Something in the news just caught my attention.
Korea's Kospi fell 4.4% and that's a big deal, it could impact the whole market, especially with $101 billion of SpaceX stock becoming tradable Thursday.
If BTC breaks below $63880, I'd be looking to short it with a stop-loss around $65025, and take-profit at $62000, this is a pretty bearish scenario.
If ETH can hold above $1855, I'd consider going long with a stop-loss at $1800 and take-profit at $2000, this is more likely to happen in my opinion.
I'm leaning towards the bullish side for ETH, mainly because it's below its realized value, which gives it a strong valuation case, and its 24h movement is 2.18%, which is a good sign.
XRP is also looking interesting, with large spot orders pointing to "quiet accumulation", but I'd need to see it break above $1.0733 before I consider going long.
Overall, I'm cautious, but if I had to choose, I'd say ETH is the way to go, with a target price of $2000, and a stop-loss at $1800, let's see how it plays out 🚀💰
#cryptomarket #ETH #BTC #tradingstrategy
Korea's Kospi fell 4.4% and that's a big deal, it could impact the whole market, especially with $101 billion of SpaceX stock becoming tradable Thursday.
If BTC breaks below $63880, I'd be looking to short it with a stop-loss around $65025, and take-profit at $62000, this is a pretty bearish scenario.
If ETH can hold above $1855, I'd consider going long with a stop-loss at $1800 and take-profit at $2000, this is more likely to happen in my opinion.
I'm leaning towards the bullish side for ETH, mainly because it's below its realized value, which gives it a strong valuation case, and its 24h movement is 2.18%, which is a good sign.
XRP is also looking interesting, with large spot orders pointing to "quiet accumulation", but I'd need to see it break above $1.0733 before I consider going long.
Overall, I'm cautious, but if I had to choose, I'd say ETH is the way to go, with a target price of $2000, and a stop-loss at $1800, let's see how it plays out 🚀💰
#cryptomarket #ETH #BTC #tradingstrategy