Actually, the accumulation of profit to earn $1500 is quite easy, with the following calculations:
1. If you have assets of $1000, then invest $100 and trade futures with that capital, with a capital of $100 the realistic daily target that you need to achieve is $3 or equivalent to 3%, this will be easy to achieve if you are consistent and disciplined to take profit or cutloss with a relatively low leverage of 1-4x. Monthly target of $150
2. If you have assets of $10,000 then invest $1000 and trade futures with that capital, the realistic daily target that needs to be achieved is $30 (3%). So the monthly target of $1500
$BTC will provide a lower risk, even if you use 5-15x leverage, because the price changes are not too volatile, so Bitcoin is the token that I recommend to achieve the daily 3% target.
Maybe for many people 3% is a small and unattractive target, but if you compound every trade and consistently achieve 3% profit every day for 1 year. You will see amazing results!
Actually, to achieve big profits requires discipline and stages, most trader mindsets want to get rich quickly and make big profits quickly, but they forget how much initial capital is used.
With high risk, the assumption of leverage 25-125x your assets will be eroded faster. Indeed, if your trade is correct it will generate high profits, but every analysis has the possibility of being wrong so this will only give you bankruptcy!
So you need to be wise and keep doing DYOR, don't be influenced by big capital owners, they share high profits because they already have a lot of assets. We must understand where we start!
Currently #bitcoin☀️ is at 71,000$, this shows a strong increase in the last 24 hours of 4.9%
What really happened? Despite the increasingly heated Middle Eastern geopolitical sentiment, the whale decided to raise #BTC☀ with the sentiment of the US election which will be held on November 5, 2024
BTC price is expected to break through 72,000-73,500$ ahead of the US election, but be careful with traps that can suddenly experience sharp corrections!!
#short recommended for 3-5x leverage with SL at 72,100
Interesting to play futures at #tensor !! With low leverage 2-5x, 0.467$ is a good price to start #short position with active SL at 0.485$ and Target TP of 15-25%
Binance's shocking news that it will delist #UNFI in November caused its price to fluctuate
UNFI was flown to a price of 8$, then whales dumped a lot of their goods and captured retail money. So, it is interesting to open a #short position in UNFI with a leverage of 1-4x. Maybe the current price of $3.2 is a bit late to enter, but I think the selling pressure has not stopped after the market manipulation action occurred. The price will fall to 2.2$
After stagnating at 0.49$, profit taking finally occurred at #catizen . Support appeared at 0.36$-0.35$. So what needs to be done? Buy position at 0.365$-0.370$ is very good with 2-5x leverage with active SL at 0.355$.
Although #CATI does not have a strong community, but in the near future I think the price will not fall deeper considering that -20% has occurred in a period of 1 day.
With support that remains solid, CATI will return to the 0.39$-0.41$ zone… Before finally dropping back to 0.33$
See how easy it is to make money from #short position at $APE and $DIA !!
Why is it easier to make a profit from short-term trading, because every coin must experience a correction, especially a high increase. This is the law of demand, where when the price is high, demand will decrease. All people, both retail and whales, want a low price to enter and a high price to exit, so when the price is high we make a Short entry when the Taking profit action occurs
I rarely trade on Binance, even in this October, I only used 3 days to trade futures, with a capital of 100$, I managed to make a profit of 48.98$ or equivalent to 49% Profit.
For traders, keep learning and don't give up on achieving consistent profits, especially for beginners, don't carelessly take positions with high leverage, it only makes you lose!
I will try to provide my trade plan when trading if I have time to post on square, Remember my trade plan is not your benchmark for starting a position, it is only a reference. In addition, most of the profits I get come from #short position.
$HIFI interesting to trade, 0.61$ is a good enough entry price for short position, with 2-4x leverage, SL at 0.625$
$BTC seems like it will test support resistance at 68,000$ and go back up to 68,700$
I missed a good entry, #Storj penetrating 0.666, a beautiful number for entry #short position..
Meanwhile, $BTC reincreased to the $68,800 zone, with a strong resistance test it seems that #bitcoin☀️ will be solid in the $68,000 zone if there is no bad sentiment in the next few days and even penetrates $70,000
For short traders like me, it seems interesting to enter Bitcoin for a short period of time, keep DYOR and use the article as a reference, not plagiarism!
$BTC still interesting for futures trading, but still do DYOR and adjust leverage. In my previous post, many people criticized, I think because the trading was not appropriate so you experienced a loss.
My daily trading today, quite varied and #bitcoin☀️ was enough to provide a fairly large profit from #short position.
I lost quite a lot at $DIA in short trading due to Stop Loss which was successfully hit by the price change, #dia #Storj #banana I also entered due to price fluctuations that were interesting for traders like me, once again my post is not a benchmark and still do your own research!
Banana experienced a 5% increase due to listing on other CEXs, such as Okx and Kucoin.
$BTC back to touch $68,200 However, there is a surprising fact from Elon Musk's TESLA CORP which moved #bitcoin☀️ of its holdings to several addresses, as much as 11,300 BTC. It is suspected that this will be partially liquidated to improve Tesla's financial report which will be released soon
This issue could become a reality whenever they want to sell it, especially with the current Bitcoin price which is far above the average TESLA buy. So at this price of $68,100 I dare to enter #short position for futures trading with 10x leverage
#bitcoin☀️ touched $68,400, this is the highest point in the last 1 week followed by many positive sentiments. One of them is Trump who is superior to his competitors, the correction of the Chinese market, and the war that has subsided. With an increase like this consistently, #BTC☀️ is able to touch $75,000-$76,000 as its new ATH.
However, many things can cause the price to correct. One of them is that many investors are doing TP! In addition, the Middle East war could heat up again at any time and get worse with China and Russia offended, and Iran and Lebanon also attacked by Israel. If the correction is worsened, then BTC will correct to $65,000-$63,000
Therefore, my signal is Short BTC with active CL at $69,000 and TP at $67,000-$65,000 #short
7-15x leverage is quite safe in Bitcoin, because the price changes are not too fast
Banana has increased by 11.5%, this shows its highest price in the last 1 month. $55 is a good entry point for short sell, leverage 5-10x I think is safe enough with stop loss at $57
TP target in the $52-49 zone, hopefully it can be realized when demand #banana is getting sluggish. In the near future, it seems to be able to penetrate $55.7-56 .. However, this is a good enough price to start the journey #ShortPosition
The 20% increase of #TURBO caused it to touch a high price of $0.00777. This is a beautiful number that is good for short entry with x5-7 leverage..
With the market expectation of taking profit, TURBO will correct to a price of $0.0076-$0.0074 and this is the nearest short TP Target... If demand continues to weaken, the price will drop to $0.0071
$NEIRO and $OG are starting to weaken, after a strong pump in the last few days and showing profit taking action from many of its holders.