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#TopCoinsSeptember live from #trading #Criptomonedas2024

Making a living from cryptocurrency trading is possible, but it is not easy or guaranteed. It requires a combination of knowledge, skills, experience, and a disciplined mindset. Successful traders spend time analyzing the market, managing risks, and developing solid strategies. However, due to the high volatility and risk inherent in the cryptocurrency market, it is common to experience large fluctuations in income, which can make relying solely on trading unstable. It is crucial to have a solid financial foundation and not risk more than you are willing to lose.#Bitcoin

$BTC retiros

Description of your position in 1000PEPEUSDT Perpetual:

1. Entry and Leverage:
• Entry Price: 0.0072800 USDT
• Leverage: 4x
2. Yield:
• Current Mark Price: 0.0075138 USDT
• Current Profitability: +12.45%
3. Technical Analysis:
• Moving Averages: The MA (200) is at 0.0074735 USDT and the MA (51) is at 0.0074237 USDT. The price is above both of them, indicating a possible uptrend.
• RSI: The RSI (6) is at 74.35 and the RSI (24) is at 59.52, suggesting that the market may be close to overbought.

🤑$ADA compound interest with $ADA #Binance #Cardano initial amount 3,000 $USDC
1. Define Intraday Trading Strategy

• Daily Profit Target: Set a realistic daily profit target. For example, you could aim for 1-2% per day on total capital.
• Risk Management: Do not risk more than 1-2% of total capital on a single trade. This means that with $3,000, you should not risk more than $30-$60 on each trade.
• Leverage: Use low to moderate leverage (e.g. 3x or 5x), as it increases your potential profits, but also increases risk.

2. Trading Example

• If you make an intraday trade with a 1% daily profit using 3x leverage, you would be looking at a profit of $30 per day.
• If you achieve this goal, at the end of the first day, you would have $3,030.

3. Applying Compound Interest

• Daily Reinvestment: Instead of withdrawing your profits, you reinvest them. This means that on the second day, you would trade with $3,030 instead of $3,000.
• If you continue to earn 1% daily and reinvest the profits, your capital would grow rapidly due to compound interest.

4. Growth Simulation

• If you generate a 1% daily profit for 30 days without withdrawing funds, your initial capital of $3,000 would grow to approximately $4,058. This is achieved due to the reinvestment of profits (compound interest).

5. Important Considerations

• ADA Volatility: Keep in mind that ADA is a highly volatile cryptocurrency, which can offer good profit opportunities, but can also involve higher risks.
• Discipline and Consistency: It is crucial to be disciplined and follow your plan without getting carried away by emotions or extreme volatility.
• Stop Loss and Take Profit: Always use Stop Loss orders to limit your losses and Take Profit to secure profits when your targets are reached.

#MyFirstSquarePost #adacardano

Cardano (ADA) has been showing volatility over the past few days, and its price is being influenced by several factors in the broader crypto market. Here is a general analysis and outlook on ADA for the coming days.

Technical Analysis

• Support and Resistance: Currently, ADA is near a key support around $0.33 USD. If it breaks this support, the next level to watch would be around $0.30 USD. On the contrary, a significant resistance lies near $0.40 USD.
• Technical Indicators: The RSI and Bollinger Bands show that ADA has been in a tight range, suggesting a possible consolidation before a breakout. This type of movement can indicate that the price is preparing for a bigger move, either up or down.

Fundamental Analysis

• News and Developments: Cardano has been in the news for its continued development on the network, including upgrades like Hydra, which could improve the network's scalability. This may be positive for the price in the medium to long term.
• Market Sentiment: The overall sentiment in the cryptocurrency market is mixed, and global economic uncertainty may negatively impact riskier assets like cryptocurrencies.

Price Projections

In the coming days, if ADA manages to hold above the key support and breaks above the mentioned resistance, we could see a push towards $0.45 - $0.50 USD. However, if the support breaks, it is possible that ADA could fall towards the $0.30 USD area or even lower, depending on the selling volume.

Strategy Recommendation

Given the volatility, a short-term trading strategy could be prudent. Consider setting close stop-loss orders to mitigate risks, and look for entries at key supports if you see signs of a reversal.