Dedicated to helping small investors - avoid the mistakes I made in the past and achieve success! KUDOS! Don't get wrecked! Use stoploss if you are leveraging!
DOT hasn't been grew much in this year! Currently it is coming to a breakout squeeze point as you see in the chart with low leverage accumulate ...$7- $7.2 zone! If market condition is good you may sell it at around $12.
If your leverage is high use tight stoploss! below 6.6 is bearish!
(please do your own research! My main motto is to be useful to you!)
Accumulation Zone: Consider accumulating SOL within the $170 - $173 range.
Target Profits: TP1 - $186. This represents a potential upside of roughly 7.5% from the entry point. (10x would give it a 75% profit, however risk should be managed with a tighter stoploss in that case)
TP2 - $210 +++
Stop-Loss: To manage risk, consider placing a stop-loss order below $160. This helps limit potential losses if the market sentiment weakens significantly.
(My conviction- after BTC and ETH ETF people might look onto SOL ETF and Obviously SOL has a bright future also!)
+ Sticking to your plan and managing risk are crucial aspects of successful trading. ++ Don't let emotions cloud your judgment. Be prepared to adjust or exit your position if market conditions change.
I believe SEI is set for significant growth in the coming days! Right now, it might move between the current price and some immediate resistance levels.
It could drop to around $0.5036, but once it gets past $0.54 and $0.59, it could go much higher. Set your profit targets based on how confident you feel. For me, a stop loss should be anything below $0.4720.
There are three possible scenarios depending on the market: 1) It goes straight up (less likely). 2) It retests the nearest support (this seems likely to me). 3) It dips a bit lower and then bounces back.
Remember I don't see future I am only predicting based on information and chart! Choice is yours!
RUNE has initiated the month trading above its monthly pivot point, indicating a shift towards a trending market. The current monthly pivot is also confined within the range of the previous month’s pivot, hinting at a possible compression that could lead to a significant breakout.
For additional assurance, it’s advisable to observe the price establishing firm support within the designated entry zone.
Make sure you are giving stop-loss to manage your risk and manage uncertainty!
Entry Zone: $current price to $6.166
Take Profit Targets:
TP 1: $6.8982 or a little below
TP 2: $7.347- 10.6 (I would suggest looking for short term if market becomes volatile- give trailing stoploss rather!)
Stop Loss Strategy: Activate a stop loss if there’s a candlestick closure below $5.785
. This approach helps in safeguarding the investment while navigating the market’s fluctuations.
I said earlier I am a bit optimist about RUNE and trading it for a long time (mostly with 2x in futureM position) Now we have new day's buy zone (Long term) do DCA down the line to $5.121 if it goes that down! If you do leverage high follow the chart and choose a good stoploss!
profit target is $7.524
and would like to wait!! may be after few ups and downs it will go big!
$LUNC Accumulate lunc at 0.0116 level. (RISK IS YOURS- so make sure you are using stoploss if you on leverage)
Support and Resistance Levels: Support: $0.01169 - This is a critical level where buy orders might be clustered, potentially preventing the price from falling further.
Resistance: $0.011867 - If LUNC can overcome this resistance level, it could signal a potential upward trend.Target Price (TP): $0.012187 - This is your profit target if the price breaks above resistance.
Stop-Loss: $0.0098 - This is a wide stop-loss, which means you're willing to accept a larger loss if the price falls sharply. Consider tightening the stop-loss if you want to limit your risk. Follow the chart instead!
Here are some additional factors to consider: Market Volatility: The cryptocurrency market is inherently volatile. Unexpected news or events could significantly impact LUNC's price.
Trading Volume: Higher trading volume often indicates stronger buying or selling pressure. Lower volume could lead to choppier price movements.
Overall Market Sentiment: If the broader cryptocurrency market is bullish, it could benefit LUNC. Conversely, a bearish market sentiment could put downward pressure on the price
Which is your favourite take now? Which one might grow faster?
Predicting the future growth of cryptocurrencies is challenging due to the volatile nature of the market. However, I can share some insights based on recent predictions and analyses (Conducted by Microsoft’s AI Copilot) for Ethereum (ETH), Solana (SOL), THORChain (RUNE), and Polkadot (DOT).
Ethereum (ETH): By the end of 2024, Ethereum is expected to reach a maximum level of $5,000. By 2025, it could potentially hit $6,500. Long-term predictions for 2030 suggest a maximum value of $20,5001.
Solana (SOL): Solana’s price might increase by 1.34% to reach $167.51 by June 04, 2024. There are optimistic projections that Solana could surge to $500 in 2024. By 2040, SOL could reach $2,226, and by 2050, it might climb to $12,730.
THORChain (RUNE): By the end of 2024, RUNE could reach around $13, with some forecasts suggesting a high of approximately $17.95. Long-term, by 2030, RUNE might achieve highs of about $30.
Polkadot (DOT): For 2024, DOT might see possible highs of $16, lows of $6.20, and an average price of $11.20. By 2030, the value of DOT may increase by +5% and reach $9.35.
These predictions are based on current market trends and historical data. It’s important to conduct thorough research and consider various sources before making any investment decisions, as the actual future performance of these cryptocurrencies can be influenced by a wide range of unpredictable factors. Always invest responsibly and within your risk tolerance.
$LUNC What's next!! Have you got any opinion/suggestions!
The upgrade to v3.0.1 for the Terra Luna Classic (LUNC) network signifies a significant update aimed at enhancing the blockchain’s performance and robustness. This upgrade, which was unanimously approved by the community and validators, includes major enhancements such as SDK 47 and other updates.
The process of upgrading will involve a temporary halt of the LUNC chain to implement the new software. Validators will need to replace the old binary with the new one as part of the upgrade protocol. The anticipation of this upgrade has generated positive sentiments within the community, although the price of LUNC did not respond positively immediately, dipping slightly before the upgrade.
This upgrade is part of the ongoing efforts to recover and improve the Terra network, which includes strategic burn strategies and support from major crypto exchanges like Binance, which has burned a significant number of tokens to aid in the recovery.
Overall, the v3.0.1 upgrade is a crucial step for the Terra Luna Classic ecosystem, aiming to boost efficiency, security, and performance of the network.
What's next!! Have you got any opinion/suggestions!
The upgrade to v3.0.1 for the Terra Luna Classic (LUNC) network signifies a significant update aimed at enhancing the blockchain’s performance and robustness. This upgrade, which was unanimously approved by the community and validators, includes major enhancements such as SDK 47 and other updates.
The process of upgrading will involve a temporary halt of the LUNC chain to implement the new software. Validators will need to replace the old binary with the new one as part of the upgrade protocol. The anticipation of this upgrade has generated positive sentiments within the community, although the price of LUNC did not respond positively immediately, dipping slightly before the upgrade.
This upgrade is part of the ongoing efforts to recover and improve the Terra network, which includes strategic burn strategies and support from major crypto exchanges like Binance, which has burned a significant number of tokens to aid in the recovery.
Overall, the v3.0.1 upgrade is a crucial step for the Terra Luna Classic ecosystem, aiming to boost efficiency, security, and performance of the network.
Cautionary Note on Shorting XEM Amid Binance Delisting
Given that Binance is delisting XEM, I've decided to short it, but with caution. It's important to note that some delisted coins can show aggressive price movements, potentially leading to the liquidation of short positions. Therefore, exercise extreme caution when shorting.
Strategy: Entry Point: Short XEM as it reaches the $0.0288 zone.
Risk Warning: Be aware that unexpected price spikes can occur, and you might face significant losses if the market moves against you.
Always remember to manage your risk and be prepared for potential volatility.
Ethereum (ETH) enjoyed a strong month fueled by ETF anticipation. However, the rally seems to be losing momentum. While the exact timing and potential volume of the ETF launch remain uncertain, some speculate it might be less impactful than initially expected.
From a technical standpoint, the daily Stoch RSI suggests there's room for a slight pullback.
Here's the opportunity: These potential dips, particularly around $3,700, $3,500, and $3,250, could present attractive entry points for a Dollar-Cost Averaging (DCA) strategy. This approach allows accumulating ETH gradually over time, potentially mitigating the risk of buying at the absolute peak.
Overall, despite the short-term pause, the long-term outlook for ETH remains bullish. These lower price points could be strategic opportunities to build a position in anticipation of future growth.
Ethereum (ETH) enjoyed a strong month fueled by ETF anticipation. However, the rally seems to be losing momentum. While the exact timing and potential volume of the ETF launch remain uncertain, some speculate it might be less impactful than initially expected.
From a technical standpoint, the daily Stoch RSI suggests there's room for a slight pullback.
Here's the opportunity: These potential dips, particularly around $3,700, $3,500, and $3,250, could present attractive entry points for a Dollar-Cost Averaging (DCA) strategy. This approach allows accumulating ETH gradually over time, potentially mitigating the risk of buying at the absolute peak.
Overall, despite the short-term pause, the long-term outlook for ETH remains bullish. These lower price points could be strategic opportunities to build a position in anticipation of future growth.
What do you see in LDO Chart? I do see some risks with heavy reward possibilities considering it in mind that it would make move with ETH movement (Both LDO and OP make move once ETH MOVES- see the past history). Therefore trade at your own risk!
Currently it is holding on to its Fib.5 area that is $2.331....down the line .618 zone is $2.2766....therefore accumulate and consider your stop-loss below that!
In a bull structure supports work better than the resistances don't forget!