The bulls dumped most of the altcoins to buy at a cheaper price. Most of the coins holds its support which is a really bullish indicator. The value of dump was still not big which represents it was intentionally done to push the price down for a big change.
Don't loose hopes. I understand alot of people are frustated because of these big candles. They getting liquidated or stop loss is hitting. But if you really want to make money in this situation, then stick to Spot trading. Alot of coins with great potentials are on sale. Take the benefit of that. Don't allow big player take your money.
FYI, its not always whales sometimes platforms also do this quick dumps to restore their money stuck in futures from long time.
LIVE
salchi
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The Volatility of Cryptocurrencies: A Lesson in Risk
Cryptocurrencies are celebrated for their innovation, but their high volatility presents significant risks. Imagine Bitcoin (BTC), the leading cryptocurrency, dropping from almost $100.000 to $90.000 in just one minute. Such a drastic movement isn’t uncommon in the crypto market.
This type of volatility can result from low liquidity, sudden market reactions, or large-scale trades. For inexperienced investors, these swings can mean massive losses in seconds.
The key takeaway? Crypto investments require caution. Diversify your portfolio, use risk management strategies like stop-loss orders, and never invest more than you can afford to lose. Remember, in the crypto world, rapid gains come with the possibility of rapid losses.
Three days, I already shared with all of you to liquidate some holdings of XRP, now you can see the price. It can go below 2$ as well in this month. Be prepared.
All the best 😉😉
LIVE
Tish Durand g53U
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Hi Folks,
Just a suggestion, don't fell in the trap of FOMO for XRP, it could dump anytime.
In last 2 days it showed more than 100% return, without showing any resistance at any level. This is not a good signal as it could be a pump and dump trap, where you will lose all your money. So be careful. If there is a pullback of 30 - 40% then maybe a small trade will be a great opportunity.
In the meantime, DOT showed a good support around 8.5$ after last night pull back, after which it pulled itself above 9$ mark which shows strong bullish intend of buyer. It would be a good opportunity for the trade.
NOTE: Please take the trades on your own risk. Avoid taking high leverage.
As I already hinted about DOT pull back from 11.7$, but the good news is that 24hrs volume is doubled for DOT from 1.2B$ to 2.35B$, which shows attention. Good Luck😉
LIVE
Tish Durand g53U
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Bullish
Attentions Folks,
Next level for DOT is 11.7$, As we have our 200 weekly moving average around 11.7$ where we can see some resistance due to stop loss and sellers.
One important news about the Bitcoin, There is a high possibility that we will not see a big drop in BTC this time as world has accepted the crypto now, then instituational investor is holding a big chunck of bitcoins now, which they accumulated when the price was around 15-16k $. There will be a still a pullback coming which will take us to 80s again.
Trade at your own risk. Avoid taking big leverage.
Next level for DOT is 11.7$, As we have our 200 weekly moving average around 11.7$ where we can see some resistance due to stop loss and sellers.
One important news about the Bitcoin, There is a high possibility that we will not see a big drop in BTC this time as world has accepted the crypto now, then instituational investor is holding a big chunck of bitcoins now, which they accumulated when the price was around 15-16k $. There will be a still a pullback coming which will take us to 80s again.
Trade at your own risk. Avoid taking big leverage.
If you are trading with DOT, there is a resistance around 10.4$ if DOT cross it successfully then we can see a long jump in price like we saw in 2021 which ended around 55$.
The current daily volume is around 1.7B $ which is supporting the bullish trend and the weekly RSI values are also in support to bullish trend.
Trade safely with small leverage as there could be a pullback from resistance.
Just a suggestion, don't fell in the trap of FOMO for XRP, it could dump anytime.
In last 2 days it showed more than 100% return, without showing any resistance at any level. This is not a good signal as it could be a pump and dump trap, where you will lose all your money. So be careful. If there is a pullback of 30 - 40% then maybe a small trade will be a great opportunity.
In the meantime, DOT showed a good support around 8.5$ after last night pull back, after which it pulled itself above 9$ mark which shows strong bullish intend of buyer. It would be a good opportunity for the trade.
NOTE: Please take the trades on your own risk. Avoid taking high leverage.
How many of you believe, trading platforms are misusing or sharing our trade data which make it even difficult for users to make some profit out of it.
The problem is not with the market the problem is with high leverage. I always suggest everyone avoid taking high leverage. Leverage more than 3x in crypto is very unpredictable.
LIVE
Leontine Janick cJkn
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market is crashed. it is going dip. how it is bullish. I lossed $100 in 1 day in bonk. it does not seems it will reach up.
Its always hard to understand the market behaviour. Till now the AltCoins are holding themselves. The current sell we are seeing doesn't have enough volume which signifies majority is still bullish and looking forward for new highs. If you are selling your portfolio at this situation then you are just giving others the opportunity to buy at a discounted price. Most of the coins are not even close to their ATH, there is high chances that we will see a good recovery very soon in Alts.