Since last summer, this coin has shown quite an impressive performance, but it has currently entered a correction, just like most altcoins.
From the current levels, I would not consider this asset for purchase if you are trading in the medium term, as the potential for movement is limited; it was better to enter last year.
However, it is a good asset and could offer a couple of multipliers in the long term. If the correction prolongs, the area around $200 looks much more attractive for accumulating positions.
I consider this project to be speculative, as it often faces serious difficulties. However, the regular pumps of X2 - X3 indicate a possible accumulation and explosive growth of the asset in the medium term.
In the chart, I have marked several pumps of the asset. Overall, the project is not bad and could be a good addition to the portfolio, but ideally, one should have bought from the $0.9450 zone. Now I only recommend taking 30% of the funds allocated for this project.
It is important to understand that it is very volatile, and a 50% drop is normal for it. I do not recommend holding it completely after doubling your investment (take out the initial capital and then keep the rest until reaching targets around $5 or more). Have an excellent night 🔥
I consider this project to be speculative, as it often faces serious difficulties. However, the regular pumps of X2 - X3 indicate a possible accumulation and explosive growth of the asset in the medium term.
In the chart, I have marked several pumps of the asset. Overall, the project is not bad and could be a good addition to the portfolio, but ideally, one should have bought from the $0.9450 zone. Now I only recommend taking 30% of the funds allocated for this project.
It is important to understand that it is very volatile, and a 50% drop is normal for it. I do not recommend holding it completely after doubling your investment (take out the initial capital and then keep the rest until reaching targets around $5 or more). Have an excellent night 🔥
But how are you going to give money to someone on Telegram that you don't know, huh?
Danni10
--
People, Luis García scammed me on Telegram, he made up a story about investing 2100$ Uruguayans, then he made me pay 4000$ pesos, (90 dollars) and then he wanted me to send him 199 more dollars!! Don't fall for it. In the first photo, everything was supposedly ready and then he comes at me with the 199 dollars payment demand I was left with nothing in my pockets!
❌ Liquidations in the market over the last 24 hours, CoinGlass: ~94K traders liquidated, with a total of approximately ~$311M: ~45% in long positions and ~55% in short positions.
There are some slight attempts to bounce from support, but even if buyers manage to initiate a rally, with this pressure it will be difficult to surpass 100K 🫱
Therefore, the most logical thing would be for BTC to drop a bit more, to find stronger buyers, accumulate the necessary liquidity, and then gradually continue its upward movement.
❗️ Remember: BTC panic sales during market corrections create "ideal conditions" for medium and long-term accumulation.
For this coin, I consider a move that more fully fills the order block zone to be more relevant. At the same time, liquidity will be collected, which will give greater potential for an impulsive turn.
BTC here in TF 4h made a double top at the resistance line and a bearish divergence of the OBV, but the red candle it generated is low volume and does not fall below MA 5. See evolution in TF 1h.
Don't go into futures if you don't know how it works. You'll lose everything
Kind regards, Andy
Loyce Dues H60F
--
Do you recommend that I get into futures with this capital? I have been trading in spot. But the truth is that I have no idea how futures work. I just got the hang of spot. Buy low, sell high. But the 2dlls profits are eaten up by Binance's commissions, which charge colossal amounts for those who put a low capital into the platform.
❌ Market liquidations in the last 24 hours, CoinGlass: ~133K traders, totaling ~$371M — ~70% in long positions and ~30% in short positions.
With no significant changes on the chart, we are still near support and watching the reaction of buyers, if any. If not, we will be on the lookout for a breakout and decline towards the 87-85K area.
👀 Let's look at the bigger picture: even if BTC drops below 80K, it would still be an acceptable correction. I'm not counting on this scenario for now, but I'm prepared if it happens.
🤔 It's crucial to eliminate long positions accumulated since November 2024, as they prevent the market from going up. People need to be scared into selling their coins to stronger buyers. How do you do that? By going so low that buying is scary. Think, at what levels would you feel panic and doubt about the future growth of the market?
The project is about games and largely depends on BTC and the trend in gaming, which is currently not at its best moment. In the chart, a prolonged accumulation can be seen since May 2022. Generally, this type of accumulation ends with strong movements.
I highlight the volumes: there is a noticeable growth and regular peaks, indicating that the coin is being accumulated in the spot market. From the current levels, one can invest 0.3% of the deposit and place another limit order in the area of $0.02104.
For me, this is pure speculation, as the project itself is weak and not very popular. If you check all the key metrics (number of users, unique users, etc.), everywhere you will see a significant drop.
Kisses, Andy 😘😘😘💕
If you liked the post, you can show support with a small donation in my Binance Pay (QR) which will be used to pay for oncological treatment.