I wanted to share my current strategy for Dogecoin, as I'm seeing some promising price action. Hereâs the breakdown:
Current Position
Iâve opened a **long position** with **10X leverage** at an entry price of **$0.127066**. With a higher liquidation level at **$0.12958**, I believe we might see a price push upwards to liquidate those positions.
Target Price
Iâm aiming to take profits at **$0.12958**. This level aligns well with the liquidation point, which could create upward momentum.
XRP Trading Update: Short Position Strategy : $XRP
Hey Binance community! đ
I wanted to share my current strategy for XRP, as I'm seeing some interesting price action. Hereâs whatâs happening:
Current Position Iâve opened a short position with **10X leverage** at an entry price of **$0.6546**. With significant liquidation levels around **$0.6143**, Iâm confident that we could see a downward move.
### Target Price My target is set at **$0.6015**. I believe this level is achievable based on current market dynamics and technical indicators. Itâs all about timing the market right!
Strategy Overview - **Entry Price:** $0.6546 - **Leverage:** 10X - **Target Price:** $0.6015 - **Liquidation Level:** $0.6143 Iâll be monitoring the market closely to adjust my strategy as needed. What are your thoughts on XRPâs movement? Letâs discuss! Happy trading! đ°
Liquidation Levels and Future Projections As of now, Bitcoin (BTC) is trading at approximately $65,480, showing heightened market activity and increased liquidation levels. With the current volatility, many analysts predict that Bitcoin could soon reach the critical liquidation threshold of $65,000, which may trigger further market dynamics. ## Bitcoin's Liquidation Levels Bitcoin's recent price action has been marked by significant liquidations. The higher the liquidation levels, the more susceptible the asset becomes to sharp price movements. This is particularly pertinent as traders who are heavily leveraged may be forced to exit their positions if Bitcoin dips below the $65,000 mark. Such liquidations could create a cascade effect, leading to more selling pressure and driving the price down temporarily. ### Price Projection With the current price hovering around $65,480, Bitcoin is in a precarious position. If it reaches the liquidation point of $65,000, it may not only trigger forced selling but could also push the price lower as market sentiment shifts. Traders should be prepared for potential volatility in the coming days, as any breach of this level may lead to a rapid decline, further exacerbating the liquidation scenario. ## Ethereumâs Trend and Potential Dip On the other hand, Ethereum (ETH) is currently priced at approximately $2,655. Market analysis suggests that ETH may experience a minor pullback, with projections indicating a potential dip to around $2,614 or even $2,612. This anticipated decrease could be a result of profit-taking by traders or a broader market correction, especially in light of Bitcoinâs volatility. ### Technical Analysis Ethereum has shown resilience in its price movements, but the correlation with Bitcoinâs performance is undeniable. If Bitcoin experiences a downward trend, Ethereum may follow suit, leading to a testing of support levels near $2,614. Traders should monitor these levels closely, as they may offer a buying opportunity if the market shows signs of stabilization.
Bitcoin price prediction at 26 September 2024 at 8:12PM IST
Long and short positions to enter:
đšShort position : 65,100 to 65,600 ( If price will be in between nothing to worry, it may again come back down)
Leverage: 5-10X
Closing position : $BTC 63,778
Reason : More than 100Million liquidation will be done. So, the price will come down to liquidate those entries.
đ§żLong position : I better suggest not to enter in long today anymore until it reaches 63,800.
There are many positions where we can enter but you need to have more technical analysis for that. So, I suggest whoever new and beginner level not to enter any positions.
I always give Bitcoin predictions because I trust bitcoin, I feel so safe to trade bitcoin rather than other coins.
Gaining constant daily income in Bitcoin is easy than gambling with other coins.
Note: Donât use higher leverage. I suggest 5-10X leverage. Donât trade entire capital at a time. No one became millionaire in single day.
Iâm entering a short position at $64,450 with 15X leverage with 5% of my capital.
There isnât much left to liquidate. So, I feel bitcoin will come down. It will wonât happen max or try to reach 65,000 and will pull back down. If it reaches $BTC 65,130 then the house gets 49Million liquidation from current price.
If the downtrend starts from now then there is higher amount of liquidation will be there.
At $64,690 - 14Million At $63,200 - 20Million At $62,450 to 62,550 - 45Million.
Long position : 10X Leverage : 5% of capital : Entry price - $BTC $63,100.
Short position : 10X Leverage : 5% of capital : Entry price - $BTC at $64,372.
I already did these in my open orders and waiting for them to trigger with the prices.
Try always to exit a little early once you gain the profits. Earning a constant income per month is more important than gambling because the house(creators and investors) always wins whatever we do at the end.
Whether its bullrun or bear run the house always wins. If you are trading in the futures, dont go for long run just close it whatever you get or stick to stop loss.
When to enter Long postion and when to enter Short postion in Bitcoin on 25-09-2024.
When im writing this article the bitcoin price is at $63,800.
If you want to open Long position, then you need to wait until it $BTC reaches to $63193. I entered my position right now at 63,488 but i add more if it reaches to $63,193 and i will close my postion at 64200.
If you want to open Short position, then you need to wait until $BTC reaches to $64,976 to 64,264. There is higher chances for BTC to reach 64,976 and then comes down. I preper not to enter below these prices.
Important points. 1. Leverage 3-10X 2. Enter with only 5-10% of the capital. If you are having $1000 USDT, enter in to the position with 50-100USDT with 10X leverage. Margin becomes $1000. I suggest to enter with 5% of the capital for each trade.
Bitcoin's price might drop soon, and there are a few reasons for this. Right now, there's a lot of liquidation happening between $63,754 and $63,499. This means that many traders who borrowed money to buy Bitcoin could be forced to sell if the price falls.
If Bitcoin's price goes down to about $63,000, experts think around $40 million to $60 million worth of trades could be liquidated. This means a lot of people will have to sell their Bitcoin quickly, which can push the price down even more.
In a market that changes quickly, these situations can happen often. Traders need to pay attention to these important price levels because a sudden drop could lead to big losses. It's important for investors to think carefully about these risks when making trading decisions.
Ethereum co-founder Vitalik Buterin has revealed that he still needs to solve at last two major issues â governance and membership â to make his âpopup cityâ or ânetwork statesâ concept workable.
Speaking at the Network State Conference 2024 in Singapore on Sept. 22, Vitalik Buterin explained the theory behind ânetwork statesâ â a movement where online communities come together to form physical communities and seek political autonomy.
The mathematician reflected on his experiment called Zuzalu for which involved bringing 200 people from the Ethereum community, crypto executives, biotech entrepreneurs, and scientific researchers into Montenegro from March to May 2023.
The goal was for people to work together to solve collective problems like human longevity.
âBring these people together for 60 days, try to be a city, and then see what happens,â said Buterin.
He said that people enjoyed the experience, which involved healthy eating, cold plunges, and lots of yoga, and that the human element was crucial. However, he added that it was âunclear what immediate next step Zuzalu implied,â and governance issues were not solved.
Buterin explained that these states could have their own regulations that serve their citizens and could reject over-regulation that stifles progress (as seen in the West), however, it was not clear from the experiment how to proceed with implementing them, he said.