Based on technical quantitative indicators, the current fore | shenylow on Binance Square

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Bearish

Based on technical quantitative indicators, the current forecast for XRP in 2024 is 📉.
This could be an indication that XRP is a bad buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy XRP or not.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

XRP

0.592

-2.76%

381

0

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### 1. **PNUT (Up +278.51%)** - **Why Short?**: With such a massive surge, PNUT may be overbought, and a market correction could be likely. - **Strategy**: Sell at current high prices, expecting the price to dip. Set a **buy limit** at a lower price to cover the position and lock in profits as the price drops. ### 2. **DOGE (Up +18.62%)** - **Why Short?**: DOGE is highly volatile and can experience sharp fluctuations. If you anticipate a pullback or correction, it might be a good opportunity for a short. - **Strategy**: Monitor for signs of price exhaustion or sudden drops, and consider shorting if DOGE fails to maintain upward momentum. ### 3. **BANANA (Up +14.45%)** - **Why Short?**: Meme coins like BANANA can sometimes experience sudden pumps followed by sharp drops. If you suspect it’s nearing a peak, a short position could profit from the reversal. - **Strategy**: Use a **sell limit** order at current levels and a **buy limit** at a lower price to cover your short when the price declines. ### 4. **HARD (Up +17.06%)** - **Why Short?**: If you believe the price increase is overextended and likely to correct, you might want to short HARD. - **Strategy**: Consider **shorting** if it reaches a resistance level, setting a **buy limit** at a lower price for when the market retraces. --- ### Key Considerations for **Shorting**: - **Risk**: Shorting comes with more risk, especially if the price continues to rise. Ensure you have **stop-loss** orders in place to limit potential losses. - **Timing**: Pay close attention to market sentiment and trends, as short positions require precision in entry and exit points. Short positions are more suited to coins with extreme volatility or signs of being overbought, as in the cases of **PNUT**, **DOGE**, and **BANANA**.

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📉 **Today's Crypto Losers** & **Advice for Potential Recovery**: 1. **TRB**: $82.51 (-5.59%) – 🔍 **Advice**: If you believe in DeFi oracles, consider watching for dips near support levels before entering. 2. **STG**: $0.3321 (-5.49%) – 🚀 **Advice**: With cross-chain growth potential, this could be a long-term play if the sector strengthens. 3. **SAGA**: $2.2439 (-5.40%) – 📈 **Advice**: Wait for ecosystem updates or partnerships before considering more investment. 4. **PEOPLE**: $0.06874 (-5.20%) – 🤔 **Advice**: High risk and community-driven; invest small amounts only if you’re prepared for volatility. 5. **SCR**: $0.777 (-5.13%) – 🔒 **Advice**: Privacy coins have potential, but watch for regulatory news that could impact it. 6. **RON**: $1.562 (-5.05%) – 🎮 **Advice**: Gaming-focused assets could rise; consider small, strategic entries if the sector grows. 7. **TROY**: $0.004667 (-4.85%) – 📉 **Advice**: Be cautious; only invest if crypto brokerage services see significant expansion. 8. **VITE**: $0.01161 (-4.84%) – ⚡ **Advice**: Great for speed-focused projects; monitor DApp adoption or network growth. 9. **WING**: $5.723 (-4.84%) – 💼 **Advice**: If DeFi lending picks up, WING could benefit. Entry now could work if you’re bullish on DeFi. 10. **ZEC**: $44.23 (-4.76%) – 🔐 **Advice**: Privacy coin demand is mixed; invest carefully, given regulatory risks. 11. **CREAM**: $16.49 (-4.68%) – 🏦 **Advice**: Look for improved security and DeFi recovery before taking positions. 12. **NOT**: $0.007494 (-4.60%) – 🤷 **Advice**: Wait for clear project updates; risky without more info. Don’t put too much into any one project, especially in such volatile times. - **Stay Updated**: Follow project news, regulatory changes, and market trends. - **Set Goals**: Know whether you’re investing short-term or long-term. Only invest what you’re comfortable holding through market swings. 📊 This approach keeps you adaptable and minimizes risk while giving you potential exposure to gains if the market recovers. 🚀

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1. **High-Gainers Sell Limits 🚀**: - **ACT** (+2335.20%): Given its massive rise, consider setting a **sell limit** around 0.50 - 0.55 to capture profits if it moves slightly higher, as these levels may attract selling pressure. - **PNUT** (+285.39%): A **sell limit** between 0.42 - 0.45 could be effective to capitalize on its momentum before any potential drop. 2. **Buying Opportunities with Buy Limits 📉**: - **BNB** (-2.29%): Set a **buy limit** at 615 - 620 to potentially enter at a lower price, taking advantage of any further dip. - **PEPE** (-1.19%): A **buy limit** around 0.00001200 or lower can capture gains if it rebounds soon. 3. **Trailing Stop-Loss for High Volatility 🛑**: - **DOGE** (+25.38%): Set a **trailing stop-loss** around 0.29 to protect gains if the price falls. - **SHIB** (+7.53%): Set a **stop-loss** at 0.00002700 to safeguard against a sudden downturn. 4. **Take-Profit Levels on Moderate Movers ⚖️**: - **BTC** (+5.51%): Consider setting a **take-profit limit** at 85,000 - 86,000 to capture gains without risking a pullback. - **SOL** (+2.98%): A **sell limit** at 225 - 230 could help lock in profit if it continues to rise. 5. **Support Buy Levels for Lower-Risk Entries 📈**: - **ADA** (+0.50%): A **buy limit** around 0.58 - 0.59 could offer a good entry point if it dips back slightly. - **ETH** (+0.87%): Set a **buy limit** at 3200 - 3225 to enter if the price briefly corrects. By strategically setting these limit orders, you can manage risk and aim for profits based on current market movements.

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1. **BNB** 🟡 ($620.70, -2.50%) - **Entry Buy Limit** 🎯: Set around 2-3% below the current price for a discount. - **Take-Profit** 🏆: Target 5-10% above the buy price to secure profits. - **Stop-Loss** 🚫: Around 2-3% below the buy price to cut losses early. 2. **BTC** 💰 ($81.26K, +0.90%) - **Buy Limit** 🎯: Set a buy limit 1-2% below the current price for a safe entry. - **Take-Profit** 🏆: Target a 5% gain, as BTC tends to move gradually. - **Trailing Stop** 📉: Set at 3% below the peak to lock in gains as it rises. 3. **ETH** 🔵 ($3.14K, -2.26%) - **Entry Buy Limit** 🎯: Target a 2% dip for an entry point. - **Take-Profit** 🏆: Aim for a 5% gain. - **Stop-Loss** 🚫: Limit loss to 2-3% below entry. 4. **SNT** 🚀 (Top Gainer, +49.5%) - **Take-Profit** 🏆: If already holding, set take-profit 10% above the current price. - **Trailing Stop** 📉: Consider a trailing stop of 5% below the high to capture gains. 5. **CETUS** 🌊 (New Listing, $0.4054, -11.85%) - **Buy Limit** 🎯: Place a buy limit 5% below the current price. - **Stop-Loss** 🚫: Set a stop-loss 5-10% below the buy price to avoid heavy losses. 6. **VTHO** 🌱 ($0.002187, +15.84%) - **Take-Profit** 🏆: Aim for 5-10% above the current price if holding. - **Trailing Stop** 📉: Secure gains with a 5% trailing stop. 7. **DOGE** 🐕 ($0.28362, +2.15%) - **Buy Limit** 🎯: Buy if price drops 3-5%. - **Take-Profit** 🏆: Target an 8% gain. - **Stop-Loss** 🚫: Set around 5% below the entry price.

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## 🚀 **Trailing Stop & Take-Profit** 1. **VTHO** at $0.002601 (+47.12%) - **📊 Take-Profit**: $0.002861 - **🛑 Trailing Stop**: $0.002471 2. **TRB** at $80.80 (+37.82%) - **📊 Take-Profit**: $88.88 - **🛑 Trailing Stop**: $76.76 3. **DOGE** at $0.28345 (+25.13%) 🐕 - **📊 Take-Profit**: $0.30613 - **🛑 Trailing Stop**: $0.26928 --- ### 🔥 **Entry Limits, Stop-Losses & Take-Profit** 1. **BNB** at $617.83 (-1.68%) 🔹 - **💸 Buy Limit**: $599.30 - **📈 Take-Profit**: $648.72 - **🚫 Stop-Loss**: $581.32 2. **BTC** at $81,072.01 (+2.59%) 💰 - **💸 Buy Limit**: $79,450.57 - **📈 Take-Profit**: $85,125.61 - **🚫 Stop-Loss**: $77,861.56 3. **SHIB** at $0.0000253 (+12.69%) 🐶 - **💸 Buy Limit**: $0.0000240 - **📈 Take-Profit**: $0.0000278 - **🚫 Stop-Loss**: $0.0000228 --- ### 📉 **Top Losers: Buy Limits & Stop-Loss** 1. **HMSTR** at $0.004454 (-22.67%) 🐹 - **💸 Buy Limit**: $0.004231 - **🚫 Stop-Loss**: $0.003808 2. **ERN** at $2.39 (-18.46%) 📉 - **💸 Buy Limit**: $2.27 - **🚫 Stop-Loss**: $2.09 3. **COW** at $0.4216 (-17.09%) 🐄 - **💸 Buy Limit**: $0.4005 - **🚫 Stop-Loss**: $0.3605

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