3 Strategies to Trade#MAJORCoin as Bitcoin Price Rise
3 Strategies for Trading#MAJORCoin as Bitcoin Price Rise BTC:
1. Reflection strategy: - Direction: SHORT - Entry price: When the support level at $1.094 is broken - Target price: $1.080 - Stop Loss Price: $1.105 This strategy is based on the continuation of the current trend and using the support level as a potential entry point.
5 days ago we expected the entire market to go down and thank God we went down from 65 thousand to 57700 exactly and we gave the market time to go down and everything was excellent. $BTC
Currently, since Bitcoin has reached a rebound point and also went down in record time, we expect, God willing, it to rise towards 61 thousand and the expected period is from now until the weekly close and we can give it the opening on Monday as a last chance.
Want to speculate? Stop you broke the 57 thousand area, closing on the day
The general outlook is still negative as we enter September
Finally, take what benefits you from this outlook and ignore anything that you see as wrong for you.
Trading is one of the most important economic activities that requires a lot of study, analysis and strategic thinking. Trading involves buying and selling financial assets such as stocks, commodities, foreign currencies and futures contracts with the aim of making a profit. With the increasing popularity of online trading and the availability of many trading platforms, it has become important to recognize and avoid common trading mistakes. Here are ten common trading mistakes:
People who lost large amounts of money in the cryptocurrency market, Here is the story of one of them: The story of James Howells, an IT engineer from the United Kingdom, is among many stories of people who lost large amounts of money in the cryptocurrency market. In 2009, Howells decided to mine about 7,500 bitcoins when their value was very low. Over time, Howells decided not to continue mining and disposed of the computer he was using at the time. Then, Howells noticed that his digital wallet containing the bitcoins he was working with was located on the hard drive he had thrown away.
In 2013, the value of these bitcoins reached millions of dollars. Howells tried by all means to recover the drive from the local landfill in Newport, but the local authorities refused to grant him permission to search on the grounds that it would pose a risk to the environment.
To this day, Howells still hopes to find the drive, as the bitcoins he held would be worth hundreds of millions of dollars if he could recover them.
This story highlights the importance of keeping sensitive information secure, especially in the world of cryptocurrencies, where the financial situation can change very quickly. $BTC
Reasons for the decline in cryptocurrency prices: $BTC
1. Market fluctuations: The cryptocurrency market is a highly volatile market and rapid price movements. The price of cryptocurrencies is affected by multiple factors such as large trades and negative or positive news related to the currency, which can lead to a decline in their prices.
2. Government legislation and regulations: Government legislation and regulations for cryptocurrencies are an important factor affecting their prices. For example, if governments decide to impose strict restrictions on the trading and use of cryptocurrencies or ban them completely, this may lead to a sharp decline in their prices.
3. Negative news: Negative news related to a specific project, illegal trading, or a security breach may occur in the cryptocurrency market, which negatively affects investor confidence and leads to a decline in currency prices.
4. Changes in supply and demand: The forces of supply and demand play a role in determining cryptocurrency prices. If supply exceeds demand, prices may drop. Conversely, if demand exceeds supply, prices may rise.
5. Impact of Global Events: Cryptocurrency prices can be affected by global events such as global economic crises or geopolitical conflicts.
According to the most important trading principle, "don't put all your eggs in one basket." We suggest the top 5 cryptocurrencies to buy during a market crash, but these recommendations are not a call to buy or sell.
First: Telegram $TON The coin has a real project and has its own blockchain, and was not greatly affected by the recent decline, so it is expected to rebound quickly and achieve a good rise, especially since it achieved remarkable increases during 2024.
Second: Tron TRX TRX was the least affected by the large decline during the past week, which indicates the strength of the coin and the strength of its project. See the picture.
Third: Binance BNB BNB, the Binance platform's coin, is well-known and popular, and it is likely to return and rise well.
Fourth: Solana Solana is among the strongest coins and ranks fifth in coinmarketcap. Its project and network are among the strongest and best networks, so it is expected to rise more than other currencies.
Fifth: Ethereum ETH We cannot ignore Ethereum, especially with the launch of Ethereum instant funds. It has not yet attracted the expected liquidity, and the Ethereum project and applications built on it make it one of the best currencies that an investor can invest in.
The news of listing $TON on Binance is very positive news for all airdrop participants on the TON network or for those who invest in the network’s coins. Binance has established itself as one of the largest trading platforms in the world, and adding a coin to its list of coins will give it great attention.
What happened after listing a coin on Binance is the increase in hype and liquidity for all the network’s coins. This increase will attract more traders and investors to the network, which means there is more liquidity and potential trading for other coins that operate on TON, which will be a positive fate for those who already own it.
In addition, Binance also provides the ability to exchange cryptocurrencies easily and securely, which attracts more investors and traders to increase trading activity on the network. This will be very beneficial for all owners of other currencies on TON, as it has become possible to trade and transfer easily and with complete confidence.
$not It fell in the market but returned again to good levels, and it is possible that it will stabilize and rise to good areas as well.
It has been noted that the recent decline of the famous cryptocurrency "Bitcoin" affected the entire market, not only the new currencies. It is also a good currency for the Telegram platform and is considered successful compared to the rest of the new currencies. Another advantage of this currency is that it was included in the total number of new currencies, which is 65.