Binance Coin: Should I Buy Or Should I Sell

4 Okt

Let's say this pair breaks the chart pattern and goes up, how far up can it go? How certain and confident would you feel as it rises knowing that the pair started to rise from a resistance level rather than support?

How much money do you have?
How much money do you intend to make?
What are your goals?
What are you doing here?
Why are you trading?

If you are a mega-whale, you are not reading this, so you are not.
If you are a normal, average human being, let me speak to you.

Bitcoin, Binance Coin, Ethereum and the rest are giants and giants use them to play. The giants have millions, hundreds of millions and even billions, this is not the game for people like us. We have to go smaller because we are small. Accepting our position has to be on the list of qualities needed to achieve success.

When a giant pair like this grows 20%, a smaller Altcoin can grow 300%.
If you have 1,000$ USDT or say, a capital of 20,000$ USDT, we are better off doing some research, looking at the smaller pairs and playing where we can win.

There is a huge difference between a bottomed out and a topped out chart.

I don't care who you follow;
I don't care who you have been reading;
I do care about your goals.

If you are in this to win or to make money, get your mind straight. Wake up and stand up.
This is not the right move, this is not the right time to go LONG.

The right time was between June 2022 and December 2023, we are now in October 2024.

You can say the whole day, "But it can rise, it is going to rise!" But that is not my point.
My point is the risk. When prices are high, if you are buying with a bullish perspective, the risk is too high for a drop. Even if we get a 10%, 20% or even 50% rise, it can come crashing down the next day. 50 days rising and we get 15 days of gains removed in just 3 days. When we are 14 days in the down-wave, we will have all the gains removed for the last 50 days and some more, we might be even looking at new lows.

My point is that there are pairs trading at the bottom, smaller pairs, and these have less risk and a higher potential for reward.

Choose your trades wisely. Not everything will grow.
Some pairs are set to move down, while others are set to move up.

It is complex but it becomes easy if you take the time to read, plan and prepare.

I am rooting for your winning and success.
I am here sharing my experience so that you don't have to go through the same mistakes that I made.

I lost so many times in the past that I know when the time to buy is right, and when it is time to stay away.

It is not because I am making predictions, it is experience gained through loss and pain.

Let them drop.

I will post right here, in this same platform, on this same account, on this same pair, when the bottom low is in... Right now, the chart is looking bearish.

Namaste.