Crypto Exchanges
By Maheen Hernandez
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Binance Exchange states, we encourage responsible trading. Binance Futures recently introduced the 'Cooling-off Period' - an optional function that allows you to disable trading…
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In our continuous effort to encourage responsible trading, Binance has launched the Cooling-off Period function for you to disable Futures trading temporarily to prevent…
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They have published on the method to activate the Cooling-off Period function?
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“Once the Cooling-Off Period function is enabled, you will not be able to trade USDⓈ-M and COIN-M Futures, Grid trading, Options, and Futures Battle via Binance website, App,…
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You can select various durations for the cooling-off period from one day, one week, and one month. All of which are referenced based on your local time.
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Please do not enable this feature when you have open positions or pending orders.
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Once the cooling-off period is enabled, it cannot be lifted. All trading features and confirmation buttons will be disabled. Please wait until the cooling-off period ends.”
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Binance Blog points investors to: The Wyckoff method stating it aims to anticipate accumulation and distribution periods to predict which way the market will move next.
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Some users were like: Damn even an exchange is trying to fool newcomers. Remember the exchanges are a part of the trend. Reverse psychology at its best.
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Others were like: In my perspective, this is a terrific update. I think you should put a lot of money into smart chain ideas.
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When so many have been lured in with the "Wyckoff accumulation" the market will do the opposite. Hence some big shorts, everyone is expecting this HUGE bounce to the upside.
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Again Binance is like: It's not about the money you make. It's about the money you keep. Here’s how Binance Futures traders can practice responsible and safe trading.
The Currency Analytics
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