K_A_M
Open Trade
UTK Holder
Occasional Trader
4.3 Years
KAM IS ONLINE 🤫
5 Following
5.4K Followers
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PINNED
Together, We Rise 🌟
Unity is our strength, and collaboration is our power.
When individuals come together with a shared vision, incredible transformations become possible.
In a world full of challenges, our collective resilience is what drives us forward.
Every voice matters.
Every effort counts.
Together, we can overcome barriers, break stereotypes, and build a brighter, more inclusive future.
Let’s lift each other up and lead with courage, empathy, and determination.
Because when we rise together, we truly soar. 💪✨
#TogetherWeRise #UnityInDiversity
#StrengthInCommunity #Empowerment #lunc $LUNC
Unity is our strength, and collaboration is our power.
When individuals come together with a shared vision, incredible transformations become possible.
In a world full of challenges, our collective resilience is what drives us forward.
Every voice matters.
Every effort counts.
Together, we can overcome barriers, break stereotypes, and build a brighter, more inclusive future.
Let’s lift each other up and lead with courage, empathy, and determination.
Because when we rise together, we truly soar. 💪✨
#TogetherWeRise #UnityInDiversity
#StrengthInCommunity #Empowerment #lunc $LUNC
PINNED
Trending
LUNC Circulating Supply Adjustment
LUNC Circulating Supply Adjustment
Introduction
This proposal aims to make a significant adjustment to the circulating supply of #LUNC by reducing it to a 1,000:1 ratio. This adjustment will be in effect until #USTC is re-pegged. All supply, except for staked LUNC, will be reduced to the 1,000:1 ratio. After a 21-day staking period, if $USTC is re-pegged, the staked $LUNC s will remain the same. However, if re-pegging is not achieved, they will be included in circulation at a reduced ratio
Introduction
This proposal aims to make a significant adjustment to the circulating supply of #LUNC by reducing it to a 1,000:1 ratio. This adjustment will be in effect until #USTC is re-pegged. All supply, except for staked LUNC, will be reduced to the 1,000:1 ratio. After a 21-day staking period, if $USTC is re-pegged, the staked $LUNC s will remain the same. However, if re-pegging is not achieved, they will be included in circulation at a reduced ratio
106.438
Binance Square Official
--
Predict BTC Price & Win up to $300 USDC!
🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next?
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now!
*Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now!
*Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
🚀 LUNC/USDT Technical Analysis: Key Levels and Insights for Traders
📉 Current Trend:
LUNC is trading below a long-term descending trendline, indicating a persistent downtrend. For bullish momentum to return, this trendline must be broken decisively.
📊 Support and Resistance Levels:
Key Support Levels:
$0.00007886 (strong support, potential accumulation zone)
$0.00008613 (minor support)
Key Resistance Levels:
$0.00012534 (near-term resistance)
$0.00014351 (major resistance, breakout confirmation level)
📈 Recent Price Action:
LUNC recently experienced a parabolic move upward, followed by a sharp retracement. This pattern could signify speculative activity or market reaction to news/events. Traders should monitor whether the price stabilizes above key support levels.
🔍 Chart Pattern:
The current structure resembles a descending triangle, often signaling potential bearish continuation. However, breakouts can occur in either direction, making it crucial to wait for confirmation.
⚙️ Potential Strategies:
Short-Term Trading:
Look for buy opportunities near support levels (e.g., $0.00007886) and sell near resistance levels (e.g., $0.00012534). Always use stop-loss to manage risk effectively.
Long-Term Positioning:
A breakout above $0.00014351 with strong volume could signal the start of a bullish trend. This level serves as a key confirmation zone for long-term traders.
Risk Management:
Given LUNC’s high volatility, stick to a 1-2% risk per trade rule. Monitor market sentiment and news closely for unexpected catalysts.
📢 Key Takeaway:
LUNC remains in a downward trajectory but is nearing critical levels. Traders should watch for price action near the major trendline and $0.00007886 support zone. A breakout above resistance levels may trigger significant upward momentum.
What’s your outlook on LUNC? Share your thoughts below! 🔥
#lunc #btc #TA $LUNC
📉 Current Trend:
LUNC is trading below a long-term descending trendline, indicating a persistent downtrend. For bullish momentum to return, this trendline must be broken decisively.
📊 Support and Resistance Levels:
Key Support Levels:
$0.00007886 (strong support, potential accumulation zone)
$0.00008613 (minor support)
Key Resistance Levels:
$0.00012534 (near-term resistance)
$0.00014351 (major resistance, breakout confirmation level)
📈 Recent Price Action:
LUNC recently experienced a parabolic move upward, followed by a sharp retracement. This pattern could signify speculative activity or market reaction to news/events. Traders should monitor whether the price stabilizes above key support levels.
🔍 Chart Pattern:
The current structure resembles a descending triangle, often signaling potential bearish continuation. However, breakouts can occur in either direction, making it crucial to wait for confirmation.
⚙️ Potential Strategies:
Short-Term Trading:
Look for buy opportunities near support levels (e.g., $0.00007886) and sell near resistance levels (e.g., $0.00012534). Always use stop-loss to manage risk effectively.
Long-Term Positioning:
A breakout above $0.00014351 with strong volume could signal the start of a bullish trend. This level serves as a key confirmation zone for long-term traders.
Risk Management:
Given LUNC’s high volatility, stick to a 1-2% risk per trade rule. Monitor market sentiment and news closely for unexpected catalysts.
📢 Key Takeaway:
LUNC remains in a downward trajectory but is nearing critical levels. Traders should watch for price action near the major trendline and $0.00007886 support zone. A breakout above resistance levels may trigger significant upward momentum.
What’s your outlook on LUNC? Share your thoughts below! 🔥
#lunc #btc #TA $LUNC
🤔
True resilience is about believing when others doubt.
#LUNC and $USTC holders are proof that patience and conviction can drive incredible comebacks.
The journey isn’t over yet, and neither is the fight for #repeg!
🌕🔥
#NeverGiveUp #LUNCToTheMoon
We believe in $LUNC and #ustc
#hodl is diamond then...
#ustcrepeg
True resilience is about believing when others doubt.
#LUNC and $USTC holders are proof that patience and conviction can drive incredible comebacks.
The journey isn’t over yet, and neither is the fight for #repeg!
🌕🔥
#NeverGiveUp #LUNCToTheMoon
We believe in $LUNC and #ustc
#hodl is diamond then...
#ustcrepeg
1000FLOKI/USDT Analysis – Descending Triangle Pattern
Key Levels to Watch👀
Resistance:🥶
$0.24200 (triangle peak).Descending trendline (dynamic resistance).
Support:👍
$0.16800 (triangle base, critical horizontal support).$0.14000 (major support below, in case of breakdown).
Momentum Check (RSI)
RSI is neutral but tilting downward.
A dip below 30 (oversold) could coincide with a breakdown.
Watch for divergence; price falling but RSI holding might signal a reversal.
Scenarios to Consider
Bearish Scenario 🔻:
Trigger: Break below $0.16800.Target: $0.14000 and potentially lower.
Stop-Loss: Above $0.17000.
Bullish Scenario 🚀:
Trigger: Bounce from $0.16800 or breakout above trendline.
Target: $0.24200 and beyond.
Stop-Loss: Below $0.16500.
What’s your take on 1000FLOKI/USDT’s next move?
Share your strategies! $FLOKI
#Floki #FlokiInu #Binance #CryptoTrading
Key Levels to Watch👀
Resistance:🥶
$0.24200 (triangle peak).Descending trendline (dynamic resistance).
Support:👍
$0.16800 (triangle base, critical horizontal support).$0.14000 (major support below, in case of breakdown).
Momentum Check (RSI)
RSI is neutral but tilting downward.
A dip below 30 (oversold) could coincide with a breakdown.
Watch for divergence; price falling but RSI holding might signal a reversal.
Scenarios to Consider
Bearish Scenario 🔻:
Trigger: Break below $0.16800.Target: $0.14000 and potentially lower.
Stop-Loss: Above $0.17000.
Bullish Scenario 🚀:
Trigger: Bounce from $0.16800 or breakout above trendline.
Target: $0.24200 and beyond.
Stop-Loss: Below $0.16500.
What’s your take on 1000FLOKI/USDT’s next move?
Share your strategies! $FLOKI
#Floki #FlokiInu #Binance #CryptoTrading
$LUNC /USDT: Rising Channel Analysis 🚀
LUNC/USDT is trading within a rising channel, creating opportunities for both bulls and bears.
Here’s what to watch:
Key Levels
Resistance:0.00014048: Upper channel resistance.
A breakout could push LUNC toward 0.00015000 and beyond.
Support:0.00013410: Immediate support within the channel.0.00011702: Stronger support below, in case of a breakdown.
Momentum (RSI)
Currently: RSI is hovering near 60-70, showing bullish momentum.
Overbought Risk: If RSI exceeds 70, a correction may follow.
Scenarios to Watch
🚀 Bullish:
A breakout above 0.00014048 could lead to a rally toward 0.00015000+.Entry: After confirming the breakout.
🔻 Bearish:
A drop below 0.00013410 might signal a correction to 0.00011702.
What’s your next move on LUNC? Share your thoughts below!
#LUNC #Binance #Crypto #TechnicalAnalysis
LUNC/USDT is trading within a rising channel, creating opportunities for both bulls and bears.
Here’s what to watch:
Key Levels
Resistance:0.00014048: Upper channel resistance.
A breakout could push LUNC toward 0.00015000 and beyond.
Support:0.00013410: Immediate support within the channel.0.00011702: Stronger support below, in case of a breakdown.
Momentum (RSI)
Currently: RSI is hovering near 60-70, showing bullish momentum.
Overbought Risk: If RSI exceeds 70, a correction may follow.
Scenarios to Watch
🚀 Bullish:
A breakout above 0.00014048 could lead to a rally toward 0.00015000+.Entry: After confirming the breakout.
🔻 Bearish:
A drop below 0.00013410 might signal a correction to 0.00011702.
What’s your next move on LUNC? Share your thoughts below!
#LUNC #Binance #Crypto #TechnicalAnalysis
A New Proposal to Save LUNC: Closed-Loop Burning and USTC Peg
Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) have continued to attract investor attention since the crash in May 2022. LUNC's price has remained low since then, and USTC has remained below $1.
In this blog post, I will propose a new solution to save LUNC: closed-loop burning and USTC peg.
How the System Works:
USTC Peg: Binance can maintain the peg by selling USTC at a fixed price of $1.
Closed-Loop Burning: Binance can reduce the supply by burning the USTC it sells. This burning proc
In this blog post, I will propose a new solution to save LUNC: closed-loop burning and USTC peg.
How the System Works:
USTC Peg: Binance can maintain the peg by selling USTC at a fixed price of $1.
Closed-Loop Burning: Binance can reduce the supply by burning the USTC it sells. This burning proc
Decentralization: Lessons from TerraForm Labs' Downfall and the Rising Value of Luna Classic
The recent filing for bankruptcy protection in the US by TerraForm Labs and its ongoing legal battles bring to light the significance of decentralization in the crypto world. Decentralized systems, lacking a single point of authority or control, can offer increased security and transparency. This situation contributes to the rising value of assets like Luna Classic.
The legal challenges faced by TerraForm Labs and its co-founder Do Kwon, including the alleged $40 billion cryptocurrency fraud case with the SEC, clearly demonstrate the potential risks of centralized structures. These events are heightening interest in decentralized assets among investors and market observers. Luna Classic, as a strong example of a decentralized structure, is potentially less affected by such incidents.
Moreover, decentralized structures facilitate a more democratic and user-centric ecosystem through direct participation and control by users. This aligns with the community-driven and developed nature of cryptocurrencies like Luna Classic. Decentralization also offers protection against regulatory interventions and single points of failure.
In conclusion, the difficulties encountered by TerraForm Labs underscore the value and importance of decentralization in the crypto sector. Luna Classic emerges as an asset representing the potential benefits of decentralization, attracting investor interest.
#Decentralization #LUNC #Cryptocurrency
#terraformlabs #luna
$LUNA $LUNC $BTC
The recent filing for bankruptcy protection in the US by TerraForm Labs and its ongoing legal battles bring to light the significance of decentralization in the crypto world. Decentralized systems, lacking a single point of authority or control, can offer increased security and transparency. This situation contributes to the rising value of assets like Luna Classic.
The legal challenges faced by TerraForm Labs and its co-founder Do Kwon, including the alleged $40 billion cryptocurrency fraud case with the SEC, clearly demonstrate the potential risks of centralized structures. These events are heightening interest in decentralized assets among investors and market observers. Luna Classic, as a strong example of a decentralized structure, is potentially less affected by such incidents.
Moreover, decentralized structures facilitate a more democratic and user-centric ecosystem through direct participation and control by users. This aligns with the community-driven and developed nature of cryptocurrencies like Luna Classic. Decentralization also offers protection against regulatory interventions and single points of failure.
In conclusion, the difficulties encountered by TerraForm Labs underscore the value and importance of decentralization in the crypto sector. Luna Classic emerges as an asset representing the potential benefits of decentralization, attracting investor interest.
#Decentralization #LUNC #Cryptocurrency
#terraformlabs #luna
$LUNA $LUNC $BTC
K_A_M
--
Bullish
Bitcoin's Volatile Journey: The Retreat to $41,500 and Key Support Levels
The recent activity in the Bitcoin market has sparked significant interest among investors and analysts. The retreat of Bitcoin to the $41,500 level is particularly notable and could be considered a critical juncture in the cryptocurrency market.
Previously, during a period marked by soaring rockets and the prevalence of FOMO (Fear Of Missing Out) in the crypto space, I had warned investors to pay attention to the support levels at $40,500 and $38,000. Currently, if Bitcoin cannot achieve a close above $43,500, it seems likely that the $40,500 level will be tested.
The logic to follow in this situation should be to look for one-night closes as signs of recovery when Bitcoin bounces back from its fall. If there is a sharp upward movement, the importance of two-night closes increases. Thus, under the current conditions, if Bitcoin manages to close above $43,500 for a night, it could be considered a suitable signal for taking new positions. If this level is not reached, the same strategy should be applied to the $40,500 level.
If Bitcoin fails to hold at the $40,500 level, and contrary to my personal expectation of not seeing lower levels, the $38,000 mark could emerge as a significant opportunity point. This level may present a potential buying opportunity for investors.
In conclusion, these fluctuations in the Bitcoin market contain important signals that investors should monitor closely. The market's response at this point will play a crucial role in determining the future moves of cryptocurrency investors.
#BTC #cpi #ETH #LUNC #JASMY
$BTC $ETH $BNB
The recent activity in the Bitcoin market has sparked significant interest among investors and analysts. The retreat of Bitcoin to the $41,500 level is particularly notable and could be considered a critical juncture in the cryptocurrency market.
Previously, during a period marked by soaring rockets and the prevalence of FOMO (Fear Of Missing Out) in the crypto space, I had warned investors to pay attention to the support levels at $40,500 and $38,000. Currently, if Bitcoin cannot achieve a close above $43,500, it seems likely that the $40,500 level will be tested.
The logic to follow in this situation should be to look for one-night closes as signs of recovery when Bitcoin bounces back from its fall. If there is a sharp upward movement, the importance of two-night closes increases. Thus, under the current conditions, if Bitcoin manages to close above $43,500 for a night, it could be considered a suitable signal for taking new positions. If this level is not reached, the same strategy should be applied to the $40,500 level.
If Bitcoin fails to hold at the $40,500 level, and contrary to my personal expectation of not seeing lower levels, the $38,000 mark could emerge as a significant opportunity point. This level may present a potential buying opportunity for investors.
In conclusion, these fluctuations in the Bitcoin market contain important signals that investors should monitor closely. The market's response at this point will play a crucial role in determining the future moves of cryptocurrency investors.
#BTC #cpi #ETH #LUNC #JASMY
$BTC $ETH $BNB
Bitcoin's Volatile Journey: The Retreat to $41,500 and Key Support Levels
The recent activity in the Bitcoin market has sparked significant interest among investors and analysts. The retreat of Bitcoin to the $41,500 level is particularly notable and could be considered a critical juncture in the cryptocurrency market.
Previously, during a period marked by soaring rockets and the prevalence of FOMO (Fear Of Missing Out) in the crypto space, I had warned investors to pay attention to the support levels at $40,500 and $38,000. Currently, if Bitcoin cannot achieve a close above $43,500, it seems likely that the $40,500 level will be tested.
The logic to follow in this situation should be to look for one-night closes as signs of recovery when Bitcoin bounces back from its fall. If there is a sharp upward movement, the importance of two-night closes increases. Thus, under the current conditions, if Bitcoin manages to close above $43,500 for a night, it could be considered a suitable signal for taking new positions. If this level is not reached, the same strategy should be applied to the $40,500 level.
If Bitcoin fails to hold at the $40,500 level, and contrary to my personal expectation of not seeing lower levels, the $38,000 mark could emerge as a significant opportunity point. This level may present a potential buying opportunity for investors.
In conclusion, these fluctuations in the Bitcoin market contain important signals that investors should monitor closely. The market's response at this point will play a crucial role in determining the future moves of cryptocurrency investors.
#BTC #cpi #ETH #LUNC #JASMY
$BTC $ETH $BNB
The recent activity in the Bitcoin market has sparked significant interest among investors and analysts. The retreat of Bitcoin to the $41,500 level is particularly notable and could be considered a critical juncture in the cryptocurrency market.
Previously, during a period marked by soaring rockets and the prevalence of FOMO (Fear Of Missing Out) in the crypto space, I had warned investors to pay attention to the support levels at $40,500 and $38,000. Currently, if Bitcoin cannot achieve a close above $43,500, it seems likely that the $40,500 level will be tested.
The logic to follow in this situation should be to look for one-night closes as signs of recovery when Bitcoin bounces back from its fall. If there is a sharp upward movement, the importance of two-night closes increases. Thus, under the current conditions, if Bitcoin manages to close above $43,500 for a night, it could be considered a suitable signal for taking new positions. If this level is not reached, the same strategy should be applied to the $40,500 level.
If Bitcoin fails to hold at the $40,500 level, and contrary to my personal expectation of not seeing lower levels, the $38,000 mark could emerge as a significant opportunity point. This level may present a potential buying opportunity for investors.
In conclusion, these fluctuations in the Bitcoin market contain important signals that investors should monitor closely. The market's response at this point will play a crucial role in determining the future moves of cryptocurrency investors.
#BTC #cpi #ETH #LUNC #JASMY
$BTC $ETH $BNB
The Power of Technical Analysis in the Crypto Market: A JASMY/USDT Pair Review
The volatile nature of cryptocurrency markets necessitates a continuous cycle of analysis and prediction for investors and traders alike. In this piece, we delve into the technical analysis of the JASMY/USDT pair using a chart sourced from TradingView, highlighting price movements and potential support and resistance levels.The Colorful Language of Price MovementsThe candlestick formations on the chart articulate the price movements within specific time frames through color codes. Green candles
Bitcoin SV (BSV) Technical Analysis: A Battleground of Resistance and Support
#Bitcoin SV (#BSV ) has always been a point of interest for crypto investors and traders alike. Our latest chart review indicates that BSV is currently moving within a significant technical formation. In this article, we will detail BSV's current price movements and potential future scenarios.
Current Status: The Triangle Formation
The charts reveal that BSV is trading within a triangle formation. In technical analysis, triangle formations typically signify a point of decision. These formations symbolize the uncertainty between buyers and sellers and a consolidation for the next significant move.
Resistance and Support Levels
The strong resistance level BSV is facing is pegged at 107.51 USD. Conversely, 82.5 USD is serving as support. The movement between these two levels forms the basis for our short-term price expectations.
Hourly View and Potential Scenarios
The hourly chart data suggest a downward breakout occurred, but the price quickly retracted back into the triangle. This pullback could imply that the selling pressure was weaker than expected and that buyers remain in a strong position.
Buying Strategy
According to the analysis, the 92.62 USD level is considered an attractive entry point for buying. If $BSV cannot hold at the 99.40 USD level, a pullback to the next support at 82.5 USD is anticipated.
Investment Recommendations and Risk Management
Technical analysis primarily attempts to predict future scenarios based on past price movements and volume data. However, the volatility of market conditions must be considered. Investors can use the indicated resistance and support levels as a guide for their trading decisions.
As with any technical analysis, risk management strategies are crucial. Investors should minimize their risks using tools such as stop-loss orders and portfolio diversification.
Conclusion
The current movements of Bitcoin SV are something that investors and traders should monitor closely. $BTC $SOL
#DYOR。
Thanks for your support and tips
#Bitcoin SV (#BSV ) has always been a point of interest for crypto investors and traders alike. Our latest chart review indicates that BSV is currently moving within a significant technical formation. In this article, we will detail BSV's current price movements and potential future scenarios.
Current Status: The Triangle Formation
The charts reveal that BSV is trading within a triangle formation. In technical analysis, triangle formations typically signify a point of decision. These formations symbolize the uncertainty between buyers and sellers and a consolidation for the next significant move.
Resistance and Support Levels
The strong resistance level BSV is facing is pegged at 107.51 USD. Conversely, 82.5 USD is serving as support. The movement between these two levels forms the basis for our short-term price expectations.
Hourly View and Potential Scenarios
The hourly chart data suggest a downward breakout occurred, but the price quickly retracted back into the triangle. This pullback could imply that the selling pressure was weaker than expected and that buyers remain in a strong position.
Buying Strategy
According to the analysis, the 92.62 USD level is considered an attractive entry point for buying. If $BSV cannot hold at the 99.40 USD level, a pullback to the next support at 82.5 USD is anticipated.
Investment Recommendations and Risk Management
Technical analysis primarily attempts to predict future scenarios based on past price movements and volume data. However, the volatility of market conditions must be considered. Investors can use the indicated resistance and support levels as a guide for their trading decisions.
As with any technical analysis, risk management strategies are crucial. Investors should minimize their risks using tools such as stop-loss orders and portfolio diversification.
Conclusion
The current movements of Bitcoin SV are something that investors and traders should monitor closely. $BTC $SOL
#DYOR。
Thanks for your support and tips
Unwrapping the Potential Impact of Bitcoin ETFs on the Cryptocurrency Market
In the financial world, the introduction of a #Bitcoin Exchange Traded Fund (#ETF ) represents a significant milestone for the cryptocurrency industry. As these financial instruments make their way into mainstream markets, they bring with them a host of potential benefits for Bitcoin.Accessibility and Mainstream Adoption Bitcoin ETFs simplify the process of investing in cryptocurrency by eliminating the need for investors to deal with the technical complexities of purchasing and securely stor
Based on the provided chart for #CHR/USDT, it appears that a short position has been considered due to the RSI indicating an overbought condition, which often suggests a potential reversal or pullback in price.
Trade Setup:
- Entry Value for Short Position: 0.21 USDT
- Stop Loss: 0.2205 USDT
- Take Profit: 0.1815 USDT
This setup suggests that the trade aims to capitalize on a potential decrease in #chr price from the current level of 0.21 USDT, down to the take profit level of 0.1815 USDT. The stop loss at 0.2205 USDT is set slightly above the current price to limit potential losses should the price move contrary to the expected direction.
The RSI being in the overbought territory could be the rationale behind anticipating a downturn. Traders often view an overbought RSI as a signal that the buying momentum may be waning, and the asset could be due for a correction.
However, it is crucial to note that this analysis is not a financial recommendation. It's based purely on the technical indicators present in the chart at the time of the snapshot. Trading cryptocurrencies involves significant risk, and it is important for traders to do their own research and due diligence. Additionally, using a stop loss is a prudent measure to manage risk, especially when taking a position against the current trend.
As with any trade, the market can move in unexpected ways, and what seems like an overbought market can remain so for longer than anticipated, or news and other market events can push prices higher. Hence, it's important for traders to stay informed and be prepared to adjust their positions as new market information becomes available. $CHR $BTC $LUNC
Trade Setup:
- Entry Value for Short Position: 0.21 USDT
- Stop Loss: 0.2205 USDT
- Take Profit: 0.1815 USDT
This setup suggests that the trade aims to capitalize on a potential decrease in #chr price from the current level of 0.21 USDT, down to the take profit level of 0.1815 USDT. The stop loss at 0.2205 USDT is set slightly above the current price to limit potential losses should the price move contrary to the expected direction.
The RSI being in the overbought territory could be the rationale behind anticipating a downturn. Traders often view an overbought RSI as a signal that the buying momentum may be waning, and the asset could be due for a correction.
However, it is crucial to note that this analysis is not a financial recommendation. It's based purely on the technical indicators present in the chart at the time of the snapshot. Trading cryptocurrencies involves significant risk, and it is important for traders to do their own research and due diligence. Additionally, using a stop loss is a prudent measure to manage risk, especially when taking a position against the current trend.
As with any trade, the market can move in unexpected ways, and what seems like an overbought market can remain so for longer than anticipated, or news and other market events can push prices higher. Hence, it's important for traders to stay informed and be prepared to adjust their positions as new market information becomes available. $CHR $BTC $LUNC
A Glimpse into the Bullish Basket: Diverse Crypto Assets for Optimistic Traders
Celer Network (#CELR ) Celer Network aims to bring scalability and improved transaction speed to blockchain technology. It's a layer-2 scaling platform that facilitates fast, easy, and secure off-chain transactions for payments and generalized off-chain smart contracts. By using state channel technology, Celer enables highly scalable and privacy-preserving applications, making it a strong contender in the race to enhance blockchain infrastructure.JasmyCoin (#JASMY )JasmyCoin operates as the nati
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Navigating the Volatility: TRB's Breakout and the Liquidation Landscape
In the ever-changing realm of cryptocurrency markets, Tellor Tributes (TRB) has recently caught the attention of traders on Binance. A glance at the TRB/USDT daily chart reveals a narrative of dramatic price action followed by stabilization, while the liquidation heatmap offers a glimpse into the underlying leverage dynamics at play.
A Surge of Activity
The TRB chart showcased a remarkable spike in price, characterized by a long wick that speaks to a volatile trading session. Such spikes are often indicative of a market reacting to new information or a strategic play by certain traders to exploit the order book, possibly triggering stop-losses before sharply retracting.
Current Stance
After the dust settled, TRB found itself trading around the 193 USDT mark. For those following the pattern, this price represents a significant milestone, as it aligns with the recent breakout from a descending triangle—a bearish pattern by tradition turned bullish by the breakout. A "retest" in technical terms means that the price has returned to the breakout point and held, reaffirming the asset's strength at this new support level.
Liquidation Heatmap Insights
Coinglass's heatmap tells a compelling story of leverage in the TRB market. With the current price just shy of 194.48 USDT, there's a notable clustering of liquidations, particularly for positions with 5x leverage. It suggests a market teetering on the edge, where a small push in either direction could tip the scales, leading to a cascade of liquidations.
Anticipating the Upward Move
Combining the chart analysis with the heatmap data paints a picture of anticipation. The successful breakout and retest of TRB against USDT set the stage for a potential uptrend. However, the concentration of liquidations near the current price level adds a layer of complexity, suggesting that the path forward may not be smooth.
#BTC #trb #ETH #Launchpool #lunc $TRB $BTC $SOL
Navigating the Volatility: TRB's Breakout and the Liquidation Landscape
In the ever-changing realm of cryptocurrency markets, Tellor Tributes (TRB) has recently caught the attention of traders on Binance. A glance at the TRB/USDT daily chart reveals a narrative of dramatic price action followed by stabilization, while the liquidation heatmap offers a glimpse into the underlying leverage dynamics at play.
A Surge of Activity
The TRB chart showcased a remarkable spike in price, characterized by a long wick that speaks to a volatile trading session. Such spikes are often indicative of a market reacting to new information or a strategic play by certain traders to exploit the order book, possibly triggering stop-losses before sharply retracting.
Current Stance
After the dust settled, TRB found itself trading around the 193 USDT mark. For those following the pattern, this price represents a significant milestone, as it aligns with the recent breakout from a descending triangle—a bearish pattern by tradition turned bullish by the breakout. A "retest" in technical terms means that the price has returned to the breakout point and held, reaffirming the asset's strength at this new support level.
Liquidation Heatmap Insights
Coinglass's heatmap tells a compelling story of leverage in the TRB market. With the current price just shy of 194.48 USDT, there's a notable clustering of liquidations, particularly for positions with 5x leverage. It suggests a market teetering on the edge, where a small push in either direction could tip the scales, leading to a cascade of liquidations.
Anticipating the Upward Move
Combining the chart analysis with the heatmap data paints a picture of anticipation. The successful breakout and retest of TRB against USDT set the stage for a potential uptrend. However, the concentration of liquidations near the current price level adds a layer of complexity, suggesting that the path forward may not be smooth.
#BTC #trb #ETH #Launchpool #lunc $TRB $BTC $SOL
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