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CRYPTO MECHANIC
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ETHEREUM 👀
CRYPTO MECHANIC
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#ETH Update
Nothing really changed price is still holding above the key level.
I still think it will go up.
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Be careful chasing $MOVE token it's going up because they had to remove their market maker because binance found some fishy activities. These wicks you see on the charts are because there is not enough liquidity on the pair right now. 👉🏻 What Does a Market Maker Do? A market maker helps keep trading smooth by placing buy and sell orders in the market. This helps: Reduce price jumps (also called “slippage”) Keep trading spreads small (difference between buy and sell prices) Provide liquidity so trades can happen more easily When there is no market maker, the order book can become thin. This makes it easy for big orders to move the price a lot, creating those big wicks you see on the chart.
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What's your Bitcoin price target now ?
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You already know my high timeframe thoughts about Bitcoin. $84400-85000 is going to be a key zone going forward imo. As long as price can hold above it, Lower timeframes looks fine. Break and hold below this zone and we'll probably see $80k's and probably new low imo. $BTC
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You should Stop Rushing to chase trades. The market is not going anywhere. It won't cease to exist. Opportunities will always present. So, why all the rush? To make fast progress now? To become profitable right now? All this rush will only slow you down... In trading - Slow is Fast!
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