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CoinChaser404
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The profit you are making from crypto is from another person loss
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$SOL Analysis âïž The chart you've shared for SOL/USDT on a 15-minute timeframe shows a significant drop in price, followed by a slight recovery. Here's a detailed analysis: 1. **Price Movement**: - The price dropped sharply from around 158.75 to a low of 149.77 before bouncing back slightly to 150.62. This sharp decline could indicate a potential bear trap, but itâs important to analyze other indicators as well. 2. **Moving Averages (MA)**: - The MA(7), MA(25), and MA(99) are all trending downward, which generally indicates bearish momentum in the short term. The price is below all these moving averages, which suggests that the asset is currently under selling pressure. 3. **Volume**: - There is a noticeable spike in volume during the price drop, indicating strong selling activity. However, the slight recovery in price with lower volume could suggest that the selling pressure might be easing, or it could be a brief pause before further decline. 4. **MACD**: - The MACD line is below the signal line, and both are in negative territory. This is a bearish signal, indicating that momentum is currently in favor of the sellers. 5. **RSI**: - The RSI(6), RSI(12), and RSI(24) are all below 30, with the lowest RSI at 21.73. This places the asset in the oversold territory, suggesting that the price might be due for a short-term bounce. However, if the downtrend is strong, the RSI can remain oversold for some time. **Summary**: - The chart is showing bearish signals, with the price below major moving averages, a negative MACD, and an oversold RSI. The sharp decline in price followed by a slight recovery could indicate the possibility of a bear trap, especially if the price starts to recover above the moving averages. However, if the downtrend continues with increasing volume, it could confirm a bearish continuation. Carefully watch for any signs of reversal, such as a bullish crossover in MACD or a strong RSI recovery, before making any trading decisions.
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At the price of 57,521.65, my $500K USD position is at risk of liquidation. It's important to note that I'm not the only one facing this risk at this price point. If more people are liquidated, the market will fall further. If this trend continues, BTC could experience additional declines. I urge everyone to hold their positions and avoid selling. I haven't sold mine. $BTC
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Tip: Bitcoin is set to hit $65,000 within the next hour $BTC
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$BNX has the potential to reach $2 within the next 24 hours.
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đž Top 3 Cryptocurrencies to Invest in for 2024 đž 1. $TRX (Tron)**: Currently trading at $0.1363, TRX has experienced a substantial 7450.4% increase from its lowest point. It is the primary token of the Tron blockchain system. 2. $NOT (Notcoin): Currently valued at $0.01487, NOT has surged by 222.1% from its lowest value. It is one of the successful Telegram-based crypto tokens. 3 $AMP (Ampera)**: Priced at $0.004236, AMP has risen by 202.2% from its lowest point. It is the primary token of a DeFi protocol.5. **NOT (Notcoin)**: Currently valued at $0.01487, NOT has surged by 222.1% from its lowest value. It is one of the successful Telegram-based crypto tokens.Remember to conduct thorough research and follow market trends before investing in any cryptocurrency.
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