Congratulations on Achieving a 1:3 Reward Ratio: A Testament to Strategic Trading
$TRX
{spot}(TRXUSDT)
{future}(TRXUSDT)
The TRX/USDT trading pair has exhibited a strong bullish trend, as reflected in the recent price action on the 4-hour chart. After a significant upward movement, the price reached a high of $0.1663 before experiencing a pullback to the current level of $0.1568. This pullback provides an interesting opportunity to analyze the risk-reward ratio based on the chart's key levels.
In this chart, the red box represents a critical support zone around $0.1329, which traders may consider as the potential risk area. In contrast, the green boxes mark the potential reward zones, with the first target at $0.1402, the second at $0.1568, and the third at $0.1663.
The current setup offers a favorable risk-reward ratio of 1:3, meaning that for every unit of risk (the red zone), there is a potential reward of three times that amount (the green zones). This ratio is attractive for traders looking to capitalize on the ongoing bullish momentum while managing their downside risk effectively.
Congratulations to all traders who successfully executed their trading plan with precision! Your disciplined approach, combined with a solid understanding of market dynamics, has clearly paid off. Achieving your targets with a favorable risk-reward ratio is no small feat, and it’s a testament to your dedication and strategic planning. Keep up the great work, and here’s to continued success in your trading journey!
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.
#6thTrade #MarketSentimentToday #Marketupdate #BecomeCreator
#VANRY MIGHT HAVE ALREADY ESTABLISHED ONE OF ITS MAJOR SUPPORT
If you're looking for an in-depth analysis of VANRY, you're in the right place.
{future}(VANRYUSDT)
{future}(ARKMUSDT)
{future}(BNBUSDT)
Here's why.
As #VANRY continues to move on top of the previous key levels where the breakout towards its surge happened, we're already highlighting the possibility of these key levels to become its newly established support. Although, we're still taking into consideration the possibility of its price to be moving below this support key level as that's pretty normal for prices to move below their average prices. Hence, as we await the result for this ranging market of #BTC, we will also patiently observe the probabilities that can happen with VANRY, especially it's high probability of bouncing.
Stay wise, trade cautiously.
#GAINERSPACK #VANRYUSDT
#Market_Update $LPT
{spot}(LPTUSDT)
{future}(LPTUSDT)
LPT/USDT trading pair has recently experienced a strong breakout, as indicated by the latest price action on the 1-hour chart. After a period of consolidation between $10.115 and $10.794, the price has surged above the key resistance level at $10.794, reaching a high of $12.192 before slightly pulling back to $12.131. This breakout is accompanied by a notable increase in trading volume, indicating that the upward move is supported by strong buying interest.
The breakout above the $10.794 level is a significant bullish signal, suggesting that the market sentiment has shifted in favor of the bulls. The price has also moved above the Ichimoku Cloud, reinforcing the bullish trend and indicating that the upward momentum could continue.
Traders who entered the market during the consolidation phase may find this breakout particularly rewarding, as the price continues to push higher. The previous resistance level around $10.794 is now likely to act as support, providing a potential entry point if the price pulls back to retest this level.
If the bullish momentum sustains, the next target could be a retest of the recent high at $12.192, with the possibility of further gains if the market remains strong. However, traders should remain cautious of any potential pullbacks and monitor key support levels.
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.
#6thTrade #BecomeCreator #MarketSentimentToday #MtGoxRepayments
Based on our technical indicators, Aavegotchi's 200-day SMA will rise in the next month and will hit $ 1.537502 by Sep 21, 2024. Aavegotchi's short-term 50-Day SMA is estimated to hit $ 1.491689 by Sep 21, 2024.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 61.64, which indicates that the GHST market is in a neutral position.
#GHST #MarketDownturn #TONonBinance #Write2Earn #BecomeCreator $GHST
{spot}(GHSTUSDT)
📈 FTX Reorganization Plan Approved: A Step Towards Bankruptcy Resolution 📈
$ETH $BNB $LDO 🌏⤴️🪙
{spot}(LDOUSDT)
{spot}(BNBUSDT)
{spot}(ETHUSDT)
Cryptocurrency trading platform FTX has secured preliminary approval for its reorganization plan 📊, marking a significant milestone in its bankruptcy journey 🚀.
📆 Key Dates:
📁 May 7, 2024: FTX files reorganization plan 📊
🙌 June 26, 2024: Preliminary approval granted by the court 🤝
📅 October 7, 2024: Confirmation hearing scheduled to finalize the plan 📊
📊 Plan Highlights:
📈 Repayment strategy for debts: FTX outlines a plan to repay creditors and stakeholders 💸
📊 Reorganization of FTX's business structure: A new structure to ensure sustainability and growth 🚀
🚀 Path forward for customers and stakeholders: Clarity on the future of FTX and its services 📈
👏 Overwhelming Support:
🤝 Creditors show strong support for the plan: A majority of creditors back the reorganization plan 📈
🙌 Approval paves the way for FTX's recovery and growth: A positive step towards bankruptcy resolution 🚀
🔜 Next Steps:
📅 Confirmation hearing: The court will review and finalize the reorganization plan 📊
📈 Implementation of the reorganization strategy: FTX will execute the plan, focusing on recovery and growth 🚀
FTX's reorganization plan approval marks a significant step towards:
💡 Recovery: FTX can now focus on rebuilding and recovering from bankruptcy 🚀
📈 Growth: A clear path forward enables FTX to explore new opportunities and growth 🚀
🔒 Trust: FTX can work towards rebuilding trust with customers and stakeholders 🤝
This approval is a positive development in FTX's bankruptcy journey, paving the way for a successful reorganization and a brighter future 🚀.
KIP Protocol announces a partnership with Nuklai
#KIPProtocol partners with #Nuklai , a #Layer1 blockchain infrastructure provider for data economies. Through this partnership, KIP Protocol incorporates Nuklai data expertise to enhance the development of AI-ready KBs, ultimately benefiting businesses, researchers, and #AI value creators. Nuklai integration into KIP improves the quality and accessibility of data for AI training and knowledge base development.
KIP Protocol is a #Web3 base Layer for AI that enables secure transactions and monetization of AI models, applications, and data assets. The project is backed by Animoca Brands, Morningstar Ventures, SkyVision Capital, Spicy Capital, Purechain Capital and others.
👉 x.com/KIPprotocol/status/1826505451888111901
⚡️ @Bondexapp $BDXN has joined forces with @TheoriqAI to develop AI agent collectives
Bondex announces a partnership with Theoriq, a platform for AI innovation. Through this collaboration, Bondex will leverage Theoriq to develop an #AI Agent Collective that will be trained on Bondex’s data, be capable of automating job matching, and act as a virtual career coach. Bondex is a #Web3 talent ecosystem combining a talent network & marketplace partly owned by its community of users, backed by @AnimocaBrands, @Morningstar_VC, and others.
👉
🌊 Hey Oceaners! Following up on yesterday’s update, we’ve been hard at work finding and fixing those bugs. And guess what? We did it—great news! 🎉 But to make sure everything’s rock solid, we’re giving it a little extra time. So, we’re moving the start date for the Incentives Program to August 29. 🛠️
Starting then, we’ll track node uptime over the first four epochs, from August 29 to September 26, with the top 50 nodes earning a Phase 1 ONB. 🏆
To qualify, make sure your node has a public IP and exposes both HTTP API and P2P ports. 🌐🔗
We’ve also rolled out some awesome dashboard improvements—enhanced table functionality and clearer reward eligibility indicators. 🚀
Thanks for your support and patience—we’re pumped to keep pushing Ocean Nodes to the next level! 💪
Get all the details here:
Yesterday, we heard from @xianxlb and @anyhauu about the latest updates on Jupiter Products!
@0xSoju, @weremeow and @SlorgoftheSlugs
also touched on various components around the J.U.P, such as keeping users safe and the future of WGs.
Watch the recording + timestamps below!
Timestamps:
0:00 - Introduction
2:53 - Agenda for the Call
5:08 - Wins of the Week [Catching the Malicious Browser Extension, Meowcast with Steve Chen is out, Launching Jupiter Lock Beta, Jupiter Referrals on Swap, Uplink Grants for Creators]
14:25 - Introducing Jupiter Lock (in beta) for Locking and Vesting Newly Launched Tokens w/ @xianxlb
24:41 - Making Limit Orders Great Again w/ @anyhauu
35:51 - Keeping Users Safe from a Malicious Browser Extension w/ @0xSoju
49:02 - Revisiting the Jupiverse and JWGs so far w/ @weremeow
1:05:40 - The New Working Groups Progression Proposal w/ @Slorgoftheslugs and @KEMOS4BE [Vote goes live on Friday]
1:26:43 - Partner Spotlight w/ @Vaultkaofficial
1:39:52 - Catdets Corner w/ @Irish6995
$BTC /USDT Alert 🚨
{spot}(BTCUSDT)
Bitcoin is testing the upper resistance zone around $61,250. If it breaks above, we could see a push toward the next resistance at $62,000. However, if it fails to break, a retest of the $60,284 support level is likely.
Keep an eye on these key levels:
- Resistance: $61,250 - $62,000
- Support:** $60,284
#BTC☀ #Bitcoin #LowestCPI2021 #CryptoMarketMoves #BinanceBlockchainWeek
$NMR
{spot}(NMRUSDT)
{future}(NMRUSDT)
#NMR/USDT
The NMR/USDT trading pair has experienced a significant surge, as shown in the recent 4-hour chart. After a period of low volatility and consolidation around the $12.32 to $13.99 range, the price broke out sharply, reaching a high of $17.86 before experiencing a slight pullback to around $16.84. This breakout was accompanied by a substantial increase in trading volume, indicating strong buying interest.
The breakout above the key resistance level at $14.13 marks a pivotal shift in market sentiment, with bulls taking control and driving the price higher.
Disclaimer: The information provided in this analysis is for educational purposes only and should not be construed as financial advice. Trading cryptocurrencies carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
#6thTrade #MarketSentimentToday #BecomeCreator #Market_Update
CryptoQuant's weekly report observed that "most Bitcoin (BTC) demand indicators are showing weakness." The report noted that the monthly increase in whale BTC holdings has slowed to just 1%, down from 6% in February—a 3% increase is typically associated with a rise in BTC prices. Moreover, inflows into U.S. BTC spot ETFs have declined since March. However, the report highlighted that long-term BTC holders have significantly increased their holdings compared to the first quarter, suggesting that despite the overall drop in demand, long-term investors are still actively accumulating BTC.