$BEAT 📌 $PROMPT 📌 $BAS
FOR LOVERS OF QUICK MONEY!
When you see these parabolic rises (like in BEAT or FOLKS), you should think of one thing: extreme overbought. The price has moved away too quickly from its moving averages (its 'gravity'). 🤔🤔🤔
Should you enter Long now? Extremely high risk! You would be buying at the top.
The real opportunity will come when these coins make a natural correction. For example, if BEATUSDT falls from its current price of $2.7875 to seek its support, that is where smart traders wait to enter Long.
💡 A good trader knows that euphoria (brutal rises) is the time for others. The correction (sharp drops) is their time.
- Do not chase the giant green candle. It is the trap.
- Wait for the pullback to a key support (MA(25) or MA(99)) and only enter if there is a confirmed bounce.
🧘♂️ Weekend Advice.
"The weekend has less volume and less liquidity. This can make movements erratic and more manipulable.
📌 Reduce your leverage by half. If you normally trade with 10x, use 5x. Low liquidity increases the risk of your Stop-Loss slipping and taking you out of the market unintentionally. Protect your capital and only trade the clearest and safest setups. 🧐👌🏻
HAVE YOU ALREADY USED THE PERPETUAL FUTURES DEMO?
#BinanceHODLerMorpho #Binanceholdermmt #BinanceBlockchainWeek
