Stop Loss (SL): $1.18 Dollar-Cost Averaging (DCA): Add at $1.20 and $1.15 if the price dips further.
🍼Spot Trader: Click Here 👉$FTM
🥂Futures Trader: Click Here👆 (Don't overleverage futures trades unless you're a pro (max 2x-5x). Greed is a losing strategy.)
🚨Note: Trade at your own risk; this signal is not guaranteed. DYOR (Do Your Own Research).
Extra Tips: If the price is not in your favor immediately, consider holding for a few days. FTM's historical trends suggest recovery potential over time, which can lead to profits.
Fantom (FTM) has shown impressive growth, with an 85.24% increase over the past 30 days. Its strong momentum suggests bullish sentiment, but the slight dip in the last 7 days (-1.14%) might indicate a temporary pullback before the next upward leg.
Support Levels: $1.20, $1.15 Resistance Levels: $1.42, $1.56 Indicators:
RSI: Slightly above neutral, suggesting potential for more upward movement. Moving Averages: FTM is trading above its 50-day and 200-day moving averages, reinforcing the bullish trend. Volume: 24-hour trading volume of $406M reflects healthy market activity.
Overall, FTM remains a promising asset, with potential to retest its recent highs if market conditions stay favorable. #BinanceLaunchpoolVANA #BinanceListsVelodrome #BitcoinKeyZone #USUALSpotLaunch #FTM: 🙏 If you appreciate the signals and insights, feel free to send a small tip! (Click the $ icon below) 😊
XRP (XRP) 12H Update: A Potential Breakout or Breakdown?
$XRP
XRP is currently at a critical juncture. The next few days could determine whether it breaks out to new highs or falls back to lower levels. Here's what to watch for: Downside Scenario: * Failure to Reclaim 21 MA: If XRP cannot regain the 21-day moving average (pink line), it could signal further weakness. * Breaking Below ATH: A break below the previous all-time high of $1.94 could lead to a deeper correction towards $1.60 or even $1.30. Upside Scenario: * Breaking Above Resistance: A decisive break above the white trendline and reclaiming the 12-hour moving average would be bullish. * Potential Targets: This could lead to a test of $2.90, followed by a potential move to $3.50. How to Approach This Opportunity: * Stay Informed: Keep an eye on XRP's price action and key levels. * Manage Risk: Consider using stop-loss orders to protect your investments. Disclaimer: This is not financial advice. Please do your own research before making any investment decisions. Let's discuss your thoughts on XRP in the comments below! #XRP #Ripple #Crypto #Trading #Investment
SUIUSDT: A Bullish Rally or a Bearish Correction? 🐂🐻
$SUI
SUIUSDT has been on a tear, but is it time for a breather? SUIUSDT has been a star performer in the crypto market, delivering impressive returns for those who jumped in early. However, the recent price action suggests that a correction might be on the horizon. Here's what you need to know: 1. Resistance Hit: SUIUSDT has encountered resistance at the 1.27 Fibonacci level, which has resulted in a price rejection. This indicates that a short-term retracement is likely. 2. Potential Retracement Levels: * 0.5 Fibonacci (4.125): This level is a key support area where buyers are expected to defend the price. * 0.618-0.66 Fibonacci (~4.00): This zone aligns with previous resistance turned support, making it a strong potential support level. 3. Support Levels: * Daily 50 EMA: This moving average aligns with the retracement zones, providing additional support. * 200 EMA: This is the major support level. A break below this level would invalidate the bullish trend. 4. Bullish Scenario: If SUIUSDT successfully breaks above the 1.27 Fibonacci resistance level, the uptrend could resume. In this scenario, the following resistance levels are important to watch: * 4.81: This level could be a point of resistance for buyers. * 5.2-5.3: This is a major resistance zone where sellers may step in. * 5.6-5.76: This is a strong resistance area that could cap any further upside. 5. Bearish Scenario: If SUIUSDT breaks below the 200 EMA or the most recent higher low, a deeper retracement could be in play. What Should You Do? * Patience is Key: Wait for confirmation around key support or resistance levels before taking any action. * Risk Management: Always use stop-loss orders to protect your capital. * Don't Let Emotions Take Over: Stick to your trading plan and avoid impulsive decisions. Stay tuned for further updates on SUIUSDT! #SUIUSDT #SUI #Trading #Investment
-------------------_-------------_-----------_------ Significant options contracts for Ethereum and Bitcoin have expired, adding up to a whopping $2.7 billion in notional value on the cryptocurrency market. In the days ahead, traders and investors may realign their positions, which could lead to price fluctuations. A total of 21,000 options contracts for Bitcoin ended with a put/call ratio of 0.83.
At $98,000, option holders experienced the maximum pain point, or the price at which they suffered the greatest losses. This is quite consistent with the recent price consolidation of Bitcoin around the psychological level of $100,000. The price chart indicates that bullish momentum is still present because Bitcoin is still trading above important support levels, such as the 50 EMA.
But the trading volume seems to have tapered off a little, probably because the holidays traditionally bring lower market activity in the U.S. and Europe. Although there may be another test of support around $95,000, a breakout above $102,000 might rekindle optimism. A total of 164,000 options contracts for Ethereum with a Put/Call Ratio of 0.68 and a maximum pain point of $3,700 expired.
The price chart for Ethereum shows a consistent recovery from the 26 EMA, indicating that buyers are entering at pivotal points. The fact that ETH has recovered from recent declines despite the expiration indicates rising demand. The holiday season's reduced trading activity, however, may limit price movements to the $3,500-$3,900 range for the time being. Markets have historically seen brief volatility following options expirations, as traders liquidate or modify their positions.
#BitcoinKeyZone btc is ranging in 90-102k zone we may see consolidating in this range btc can't be predicted we will see what is going to happen next. all the best and good luck but always do your own research.#BitcoinKeyZone
In the recent chart studies and analysis shows that BTC is going down after reaching 103k for again a small downward trend then after that market is going to march upward to it's bullish trend.
To protect users and maintain a high quality trading market, Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume. Based on our most recent reviews, Binance will remove and cease trading on the following spot trading pairs: At 2024-12-13 03:00 (UTC)
The recent market dip caused panic among crypto traders, but let’s break down the facts.
It all began with a tweet from Sundar Pichai, CEO of Google, announcing a breakthrough in quantum computing. Google unveiled a new chip that can solve complex computational problems in under five minutes.
Naturally, this sparked fear in the crypto community. Why? Quantum computers are often seen as a threat to Bitcoin and other crypto currencies because of their potential to crack encryption. People assumed that $3.6 trillion worth of crypto assets might now be at risk.
But here’s the truth: 🔹 Bitcoin’s encryption requires over 1,000,000 qubits to crack. 🔹 Google’s current achievement? Just 105 qubits—a significant milestone, but nowhere near what’s needed to compromise Bitcoin’s security.
IS THIS GOING TO BE ANOTHER PULL BACK IN THE MARKET?
MARKET IS ON RAMPAGE AGAIN . --------------_-------------------_----------------- After a sudden liquidation in the market what do you guys thinks where are the prices gonna go? $BTC $ETH $XRP
According to BlockBeats, recent data from Coinglass reveals that the cryptocurrency market experienced substantial liquidations within a single hour on December 8. The total liquidations amounted to $29.08 million, with long positions accounting for the majority at $28.47 million, while short positions saw liquidations of $600,000.
Fellow Binancians, We're pleased to announce an important update to the Binance P2P Merchant Program. These updates are designed to enhance the trading experience for our users by recognizing our most dedicated and trustworthy merchants. The Binance P2P Merchant Program now includes three levels: Bronze, Silver, and Gold. All newly verified merchants will start with the Bronze level, and advance to higher levels based on their performance in the previous month. Bronze: Verified merchants with a solid P2P trading history. Silver: Advanced merchants with positive P2P records and consistent trading volume. Gold: Elite merchants with extensive experience and exceptional records.