#BTC For those of you who play high-frequency contracts, you may not know the existence of handling fees, or even look down on these handling fees. However, the handling fees for frequent transactions may even exceed your principal, which is a huge expense. Open Binance APP--Funds--Contracts--Today's Profit and Loss--Fund Fees and Transaction Fees. You can see your handling fees for the past year. For brothers who trade high-frequency contracts and have large positions, it may only take one month for your handling fee expenditure to exceed your principal. So you must open a rebate, and the handling fees should be taken back. If you don't open it, the handling fees will all belong to the market. If you open a rebate, the handling fees will be returned to your own account, saving you at least tens of thousands of u handling fees a month.
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Agan Community reminds: 5 core elements of playing contracts
1: Strict stop loss, prohibition of resisting orders, resisting orders will develop a bad habit, and the result will definitely be a loss of money
2: The entry point is very important, and the profit and loss ratio must be sufficient
3: Position management, good position management can attack and defend
4: Mentality management, when you open orders frequently and lose money, you must stop, and opening orders in a hurry is often wrong, because the judgment you make is also wrong
5: If you can't play contracts, try not to play, just play spot. If you really can't help it, it is recommended to only take 10% of the funds for a small play, and quit after losing money
6: If you want to learn, you can come to the square voice from Monday to Friday to learn, communicate, improve your understanding of the industry, and welcome the big bull market
Hello everyone, I am A Gan. Let's review the process of trading calls in the live broadcast tonight.
#BTC Tonight, when the price dropped near 94800, I told everyone that a rebound was coming and you could take a short position around 94900. After that, it kept rebounding, reaching around 97200. I said if it stabilized at 97000, it would come down again, and then it did.
#ETH Ethereum also rebounded, and I called out near 3630 that those who wanted to buy could take a short position. It peaked at around 3683, and I advised everyone to sell half when it retraced back to around 3680, and the remaining half could be sold if it came down to 3660.
Just now, Bitcoin broke down again, and I told everyone they could take another short position. I directly entered near 94600 and just made a profit of about 1000 points before exiting this short position.
Ethereum also had a rebound from 3573 to around 3610, where I sold half and kept the remaining half. Looking at Ethereum's trend, it seems slightly stronger than Bitcoin, so I will wait to sell the remaining half if it drops below 3600.
Let me mention a tip for trading calls during the live broadcast: if you hear me say to buy, just buy at market price directly and don't set limit orders, as you might miss out.
If there are any friends who followed the trades in the live broadcast tonight, remember to like and share! Thank you all for your support.
Bitcoin Small Drop, Clone Waterfall, Is the Market at Its End?
On April 25, 2023, the price dropped to the support level near 94,800 in the afternoon, and currently, it is consolidating at the bottom. In the short term, pay attention to the 94,600 level; as long as it doesn't break below, it should be fine. A break and retest could increase the pressure, with the possibility of dropping below 93,000 or around 90,000. Keep an eye on the core levels.
It has been mentioned before to watch for Bitcoin's pullback; once this significant adjustment traps at a high level, it may take at least 1-2 months to break free. However, considering the time, it's not too long, and spot traders are relatively calm. For contract traders, please don't hold onto losses.
For short-term trading, you can pay attention to Bitcoin; if it breaks below 94,700, a rebound back above could still allow for a short position entry. If the short position rebounds but fails to rise, remember to exit; don't get trapped.
Hello everyone, I am A Gan, let me talk about the current market situation.
#BTC The big coin has been trading high for the past few days. From the technical pattern on the daily chart, the big coin still looks good, with a tendency to continue to challenge new highs. Last night, the high point reached around 97500 and then slowly retraced to the low point of 96800 before starting to rebound. As of now, the highest point has rebounded to 98130 and is starting to retrace. This means that the small-level support is at 96800 and 96500, and for the 4-hour chart, the support levels are at 95700 and 94600. As of now, the small resistance levels above are at 98200, 98700, and strong resistance at 99600. For those doing short-term trading, you can wait for a retracement to the support levels before entering again.
#ETH The second coin last night hit the resistance near 3745 but did not break through and came back down. The lowest retracement was to 3679 and started to rebound again, with the highest rebounding to around 3740 before starting to retrace. This means the small-level support is at 3670. For short-term trading, you can enter at these retracement levels, with a stop loss below 3650 and look for another entry point. The take profit is near the previous high resistance level around 3740. Although the second coin has not broken through yet, the upward pattern is still intact, and the focus should be on buying low during retracements. Once it breaks through again, it should quickly reach 3900.
#XRP Ripple is really strong, it has hit a high point around 2.5. In the early morning, it broke through the historical high of 2, and I posted a video at that time. Those who watched the video should know what I said. I encouraged everyone to build positions when it came down to 1.97-1.98, but it did not reach that position for a retracement, and I missed the opportunity to see it surge directly when I woke up, perfectly missing a 20% increase. Currently, I do not recommend chasing the price at small levels; let's wait for a retracement. For those who are not holding long-term positions, it is advisable to reduce their holdings. The probability of hitting above 2.5 again during the day is still relatively small.
Today, the ones that are rising are the established public chains like XRP, Dash, LTC, etc.
#DASH From the small-level perspective, it has already hit the limit, and the probability of breaking through again at 55 is not high, so be cautious about chasing the price. For mid- to long-term trading, you can enter around 47 and add more at 40.
#LTC The spicy strips have also shown a short-term high point and retracement pattern. It did not break through at 130, and the small pressure is at 135. Looking at the day, the probability of continuing to challenge and break through 130 is also not high. If you want to buy more, wait for a retracement below 120.
If my sharing is helpful to everyone, please like and share, thank you all for your support.
#NEIRO has also risen, and here the shape has already broken through.
If it goes up again from here, the next resistance is around 0.0023; it needs to break above 0.0024 to pull more. In the short term, if it comes up to around 0.0023, it should reduce positions, and the remaining ones can be held if it breaks above 0.0024.
Today, #shib has risen and driven many meme sector coins to start increasing a little.
#pepe has been followed quite a bit, but pepe's short-term position has also reached a selling point, coming up to around 0.0000235 to run.
A strong bullish line has arrived at #SHIB , breaking through the previous high.
If the upper pressure is 0.000033, a breakthrough here will continue to slowly rise, the next pressure is 0.000046. If it goes up again, remember to reduce positions if the pressure does not rise. Look for positions to play after a breakthrough.
Hello everyone, I am A Gan, let me talk about the monthly closing situation of the market
#BTC This morning at 8 o'clock, Binance recorded the monthly line of Bitcoin, with a high of 99588, a closing line of 96407, and a low of 66835. This means that this month, Bitcoin moved from the lowest to the highest by 32753 US dollars, with an increase of nearly 50%. The monthly line closed with a strong bullish candle, which is very powerful.
With the monthly line closing so high, the probability of adjustment this month will increase, but we just don't know when the adjustment will occur this month or if Bitcoin wants to challenge above 100000 again. If it continues to stay at this high level and does not break through, it will continue to oscillate at a high level and slowly move downward. Another possibility is that Bitcoin will challenge a new high again, breaking through 100000 quickly and then pulling back to start falling. Assuming that Bitcoin really adjusts back to the monthly line, if it pulls back to about half of the lowest point, it will be around 85000. If it pulls back deeper, it will be around 80000. After all, it rose so much last month, so a slight pullback is quite reasonable. However, the market can be merciless, and a pullback to a low does not mean a closing low. It may close back above 90000.
Having said so much, will many people think I am rambling? Let's get to the point, which is to remind everyone to pay attention to Bitcoin's adjustment this month. If you have a heavy position or have added leverage, I suggest you remove the leverage and hold only spot, so you can add positions again when there are more pullbacks. If you are a partner with no leverage but have a large amount of funds, you can also consider reducing your position, and wait until there are more pullbacks to have bullets to add positions, so you'll have more chips. If you think you entered the market at a low price and want to hold for a big bull run, you can also choose not to operate, depending on your own investment strategy.
For this month's monthly line, I see Bitcoin leaning towards a pullback, but Bitcoin's pullback does not mean that all altcoins will follow suit. Some altcoins may still have the opportunity to surge again.
The inscription sector has taken off. Yesterday, I told everyone to ambush around 41, and the number #ORDI just surged. Let's see if this wave can take off and break above 47. It just hit 45.5 and then retraced.