$XLM on Alert ⚠️
The crypto market is showing widespread weakness, and the current outlook calls for caution with long and leveraged positions:
Technical: Weak RSI, with divergences across multiple timeframes.
Derivatives: Open Interest (OI) is declining, and the Funding Rate is in negative territory.
Context: BTC is losing momentum, and the entire market is undergoing a sharp correction.
As the market loses momentum, there is a risk of increased selling pressure and a test of key support zones between $0.168 and $0.165.
Strict risk management comes first. 🛡️
(NFA / DYOR)
📉⬇️🚫
$BTW
The crypto market is showing widespread weakness, and the current outlook calls for caution with long and leveraged positions:
Technical: Weak RSI, with divergences across multiple timeframes.
Derivatives: Open Interest (OI) is declining, and the Funding Rate is in negative territory.
Context: BTC is losing momentum, and the entire market is undergoing a sharp correction.
As the market loses momentum, there is a risk of increased selling pressure and a test of key support zones between $0.168 and $0.165.
Strict risk management comes first. 🛡️
(NFA / DYOR)
📉⬇️🚫
$BTW