Hanjeeh from Nigeria, Shares His Crypto Trading Journey With CoinW Exchange.
Hanjeeh, a 22 years old, from Nigeria, and an active blockchain enthusiast and trader, shares his experience in the crypto space and how CoinW is part of his story.
When Hanjeeh saw the “CoinW Bear Market Essay Contest” on social media, he became interested in CoinW exchange. Hanji learned that CoinW is the first crypto exchange in the world, to announce that spot transactions are free of handling fees, which can help users greatly reduce transaction costs in bear markets, and since then, he began to do some spot transactions in CoinW.
His first contact with crypto space was in 2020. At first, Hanjeeh started his cryptocurrency journey with an airdrop. After more than a year of exposure and learning, he fully entered the Blockchain space in early 2021. The main cryptocurrency currently held is SOL (Solana). SOL (Solana) is the top ten public chain track in the world by market value, and it is also the track, where Hanji earns the most as a trader.
Hanjeeh’s basic trading method is to identify technical support and resistance levels. Support level refers to the position where the currency price may encounter support when it falls, so as to stop falling and stabilize, and the resistance level refers to the position where the currency price falls. Pressure may be encountered on the rise, reversing the falling price. He also relies on news trends in the market to also influence his decisions.
BTC fell from a high of 69,000 to 20,000. Hanjeeh also lost a lot of money when the bear market came. One lesson Hanjeeh has learned from crypto trading, is that no matter how confident you are in the trade you are doing, as long as you have Profit, it must be settled as part of the profit. That way, you won’t lose a lot when the market turns south.
The bear market proves that crypto is not always smooth sailing. And removes the optimism in the bull market that crypto data is always trending upwards. But honestly, Hanjeeh never thought the bear market would last so long and be so brutal. For those who lost money in a bear market, Hanjeeh advises “hold on for a while and when the bull market comes, you’ll be rewarded.”
Currently, BTC fluctuates around $20,000, and ETH is around $1,300. Hanjeeh’s advice to newcomers is that the current point is the best entry point you can get. But interestingly, Hanjeeh gave the same advice 4 months ago when ETH was around 2500.
For exchanges, security is the lifeline! Hanjeeh has comprehensive experience in CoinW trading. In terms of security, if the full score is 100 points, Hanjeeh believes that CoinW has achieved 90 points, because CoinW has more than 30 self-developed security and risk control measures. In cooperation with Chuangyu, Alibaba Cloud, Amazon, etc., there are more than 100 security and risk control measures in total to ensure the security of user funds and the security of applications.
Over the years, CoinW has continuously improved its own ecosystem, and its business areas include spot trading, contract trading, OTC, ETF trading, CoinW Earn, FansUp and other businesses, and the ecological layout has been continuously improved. Through the whole ecological layout, CoinW provides one-stop comprehensive financial services for crypto assets to more emerging crypto users like Hanji around the world.
Having been deeply involved in the currency circle for more than 3 years, Hanjeeh is convinced that the future is the world of cryptocurrencies. At present, Hanji will insist on long-term investment in the currency circle and will try to turn 85% of the investment portfolio into stablecoins.
