๐จ Binance detects and responds to security threat
A vulnerability was identified in KiloEx that put $6.1 million at risk. Thanks to monitoring tools and rapid response, Binance intervened and helped mitigate the effects of the exploit.
Security in the Web3 ecosystem is a priority. Stay informed!
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It is simply a buying or selling operation. When you buy XRP expecting it to rise, you are going long. If you sell it expecting it to drop, you are going short.
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๐น Spot vs Futures โข Spot: you buy crypto directly (you own the asset). โข Futures: you trade contracts on the future price (without owning the crypto), you can use leverage and profit even if the price drops.
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๐น Long and Short โข Long: you buy expecting it to rise ๐ โข Short: you sell expecting it to drop ๐ Both are done in Futures.
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๐น What is a Stop Loss (SL)?
It is a limit that you set to stop losses if the trade goes wrong. Example: if you enter XRP at $3.50 and set an SL at $3.20, if the price falls there, it closes automatically and protects your capital.
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๐น Take Profit (TP)
It is the opposite of the SL: a limit you set to take profits automatically. If you enter at $3.30 and set TP at $3.60, your trade closes with profit when the price reaches there ๐๐ฐ
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๐น What is Leverage?
It is multiplying your investment. For example: with x10 leverage, you can move $1000 with only $100 of your own. โ ๏ธ Note: it also multiplies your losses if it goes wrong.
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๐น Crossed vs Isolated โข Crossed: all your available balance can cover the losses. โข Isolated: you only risk what you put in that trade. Safer for newbies.
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๐ง Closing with a phrase to attract community:
Learning this is like having your bulletproof vest in the crypto market ๐ผ Start with knowledge, and the profits come ๐ธ
๐ฅ๐ฅRECENT: 21Shares has filed an application with the #SEC to launch a spot #ETF for #ONDO, aiming to replicate the native token of #OndoFinance, with #Coinbase as the custodian.
๐ฅ๐ฅThe application highlights the growing institutional interest in tokenized real-world assets, following #Ondo's acquisition of Oasis Pro, the SEC-registered brokerage firm.
๐จRECENT: A sell wall of 68,000 #ETH (263 million #USD๐ต) has formed between the price level of $3,850 and $4,000 dollars, according to the data from the spot order heat map.๐จ
๐คWhen you compare the amount of 263 million #USD๐ต with the market capitalization of 442 billion #USD๐ต, you realize that it is a very small percentage. Clearly, it is a trap by smart money aimed at shaking out some retail investors and overly leveraged long positions before continuing the bullish run.๐ค
๐ Supports / Resistances: โข Support zone 1: $3.30โ$3.40 โข Critical line: $3.16โ$3.20 โข Immediate resistance: $3.60โ$3.66 โข Next target: $3.84 (new ATH)
๐ฏ Strategy: ๐ข Long: $3.30โ$3.35, SL $3.20, TP $3.60 โ $3.84 โฑ๏ธ Scalping: $3.25โ$3.30, SL $3.20, TP $3.45โ$3.50 ๐ If it holds support, we could see increases; if not, pay attention to the lower line.
๐ฅ๐ฅRECENT: The largest bank in #UnitedStates ๐บ๐ธ, JPMorgan Chase, is exploring loans backed by actual holdings of #Bitcoin and #Ethereum, not just #ETFs of #cryptocurrencies.๐คฏ๐คฏ
๐ฅ๐ฅThis marks a radical shift from the previous stance of its CEO, Jamie Dimon, who infamously labeled #BTC as "fraud". Today, he says:๐๐ป๐๐ป
"I don't like it, but I will defend your right to own it". ๐ฅ๐โ๏ธ๐๐ต๐ค๐๐ปโโ๏ธ