To increase your chances of winning in the Futures Grand Tournament on Binance Square, here's a step-by-step guide to crafting an original content piece that stands out and garners interactions:
### Step-by-Step Guide:
1. Choose a Relevant Topic:
- How to join the #BinanceTournament tutorials.
- Your tournament experiences or insights.
- Relevant industry news or event updates.
- Market and trading analysis or tips.
2. Crafting the Content:
- Introduction: Briefly introduce the topic you have chosen. If it's a tutorial, start with what the readers will learn. If it's an experience, give a short summary.
- Main Body:
- For Tutorials: Provide step-by-step instructions on how to join the Binance Tournament. Include screenshots or images if possible.
- For Experiences/Insights: Share detailed experiences or insights. Discuss what you learned, strategies you used, and your overall experience.
- For News/Updates: Report on the latest industry news or event updates. Provide sources and your analysis.
- For Market Analysis/Tips: Share your market analysis or trading tips. Use data, charts, and your reasoning.
- Conclusion: Summarize the key points and encourage readers to participate in the discussion by commenting, sharing, or reacting to your post.
3. Include Hashtag:
- Ensure you include #BinanceTournament in your post to be eligible.
4. Formatting and Quality:
- Use proper formatting (headings, bullet points, images).
- Ensure your content is well-researched and factually accurate.
- Check for spelling and grammatical errors.
5. Encourage Interactions:
- End your post with a call to action (CTA) asking readers to comment, share, or react.
- Share your post with friends and the Binance Square community to increase interactions.
6. Multiple Entries:
- Create multiple pieces of content to increase your chances of winning in both Promotion A and Promotion B.
### Example Content Outline:
Title: How to Join the #BinanceTournament: A Step-by-Step Guide
Introduction:
Welcome to my guide on joining the #BinanceTournament! In this tutorial, I'll walk you through the process step-by-step so you can start competing for a share of the 3 Million USDT prize pool.
Step 1: Sign Up for Binance Futures
First, you'll need a Binance account. If you don't have one, sign up [here](https://www.binance.com). Ensure you complete the KYC process to be eligible for futures trading.
Step 2: Enable Futures Trading
Navigate to the futures trading section on Binance. Click on the "Enable Futures" button and follow the instructions.
Step 3: Join the Tournament
Once your futures account is set up, go to the tournament page and click "Join Now". You'll be prompted to read and accept the tournament rules.
Step 4: Start Trading
Begin trading on the futures market. Your performance in the tournament will be tracked based on your trades.
Conclusion:
And that's it! You're now ready to participate in the #BinanceTournament. Share your experiences and strategies in the comments below. Happy trading!
Call to Action:
If you found this guide helpful, don't forget to leave a comment, share this post, and react with an emoji. Let's get the conversation started!
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By following this guide and actively you'll increase your chances of winning a share of the prize pool. Good luck!

As we have seen, Layer-1 blockchains serve as the network’s core foundation that provides the infrastructure for all applications and protocols developed on top of its network. They are solely responsible for maintaining the distributed ledger, validating transactions, and protecting the network from threats. In our exploration of layer-1 blockchains it can be extremely beneficial to understand the many use cases they provide, especially in our investing endeavors. Let's look at the most significant ones.  

Digital currency: One of the key applications of Layer-1 blockchains is that it can be used as a digital currency where users may transfer funds that have monetary value, without the need for intermediaries. It can also be done in a fast, safe and secure manner. Decentralized finance (DeFi): Layer-1 blockchains can be used for the development of decentralized financial applications and peer-to-peer financial services that eliminate the middleman. Examples include lending and borrowing platforms, stablecoin transactions and decentralized exchanges. SocialFi: This combines the principles of social media with decentralized finance (DeFi), offering a platform where influencers, content creators, and participants can have freedom of speech and content while governing their data and enhancing their ability to monetize user engagement. Supply chain management: Layer-1 blockchains can be used to increase supply chain management’s transparency and traceability. It provides the ability to track any digital or physical product throughout its life cycle and can prevent fraud and counterfeiting Identity management: Layer-1 blockchains can be used to verify identities, securely store and manage personal data and allow users to exercise control over their data and consent to its usage.  This can also help to ensure the integrity of data and transactions. Gaming: Layer-1 blockchains can be used to build decentralized gaming platforms, where users are involved in play-to-earn incentives and have in-game ownership of their virtual assets. They can also buy or win digital assets as well as trade them with native tokens. Digital collectibles: Layer-1 blockchains can be used to issue unique digital collectibles, such as digital art and Non-Fungible Tokens (NFTs). These can be bought, sold, and traded like any other physical collectibles. Decentralized science (DeSci): Layer-1 blockchains can use DeSci  to build public infrastructure for funding, reviewing, crediting, storing, and circulating scientific knowledge openly and fairly. Voting systems: Layer-1 blockchains can also be used to build safe, secure and transparent voting systems. This could be extremely important in preventing fraud and boosting voter confidence. 
These are a few of the more popular applications and use cases of Layer-1 blockchains. The trajectory and success of the crypto industry is undoubtedly marked by the continuous evolution of Layer-1 blockchain technologies. By serving as the groundwork upon which new innovations like DeFi platforms, blockchain gaming, NFT marketplaces, and decentralized SocialFi networks are built, L1 blockchains are not just the backbone of cryptocurrency—they are the future of decentralized technology and its limitless potential. 

Ethereum found support on the yellow 21 EMA line about six weeks ago and recently faced resistance near the red R1 line at $4.1k. 

Our momentum is still looking strong, with the Stochastic RSI showing a bullish cross above the 20 level. We are watching to see if Ethereum can hold support above the green S1 line at $3.5k. 

It is also good news that the 21 EMA is continuing to rise, which supports our uptrend. 

Looking at the market structure, Ethereum has been forming a large parallel channel since hitting lows in June 2022. The top and bottom of this channel have been acting as our support and resistance levels. The middle line of the channel was acting as resistance, but in February 2024, we broke through this middle channel resistance and rallied all the way to the top, which is now acting as resistance at $4.1k. 

The middle line of the channel held as support, and we're seeing higher highs and higher lows, indicating a strong uptrend. We need to watch if Ethereum can break the previous high at $4.1k. If it can't, we might see our first lower high, which could be a warning sign of a potential trend reversal. Otherwise, we want to see Ethereum hold support above the green S1 line at $3.5k. 

Key levels to watch: 
Resistance: $4.1k (red R1 line) Support: $3.5k (green S1 line) 
Let's keep an eye on these levels moving forward!

$ETH

Bitcoin found strong support on the 21 EMA, which is that yellow line around $56.5k about six weeks ago. Since then, it has been on a rally but recently hit some resistance near the red R1 line at $71.8k.  

The momentum is still looking good for us, with the Stochastic RSI indicating bullish momentum pushing upwards. However, we can see that our blue line has slowed down a bit. We can expect BTC to face some resistance between $71.8k and $73.5k, which will challenge our previous highs. 
 
Another good sign is that the 21 EMA (the yellow line) keeps rising, which is definitely positive news. 

Looking at the price action, we have been forming a large parallel channel since hitting our lows in June 2022. The bottom of this channel has been acting as support, and the middle of the channel as resistance. In February 2024, we broke through the middle channel resistance, and the price pushed all the way to the top of the channel, which is now acting as resistance. Recently, the middle channel line has been held as support, giving us a clear range of what to expect. 

We have been making higher highs and higher lows, showing a clear uptrend. One important thing to watch is whether we can surpass our previous high at $73.5k. If we can’t, it would mean forming our first lower high, indicating a possible trend reversal. Ideally, we want to see BTC break past that previous high to continue the uptrend or at least hold above the green S2 line at $56.5k to keep the trend going. 

Key levels to watch: 
Resistance: $73.5k (red R1 line) Support: $56.5k (green S1 line) 

Keep an eye on these levels as we move forward! 

$BTC

On January 15th of this year, TAO had a beautiful breakout out of the bull flag printing four bullish candles and making 380% gains in 8 weeks. Since then, TAO has had a significant retracement of about 58% and is currently struggling to hold current support (S1). Although it was looking to perhaps break out of its current bull flag pattern and move back up, it hasn’t yet. In fact, there is a good possibility that it could break below the current support level and move towards the next support level (S2). On the other hand, if TAO can close this next 2-week candle above support, there is a possibility that it may move back up and above the support level, towards the next level of resistance (R1). Which is more likely? Let’s take a closer look 

  
STOCH RSI (Stochastic RSI): Is getting close to the bottom of the range. It could remain here at these levels for a while and it is important to wait for a cross and a move to the upside, before a change in momentum.  
  
RSI (Relative Strength Index) & MFI (Money Flow Index): Both have been on a bearish down trend since February 26, 2024, as indicated by the (WHITE) trendlines. We could see continued movement to the downside, towards the bottom of the channel. Alternatively, we could see these indicators flatten out and/or start moving to the upside, indicating seller exhaustion.

  
Bullish Scenario: With the last 2-week candle close, TAO looked like it was leading to break out of the bullish flag pattern, but with the recent drop in BTC, it is now showing some weakness.  
If it can move up and pass through support (S1) with some significant volume, then we could perhaps see the bullish breakout play out.  We will have to wait and see. Waiting for the STOCH RSI to cross to the upside and the change in the direction of the RSI and MFI would indicate a switch to bullish momentum, but this could take several weeks or few months to play out.  Once TAO continues to print some green candles and moves above the 7 SMMA on this 2-week chart (or the 21 Week EMA), we can be more confident of the bullish move.  
Bearish Scenario: TAO is currently struggling to hold the support (S1), which if it doesn't do, that support will soon become resistance, indicating bearish momentum.
If it moves back below the support level (S1), we could expect some trading between the (S1) and (S2) for some time - even testing the next support level (S2).If TAO stays and continues moving below the 7 SMMA, this could indicate sustained bearish momentum.We also need to keep an eye on the RSI and MFI for continued selling pressure and movement to the downside, which is currently indicating the bears are still in control.  
$TAO

Since October 23, 2023, when it printed a significant green candle, RNDR has seen some nice bullish momentum, topping out at $13.53 on March 11, 2024. Since then, it has seen a nice 45% correction and is now trading in the range between support (S1) and resistance (R1). It also just recently (last week) broke through the support level which is now acting as resistance (R1). The question is will RNDR be able to regain momentum and break through current resistance towards all-time highs or is it losing bullish momentum and moving back towards the current support (S1). Let's look at it in more detail. 

  
As we look at the 1-week chart for RNDR we can see the following: 
7 W SMMA* - RNDR is below the Smoothed Moving Average (Yellow Line). 
Support & Resistance: There are a couple of levels of notable resistance for RNDR. The first level of resistance (R1) is currently sitting at $9.70, and the next level of resistance (R2) is at $13.22. The current support level (S1) of RNDR is $7.15 and the next level of support (S2) is at $3.19 
  
*The Smoothed Moving Average (SMMA) is a moving average used to gauge price momentum and trends on a chart. Unlike traditional moving averages, this indicator considers a more extended history of price data, which smoothes out short-term fluctuations. 

  
STOCH RSI (Stochastic RSI): Has seemed to have bottomed out. It could remain here at these levels for a while and it is important to wait for the cross to the upside, before a change in momentum.  
  
RSI (Relative Strength Index) & MFI (Money Flow Index): Both have been on a downtrend since March 11, 2024, as indicated by the (WHITE) trendlines. We could see continued movement to the downside, towards the bottom of the channel. Alternatively, we could see these indicators flatten out and/or start moving to the upside. 
  
Bullish Scenario: RNDR had a nice breakout of the bullish flag pattern at the end of April with two large bullish candles. However, over the last 4 weeks, bullish momentum has seemed to slow down with it printing several red candles and moving to the downside. However, this could be part of the cooling-off process, where RNDR attempts to come back down to test support (S1) before moving upwards again.  
The ORANGE box indicates a nice accumulation area if one is bullish on RNDR and the AI sector in the upcoming weeks and months.  
Waiting for the STOCH RSI to cross to the upside and the change in the direction of the RSI and MFI would support the bull's thesis.  
Once RNDR continues its upward movement and breaks through the current level of resistance as well as the 7-week SMMA, we can be more confident of RNDR being bullish. Also, watch out for some higher highs and higher lows over the next few weeks as confirmation.  
Bearish Scenario: RNDR just recently (last week) broke down through the support level which is now acting as resistance (R1) and is indicating bearish momentum - especially if it stays below that support level for some time.  
If it moves back towards the support level (S1) and doesn’t hold, we could expect some trading between the (S1) and (S2) for some time.  
If RNDR stays and continues moving below the 7-week SMMA, this could indicate sustained bearish momentum.  
In addition, we need to keep an eye on the RSI and MFI for continued selling pressure and movement to the downside, which would also indicate a more bearish scenario if this were to continue for several weeks or months.  
Lastly, watch for lower lows and lower highs which would strengthen the bears. 

$RNDR