A market pullback is a healthy market behavior because the market never moves straight up or straight down; it always takes a retracement. This usually happens due to profit-taking or when the market is overbought. Therefore, it is essential to implement proper risk management and set up a well-structured trade to avoid losses, especially since the crypto market is highly uncertain and volatile. Sometimes, volatility is driven by news, and the market may engage in liquidation hunts, which also causes pullbacks. To protect your account from being wiped out, using a stop loss is absolutely necessary.
#MarketPullback In demo trading, people often make profits because they don't fully understand the market, and since real money isn't involved, they aren't as affected by losses. However, as soon as they start live trading, emotions come into play. One major factor is not setting stop losses, although they set take profits, which is a very wrong approach. When faced with a small loss, they don’t close the trade, hoping it will turn into a profit, which only leads to maximizing their losses. Please avoid doing this and take the time to learn the right strategies. Focus on minimizing losses, maintaining a proper risk-to-reward ratio, and always set stop losses to prevent your account from being wiped out.
Join the #RideTheKaiaWave Campaign and Win Up to $10,000 in KAIA!
We are excited to announce an exclusive campaign sponsored by @Kaia Chain . Kaia is the EVM Layer1 public blockchain integrated with Asia’s largest messengers. Through the Kaia Wave builder support program, Mini Dapps will be able to instantly reach over 200M+ users on LINE messenger. 🗓 Duration: December 16, 2024 (00:00 UTC) – December 23, 2024 (23:59 UTC) 🎁 Rewards: $10,000 in KAIA prize pool for the top 50 posts! How to Participate: Follow @Kaia Chain on Binance Square.Create and post original content on Binance Square with #RideTheKaiaWave . Share your ideas for Mini Dapps you’d love to see on the LINE messenger. Your post must be at least 300 characters long.Share your post on X and tag @Kaia Chain with the hashtag #RideTheKaiaWave. Encourage your followers to engage with your post to increase its visibility and interactions.
Your Post Must Answer at Least One of These Questions: What innovative consumer-facing Mini Dapps ideas you’d like to see on LINE?What unique experiences could Mini Dapps offer in the lives of users on LINE?How can Mini Dapps bring creators and developers communities closer together?
Winner Selection: The top 50 posts based on unique engagement (likes, comments, shares) and minimum impressions per rank will share $10,000 worth of $KAIA: Top 1-10 posts: $400 worth of $KAIA each (Minimum 5,000 impressions required)Top 11-25 posts: $200 worth of $KAIA each (Minimum 3,000 impressions required)Top 26-50 posts: $120 worth of $KAIA each (Minimum 1,000 impressions required) Guidelines: Posts must be submitted by December 23, 2024 (23:59 UTC) to qualify.Content must be original, at least 300 characters, and relevant to Kaia and campaign task.Misusing hashtags, using misleading headlines and leads, or posting irrelevant content will lead to disqualification.Multiple high-quality entries are encouraged for higher chances of winning.Users must have posted at least one piece of content in the last 30 days to participate.Posts must receive at least 5 total engagements (likes, comments, or shares) to qualify for the reward ranking.Posts must meet both engagement and impressions requirements to qualify for the reward ranking.Engagement metrics (likes, comments, shares) combined with impressions will determine ranking.
About KAIA: Kaia is a high performance public blockchain that brings Web3 to the fingertips of hundreds of millions across Asia. Formed through the merger of the Klaytn and Finschia blockchains that were initially developed by Kakao and LINE respectively, Kaia is Asia’s largest Web3 ecosystem integrated with the Kakaotalk and LINE messengers that have a combined user base of over 250 million - all of whom can experience Web3 with the ease and speed of Web2 within their favourite messenger superapp to connect, create, collaborate, and contribute to the ecosystem. For more information, visit: Website: kaia.ioX: https://x.com/KaiaChain Discord: https://discord.com/KaiaChain Telegram: https://t.me/KaiaChain_EN Facebook: https://www.facebook.com/KaiaChain Medium: https://medium.com/KaiaChain Reddit: https://www.reddit.com/r/KaiaChain/
Terms and Conditions: This campaign may not be available in your region.Only content tagged with #RideTheKaiaWave during the event (including posts and articles) will qualify.Content relevance must be 70% or higher. Misusing tags or posting irrelevant content will lead to disqualification.Users must have posted at least one piece of content in the last 30 days to participate.Only new, original content is eligible. Previously submitted work is not eligible.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 300 characters will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.The content needs to be posted in Binance Square organically to qualify for the reward.In order to be eligible for a reward, your account must be completely configured, which includes a properly set up username and a profile picture. Winners of the week will be notified via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.Rewards in the form of token vouchers will be distributed within 30 working days after the activity ends. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
$STRAX #USJoblessClaimsFall Stratis has been working on improving its ecosystem, including partnerships and updates to its platform. This could lead to positive sentiment if there are announcements of new collaborations or product releases. The project has relatively low market attention compared to larger crypto projects, but it has a dedicated community, which could help it maintain a niche position in the market. In the upcoming years, we may see its price reach around $0.30.
$DEXE #BinanceAlphaAlert As we have seen an 11% increase in price over the last 24 hours that is the sign of price correction or shift. Long-term projections are highly speculative but optimistic, with some predicting the price could rise significantly, with potential price points between $20 to $50+ in the next few years, depending on the adoption of DeXe’s decentralized finance (DeFi) tools and market conditions.
Trade carefully and choose good coins that can give good profit. Good luck, buddies.
Set Realistic Goals: Aim for small, consistent profits rather than big wins. Consider your capital: For example, earning $10 daily is a 1% profit on a $1,000 portfolio or 2% on $500.
Choose a Trading Style: Scalping: Make small, quick trades to profit from minor price movements. Day Trading: Open and close trades within the same day based on market trends. Swing Trading: Hold trades for days or weeks to capitalize on larger price swings.
Risk Management: Never risk more than 1-2% of your capital per trade. Use stop-loss and take-profit orders. Avoid emotional trading and over-leveraging.
Track Performance Keep a trading journal to review and refine your strategies. Record all trades, including entry/exit points, profits/losses, and mistakes.
Example Daily Plan: Capital: $500 Target Profit: 2% ($10) Strategy: Identify 2–3 trade opportunities. Risk $5 per trade with a 2:1 reward-to-risk ratio. Trade pairs like $BTC $ZEN or any other Coin that will give you good profits
#BinanceAlphaAlert I have seen many posts on Square where people are facing significant losses. For example, they take trades with a $3 margin, but their losses go up to $53. This happens primarily because they don't understand risk management and don't close their trades when they face minor losses. Instead of taking a $1 loss, they end up with extreme losses relative to their portfolio, like $53.
To avoid this, it's important to understand one key point: profits are not always guaranteed, and neither are losses. The most crucial thing is knowing when and at what time to exit a trade.
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
$EIGEN is currently trading at $4.195, down -15.75% in the past 24 hours, indicating strong bearish pressure. This decline could be due to a market correction or profit-taking. Key support is located around $4.00, which could offer a potential buying opportunity if the price holds. Resistance is expected at $4.50–$4.60, where upward momentum may face challenges.
Trading Recommendations:
Short-term traders: Watch for a potential bounce at the $4.00 support level. If the price stabilizes, a trade towards $4.50–$4.60 could be a viable opportunity.
Long-term investors: Exercise caution and wait for confirmation of price stability above support before considering accumulation for long-term growth.
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Disclaimer: Please do your own research before making any trades for the aforementioned token outside Binance to avoid any scams and ensure the safety of your funds.
As of December 19, 2024, Troy (TROY) is trading at $0.00583957 USD, reflecting a 0.07325% increase from the previous close. It may increase to $0.007249 in 2025
As of December 19, 2024, WazirX (WRX) is trading at $0.115465 USD, reflecting a 0.14% increase from the previous close. Analysts have varied predictions for WRX's future performance. Some forecasts suggest a potential increase to $0.120495 by January 2025, with a longer-term projection of $0.153786 by 2030.
So, invest wisely and in a good coin so that your investments don't get stuck. Good luck, buddies 😉
Over the past 24 hours, ZEN has experienced a high of $16.71 and a low of $14.24 As per my prediction, based on higher highs and higher lows, it will perform well in 2025, and we may see its price rise up to $170 in the long run.
$BANANA In the case of adoption and growth of ApeSwap's DeFi ecosystem, along with increased liquidity and usage, we will see that the price of Banana Coin will rise.
Over the past week, ADA has experienced a decline of approximately 16.20%, indicating a bearish trend. But Strong developer activity, Strong partnerships and enterprise adoption attract more developers and projects, which could drive up ADA's value.
XRP experienced a significant surge, reaching a high of $2.90, but has since corrected to its current price. Key support levels are identified at $2.20, $1.98, and $1.70, while resistance is noted between $2.40 and $2.50. A breakout above $2.50 could signal a bullish continuation, whereas a drop below $2.20 may indicate increased bearish risks. Analysts have mixed predictions for XRP's performance in 2025. Some forecasts suggest a potential rise to $5-$7 in early 2025, driven by Ripple's increasing influence in the crypto space. Others project a more conservative range between $1.8 and $8.4, with optimistic peaks above $10. The final outcome will depend on XRP's adoption and regulatory developments, such as the ongoing SEC lawsuit against Ripple over unregistered securities.
Over the past month, LINK has experienced a significant increase of approximately 66.04%, outperforming both Bitcoin and Ethereum during this period. Some forecasts suggest that LINK could trade between $23.39 and $74.43 in 2025, with an average price around $43.35.
Let's see if the prediction is correct or not. And which coin will perform well in 2025? However, remember that trading should always be done carefully, and risk management should be applied.