Here's a potential strategy for new traders on Binance, tailored specifically for beginners:
**Approach:** Scalping & Swing Trading
**Duration:** Short-term (1-7 days)
**Target Assets:** Focus on 3-5 low-cap altcoins with good liquidity and volatility.
**Entry Strategy:**
1. Identify trending altcoins using Binanceâs âTop Gainersâ list.
2. Confirm entry points with technical indicators like RSI, Bollinger Bands, and Moving Averages.
3. Place buy orders 1-2% above the current market price.
**Exit Strategy:**
1. For scalping, set sell orders 5-10% above your entry price.
2. For swing trades, hold for 1-3 days, targeting a 10-20% profit before selling.
**Risk Management:**
1. Allocate 20-50% of your trading capital to each position.
2. Use stop-loss orders 2-5% below your purchase price to limit losses.
**Example:**
- **Starting Capital:** $100
- **Purchase:** Buy 1,000 units of Altcoin A at $0.10 per unit.
- **Scalping:** Sell 500 units at $0.12 = $60 profit.
- **Swing Trading:** Hold the remaining 500 units and sell at $0.15 = $150 profit.
Repeat this process with other selected altcoins, compounding your gains to grow your portfolio.
**Key Considerations:**
- This strategy carries risks and potential for losses.
- Cryptocurrency markets are highly volatile, with rapid price swings.
This example is for educational purposes only and does not constitute financial advice. Remember, real-world trading is more complex, so prioritize risk management and keep learning as you go.
Whale 0x48a (likely an investor in SingularityNet) just spent 2.835M USDT to buy back 1.792M FET ($2.39M) via Binance at an average price of $1.332 in the past 11 hours.
đ Address: 0x48a5507b37f4b276fdb782e79bbf05c41ce1b6a8
đ§ Notable Transactions:
The whale received 10M AGIX from SingularityNet on May 30 and 31, 2021, when AGIX was priced at just $0.045 ($456K).
These were later migrated to 4.334M FET on July 6, 2024.
Between August 11 and 23, 2024, the whale sold 2.333M FET for 2.385M USDT at an average price of $1.022 via Binance.
However, with FET's price surging by 67% over the past 7 days, the whale appears to have reconsidered and bought back 1.792M FET at a higher price.
đ Current Holdings: The whale now holds a total of 3.79M FET ($5.04M).
#FETâ€ïž $FET #eyeonchain
{future}(FETUSDT)
đšThailand busts bitcoin mine after repeated power outages: report
âąThai authorities raided a bitcoin mine that did not fully pay its electricity bills.
âąSoutheast Asian countries, including Malaysia, have cracked down on power theft associated with bitcoin mining in the past few weeks.
Thailandâs police and electricity authorities announced on Sunday that they raided an illegal bitcoin mine in a local town following frequent reports of power outages from the nearby area in the past several weeks.
AFP reported that officials from the Provincial Electricity Authorities, along with local police, raided a house in Ratchaburi, a province in central Thailand to the west of Bangkok.
Jamnong Chanwong, a chief district security officer, reportedly explained that the power outages began around the middle of July, likely when the mine became fully operational. Thai authorities said the mining operator paid very little in fees compared to the large amount of power consumption. The authorities, however, did not arrest anyone at the mine.
$BTC $ETH $SOL
$DOGE Coin Market Update:
$DOGE is experiencing a minor pullback, slipping -1% in the last 24 hours to $0.1086. Despite this slight downturn, DOGE's historical performance indicates a relatively neutral trend, with 47.33% of days closing above the opening price.DOGE is currently trading at a significant discount from its all-time high of $0.6905, reached 3 years and 3 months ago, with a substantial 84.27% correction from its peak.
This deep pullback may present a buying opportunity for long-term investors and contrarian traders looking to capitalize on a potential rebound.Traders should keep a close eye on DOGE's next moves, as it attempts to regain lost ground and challenge its previous highs.
A break above the $0.1500 level could indicate a potential reversal, and a retest of the $0.2500 level is not out of the question. This could be a lucrative opportunity for traders looking to ride the DOGE wave and potentially profit from a significant .
#CryptoMarketMoves #PowellAtJacksonHole #shabana #Write2Earn! $BTC
STMX (StormX) is a cryptocurrency token that powers the StormX decentralized finance (DeFi) platform. Here are some key points about STMX:$STMX
_Key Features:_
1. _DeFi platform_: STMX enables a decentralized platform for lending, borrowing, and trading.
2. _Token-based incentives_: STMX holders can earn rewards by participating in the platform.
3. _Decentralized governance_: STMX has a decentralized governance model for community decision-making.
4. _Multi-chain compatibility_: STMX supports multiple blockchain networks.
5. _Yield farming and staking_: STMX offers yield farming and staking opportunities for token holders.
_Use Cases:_
1. _Decentralized lending and borrowing_
2. _Token-based incentives for platform participation_
3. _Decentralized governance and decision-making_
4. _Multi-chain compatibility and interoperability_
5. _Yield farming and staking opportunities_
_Benefits:_
1. _Decentralized and community-driven DeFi platform_
2. _Token-based incentives for participation_
3. _Decentralized governance and decision-making_
4. _Multi-chain compatibility and interoperability_
5. _Yield farming and staking opportunities_
6. _Potential for value appreciation_
StormX aims to create a decentralized ecosystem that enables DeFi services, token-based incentives, and decentralized governance, with STMX playing a central role in the platform's operations.
Please note that the information available on STMX coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
$WIF Coin Market Alert:
$WIF is experiencing a notable downturn, plummeting -4% in the last 24 hours to $1.84. Despite this significant correction, WIF's historical performance indicates a relatively neutral trend, with 47.59% of days closing above the opening price.WIF is currently trading at a substantial discount from its recent peak of $4.57, reached just 4 months ago, with a staggering 59.79% pullback from its high. This drastic correction may present a buying opportunity for contrarian traders looking to capitalize on a potential rebound.
Traders should keep a close eye on WIF's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $2.50 level could indicate a potential reversal, and a retest of the $3.50 level is not out of the question. This could be a lucrative opportunity for traders looking to ride the WIF wave and potentially profit from a significant .
#CryptoMarketMoves #PowellAtJacksonHole #shabana #Write2Earn! $BTC
The recent market dip was nothing more than a strategic move! While many retail investors panicked and sold off their crypto, savvy institutions saw an opportunity and acquired a massive $14 billion in assets. This scenario perfectly highlights how the wealthy capitalize on market fear, further widening the gap between them and everyone else.
Retail investors sold off $1 billion in crypto, a significant 2.5 standard deviations below the 12-month average. Meanwhile, institutions went on a buying spree, acquiring $14 billion worth of crypto, 2.9 standard deviations above the average. The message is clear: the big players are buying the dip, and you should consider doing the same!
It's essential to remain steady during market downturns. Panic selling only locks in losses, while a long-term perspective can yield greater rewards. The market is already showing signs of recovery, with positive momentum building. Now is the time to stay calm, hold your assets, and avoid making rash decisions.
Did you find yourself panic-selling? Use this as a learning experience. Staying informed and maintaining a long-term outlook can help you make smarter investment decisions in the future.
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves
đšBitcoin is trading sideways near the resistance area, with the price not breaking above $65,000. If it breaks above $65,000, it will likely move towards the $69,000-$70,000 resistance area. However, if there is a rejection from this level, the price could drop back to below $62,000.
**Turn $1 Into $10 Quickly with These 3 Altcoins Under $0.1!**
If you're looking for investment opportunities with the potential to turn a small amount into significant returns, consider these three altcoins, each priced under $0.1:
1. **Marlin (POND)**
2. **Harmony (ONE)**
3. **AMP**
These altcoins offer the potential for rapid value increases, possibly turning your $1 investment into $10 or more. Altcoins, which are alternatives to Bitcoin, are known for their volatility and potential for high returns. By investing in these low-cost altcoins, youâre minimizing your initial investment risk while opening the door to substantial gains.
However, it's essential to conduct thorough research and understand the risks involved in cryptocurrency investments. The crypto market is highly speculative and can experience rapid and unpredictable price changes. With careful consideration and strategic investment, these three altcoins could offer significant returns.
**Understanding Altcoins**
Altcoins are alternative cryptocurrencies to Bitcoin, offering unique features and functionalities. While Bitcoin remains the most well-known and widely used, altcoins vary in terms of technology, purpose, and value proposition. Some aim to address Bitcoinâs limitations, such as transaction speed and scalability, while others focus on privacy or smart contracts.
Altcoins are often created through initial coin offerings (ICOs) or token sales, where developers sell a portion of the cryptocurrency to fund its development. Investors and traders can buy and sell altcoins on cryptocurrency exchanges, similar to how stocks are traded on traditional exchanges. As the cryptocurrency market evolves, altcoins play a crucial role in offering innovative solutions and diversifying investment opportunities for crypto enthusiasts.
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole
The $DOGS meme coin has generated significant buzz, prompting a closer look at its potential market value upon exchange listing. With the project sharing key tokenomics details, we can now make a more informed price prediction.
*Tokenomics Breakdown:*
- Total supply: 500 billion DOGS tokens
- Community distribution: 81.5% (405 billion DOGS) via airdrop, no lock-up period
- Team allocation: 10% for team and project development
- Liquidity and listing: 8.5% for CEX and DEX liquidity, listing costs
*Price Analysis:*
- Pre-tokenomics announcement: $0.004-$0.005 in pre-market
- Post-tokenomics announcement: $0.0013
- Potential initial price drop below $0.001 due to early selling pressure
- Possible stable price range and increase if listed on additional major exchanges, reflecting investor confidence and market interest
*Opportunity Ahead:*
With $DOGS yet to be listed on major exchanges like Binance, this could be a significant opportunity for price appreciation. Keep an eye on market developments and investor sentiment to capitalize on potential gains.
*Stay informed, stay ahead!* Follow us for the latest updates, insights, and analysis on $DOGS and the cryptocurrency market. #BinanceLaunchpoolDOGS #DOGSairdrop #TelegramCEO #BinanceBlockchainWeek #FREEDURO
$BNB Coin Market Update:
$BNB is experiencing a minor pullback, down -2% in the last 24 hours to $563.46. Despite this slight correction, BNB's historical performance remains bullish, with 51.40% of days closing above the opening price.BNB is currently trading at a discount from its recent peak of $704.48, reached just 2 months ago, with a relatively modest 20.02% pullback from its high.
This correction may present a buying opportunity for traders looking to capitalize on a potential rebound.Traders should keep a close eye on BNB's next moves, as it attempts to regain lost ground and challenge its previous highs.
A break above the $600.00 level could indicate a potential reversal, and a retest of the $650.00 level is not out of the question. This could be a lucrative opportunity for traders looking to ride the BNB wave and potentially profit from a significant rebound.
#PowellAtJacksonHole #CryptoMarketMoves #Write2Earn! #shabana $BTC
$SOL Coin Market Analysis:
$SOL is showing signs of strength, up 0.60% in the last 24 hours to $158.81. With 49.88% of days closing above the opening price, SOL's historical performance indicates a relatively neutral trend.
Although SOL is still trading below its all-time high of $252.12, reached 2 years and 9 months ago, the current price represents a potential buying opportunity. The 37.01% pullback from its peak may be an attractive entry point for traders looking to capitalize on a potential rebound.
Traders should keep a close eye on SOL's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $180.00 level could indicate a potential reversal, and a retest of the $200.00 level is not out of the question. This could be a lucrative opportunity for traders looking to ride the SOL wave and potentially profit from a significant rebound.
#PowellAtJacksonHole #BinanceBlockchainWeek #shabana #Write2Earn! $BTC
đš Cristiano Ronaldo Faces $1 Billion Lawsuit Over Binance NFT Promotion đš
Cristiano Ronaldo, the football legend, is now in the middle of a $1 billion legal storm! đȘïž
In May 2024, Ronaldo inked a massive deal with Binance to promote the NFT collection "Forever Worldwide: The Road to Saudi Arabia," which culminated in a high-stakes auction on June 14. This was the fourth collaboration between Ronaldo and Binance, celebrating iconic moments from his career. But things took a dark turnâŠ
Ronaldo is being sued for allegedly promoting unregistered securities and leading his fans into risky crypto deals without fully disclosing the dangers. The lawsuit claims his involvement caused a 500% spike in interest in Binance, and now, the plaintiffs are seeking $1 billion in damages!
Despite Ronaldoâs legal team trying to dismiss the case, Judge Roy Altman has ruled in favor of the plaintiffs. The case is moving forward, raising serious questions about the responsibility of celebrities in the crypto world.
Is this the beginning of the end for celebrity crypto endorsements? Stay tuned as this legal battle unfolds!
Whatâs your take on this shocking development? Letâs hear it in the comments! đ
$PEPE Coin Market Update:
$PEPE is experiencing a slight downturn, dipping -1% in the last 24 hours to $0.0000090. Despite this minor correction, PEPE's historical performance remains relatively neutral, with 49.11% of days closing above the opening price.
PEPE is currently trading at a discount from its recent peak of $0.0000167, reached just 2 months ago, with a notable 45.85% pullback from its high. This correction may present a buying opportunity for traders looking to capitalize on a potential rebound.Traders should keep a close eye on PEPE's next moves, as it attempts to regain lost ground and challenge its previous highs.
A break above the $0.0000120 level could indicate a potential reversal, and a retest of the $0.0000150 level is not out of the question. This could be a lucrative opportunity for traders looking to ride the PEPE wave and potentially profit from a significant rebound.
#PowellAtJacksonHole #CryptoMarketMoves #shabana #Write2Earn! $BTC
@Zawarhassantrader110 VOTE ME FOR MORE UPDATES
Bitcoin is trading sideways near the resistance area, with the price not breaking above $65,000. If it breaks above $65,000, it will likely move towards the $69,000-$70,000 resistance area. However, if there is a rejection from this level, the price could drop back to below $62,000.
#Write2Earn!
#Market_Update
#BecomeCreator
$BTC
{future}(BTCUSDT)
Crypto Prices Today: $BTC Regains Momentum
The crypto prices today have showcased mixed price actions, with major coins trading in both positive and negative territories.
Bitcoin (BTC) price holds above the $64,000 mark, whereas Ethereum ($ETH ) traded near $2,800. Artificial Superintelligence Alliance (ASI) and Terra ( $LUNA ) emerged among the dayâs top gainers, rallying nearly 7% and 12%, respectively.
Which coin you are looking at?
How To Make 1MILLION DOLLAR Secret Tips đž
My Journey from $100 to a Million in Crypto đ
Starting with just $100, Iâve managed to grow it into a million-dollar portfolio. Want to know how I did it? Letâs break it down, so you can learn and start your own journey in the crypto world.
Mastering Market Trends & Technical Analysis (TA)
Ready to dive in? Follow me for deeper insights.
â
Understanding Crypto Market Cycles :
Crypto markets move in cycles, just like any other financial market. Recognizing these cycles can help you stay ahead of the curve. Hereâs a quick rundown on how to navigate these cycles effectively:
Trends: Seeing the Bigger Picture
â
Bullish Trends: Identify when prices are making higher highs (HH) and higher lows (HL).
â
Bearish Trends: Notice when prices start forming lower highs (LH) and lower lows (LL).
â
Pro Tip: Charts represent market sentiment. Remember, these patterns are often driven by the actions of market makers trying to influence the majority.
â
Support and Resistance: The Basics
Support Levels: These are price points where downward movement tends to pause and reverse.
Resistance Levels: These are points where upward price movement often stalls.
â
Key Adviceđš
Identify support and resistance by spotting at least two touches.
If a level is touched 4-5 times, be prepared for a potential breakout.
Fixed Range Volume Profile (FRVP): Your Go-To Tool
â
What It Does: Displays the trading volume at various price levels within a specific range.
Why Itâs Crucial: It helps in pinpointing strong support and resistance zones.
â
Risk Management: Staying Grounded
Consistency and Discipline: Successful trading isnât about striking it lucky; itâs about following a consistent and disciplined approach.
â
Reality Check: Losses are part of the game, even for the best traders. Be wary of anyone who promises otherwise.
đšRemember: Trading carries risk, but with proper risk management, you can increase your chances of success.
#Write2Earn!
đ#BTC bullish trend is still there, be cautious to bearishâ ïž
đ§ Yesterday we talked about the weekly level point of view. We have already made adjustments at the weekly level, so there are expectations for an increase at the weekly level.
âĄïžFrom a structural point of view, the bullish structure at the 4-hour level is intact, or we can use the upward trend support line as a defense to judge whether the upward trend is intact. Therefore we can also continue to rise without a pullback, so please be cautious on the bearish move. Try to trade with the trend.
âĄïžIf there is a pullback, you can focus on buying opportunities near the neckline 62737 and the support area 61658.
Letâs see đ
đ€If you like my analysis, please like đ and share đŹ
đ Follow me so you don't miss out on any signals and analyze đŻ
#Wolf_king88 $BTC
{future}(BTCUSDT)
$GAS /USDT
To effectively trade in the stock market, understanding support and resistance levels is crucial. **Support** refers to a price level where a stock tends to find buying interest, preventing it from falling further. Itâs like a floor that prices have a hard time breaking through. When a stock price reaches this level, demand tends to increase, pushing the price back up. Identifying support levels helps traders determine optimal entry points.
On the other hand, **Resistance** is a price level where a stock often faces selling pressure, making it difficult for the price to rise above this point. It acts like a ceiling, where the stock's upward momentum slows down or reverses. Resistance levels are key for traders looking to determine when to sell or short a stock.
Spotting these levels involves analyzing past price movements, where prices consistently reversed, and can be identified using chart patterns, moving averages, or technical indicators like RSI and Bollinger Bands. Recognizing these levels enables traders to set effective stop-losses and take-profit points, thereby managing risk and improving trade outcomes. Mastery over support and resistance can significantly enhance trading success by enabling more informed decisions in both buying and selling scenarios.#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves
{spot}(GASUSDT)