🚀 GALAUSD (1D) Trading Signal Alert! 🚀
📈 Current Setup Overview:
- Trend: Bearish, but watch for a potential reversal!
🔍 Trade Setup:
1. Entry Criteria:
- 🚀 Consider a long position once a daily candle closes above the 1D MA50 (~$0.022). This could signal the start of a bullish reversal!
2. Initial Entry Price:
- 🌟 Enter near $0.022 or higher after a daily close above the MA50, with increased volume supporting the breakout.
3. Stop-Loss Placement:
- 🚫 Place your stop-loss just below the recent swing low at $0.015 to guard against downside risk.
4. Take Profit Targets:
- 🎯 Target 1: $0.034 — Key resistance level and the next pivot zone.
- 🎯 Target 2: $0.060 — Strong bullish extension based on the 0.786 Fibonacci retracement.
5. Risk-Reward Ratio:
- ⚖️ A robust 1:3 ratio, with entry near $0.022, stop-loss at $0.015, and initial target at $0.034.
🔒 Risk Management:
- 🔍 Risk only 1-2% of your capital per trade.
- 🔄 Move your stop-loss to breakeven after reaching $0.034 to lock in profits and minimize losses.
📊 Technical Breakdown:
- Fibonacci Levels: The 0.786 level at $0.060 shows potential for bullish extension if the price stays above the MA50.
Trade Summary:
- Entry: Above $0.022 (upon daily close confirmation)
- Stop-Loss: Below $0.015
- Take Profit: T1: $0.034, T2: $0.060
- Risk-Reward Ratio: 1:3 with dynamic risk management
🚀 Ready to catch the next wave? Visit my profile and vote 🗳️ for a chance to win 5 USDT! 🌟
Disclaimer: This post includes third-party opinions and is not financial advice. May contain sponsored content. See T&Cs.
#GALA #CryptoSignal #TradingStrategy #Binance #CryptoMarketMoves #FibonacciLevels
Summary of what Jerome Powell, Chair of the Federal Reserve said:
It’s time to adjust the Fed's monetary policy (lower the rate).
▪️ We will do everything possible to support a strong labor market.
▪️ The timing and pace of rate cuts depend on macroeconomic data and the balance of risks.
▪️ Inflation is steadily moving towards the 2% target.
▪️ We have made significant progress in achieving price stability without causing a sharp rise in unemployment.
My Opinion: Buckle up guys, it's COMMING.
DETAILED version of the key points:
FED CHAIR POWELL: "The time has come for policy to adjust."
"We do not seek or welcome further cooling in labor market conditions."
"We will do everything we can to support a strong labor market as we make further progress toward price stability."
"The policy rate level gives us ample room to respond to risks, including any unwelcome further weakening in the labor market."
"The timing and pace of rate cuts will depend on data, the outlook, and the balance of risks."
$BTC $ETH $SOL #uselections #btc #bitcoin #BecomeCreator
Caught in a Pump Coin? Here's How to Navigate:
Example: $RARE
RARE
0.2541
-3.27%
If you jumped on the $RARE train during a market pump and are now stuck holding at a peak price, it's important not to wait indefinitely for a full recovery. Even Bitcoin had its setbacks, with a similar price 3.5 years ago in early 2021.
Steps to Take:1. Watch for Relief Rallies: Markets often give brief opportunities to bounce back from key levels. These moments can be your chance to regain some of your investment.
2. Avoid the Trap of Greed: Holding on out of greed can lead to deeper losses. If the bounce doesn't show promise, consider taking a step back and re-evaluating your position.
3. Learn and Adjust: Every mistake is an opportunity to learn. Reflect on what went wrong and refine your strategy for future trades.
Introducing @carv_official : Revolutionizing Data OwnershipImagine a future where data is more than just a resource—it's a valuable asset owned and managed by you. Welcome to CARV, a groundbreaking protocol that’s redefining how data is used and shared in gaming and AI sectors.
Empowering Individual Data Control At the heart of CARV lies a data layer designed for seamless exchanges, fair value distribution, and robust privacy. By enabling individuals to own, manage, authenticate, and profit from their data, CARV is building a transparent ecosystem that benefits both businesses and users.
A New Standard for Data In this new era, data isn’t merely gathered; it’s owned by those who create it.
Users have the power to verify authenticity, control access, and monetize data on their terms. This opens up a vast pool of verified, user-controlled data for businesses, enhancing trust and collaboration.
Shaping the Future of Data Join the movement that’s transforming how data is owned and valued. CARV is leading the charge into a future where data drives innovation, creates opportunities, and benefits everyone.
#CARVingTheFutureOfData #binanceweb3airdrop #CARV #BinanceBlockchainWeek #BinanceLaunchpoolDOGS
🍔 MCDONALD's Memecoin hack - Scammers Make Off with $700K in Solana
In a shocking turn of events, scammers hacked McDonald’s official Insta account on August 21, exploiting the fast food giant's platform to shill a fake memecoin based on the iconic Grimace mascot. The hackers managed to rake in over $700,000 in Solana before the scam was uncovered.
🔗 The Grimace Memecoin Scam
Using McDonald’s Insta page, which boasts 5.1 million followers, the hackers promoted the fake Grimace token as a “McDonald’s experiment on Solana.” This ruse quickly caught the attention of the crypto community, driving the token’s market cap from just a few thousand dollars to a staggering $25 million within 30 minutes.
🪙 The Pump and Dump
The scammers had already secured 75% of the Grimace token's supply using Solana memecoin deployer pump.fun. They then distributed these tokens across 100 different wallets. As the token’s value surged, the hackers began dumping their holdings, causing the token's price to nosedive to $650,000 in just 40 minutes.
💰 The Payout
In total, the hackers made off with around $700,000 in Solana from this pump-and-dump scheme. They even edited the bio of McDonald’s insta to boast about their success, writing, “Sorry mah n-gga you have just been rug pulled by India_X_Kr3w thank you for the $700,000 in Solana.”
🛑 Aftermath
The posts and bio were eventually restored, and McDonald’s issued a statement acknowledging the hack as an “isolated incident.” The company apologized for any offensive content that was posted during the breach and assured that the issue had been resolved.
This incident serves as a stark reminder of the dangers lurking in the world of crypto, where even well-known brands can be hijacked to facilitate scams.
Stay alert and stay safe with @Mende !
#scamalert #scam #hack #insta #solana $SOL
🚨 September 2024 Token Unlock Schedule: Watch Out for Market Movements! 🚨
[Plese don't forget to vote me to day](https://app.binance.com/uni-qr/cpro/imran_raii?l=en&r=104591637&uc=web_square_share_link&us=copylink)
Stay informed about the upcoming token unlocks in September 2024. These events could significantly impact the market, so keep an eye on these dates:
1. 01-09-2024 SUI – 1.71% = $77.83m
2. 01-09-2024 DYDX – 2.08% = $9.43m
3. 01-09-2024 HOOK – 1.67% = $3.66m
4. 03-09-2024 NTRN – 1% = $4.11m
5. 04-09-2024 AI – 1.06% = $4.35m
6. 04-09-2024 WRX – 3% = $4.83m
7. 06-09-2024 IMX – 0.69% = $18.47m
8. 07-09-2024 GMT – 1.55% = $12.21m
9. 07-09-2024 HFT – 1.58% = $2.72m
10. 07-09-2024 TKO – 2% = $3.27m
11. 08-09-2024 ENS – 0.94% = $18.93m
12. 11-09-2024 APT – 1.13% = $77.02m
13. 13-09-2024 CYBER – 0.89% = $3.08m
14. 14-09-2024 ARB – 0.93% = $53.2m
15. 15-09-2024 APE – 0.73% = $4.8m
16. 17-09-2024 RARE – 1.33% = $3.4m
17. 18-09-2024 ACE – 1.1% = $3.96m
18. 20-09-2024 MANTA – 2.62% = $22.45m
19. 20-09-2024 LISTA – 2.49% = $10.61m
20. 23-09-2024 BICO – 0.75% = $1.97m
⚠️ Warning: Token unlocks can lead to significant price corrections. Keep this schedule in mind to protect your investments.
If you notice any incorrect data, please let us know! If you found this info helpful, don't forget to like, repost, and share. Your support helps us all as retail investors! 🚀
#WriteToEarn #Crypto2024 #TokenUnlock
🚀 Cardano's ADA Token Reclaims Top 10 Spot 🚀$ADA 🌏⤴️🪙
{spot}(ADAUSDT)
Cardano's native token, ADA, has made a significant comeback, reclaiming its position among the top 10 largest cryptocurrencies by market capitalization. This achievement comes after a notable 15% price surge over the past week.
📈 Price Growth:
ADA's price growth can be attributed to various factors, including:
🔹 Increased adoption and usage of the Cardano blockchain
🔹 Optimism around upcoming developments and upgrades
🔹 Growing interest in proof-of-stake (PoS) cryptocurrencies
📊 Market Capitalization:
ADA's market capitalization has surpassed that of TRX (Tron), which briefly took the lead due to excitement around the SunPump platform. However, it's essential to note that TRX still maintains a higher daily trading volume, with three times more transactions than ADA on Coinmarketcap.
📊 Trading Volume:
TRX's higher trading volume can be attributed to:
🔹 Increased speculation and hype around SunPump
🔹 Higher liquidity and trading activity on exchanges
🔜 Implications:
ADA's return to the top 10 spot demonstrates:
🔹 Cardano's growing relevance and adoption
🔹 Increased investor confidence in the project
🔹 Potential for further price growth and development
As the cryptocurrency market continues to evolve, it's crucial to monitor ADA's performance and market trends to understand its future prospects.
$JTO /USDT
**Understanding Resistance and Support in Trading**
In trading, the concepts of resistance and support are fundamental to technical analysis. **Support** refers to a price level where a stock or asset tends to stop falling and start rising. This happens because the demand is strong enough to prevent the price from declining further. Traders often see support as a “floor” that prices rarely fall below. Identifying strong support levels can offer potential entry points for buying.
On the other hand, **resistance** is the price level at which an asset faces selling pressure, preventing it from rising further. Think of it as a "ceiling" that the price struggles to break through. When a stock reaches resistance, traders might consider selling as it could indicate a potential drop in price.
Spotting these levels is crucial for traders as it helps in making informed decisions. If a stock breaks through a resistance level, it might indicate a strong bullish trend, while breaking below support could signal a bearish trend. Mastering the identification of support and resistance can enhance trading strategies and lead to more profitable trades.#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
{spot}(JTOUSDT)
⚡️ @ArchLending has announced the closure of its $5M equity seed round
Arch Lending, a financial platform that offers crypto-backed loans, raises $75M in equity and debt. The raise includes a $5M equity seed round, co-led by Morgan Creek Digital & @CastleIslandVC and joined by @Galaxyhq, @BitGo, @KeneticCapital, @Block0, @AlumniVentures, Perpetual Value Partners, and others. The project has also received a scalable $70M loan financing facility backed by Galaxy.
👉
Shiba Inu Marketing Lead Predicts Bitcoin Bull Run Start
Shiba Inu marketing head LUCIE has commented on the Bitcoin bull run and its imminent start. She references Bitcoin's post-halving surge, which frequently starts a fresh bull run. The market may be heading for another bull bounce after the 2024 halving, according to history.
Mapping Bitcoin Post-Halving Rallies
On X (previously Twitter), Shiba Inu marketing entrepreneur LUCIE informed her 144,000 followers when she anticipated the Bitcoin bull run to start. The essay cites prior bull cycles and the timing for rallies following Bitcoin halvings.
initial, it took about a year for the BTC price to rise following the initial halving in 2012. A long bull market drove Bitcoin prices to record highs. Again, in 2016, the market moved similarly.
After the 2016 Bitcoin halving, the bull market started sooner. The 2016 bull rise started six months after the halving, unlike the 2021 bull market. By 2020, BTC prices would rise 5-6 months after halving.
This timescale suggests the Bitcoin bull market is within two months. Based on the usual six months and the Bitcoin halving in April 2024, the next bull cycle should begin in October 2024.
BTC Bull Market Could Lead to New ATHs
Despite a catastrophic market fall in early August, Bitcoin is still high enough to reach a new all-time high with a 30% push. If the BTC price maintains this level and the bull run starts as expected in a few months, a new all-time high may be possible.
Bitcoin is still over $60,000, down 1.72% in 24 hours. The weekly chart shows 5.58% increases.
#SHIB #Memecoins #BTC #MtGoxRepayments $SHIB
{spot}(SHIBUSDT)