My friend is going long on $ETH and he asked me to open my own long position with $400 and I said no.
I don’t see anything wrong with his idea, in fact, if you look at the 2 hour time frame of $ETH you will see something like a downtrend and right now, the market is trying to create higher highs and higher lows.
I am going to be shorting $ETH at $1,930 - $1,970 so why don’t I just open long now and close it at $1,950 and open short again.
The answer is simple, I only take trades that look mor...
Read through the DeFi United recovery digest twice before it clicked. After the Kelp DAO exploit rattled rsETH markets, Babylon Foundation put in $3M toward the relief fund, split between Aave v3 and v4, part of a pledge pool north of $300M from the bigger players in the space.
Good look, genuinely. But it sat strange next to the fact that Babylon's own native BTC-collateral lending through Aave v4 is still the thing everyone's waiting on, not the thing everyone's using yet.
So the protocol sh...
🚨 $KAITO is under pressure on the 4H chart.
The trend has clearly shifted in favor of the bears.
Price is now trading below the 7 MA, 25 MA, 99 MA, and the Supertrend, which shows sellers are still in control.
📉 The recent bounce failed to hold, and buyers have been unable to reclaim the $1.00 psychological level. That's a sign that momentum remains weak for now.
🟢 Support: Around $0.91. This is the level bulls need to defend to avoid further downside.
🔴 Resistance: $0.97–$1.06. A stro...