$OM Once a pride and flag of innovation and success, prepping to be a big deal. Now it's just a laughing stock. Still did not escape crypto's Ponzi scheme enigma. We will see 0.23cents soon.
Finally, after 6 months of fighting on my trades I can rest now. To @Binance thank you for making my trading experience. Though it was painful, I can't blame anyone but myself.
To everybody out there that are still hoping that in this investment scheme you can be out of poverty or somehow gain extra money, I hope you realized early what I did not. This type of investment provided me some times of hope that one day I can afford a nice car, house or even a good vacation. Only to shatter it with agony and pain. Goodluck to everyone who are still left with portfolio. My last advice is that if u manage to break it even, get out. Invest it with other type of investment available. Crypto is a ponzi scheme run by wealthy people who has advanced knowledge of the market.
Blood bath after blood bath. Manipulation after manipulation, yet we still see a lot of posts that "bull run will start now, today, tomorrow" people, we are being robbed here in this market, yet we are willingly giving them our money. STOP investing.. Now they are harvesting all the money from the market, tomorrow with small pumps and lots of positive news, lots of inflow will come again from the people who are thinking that their coins will make them rich. So they start buying, and guess what, the manipulation will repeat again and again and again.
So please. STOP INVESTING AND LEAVE THIS FULL OF DECEPTION MARKET. You are just planktons here that will be swallowed by GREEDY WHALES
A symmetrical triangle is formed at 2hours TF. Watch out for a breakout, if the upper lever is penetrated, u can place a long position with a tight stop loss, similarly, if it breaks the lower lever then youbcan place a short position, wait for confirmation.
Update guys. I had booked my profit for MKR as it was rejected at $1,179. Coincidentally it also touches the upper Bollinger band. It could signal a downtrend price as it is also weekend.
I hope u got some profits at it's CMP. Trade safely..
The shift of 0.12% of assets to Coinbase and 0.08% to KuCoin suggests that there may be an increase in liquidity for these assets on those platforms. When liquidity increases, it can lead to tighter bid-ask spreads, making it easier for larger trades to occur without significantly moving the price.
Increased liquidity can also attract more traders and investors, potentially driving up demand, which can lead to upward price pressure. On the other hand, if large sell orders occur, the increased liquidity could help absorb the selling pressure without causing sharp price declines. In general, more liquidity tends to stabilize prices, but depending on the market sentiment and the direction of trading activity, it could either increase or decrease the price.
For example, if the assets are being transferred to platforms like Coinbase, which has a large user base, it might signal that there is an influx of retail interest, potentially driving the price up. Conversely, if there's a large outflow to exchanges like KuCoin, which might have different market dynamics, it could indicate that larger traders are moving positions, possibly leading to greater volatility.
In short, increased liquidity can reduce volatility, but it also provides the potential for larger price moves depending on the trade volume and market sentiment.
MKR can slowly increase its price in the next few days..
You can buy at its CMP and hold for a week or a month and sell with 10% profit.