📈 Golden Tips for Every Trader on Binance Platform
✅ 1. Don't trade without a clear plan - Define entry and exit points - Always use stop loss to protect your capital
✅ 2. Don't risk all your capital on a single trade - Allocate a small portion of your portfolio for each trade (only 2% to 5%) - Diversifying currencies reduces risks ($BTC , $ETH , $BNB )
✅ 3. Use the "margin trading" feature cautiously - Leveraged trading is tempting but risky - Only use margin after fully understanding the risks
✅ 4. Follow news and updates promptly - The market moves quickly due to news - Keep an eye on the **Binance News** section within the platform
✅ 5. Learn to read charts and technical indicators - Indicators like RSI and MACD greatly assist in decision-making - Use **TradingView** for better analysis
✅ 6. Don't be greedy! - If you reach your target, don’t always wait for the peak - Taking profits is part of success
✅ 7. Don't trade under the influence of emotions - Fear and greed are the trader's biggest enemies - Stick to the plan and don't change your decision due to momentary movements
#bitcoin #BTC #BinanceSquare Bitcoin is currently facing strong resistance at the level of $68,500 after a strong rise in the past few days.
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📉 Key Technical Levels 18799213505: Major Support: $66,200 Current Resistance: $68,500 Next Target in case of a breakout: $70,000 then $72,500
🔥 Expected Scenario 18799213505: If the price succeeds in breaking the current resistance with a daily close above $68,500, we may see a strong push towards $70,000 and possibly $72,500. However, if the breakout fails, we might see a correction down to $66,200 to support the upward momentum again.
✅ Recommendation: Carefully monitor the daily close. Any clear break of resistance with high trading volume could be an entry signal. Using a stop loss below $66,000 is essential to minimize risks.
💬 What do you think? Do you expect a breakout of resistance or the beginning of a new correction? Share your analysis in the comments!