Identifying a coin that has the potential to rise up, includes research and analysis that qualified to get a strong and backed signal either for spot, futures and investment. #SpotTrading.
One of the the strategies that I use in my future trading and Spot trading is to : Reed the following ✅ 1] When you open any exchange #binance龙年 go to {Gainers or Losers } I prefer using the {Gainers } list.
2] Select a coin that have a price below $ 5 dollars, click on it to view the price chart.⚡
3] At this level, switch the time flam to [1Month] time flam for the price chart to be simple and observe the overall price action.💥💯
4] At this point you will notice the previous low and high also the current price as well. If the previous or the current price is below the previous high 10x or more then the coin has the real potential to rise 7% to 15%. A coin like this will be profitable for spot trading.
1. Technical Analysis⬇️ * Price Charts: Study candlestick charts to identify trends, patterns (e.g., head and shoulders, triangles), and support/resistance levels. * Indicators: Use moving averages, relative strength index (RSI), Bollinger Bands, and others to gauge momentum, overbought/oversold conditions, and volatility. * Volume: Analyze trading volume to confirm trends and potential reversals. Analyzing the crypto market requires a combination of technical, fundamental, and on-chain analysis. Here's a breakdown of each:
2. Fundamental Analysis⬇️ * Project Evaluation: Assess the underlying technology, team, roadmap, and use case of a cryptocurrency. * Market Dynamics: Consider factors like regulatory landscape, adoption rates, and competitive landscape. * Economic Indicators: Monitor macroeconomic conditions that can influence crypto prices (e.g., interest rates, inflation).
3. On-Chain Analysis ⬇️ * Network Activity: Analyze metrics like transaction volume, active addresses, and network hash rate to gauge usage and security. * Tokenomics: Evaluate token distribution, supply dynamics, and economic incentives. * Developer Activity: Monitor code commits, updates, and community engagement to assess project health. Additional Tips: * Diversification: Spread your investments across different cryptocurrencies to manage risk. * Stay Informed: Keep up with crypto news, developments, and regulatory changes. * Risk Management: Set stop-loss orders and take-profit targets to protect your investments. * Continuous Learning: Stay updated on analytical techniques and market trends.
Tools and Resources: * Trading Platforms: #Binance Coinbase, Kraken * Charting Tools: TradingView, #CoinMarketCap * On-Chain Data: Glassnode, CoinMetrics * News and Analysis: #CoinDesk, Cointelegraph Remember: The crypto market is highly volatile, and past performance is not indicative of future results. Always conduct thorough research before making investment decisions. $SOL $BNB $BTC
In my last post I was talking about three coins we should put our eye on it. Right now am making this post , the coin is over $3 dollars . whiles when I was making that last post the coin was around $2.2 dollars.
So you the increase right ?. #THETA has risen +32% in the 24 hours with the price of $3.3. I can still see an increasingly more to $4 while buyers still pushing the price up.$THETA $BAND $APE
Egoncoin withdrawals for the phase two has started and state that, Bulk miners will go first it started on 07/02/2024, follow by team miners or free miners.
Free or Team miners will start withdrawals from 07/04/2024.
Bulk miners should submit their store email address for verification .
make sure to update your app. this is for just a tip to read more check the links below 👇👇 Use my referral code: KHOPHY