Binance Signal 01.01.2025 at 12:00 PM.
Please note that the cryptocurrency market is extremely volatile and investments should be carefully assessed.
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Long Positions
1. Chainlink (LINK)
Entry: 19.80 USD
Take-Profit Targets:
TP1: 21.00 USD
TP2: 22.50 USD
TP3: 24.00 USD
Stop-Loss: 18.50 USD
Reasoning: Chainlink is experiencing increasing acceptance through partnerships in the DeFi sector, indicating potential growth.
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2. Monero (XMR)
Entry: 192.70 USD
Take-Profit Targets:
TP1: 200.00 USD
TP2: 210.00 USD
TP3: 220.00 USD
Stop-Loss: 185.00 USD
Reasoning: Monero, known for its privacy features, could benefit from the rising demand for anonymous transactions.
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Short Positions
1. Solana (SOL)
Entry: 190.00 USD
Take-Profit Targets:
TP1: 180.00 USD
TP2: 170.00 USD
TP3: 160.00 USD
Stop-Loss: 195.00 USD
Reasoning: After a strong increase, Solana could experience a technical correction, especially if short-term profit-taking occurs.
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2. Cardano (ADA)
Entry: 0.84 USD
Take-Profit Targets:
TP1: 0.80 USD
TP2: 0.75 USD
TP3: 0.70 USD
Stop-Loss: 0.87 USD
Reasoning: Cardano may come under pressure in the short term due to delays in planned updates or negative market sentiment.
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Important Note: This information is for educational purposes only and does not constitute financial advice. Trading in cryptocurrencies involves significant risks. It is recommended to conduct your own research and manage risk carefully.
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