yet another opportunity | Cryp-novice on Binance Square

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🎉Get ready for our latest airdrop of $50,000 worth of $CFI with #CyberFinance. 5000 lucky eligible winners will get rewards!

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Fibonacci technical indicators are indeed expert level analytics but they do wonders in volatile market structures. the author has drawn some levels to watch for in this #MarketDownturn especially #BTC☀

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This is naive and less informed opinion to speculate #MarketDownturn to few technical factors. as @Richard Teng mentioned here on square that it was a result of multi-macro economic global factors, well beyond the control of market makers. off course markets around the world were a bit over leveraged from the start of the year, greed and fear index was flashing high. main stimulus to the #MarketDownturn are global recession fears, dollar dominance and it's subsequent weakness resultantly shaking markets. one thing here to note is the phenomenal bounce of #BTC☀ from the lows of sub 50k levels, and has steadied ever since. two assets in chaotic economic and political periods show resilience historically (at least since 2011), namely Gold and Bitcoin. corrections are healthy and my heartfelt condolences to anyone going through losses and downturns, hope and pray you go through it and recover your peace and finances.

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$BOME technical analysis aside and talking of fundamentals I guess given the meme frenzy and community driven trading mania has swept crypto for some time, majority of top memers on binance had already gained yes quite alot. In that retrospection $BOME hasn't had much gains and remained in the Shadows, and is slowly waking up to some sunshine here. if $BTC price stays ranging or stable, then like rest of meme coins bome can walk some miles. #CryptoWatchMay2024 #Memecoins

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$PEPE off course Pepe is ambitious token with momentous volume and amazing community which helped it counter some $BTC -induced market influence. I have no specific targets in mind while writing this, but given $BTC indecisive price action these days, I would recommend entering once BTC clears those 54k or 52k support levels mania. Once entered I believe will be best levels to get grab of pepe for good rally. #Memecoins #CryptoWatchMay2024

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$COS here really is testing patience, it's ranging and consolidating for way too long here. if whales had their money out already at higher levels, how come it's losing value day by day. If retailers like us is the cause of decline then as matter of fact should be temporary, coz most of them are day traders and scalpers. Overall price action of $COS is messy and irrational here after it's cascading fall off the edge. By now it should either starting moving up slowly or pump in vertical. For those who say it will go down to 0.09 then whales will buy, see that it had already been there few days ago. #written2earn #RNDR #CryptoWatchMay2024

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