with the cryptocurrency hitting a four-month low at $4.79, following some major drama.
The arrest of Telegram's co-founder and CEO, Pavel Durov, in France has sent shockwaves through the Toncoin ecosystem, dropping its value by 8.5% in just 24 hours.
Over the past month, TON has tumbled by 20%, leaving investors nervous and dropping its market cap ranking to 10th place.
Durovâs arrest stems from accusations that Telegram failed to moderate illegal activities like drug trafficking and money laundering on its platform.
Although heâs been released on bail, the legal heat has shaken faith in TONâs future. Even though Toncoin had been up 166% over the past year, most holders are now feeling the pain, with 70% of them holding TON at higher prices than its current value.
To make matters worse, the TON network has been experiencing its own set of hiccups.
A dog-themed meme coin launch last week caused the network to stall for over three hours, evoking memories of Solanaâs notorious outages.
These network issues are raising eyebrows about whether TON can handle the increasing load as more users flock to the platform.
Despite Telegramâs efforts to integrate TON wallets and boost user engagement with crypto games, it hasnât been enough to maintain the momentum.
The total value locked (TVL) on TON has plummeted from $776 million in July to $333 million today.
Itâs clear the TON network has some serious growing pains as it fights to prove it can stand strong beyond just its Telegram roots. Will it bounce back, or is this just the beginning of its struggles? Time will tell!
Now, let's talk about Bitcoinâs mood swings in September. Historically, September has been a gloomy month for BTC, with an average return of -4.69%.
Analysts are warning of a potential sub-$50K correction this weekend, with former BitMEX CEO Arthur Hayes cheekily admitting he's placed a short bet, hoping the crypto gods are on his side.
But it's not all doom and gloomâsome believe that this dip could lead to a breakout thanks to a developing cup-and-handle pattern, which often signals an uptrend in the making.
So, while the short-term might feel like a rollercoaster ride, long-term traders might want to keep an eye on this bullish setup!
Zooming out a bit, this shakeout could just be another stop on Bitcoinâs cyclical halving journey.
Itâs been seen before, and those whoâve weathered the storm know the drill: HODL tight and ride the waves, because cryptoâs volatility, while nerve-wracking, also brings opportunity.
But hey, this is cryptoâwhere fortunes are made and lost before breakfast. Strap in and trade smart!
Stay hopeful & Stay Calm Trade Safely My Dear Friends,
Many say itâs too risky, but think of it like flying an airplane.
If you donât know how to fly, you wouldnât say flying is dangerousâyouâd say you need to learn.
The same goes for day trading: itâs all about mastering the skill. Once you do, it can be incredibly profitable.
To succeed in day trading, you need to focus on four key areas: Technical Analysis, Money Management, Trading Psychology, and Execution.
Think of these as the four wheels of a carâmissing just one can throw you off track.
Technical Analysis involves studying past price movements to predict future ones.
Itâs like solving a market puzzle, and once you get the hang of it, it can be pretty rewarding.
Money Management is about protecting your capital. Even if your trading strategy isnât perfect, limiting your riskâlike not losing more than 2-3% on a single tradeâcan keep you in the game.
Trading Psychology is the mental aspect. The market can mess with your emotionsâgreed, fear, regret, and hope.
Staying level-headed is key, and tools like backtesting, meditation, or a trading journal can help.
Finally, Execution is where it all comes together. Itâs not enough to know what to do; you have to do it consistently.
Focus on executing one profitable strategy well rather than chasing every opportunity.
In short, day trading isnât about luck; itâs about skill, discipline, and the right mindset. Get these down, and youâre on your way to success.
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>>>>IT's Called STOP-TRAILING! âš
Alright, picture this: Youâre riding the crypto wave, and things are looking goodâprices are climbing, your walletâs getting fatter, and youâre feeling like a genius.
But wait, the marketâs unpredictable, right?
One minute you're up, and the next, the tide turns.
This is where the magic of a "trailing stop" comes in.
Imagine a trailing stop as your loyal bodyguard in the wild west of crypto trading.
It follows your trade as the price rises, maintaining a safe distance.
Letâs say you set it at 5%. As the price of your coin goes up, the trailing stop moves up too, always staying 5% below the peak.
But hereâs the kickerâif the price starts to fall, the stop stays put. It doesnât trail downwards, it only trails upwards.
So, if the price suddenly drops by more than 5%, your trailing stop kicks in and sells your position, locking in your gains before things get worse.
Itâs like having a friend who knows when to drag you out of the party before it gets too crazy.
This way, you can ride the waves of the market with confidence, knowing you've got a safety net to catch you when things start to dip.
In the Binance world, mastering the trailing stop can be your secret weapon.
Itâs about playing smart, protecting your profits, and staying in control even when the market wants to throw you off balance.
So Next Time, if you start riding the WAVE
Never Forget to use the POWER of STOP-TRAILING!! đđȘ