PROM/USDT is showing strong short-term momentum, currently trading at 6.654 USDT, up 1.32% in the past 24 hours. With a 24h high of 6.874 USDT and a 24h low of 6.474 USDT, traders have clear levels to strategize their entries and exits. The 15.05% gain over the past 7 days and a 23.45% increase in 30 days signal a bullish trend, creating opportunities for breakout traders. A move above 6.874 USDT could open the door for further gains, with 7.00 USDT as the next resistance. Meanwhile, 6.474 USDT serves as a key support level, making it ideal for setting stop-loss points. By leveraging indicators like Moving Averages (MA), Bollinger Bands (BOLL), and MACD, traders can confirm momentum and fine-tune their strategies. With growing volume and consistent price action, $PROM /USDT presents an exciting trading opportunity for those ready to capitalize on market movements while maintaining strong risk management. #InfiniHacked #SaylorBTCPurchase #EthereumRollbackDebate #ETHPriceWatch #Write2Earn! $PROM
This kid has no idea what he is talking about , apparently an order book is enough to analyze a multi-trillion dollar asset trade đ¤Ś
Effective Trading
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Bullish
Bitcoin Update
I had already told you that a huge dump was coming, and that's exactly what happened. You can check my post and its timestamp.
And after that huge dump, I immediately predicted a long position, saying that BTC would go upâand that's exactly what happened, just as I analyzed based on the order book. But some people here donât even understand the order book.
Iâm sharing high-quality analysis with you all, but youâre not focusing. I clearly stated that BTC would move from 90K to 100K, then cross 100K and head towards 120K. Now, it has reached 100K, and next, it will go to 120K.
Save this post and watch it happen.
Another's Opinion & Analysis
After a crazy dump of market, we are now seeing this kind of a short squeeze in the market as well.
It's normal behavior that after bunches of the longs are getting squeezed, the short sellers will also getting squeezed. That's why we are seeing this choppiness in the market as well.
Good thing is that price has reclaimed back above the 200 EMA on the 8 hour time frame and is now attacking the middle level of this consolidation range.
Short squeeze at manipulated market often followed by the strong liquidity inflow in the market. It's potentially what's going on right now.
A reclaim above the $100k can lead the price further to the top of the range again at $108k region.
Are these two whales/institutions shorting ETH? They borrowed 45,800 ETH ($154.71M) from Aave in the last 10 hours and transferred it to Binance.
â0xc09...819 address borrowed 34,000 ETH ($114.85M) in the last 6 hours and transferred it to Binance; Address: 0xc0979af67786f30dea9335665592d6813b21b819
â0xb99...cf5 address borrowed 11,800 ETH ($39.86M) in the last 10 hours and transferred it to Binance. Address: 0xb99a2c4c1c4f1fc27150681b740396f6ce1cbcf5