Balancer is an automated market maker developed on the $ETH blockchain and launched in March 2020. The Balancer protocol functions as a self-balancing weighted portfolio, price sensor, and liquidity provider. It allows users to earn profits using the $BAL token by contributing to custom liquidity pools.

The protocol manages several types of pools:

🔸 Private pools give the owner the ability to manage the pool and make it the only source of liquidity in the pool. In addition, all parameters are changed by the owner. Shared pools are for those who want to become liquidity providers.

🔸 Smart pools are similar to private pools, but are managed by a smart contract. They also reward and allow anyone to contribute liquidity to the pool.

🛠️ During the bear market period of 22-23. the coin was reduced by -96% from the historical maximum. Starting October 2023 A large volume has begun to enter the BAL (at the level itself), which gives a strong signal for an early reversal. According to technical analysis on the daily time frame, the coin is just entering the overbought zone (70). On the weekly frame - neutral (53).

💼 Buying BAL for your average overnight portfolio.

🔎 Ticker: $BAL

✳️ Entry price: $4.2

🛡 Stop loss: it is better to take a deal without a stop in investment

💼 Volume per transaction: up to 1-2% of the crypto portfolio.

🎯 Goals: $8.4 (speculative), $20 (until September 2024), $34 (until the end of 2024)

📈 Transaction growth potential: up to 700%

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