IMX/USDT update

all targets hit!!! ✅️✅️✅️

I hope you gain some profits from my signal everyone

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Crypto Market Surges: Retail Longs Drive Volume Spike🌍
In crypto, spot volumes reported the largest monthly increase since January 2021 (albeit from depressed levels), led primarily by a big jump in retail longs vs some rebound in institutional buying ahead of the ETF approval. Long positioning appears to have gotten ahead of the fundamentals at the current time, and even a swift approval of the ETF will not lead to immediate structural inflows for at least a couple more quarters. As such, we recommend looking into taking profits / selling some OTM covered calls at this immediate juncture.
#CryptoMarket #ETFApprovalAnticipation #AheadOfFundamentals #ProfitTakingAdvice #OTMCoveredCalls

🚨 BTC Update Alert! 🚨

Great news, folks!

Everything is unfolding just as anticipated. Yesterday's minor dip, triggered by CPI data, was expected, as I mentioned earlier.

I'm pleased to report that we're on track to hit $59,000 and beyond. 📈

I've already set my stop-loss orders with 50% profit bookings, ensuring I'm in a win-win situation no matter what.

One common pitfall many encounter is succumbing to greed, ultimately losing potential profits.

Remember, it's crucial to secure gains when the opportunity arises. Even if you're confident in a trade, consider closing 50% of your positions once it reaches a certain level, and adjust your stop-loss accordingly.

For instance, if you entered around $38,900 and averaged around $41,500 after DCA, when the price hits $50,500, consider booking 50% profit and moving your stop-loss to $46,000.

This ensures locking in profits and mitigating risk.

Stay tuned for more insightful analysis on altcoins! 🚀

#BTC #ProfitTakingAdvice #TradeSmart #Write2Earn #TrendingTopic $BTC $ETH $SOL

TRADING TIPS

HOW TO BECOME A SUCCESSFUL TRADER ON BOTH SPOT AND FUTURES (PART 2)

👉 LEARN WHEN TO TAKE PROFIT ON A TRADE - Some trader misunderstood the word patience, they tend to become unrealistic when it comes to trading. If their trade is already profitable, they still wait patiently for it to grow higher, only for them to see their profit getting erased. Remember to always take what the market gives you. If your trade hits a support or resistance and gets rejected, that is a signal to close your position.

👉 DO NOT OVER TRADE - When trading, use only 1-5% of your capital, and trade only for 1-3 times a day. You don't get rich overnight from trading, think of this as a long term growth.

👉 lastly, CONTINUE LEARNING THE MARKET WITH EXPERIENCE - Nothing beats someone who has years of experience from the market, remember, every losses is just a stepping stone to success. Make sure to make the most out of it. Review your trades, find out what went wrong, what you should and should not do in your next trade. Have the ability to adapt to the market.

That is all for now everyone, I hope you learned something from this. Have a profitable trading !!

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