Capitalizing on a 1:2 Risk-Reward Ratio: Successful Breakout in #AXL/USDT $AXL
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The AXL/USDT trading pair has recently demonstrated a strong upward movement, as seen in the 1-hour chart. After consolidating within a range around $0.5176 to $0.5509, the price broke out and surged to $0.6129. This move highlights a favorable risk-reward ratio of 1:2, where the potential reward (the green zone) is twice the size of the risk area (the red zone).
Traders who identified and executed this setup have effectively managed their risk while capitalizing on the market's bullish momentum. The breakout above the resistance level at $0.5509 was key to this movement, providing a solid foundation for the price to target higher levels. If the momentum continues, the next target could be further upside beyond the current high of $0.6170.
This 1:2 risk-reward ratio setup is ideal for traders who aim to balance risk management with the potential for significant gains, making it a successful strategy in this instance. Congratulations to those who executed this trading plan with precision!
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research before making any trading decisions.
#BecomeCreator #6thTrade #Market_Update #MarketSentimentToday
**Bitcoin's Volatile Market: Bulls vs. Bears**
Bitcoin has experienced significant price fluctuations recently, hovering around the $60,000 mark. Traders are eyeing the $62,000 level as a critical resistance point. If surpassed, Bitcoin could target $65,000 or higher. Analysts suggest a potential "short squeeze" could drive prices up rapidly.
The U.S. Federal Reserve's hint at possible rate cuts provided a temporary boost to Bitcoin. Lower interest rates generally make riskier assets like BTC more attractive. However, the market's response was modest, and Bitcoin remains within its current trading range.
Technical indicators present mixed signals. The stochastic oscillator suggests an "overbought downturn," indicating the recent uptrend may be losing momentum. Other indicators like the MACD also hint at a potential decline, suggesting Bitcoin could face a price drop in the coming weeks.
The next few weeks are crucial for Bitcoin. Bulls aim to push past $62,000, but strong resistance and bearish signals could lead to a price dip. The crypto market remains unpredictable, and Bitcoin's journey is far from over. Keep an eye on market developments and Fed announcements for further insights.
Shiba Inu Price Rally Imminent After SHIB & NEIRO Collaboration Rumors
Shiba Inu (SHIB) price, a popular meme cryptocurrency, has experienced a notable price increase as the broader market shows signs of recovery. The SHIB is on a path to regain its previous momentum as market conditions improve.
The digital asset has exhibited positive dynamics, indicating a potential for further upward movement. With several optimistic indicators, Shiba Inu appears poised for additional gains, reinforcing its market strength.
Shiba Inu Price Endorses Neiro, a Fresh Meme Coin
Shiba Inuâs X account has recently shown support for NEIRO, an emerging dog-based meme coin. Neiro has connections to the creators of the original Dogecoin meme coin, further linking it to a lineage of canine-themed cryptocurrencies. As Shiba Inu engages with Neiro, there is speculation that this could significantly impact its market value. Given the buzz around this partnership, many in the cryptocurrency community are keenly watching the developments. As these digital assets become more intertwined, potential investors are speculating on the impact this relationship could have on their investments.
the Shiba Inu price has shown a promising upward trajectory, indicating a bullish trend. The meme coin has been hovering between a high of $0.00001421 and a low of $0.00001355. The SHIB price hovered at $0.00001421, making a slight surge of 4% on Thursday. This aligns with other crypto markets experiencing a rebound, suggesting a broader recovery in the digital currency landscape.
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SunPump Overtakes Pump.Fun on $TRX đđ„
In a major development, SunPump, a memecoin deployer on Tron, has surpassed its #Solana -based rival Pump.Fun in terms of revenue and token launches. đđ
Key highlights: đ»đđ
(1) Revenue: SunPump generated $585,000 in revenue in just 24 hours, compared to Pump[dot]Fun's $366,000. đ°
(2) Token Launches: SunPump saw 7,351 tokens launched, while Pump[dot]Fun managed 6,701.đ
(3) Network Growth: SunPump's popularity has driven an influx of traders to the Tron network, surpassing Solana in terms of active wallets.đ€
(4) Higher Graduation Rate: More tokens launched on SunPump are making it to Tron's Sunswap exchange, indicating a stronger ecosystem. đ
Standout tokens like Sundog have seen significant gains, reaching a market cap of $204 million. đȘ
This development underscores the growing competitiveness between different blockchain networks and the potential for innovative projects to emerge on emerging platforms. đđ„
What do you think about SunPump's success? đ Is it a sign of Tron's growing strength, or is it just a temporary trend? đ€· Let's discuss! DYOR!
Source: BSCN
đą India's Crypto Regulation Consultation Paper: Key Insights đą$ETH $SHIB $BNB đ‎ïžđȘ
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đ India's Department of Economic Affairs is set to release a consultation paper on crypto regulation đ between September and October 2024 đ, inviting public input đŁïž for a crypto regulatory framework in the country.
đ€ This move comes amid heightened scrutiny đ as the largest local exchange, WazirX đ, recently faced a hack đš, losing $230 million worth of digital assets đž.
đ Key Insights:
đŁïž Public Input: Inviting feedback from various stakeholders đ€
đ Stakeholder Feedback: Seeking input from experts, exchanges, and users đ
đ Regulatory Framework: Establishing a unified approach to regulating crypto assets đ
đš WazirX Security Breach: Highlighting the need for robust regulations đš
đ What's Next?
đ Consultation Paper Release: September-October 2024 đ
đŁïž Public Feedback: Inviting comments and suggestions đŁïž
đ Regulatory Framework Development: Creating a strong framework for crypto regulation đ
đš The upcoming consultation paper marks a significant step towards creating a comprehensive crypto regulatory framework in India đš, addressing security concerns and promoting a safe and secure crypto environment đ.
$HIFI
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The #HIFI/USDT pair is currently trading at $0.4840, showing a slight decline of 0.14% in the last session. The price is trading above the 200-period moving average at $0.4440, indicating a shift towards a bullish trend. The RSI is at 63.65, suggesting the market is approaching overbought conditions, while the MACD histogram is positive, pointing to bullish momentum.
Bullish Scenario:
If HIFI/USDT can break above the $0.5279 resistance level, it could signal the continuation of the bullish trend. Traders may target higher resistance levels around $0.5500 and $0.5700 as potential upside targets.
Bearish Scenario:
Conversely, if the price fails to maintain above the $0.4840 level and declines below the support at $0.4424, this could indicate a potential reversal to the downside. The next significant support level is around $0.4040, where traders might expect buyers to step in.
Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always perform your own research before making any investment decisions.
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đą @lympid_official integrates @chainlink to enhance tokenized asset infrastructure
Lympid announces its strategic partnership with #Chainlink, integrating Chainlink's Cross-Chain Interoperability Protocol (#CCIP) and Proof of Reserves into its platform. This collaboration enables Lympid to deliver a highly secure and interoperable solution for accessing tokenized real-world assets (RWAs). By leveraging Chainlinkâs industry-leading technology, Lympid ensures reliable, transparent data across its blockchain-based asset management system, setting a new standard for the industry.
#Lympid is an innovative platform focused on the tokenization of real-world assets, making premium investment products more accessible. Backed by @1inch and Fintech House, Lympid aims to revolutionize the #RWA market by offering a user-friendly, neo-bank-like experience for investors.
đ
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Binance Web3 Wallet offers a non-custodial, multi-chain solution for managing digital assets, providing:
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#BinanceBlockchainWeekïżŒ #BinanceWeb3Walletćč¶ç«ćłæŁæ„ #BinanceSquareFamily #MtGoxRepayments #BinanceLaunchpoolDOGS
Dear friends, the cryptocurrency market giant Bitcoin continues its horizontal movement after its peak prices. Although there are sharp movements in the global arena due to news-related effects, it continues to be priced between 74 thousand resistance and 55 thousand support. The cryptocurrency market giant Bitcoin saw the bottom process in November 2022 after the November 2021 peak levels and started a gradual upward movement from the bottom levels. Important support and resistance levels are indicated on the chart. While leaving the halving process behind. We can say that a rest break was given in this horizontal process. While the cryptocurrency market giant continues its rise at the 15 thousand bottom levels. Altcoins did not accompany this rise, on the contrary, it became an even worse situation. At this stage, prices continue at the levels of 3 years ago. Altcoins are expected to accompany Bitcoin and carry the market to new peak prices. Be careful to evaluate assets that may have a story and expectation during this period. When we look back, although we have experienced a lot of losses, we look to the future with hope. I would like to thank friends who made gifts and donations. Our gift and donation address will be pinned in the comments section.
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$BTC - price update:
Congrat if you followed! đ„
61 200$ â
--> +5% from the support zone mentionned!â
As expected, the price is heading back towards the $62,800 resistance! đ
âĄïžAs explained earlier, the price is again attacking the big resistance of $61,500!
The H4 chart is bullish, and I think we should see a breakout and pump towards the $62,800 - $63,000 zone in the short term.
After that, the price could reach the big resistance around $64,800 - $65,000! [3rd chart] đ
âĄïžZooming on the daily view, it also confirmed my previous setup.
Retest of the flat kijun doneâ
(59 500$)
Lagging span also closed above kijun & uptrend, wich indicate that a room is open for a pump!
On the daily view, the price should logically head towards the SSA ==> $64,500 - $65,000 đ
We should see some green days for #altcoins! đ
Key supports: 59 500 and 58 900$
Invalidation in case of daily close below 59 500$ (Flat kijun D1)
#bitcoinâïž #BTC #Dyor2024 #Bitcoinâ
BLACKROCK NOW HAS MORE CRYPTO THAN GRAYSCALE
Blackrock has now overtaken Grayscale in total on-chain holdings. This makes Blackrock the largest ETF-related entity on Arkham.
Blackrock: $22,143,715,559
Grayscale: $21,996,062,828
đ Emerging Markets Drive Alternative Payment Methods đ$COS $BTC $ETH đ‎ïžđȘ
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đ Emerging markets are embracing innovative financial solutions đ, driving growth in Alternative Payment Methods (APMs). Favorable demographics đ„, financial inclusion đŠ, and digital transformation đ± are key drivers.
đ Mobile wallets, QR codes, and cryptocurrencies đ° are gaining popularity. AI-powered payment solutions đ€ and mobile payments đ± are enhancing operational efficiency and driving adoption.
đ Regional growth is significant in:
đ Southeast Asia đ (Indonesia, Thailand, Philippines)
đźđł India đźđł (increasing mobile penetration and favorable policies)
đ Emerging markets are shaping the future of APMs, driving innovation and adoption. Companies like Payment Asia are at the forefront of this transformation đ.
đ Key takeaways:
đ Emerging markets drive APM growth
đ Innovative solutions enhance operational efficiency
đ Regional growth is significant in Southeast Asia and India
đ Emerging markets shape the future of APMs