I decided to do some charity work. There are often requests for help on Binance Square, so I chose one person in need and tried to help him get out of the minus.
We will work with the problem of Monas khattak
I contacted him and offered to mentor him for one day, but he obviously refused because there are a lot of such “mentors” on the Internet.
Therefore, let's hypothetically imagine that this situation is on our account.
What do we start doing? We set our task. Our task is to recoup losses. To do this we need:
Make a technical analysis of the schedule $TON
Take into account the news background surrounding the coin itself and the international situation.
Since the goal of recouping losses will be fixed at 1% profit or at the first signs of a market reversal
Results of Technical Analysis
At least in the short term, the mood is bearish. On the chart we see a banal triangle within which the price will trade$TON with a possible breakout of the resistance level, which means you need to prepare to open a short deal on the breakout of the level.
We analyze the news background
The news background also indicates that we should open a short trade.
There is growing disappointment around the "slipper" projects, which has a negative impact on the price.
We are facing the US elections. The uncertainty of the election results is causing many investors to refrain from investing until after the elections.
In addition, we analyze the fear index - based on the fear index, we understand that the market is overheated and we should prepare for a general fall in prices
We use the results obtained and recoup losses
Based on the analysis, I opened a SHORT deal using Marginal Sale. Entry price 5.12 Closed in parts, the first half at 5.08, and the second closer to 5.05. As a result, having entered at 50 USDT on a safe 5 shoulder, I received almost exactly +2$. Thus, having recouped 50% of the "lost" money on an unsuccessful long and having been in the deal for a total of just over 2 hours
