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🤑Urgent Entry 🚀 1000SATSUSDT Enjoy Profit Short Entry 0.0001592 Stop Lose 0.0001697 Take Profit 0.0008283 Leverage 1X
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#pepe Here are some highlights from the Pepe price analysis - PEPE holders increased by 5.76% in the last month and 0.01% in the last 24 hours. - PEPE price is still trending above the 200-day simple moving average (SMA) despite market volatility. - The total crypto market cap dropped by 4.7% in the last 24 hours following BTC’s volatility. - The price of PEPE dropped by 10.4% in the last 24 hours to trade at $0.000008358. - The price of Pepe had just broken out of a falling wedge and was retesting the top trendline of the falling wedge before heading toward $0.00001720, the previous all-time high price. - Since Bitcoin’s downturn on July 1, 2024, PEPE has dropped by 30% to its current price. - The PEPE 14-day relative strength index (RSI) is sitting at 34, just four points above the oversold (OS) area.
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Bad News For Crypto ⛔⛔⛔⛔🚨🚨🚨🚨🚨Crypto Liquidations Strike Bitcoin Traders ⚠️⚠️⚠️😭😭😭😭🛑🛑🛑 The recent crypto liquidations have had the following effects on Bitcoin traders ¹ ²: - Over $115 million in liquidated positions, with short traders losing around $66 million and long traders losing $49 million. - Traders on OKX lost around $78 million, while those on Binance and Bybit lost $11 million and $2 million, respectively. - The largest single liquidation order was executed on OKX, totaling $22.24 million. - A total of 80,590 traders were affected, with losses totaling $279 million. - The recent wave of liquidations follows a similar event on July 5, in which Bitcoin derivatives traders experienced a massive liquidation of $226 million, making it the highest since the collapse of FTX in November 2022.
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Candlestick Pattern Lesson no.1 Hammer Pattern Information: The Hammer is a bullish reversal candlestick pattern that often appears at the end of a downtrend. It consists of a single candle with a small body located at the upper end of the trading range and a long lower shadow (wick). The pattern resembles a hammer, where the body represents the hammer's head and the shadow represents the handle. How to Use: Identify Downtrend: Look for a clear downtrend in the price chart. Spot Hammer Candle: Locate a Hammer candlestick pattern within the downtrend. Confirmation: Wait for confirmation in the next candle (preferably a bullish candle) to validate the potential reversal. Entry: Consider entering a long (buy) position near the opening of the next candle after the Hammer. Stop Loss: Place a stop-loss order below the Hammer's low to manage risk. Target: Aim for a price target based on support or resistance levels. Important Points: Confirmation: While the Hammer indicates a potential reversal, it's essential to wait for confirmation in the following candle. Volume: Higher volume accompanying the Hammer strengthens its significance as a reversal signal. Long Lower Shadow: The longer the lower shadow, the stronger the potential reversal signal. Price Context: Consider the surrounding price action and overall market context when interpreting the Hammer pattern. Variations: There are variations of the Hammer pattern, such as the Inverted Hammer, which has a similar structure but appears after an uptrend. Remember, no candlestick pattern is infallible, and it's crucial to use Hammer patterns in conjunction with other technical and fundamental analysis tools to make well-informed trading decisions. Always practice proper risk management and adjust your strategies based on the evolving market conditions.
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