The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.
The Relative Strength Index (RSI) is showing a downward trend, approaching the lower boundary, and an upward bounce is anticipated.
There is a key support zone in green at 1.90, and the price has bounced from this level several times. Another bounce is expected.
The RSI is showing a trend towards consolidation above the 100-period moving average, which we are approaching, supporting the upward move.
Entry Price: 1.93 First Target: 1.94 Second Target: 1.97 Third Target: 2.00
Lost $1800 today in binance futures. solano just pumped and reached the liquidation price
Askanda
·
--
Bullish
🏧If you are losing money on Binance Futures
🎁🎁How much have you loss on Binance Futures, leave a comment. You might get a free USDT gift 🎁
✅Don’t Ever use more than 5% percent of your Binance Futures portfolio on a single trade.
✅ Always move stop loss to entry and close 50 or 70% profits, when your trade reaches 100+ or 200+ ROI.
✅Don’t Trade News events. Always wait for the news to be published before making a decision. I loss a lot of money to learn sense.
✅Leverage refers to how much you have invested in a transaction, while margin refers to the amount of money you need to put up as collateral for each trade.
✅The difference between leverage and margin is an important one. You can leverage your money to increase your profits or reduce your losses on a trade.
You can have no excuse for your inaction❗️
If you want to succeed, you act, you go through many obstacles, but you don't back down. #Write2Earn #TrendingTopic #MATIC #strk $BNB $ETH $BTC