$SUN 🔹 NEXT Everyone was looking at the historical high of $260. They thought we would break through and immediately reach $500. If the buyers had enough strength, we would have seen a confident exit above $260 and the price holding for at least a few days. This would show that investors continue to hold the asset. But what happened? The price stupidly removed liquidity at this level, and everything fell to $175.
If anyone doesn't know, this is a token from the Ukrainian auditor Hacken, who takes care of crypto enthusiasts and ensures the security of crypto projects, provides audit services, bug bounty programs and many other interesting things.
The token has been trading since 2021 and has been doing well lately, although it is a few ticks from ATH
I still think it has potential, so I decided to pick it up on the spot and at the same time support a useful Ukrainian product
If anything, the token is traded on KuCoin, Gate, Mexc and it was also listed on WhiteBIT an hour ago
+at the last AMA the team talked about listing the rally with the main goal of entering the top exchange. So what happens next should be very interesting.
Also, a few months ago, the team released the Flash Pools platform, with staking pools up to 180% APY.
#BTCNextMove What is happening now is the usual market clearing, they sold the bulls, they sit and rest while others are freaking out. So I can say that the illustration is not the best, but for someone this is the moment to buy another viola and bulls in their portfolio, so don't worry, in a few days everything will be as it was or even better ☝️ 🚀 $BTC
I prepared some info about the fear and greed index 😈
This index shows the emotions of traders and how much they are willing to risk.
📉 0–50 – fear: everyone is afraid and drops coins; 📈 80–100 – greed: everyone wants to buy so as not to "miss the moment".
When everyone is afraid – this is often a good time to buy. When there are more bullies – the market may be overheated, and the risk of a fall increases.
Example: 📅 11/22/2024 – index 94, and a few days later bitcoin fell sharply from $99,600 to $90,800;
From my experience, I can say that the index shows the market mood well when bitcoin updates key highs or lows.
It is useful to use it only for general analysis of long-term forecasts (but not for traders trading intraday).
I dug up an interesting chart with statistics from large funds. Hedge funds are actively accumulating short positions in Bitcoin, and on the contrary, in Ether, they are buying up the entire issue from the market at the most active pace.
Therefore, my forecast for the near future is a decrease in Bitcoin dominance and a transfer of money to altcoins, the first in line is $ETH
MicroStrategy will only go bankrupt in the event of an asteroid hitting Earth — CEO of CryptoQuant
According to him, over the past 15 years, the price of $BTC has never dropped below the average purchase level of long-term whales, which is currently around $30,000.
MicroStrategy's debt is $7 billion, while the value of their $BTC BTC is $46 billion. Even considering only the value of the bitcoins, the liquidation point will be reached if the price of the first cryptocurrency drops to $16,500.
If your coins are not yet in the "alt season" stage, it's time to sell everything and take what has already given +500-1000% in a month. And then, according to tradition, record the loss and buy back what you have poured. Everything is clear, like in a textbook.
💡 Stop loss — why it is important and how to use it
Stop loss is your protection against unplanned losses. It closes your position if the market goes against you.
📌 Why is it needed? If you don't set a stop, you can lose everything. Don't open a deal without it.
📌 Where to set a stop? Don't set a stop "anywhere". You need to set it behind an important support or resistance zone, best of all after some manipulation (liquidity withdrawal)
Here are two options: • on one, the stop is behind the support level of the withdrawn liquidity, and if the price receives a correction, the probability of keeping the position is high.; • on the other — a short stop, because of which most participants quickly incur losses. Binance CEO sees these stops and as usual, takes the hamster stops, sending the price to the take🤣
🤝 Tip: Placed a stop at some support on the chart, but not in the void
The situation is recovering a little, I started to worry because I bought it at you know at what prices, but everything passed $BTC leveled off, then an increase is promised, maybe up to 105k, here it will be possible to sell to those who are engaged in short-term trading, or maybe scalping. I would also like to note that $ETH has started to climb again, it is possible to reach 4k by the end of the week. As we can see, the viola $MOVE has been restored after its listing, it will also go up together with other violas. And there will be what will happen 🤓
$BTC bit is falling more and more smoothly, the viola is growing a little against this background, yesterday I took $MOVE on the listing and it is already going well, I also decided to take $MEME but something went wrong with it, I will wait for a little at least 5% increase until the end of the week😜🫵🏻
Lisk is an old crypto that launched in 2016 and is currently developing an L2 blockchain
Of course, such a project already has a token and it is traded at 1.38$ on top exchanges, including Binance
Why is the farm without competition? Because there are high requirements for users:
1. 30+ Twitter followers, 2. Discord and GitHub created before June 1, 2024 3. Gitcoin Passport 20+ speed
Besides us, most users do not have such high-quality AKs, so let's continue
1. To participate, connect a wallet on the website 2. Register through Guild 3. Enter the AXAJPa code 4. Next, we perform tasks and super tasks (they are paid the most)
This campaign started a week ago, and the rewards ($21 lam) will be distributed already in the first quarter of the New Year, so I advise you not to waste time
By the way, supertasks are paid every 2 weeks, so you don't have to wait long