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SKN Traders
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Sharing with love, Free Gifts for you... Go to my pin post and click on the link and then Comment done.

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This week, all eyes are on Wednesday's release of the U.S. inflation data, which will influence the Federal Reserve's actions. Currently, there's a buying position on Binance, indicated by a green band after the 11:00 candle. On Coinbase, despite the price hovering around $60,400, the band hasn't turned red yet, signaling a continued buying position. The recent increase is attributed to longing in futures markets supported by spot purchases. While this doesn't suggest significant inflation, it's essential to monitor where these movements originate. Ideally, if Coinbase starts buying, it could provide more stability to the rises. Stay tuned for updates as we navigate this potentially volatile week. #BTC #altcoins
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"5 Signs You Might Struggle in Crypto: 1. Ignoring Stop Losses: If you disregard stop losses because you're convinced of your infallible predictions, you might be setting yourself up for trouble. 2. Blindly Trusting Online Signals: Relying solely on online trade signals without understanding the market can be risky. It's important to do your own research. 3. Favoring Whale Dominated Tokens: While it's tempting to follow tokens influenced by whales, remember that their actions can heavily impact prices, leading to unpredictable outcomes. 4. Impatience: Success in crypto often requires patience. If you expect instant results and quickly jump from token to token, you may miss out on long-term gains. 5. Buying at Peaks: Trying to catch a pump at the top can be tempting, but it's a risky strategy. It's essential to avoid FOMO and make informed decisions based on market analysis. Remember, success in crypto requires diligence, research, and patience."
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To identify a potential x100 altcoin: 1. Ensure the market cap is under $50 million. This target allows for significant growth potential, with $5 billion being a feasible goal given strong fundamentals. For example, Pitbull currently boasts a market cap of only $30 million. 2. Verify the token's security against rugs and scams. Confirm that the liquidity is inaccessible and thoroughly check the contract to prevent exploitation. 3. Prevent whale manipulation by examining the token's contract to ensure no individual holds more than 10% of the supply, except for exchanges or dead wallets. Pitbull maintains a distribution without any single wallet holding more than 1.4%. 4. Look for deflationary mechanisms. Tokens should have a burning mechanism in place, such as Pitbull's 2% burn rate per transaction. With 66% of its tokens already burned within three years, it demonstrates robust deflationary features. 5. Assess community support. A strong altcoin should have a sizable community with at least 10,000 holders and availability on major exchanges. Pitbull boasts a community of over 524,000 holders and is listed on numerous top exchanges. It's even nominated for inclusion on Binance Futures, demonstrating its growing popularity and potential for widespread adoption.
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