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Should i Hold more? or take profit ?
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Rashed Halim
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I am discussing a potential investment plan for the cryptocurrency Immutable X ($IMX). 1. Current Market Condition: The sell pressure of token unlock is nearly over. This implies that recent selling pressure on IMX, possibly due to token unlock events (when previously locked tokens are released into the market), may be ending, which could reduce selling pressure and potentially increase the price. 2. Investment Plan: I have a budget of $5,000 for investing in IMX, with a specific strategy: 30% Now: I plan to invest 30% of my budget ($1,500) at the current price. 30% Later: Another 30% will be invested if the price drops to $0.90. Remaining 40%: I'm undecided about when to invest the remaining 40% but am considering waiting until the price reaches around $0.75. 3. Goal: I intend to buy IMX for a "bull run," meaning I'm hoping to profit from an anticipated future increase in price. $IMX - a post from my guru. #NovCryptoOutlook
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Don't let the clouds scare you ....
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#BTC☀ Always Hope for the Best, but Prepare for the Worst Bitcoin is known for surprising everyone, and its unpredictability is no secret. For leveraged traders, there’s a crucial piece of advice: ensure your liquidation level stays below $42k. There’s a real possibility that Bitcoin could drop more than expected, sweeping up liquidity before making a dramatic move upwards, potentially beyond $100k. We can never fully know what the market makers are planning. However, they often have insights into our expectations and have a way of manipulating the market to catch traders off guard. It’s essential to avoid liquidation, especially due to greed. The key is to play it safe – aim for smaller, but consistent, profits rather than risking everything for a big payout. Remember, the safest strategy is always to do your own research (DYOR) before making any investment decisions. Stay informed, stay cautious, and avoid falling into market traps. $BTC ---
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"Retail Sales MoM" (Month-over-Month) data for September 17, 2024, at 12:30 UTC, with the following details: Actual: 0.1 Forecast: -0.2 Previous: 1.1 Here's what this means: Retail Sales MoM reflects the change in the total value of sales at the retail level compared to the previous month. A positive value indicates growth, while a negative value indicates a decline. Actual: 0.1% growth in retail sales compared to the previous month. This is better than the Forecast of -0.2% (which predicted a slight contraction in retail sales). Previous: 1.1%, meaning the growth in the previous month was much higher than this month. Is this good? The actual result of 0.1% is better than expected because the forecast was negative. Although the growth is lower than the previous month, any positive figure is a good sign for the economy as it shows that consumer spending is still increasing, albeit at a slower rate. In terms of market impact, better-than-expected retail sales data can be seen as positive for the economy and could potentially strengthen the currency of the region this data applies to. #FOMC
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Time line for upcoming Bull Run.🐂 I'm expecting a correction in the market, potentially with Bitcoin (BTC) dipping to around $42k–$44k. While we can't predict the market, history shows that such corrections often happen before a major bull run. If we see a drop like this, it could be an ideal buying opportunity, especially for altcoins.Planning ahead is crucial. There's no need to rush into the market just because prices are climbing now. Historically, BTC bull runs usually begin in late October and extend through to April, so we have time on our side. Avoid the FOMO and focus on smart buying strategies during dips—when altcoins are near their cycle lows. Alternatively, we can wait until mid-October for clearer market signals. My Investment Sectors: Layer 1 Protocols: 30% (No investment in Ethereum Layer 2 until October 2025) Crypto Gaming: 20% AI, DEPIN & Real-World Assets (RWA): 20% Memecoins: 10% Upcoming Projects: 10% (Half of this will go toward Bitcoin Layer 2 projects) Stablecoins/ BTC/ ETH Reserve: 10% (based on market conditions) $INJ $WIF $PEPE
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