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Here are some tips for trading with $10: Choose assets with high volatility. The higher the volatility of an asset, the greater your chances of making big gains even with a small amount of money. Use leverage with caution. Leverage allows you to trade assets worth more than your own money. However, leverage can be dangerous if you do not know how to use it responsibly. Start with a small amount. Don't try to make a fortune overnight. Start with a small amount and learn how to trade before investing more money. Here are some tools and tips that may help you trade with $10: Demo accounts. Many brokers offer free demo accounts that allow you to trade using virtual money. This is a great way to learn how to trade without risking your own money. Technical analysis tools. Technical analysis tools can help you identify potential trends in the market. Books and educational resources. There are many books and educational resources available to help you learn how to trade. Remember that trading is a risky activity. Never invest more than you can afford to lose.

Here are some tips for trading with $10:

Choose assets with high volatility.

The higher the volatility of an asset, the greater your chances of making big gains even with a small amount of money.

Use leverage with caution.

Leverage allows you to trade assets worth more than your own money. However, leverage can be dangerous if you do not know how to use it responsibly.

Start with a small amount.

Don't try to make a fortune overnight. Start with a small amount and learn how to trade before investing more money.

Here are some tools and tips that may help you trade with $10:

Demo accounts.

Many brokers offer free demo accounts that allow you to trade using virtual money. This is a great way to learn how to trade without risking your own money.

Technical analysis tools.

Technical analysis tools can help you identify potential trends in the market.

Books and educational resources.

There are many books and educational resources available to help you learn how to trade.

Remember that trading is a risky activity. Never invest more than you can afford to lose.

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Cardano (ADA) Eyes Crazy Anomaly with 4,000,000% Surge in Bulls Liquidations. In an unexpected turn of events within the crypto market, Cardano (ADA) has experienced an extraordinary surge in bullish liquidations, diverging significantly from the bearish ones. Over the course of just one hour, there has been a remarkable $320,670 liquidated from long positions, a figure that dwarfs the comparatively small $8.97 liquidated from short positions, resulting in an astonishing disparity of nearly 4,000,000%. The surge in bullish liquidations coincided with a 3% decline in Cardano's price within the same hour. One major contributing factor could be named recent negative macroeconomic indicators from the US economy. Among these indicators, the Michigan Consumer Sentiment Index dropped from 77.2 to 67.4, reflecting a decrease in consumer confidence. Additionally, consumer inflation expectations saw an uptick, with 1-year expectations rising from 3.2% to 3.5%, and 5-year expectations increasing from 3% to 3.1%. The Michigan Consumer Sentiment Index serves as a gauge of consumer sentiment regarding economic conditions, with lower values indicating reduced confidence, which can impact spending patterns. Meanwhile, the rise in inflation expectations suggests that consumers anticipate higher prices for goods and services in the future, potentially leading to changes in spending behavior and economic dynamics. This combination of economic factors may have influenced market sentiment, contributing to the surge in liquidations observed in Cardano trading. However, the fact that long liquidations exceeded shorts by 4,000,000% is obviously due to excessive greed reigning the market.
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Cardano's Bullish Hourly Golden Cross; Will ADA Rally? Cardano (ADA) is currently showing signals of bullish potential as it posts a "golden cross" formation on its hourly charts. This development has sparked anticipation among traders and investors, prompting speculation about the potential trajectory of ADA's price in the near term. A golden cross occurs when a shorter- term moving average, typically the 50-hour moving average, crosses above a longer- term moving average, such as the 200- hour moving average, on a price chart. This crossover is interpreted by technical analysts as a bullish signal, suggesting a potential uptrend in the asset's price. In the case of Cardano, the recent bullish crossover on its hourly charts might suggest a shift in momentum toward the upside. This bullish formation reflects increasing buying pressure and suggests that ADA's price could be poised for significant upward movement in the coming days. However, it is important to note that while golden crosses can provide valuable insights into market sentiment and potential price trends, they are not foolproof indicators and should be considered in conjunction with other technical and fundamental factors. ADA was up 0.59% in the last 24 hours at the time of writing to $0.4575, having pared its intraday gains. ADA fell drastically on its hourly chart, forming a giant red candlestick at press time. Weekly initial jobless claims rose to their highest level since August 2023, impacting the financial markets with the U.S. inflation data for April due next week. As Cardano's community eagerly awaits further developments on the market, all eyes are on the charts to see if ADA can capitalize on the bullish golden cross and sustain its upward momentum. A breakout above key resistance levels could potentially signal a new bullish phase for ADA, while failure to maintain momentum could result in selling pressure. In this regard, a break above $0.684 might kickstart a fresh uptrend for ADA's price; on the other hand, if selling persists, the $0.4 level may act as a formidable support.
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Bitcoin ETFs Might Put Significant Pressure on BTC Price, Peter Schiff Says. Aggregated Bitcoin ETF flows have been negative in the last few days. Adamant anti-Bitcoiner Peter Schiff predicts that this might be particularly bearish for the BTC price. Dr. Doom Peter Schiff expects BTC ETF outflows to put pressure on price. In May 2024, the market for Bitcoin ETFs is imbalanced, with too many investors and almost no buyers. Meanwhile the supply of potential sellers is large, which is very dangerous for Bitcoin's (BTC) price performance, "Gold Bug" Peter Schiff says. The launch of spot Bitcoin ETFs in the U.S. in January was accompanied by the opposite situation: "there were no sellers, only buyers," Mr. Schiff admits. While the interest in buying spot Bitcoin ETFs is stagnating, this imbalance might result in significant pressure on the Bitcoin (BTC) price in the short term. In the last 10 days, Bitcoin ETFs in the U.S. logged a $230 million outflow. As covered by U.Today previously, May 1 was the "worst day" for the space, with $563.7 mln erased in 24 hours. This outflow coincided with a 5% drop of the Bitcoin (BTC) price that plunged from $63,000 to below $60,000. Bitcoin ETFs controlled by paper hands? The discussion about the nature of the firs generations of Bitcoin (BTC) ETFs holders is ongoing. As U.Today reported earlier, some analysts are sure that only "paper hands" entered the segment, while confident holders are yet to come. Yesterday, spot Bitcoin ETFs registered a tiny $11.3 mln outflow, CoinGlass data says. While the majority of funds demonstrated positive dynamics, GBTC lost $43.4 million. Bitcoin (BTC) is changing hands at $60,900, down almost 1% in the last 24 hours.
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Dogwifhat Price Eyes Rally to $6 Following $4.2 Million Whale Investment. The Dogwifhat Price trapped in a narrow range formation seeks a decisive breakout to trigger a directional rally. When should you enter? Dogwifhat Price: With Bitcoin price upswing from $60000, the cryptocurrency market witnessed ease from the early week sell-off. While the renewed recovery momentum uplifted a majority of major cryptocurrencies, the Meme sector provides assets with the highest gainers sticking to their traditional nature as rapidly moving coins. According to the latest data from Coinmarketcap, the leading Meme cryptocurrency boasts a market capitalization of $51.2 billion, reflecting a daily surge of 2%. Dogwifhat, the Solana-base meme cryptocurrency has been trading sideways for a month now, resonating with two horizontal levels, $3.57 and $2.2. The coin price rebounded thrice from both levels indicating no clear dominance from buyers to sellers so far. However, Lookonchain recently reported a significant transaction where a "whale" investor bought 1.4 million WIF tokens for a $4.2 million USD Coin (USDC). This purchase was made for $2.99 per WIF. The investor, an early trader of WIF, has accrued over $8 million in profits from trading this cryptocurrency. This transaction underscores the whale's confidence in WIF's potential and hints at a bullish recovery. Therefore, with the Bitcoin price projecting bottom formation at $60000, the altcoin market could witness accelerated buying pressure. Thus, the WIF price is likely to break the overhead resistance of $3.57 which will release the buildup bullish momentum. The post-breakout rally could bolster the Dogwifhat coin to challenge the $4.85 and target the $6 mark. However, on a contrary note, if the post-Bitcoin halving correction prolongs, the WIF price could tease a breakdown below $2.2. A price slip below $2.26 will accelerate the selling pressure and lead to a prolonged correction to $1.75.
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