on lot of tokens soo thats your best chance to enter the market)
* Patience ( Trading is all about taking risk , someone has to loose for you to win and thats how trading work . Don’t panic when your prediction of the price suddenly changes it might or might not goes to the price point you expected its your responsibility to do the research and place the order)
*don’t use higher leverage on lower margins ( in most alt coins on the market the appropriate leverage is X6 or lower if you trading with lower margins )
Mainly don’t blame anyone for your mistakes because everyone on here came to earn free money by trading.. thats the truth and nobody here care about other people .
In game of trading you just on your own .. Play hard and get paid hard .
$XRP has really strong potential because of popularity among investors.
There’s a rumor floating around the internet saying elon musk himself partnering with ripple and injecting 104B dollars into XRP .
Either way we can only hope XRP won’t fail like $ENA Even though lot of us had higher hopes for it including me .
Hold your long positions on future tradings and manage your risk levels
Make sure your liquidity is 0.9$ or lower to play it safe . We never can predict the market 100% because whenever we thought it goes up it mostly goes down .
Would it hit the limit order? 🤔 If not tell me where to place the long order .. I always used to buy at lowest possible point . According to my predictions this is the safest limit. To place Long positions.
Like in my previous post I mentioned that $ENA will drop below 0.70 - 0.67$ range . Well it did dropped below 0.67$ and 0.66$ range for short period of time .
My position got liquidated and i lost 20$ which is how the game works , I didn’t did much analysis before making a entry.
Well for those who still holding long positions. If your liquid price lower than 0.50$ just hold your positions and add more capital.
Today is Wednesday and don’t expect to price return to 0.8 or 0.9 level within this week . But for those who entered at 0.80 - 0.85 price you’ll get chance to exit the market with minimum lost .
According to my analysis this coin will pump back to 0.9 level for short period of time . So its up to you whether short or long .
We can’t predict once price reached to that level coz whales are f**ing us over .
My best guess is price will drop again once it’s reached 24h maximum .
As always be safe .. and good luck ..
I’m personally not investing on ENA for short periods of time .. coz i need to find big amount of money to invest again ..
ENA coin Aka Ethena Project Started On March 30, and coin released on April 2 The Launch Price For $ENA coin was around 0.60$ during this time period we all witnessed significant drop on market. Most coins had rough time Correct me if I’m wrong but I didn’t saw this coin value drop below 0.70$ even when whole market crashed. so my view is this coin has stronger potential , we can’t guarantee if this coin will reach 2$ but i’m positive this coin has some good future. If you wanna invest on t