⭐Turn nearly $600 into $1.6m, the power of memecoin helps people change their positions

⭐A trader turned $583 into $1.6 million in 20 days thanks to smart investment in meme coins on the Solana ecosystem. The success came from early purchases of two tokens: Urolithin A (URO) and Rifampicin (RIF), taking profits at the right time and leveraging the listing effect on major exchanges like Binance.

💰Strategy:
Buy 16.44 million URO with 4.35 SOL (~$768), gaining profits of 714 times.
Buy 11.84 million RIF with 1.8 SOL (~$300), taking partial profits when the market cap reaches $100 million.

💰Smart profit taking:
Sell part of RIF for $94,000, keeping the majority worth nearly $1 million.
Gradually sell URO as the price peaks, maximizing profits.

💰Binance listing effect:
Announcements from Binance have significantly pushed the prices of Solana meme coins, creating opportunities for traders.

💰Lesson:
Investing in meme coins can yield huge profits if you know:
Identify new tokens early.
Allocate capital wisely.
Closely monitor the market.
Take profits at the peak.

🔥Warning:
Despite the enormous profits, this strategy is very risky and not everyone will achieve similar results.

UPDATE BTC PLAN ON 11/8
In response to the interest rate news last night, BTC has once again reached a new peak around 76,900, creating excitement for investors.
However, currently, both H1 and H4 timeframes have shown divergence signals, forecasting that BTC will have a correction towards around 74,500, and further down to 71,900 by the end of this weekend.
Therefore, MGS trading advises you to limit FOMO at this moment, manage risks with existing positions, and protect your account.
Wishing everyone a happy weekend.

The FED will announce its November interest rate decision tonight, and it is likely that the FED will cut interest rates by 0.25%. This will have a direct impact on the entire market.

1. Impact on BTCAttracting new investment:

🔥Interest rate cuts often weaken the USD, causing investors to seek alternative assets such as Bitcoin. BTC can benefit from new money flows from investors looking to "shelter" from the weakening USD.

🔥Increasing BTC price: Low interest rates reduce borrowing costs and promote investment in riskier assets, including cryptocurrencies. This can put upward pressure on BTC.BTC is more attractive than USD: Bitcoin is considered an anti-inflationary asset, which can attract more investors if the USD depreciates.

2. Impact on USDDepreciation:

🔥Low interest rates make the dollar less attractive relative to other currencies, putting downward pressure on the USD in the short term. Capital flows: When the USD depreciates, investors may shift capital to risky or alternative assets such as gold and cryptocurrencies, as the USD yields fall.

🔥Spreadout effects: A weaker dollar can push up the prices of USD-denominated commodities, causing inflationary pressures in USD-based economies, and potentially impacting the cryptocurrency market.

🧧In short, if the FED cuts interest rates, BTC may appreciate while the USD faces downward pressure. This could create favorable conditions for BTC as an attractive investment channel in a low-interest rate environment.

What do you think about the FED's decision tonight? Leave a comment below.

Trump and Bold Policies for Bitcoin in the United States

Upon taking office, Trump committed to significantly changing cryptocurrency policy in the United States with a series of bold measures:

🔥 Change of SEC leadership: Trump announced he would fire SEC Chairman Gary Gensler.

🔥 Establish a "National Bitcoin Reserve": Create a national Bitcoin reserve, enhancing the United States' position in the digital asset market.

🔥 Make the United States the "Capital of Bitcoin and Cryptocurrency in the World": Position the United States as a leading hub for global Bitcoin and cryptocurrency.

🔥 Retain 100% of the government's BTC holdings: Commit not to sell 208,000 BTC owned by the government, aimed at preserving national asset value.

🔥 Exempt capital gains tax for Bitcoin: A policy to eliminate capital gains tax for Bitcoin will encourage investment and participation in this market.

🔥 Support Bitcoin mining in the U.S.: Trump wants to promote domestic Bitcoin mining, helping the U.S. increase its competitiveness.

🔥 End regulatory crackdown: Trump is committed to ending the "anti-cryptocurrency campaign."

🔥 Launch the “Advisory Council on Bitcoin and Cryptocurrency”: Establish an advisory council to guide the development of the cryptocurrency industry.

🔥 Protect personal digital asset ownership.

🔥 Oppose CBDC: Trump opposes the issuance of central bank digital currency, protecting financial freedom for the people.

🔥 Pardon Ross Ulbricht: Trump is committed to pardoning Ross Ulbricht, the founder of Silk Road.

These commitments from Trump demonstrate a vision to make the United States a robust, investor-friendly center for cryptocurrency development.

Is ETH Too Weak Compared to the Overall Market This Season?

Ethereum (ETH) is currently facing many challenges as direct competitors like Solana, TON, and Sui are rapidly developing. Solana stands out with its processing speed and low costs, attracting many DeFi and NFT projects that ETH previously dominated. TON leverages support from a large user community and integration with social networks, increasing pressure on ETH. Sui, although new, is proving its potential through scalability and attracting developers.

To address issues of cost and transaction speed, Ethereum has utilized Layer 2 solutions like Optimism, Arbitrum, and zkSync. While improving performance, these Layer 2 solutions also create complexity for users and sometimes lead investors to shift to other platforms, affecting the demand for ETH.

However, ETH still maintains its appeal to the community thanks to a rich dApp ecosystem, stability, and improvements such as the transition to Proof of Stake. Although investor confidence may be shaken by competition, ETH remains a reliable platform for long-term investment. Meanwhile, platforms like Solana and TON are more suitable for short-term strategies, especially for those seeking rapid growth.

The process of voting in the US Presidential Election (Vietnam time)

🔥November 5:
12:00: Voters in New Hampshire are the first to cast their votes. 18:00: Most polling places in the US begin to open, especially on the East Coast.

🔥November 6:
07:00 - 10:00: Many states gradually close polling places and begin counting votes, starting with battleground states like Georgia and North Carolina. Media outlets predict preliminary results in some states.
After 11:00: Results from many states are announced, providing a clearer picture of the election outcome, but if it's close, it may take longer to wait.

🔥Closing times for battleground states:
Georgia: 07:00
North Carolina: 07:30
Pennsylvania: 08:00
Michigan: 09:00 (depending on time zone)
Wisconsin: 09:00
Arizona: 09:00 (results reported after statewide reporting)
Nevada: 10:00 (announced after the last voter casts their ballot)

🔥Milestones after Election Day:
November 6 - December 11, 2024: States certify results.
December 17, 2024: The Electoral College votes officially.
January 6, 2025: Congress counts and certifies the results.
January 20, 2025: The President-elect is sworn in.

What do you think about this election? Don't forget to leave your personal opinion below.

Market update on November 4

BTC has undergone a deeper correction of over 6,000 in the past weekend. Currently, there is a price support around the range of 67,500 - 67,800.

Most time frames indicate a bottom formation around this area.

In the worst-case scenario, the price will return to retest the range of 65,800 - 66,000 before continuing its upward trend (golden line). However, in an optimistic scenario, BTC will rise from here.

This week the strongest news will be related to the elections, and it is highly likely that the price will kill both ends. MGS Trading recommends that everyone reduce their volume to protect their assets.

Wishing you an effective trading week.

FUTURE SIGNAL NUMBER 27
ET:0.972
TP/SL as shown
max vol 5%

Bitcoin and Gold Reach Peaks: Is the Market Overflowing with Money?
The continuous peaks in gold do not reflect an excess of liquidity, but are mainly due to concerns over economic instability and international conflicts. Gold is a safe-haven asset, attracting capital flows from investors looking to preserve value.

Meanwhile, Bitcoin (BTC) prices are rising due to capital flowing from altcoins, rather than new money entering the market. The price increase is also influenced by a 'liquidity trap' as short positions are liquidated. Expectations about Bitcoin ETFs, wars, and the US elections are also creating a short-term FOMO wave.

In terms of technical analysis, I personally believe BTC will have a trap pullback before entering a longer correction phase until early next year.

Personally, MGS prioritizes looking for short opportunities and will analyze the timing for buying altcoins in the next article.

Financial trading, especially cryptocurrency, is attractive due to its high profit potential, but in reality, 90% of traders often fail. The main reasons are not due to luck but factors such as:

⭐Lack of knowledge and skills: Many traders lack understanding of the market, capital management, and trading strategies. This leads to emotional decisions and lack of foundation.

⭐Herd mentality and FOMO: Being swept along by the crowd and the fear of missing out causes many to buy when prices have peaked, leading to losses when the market corrects.

⭐Poor risk management: Traders often use excessive leverage or fail to set stop-loss points, resulting in quick capital loss.

⭐Lack of patience and discipline: Not adhering to a plan, changing strategies when the market fluctuates, or trying to "recover" quickly are causes of continuous failure.

⭐Not understanding trading psychology: Emotions such as anxiety and greed often dominate decisions, causing traders to go against their own strategies.

⭐Lack of adaptability to the market: The market is always changing, and failing to update strategies will make traders prone to failure.

⭐Overconfidence or excessive fear: Being overly confident or fearful after losses both diminish the ability to make accurate decisions.

💰The failure of the majority of traders is not due to market factors but due to personal factors and poor management. To succeed, traders need solid knowledge, risk management skills, discipline, and a strong mindset. Patience and learning from mistakes are the keys to escaping this 90% failure.

UPDATE BTC VIEW ON 28/10

BTC has surged nearly 10,000 from the range of 58,800 to the range of 68,800 and has seen a correction.

On the H4 timeframe and above, it supports the bullish trend of BTC; however, the H1 timeframe shows that BTC needs a correction at this stage.

In the short term, it is likely that BTC will have a correction to the area of 66,500 and possibly to 66,000 before having another upward movement towards higher regions.

Additionally, BTC.D is around the resistance at 60%. If BTC.D reacts strongly around this price range, we can fully hope for a November explosion.

The above is MGS Trading's personal plan.
Wishing everyone a successful trading week.

🙄CAN solana still surge strongly in this phase?

🔥The weekend's BTC rekt has significantly impacted the entire market except for a few specific tokens. Notably among them is the solana ecosystem token group. SOL has shown its strength by surging sharply in recent days and moving towards a higher milestone.

💰In addition, the SOL meme tokens also have considerable trading volume.

- $GOAT (5.64M), $MICHI (4.03M), $POPCAT (3.26M), $FWOG (2.04M)
- $MEW (1.9M), #MOODENG (1.75M), $MINI (1.04M)
- $WIF (808k), $LOCKIN (743k), #FARTCOIN (721k)
—>$MICHI and $POPCAT remain the two most attractive names for Smart money this week.

🔥However, do not fomo too much in this phase. In the H4 timeframe, sol is in a trap retracement and gradually creating a divergent RSI signal. According to Temon's subjective assessment, SOL will correct after hitting the $188 mark, with a further target of $208.

⭐You should be cautious when fomoing in this phase. Wishing you successful trading.

💰Tracking Smart Money: 490 Times Account Growth in Just 2 Days

⭐A wallet address has recorded growth from 1,800 USD to 873,000 USD in 48 hours using a disciplined and intelligent investment strategy.

⭐Wallet Address:
3wj7ajoFkDWru2m3icULwe2JrCPht6f93NkNWKJwyBoG

⭐Trading Strategy
Instead of panic selling when the market plummets, this investor patiently waited for the price to recover to take profits. He implemented a strategy of selling in parts rather than selling everything at once to minimize risk and maximize profits.

⭐First Trade
The investor bought 36.27 million $Ban for 10.2 SOL. As the price rose, he sold 12 million $Ban, earning 56,900 USD. When $Ban dropped nearly 90%, he steadfastly held onto the tokens instead of succumbing to selling pressure.

⭐Seizing Opportunities
He continued to wait and caught another price increase, selling an additional 6.13 million $Ban and earning 80,700 USD, keeping 18.13 million $Ban in the wallet.

⭐Lesson
This strategy illustrates a professional investment mindset, patiently waiting for opportunities and taking profits with a plan. It serves as a classic example for investors, especially in the memecoin market, to learn from and apply in their strategies.

=>What do you think about such opportunities? Don't forget to leave your opinion below!!!!

BTC PLAN UPDATE 10/24

After the correction that was warned at the beginning of the week, BTC has now shown signs of forming 2 rising bottoms. In addition, RSI has shown signs of convergence on the H1 time frame.

Therefore, in the short term, we will prioritize Long over Short. I will consider opening buy positions when BTC returns to the 66,000 zone.

Cash flow is returning to the solana system like the increase in April.

This is a personal BTC plan from MGS Temon's perspective. You can refer to it to come up with a personal trading plan.
Wish you successful trading.

UPDATE VIEW BTC LAST WEEK OF OCTOBER

BTC has increased sharply in the past week from 62,800 to 69,500. Currently, the market is in a state of excitement leading to + DOM adjustment leading to most altcoins increasing slightly last night.

However, currently all indicators lead to BTC having a correction this week, BTC is expected to return to 69,500 to 70,800 before adjusting at least 2,000 price.

This week's plan will be to wait for recovery to watch for shorting down. Altcoins will be pushed according to their trend.

Above is the BTC plan for reference from MGS trading's perspective, you can refer to it to plan your trading accordingly.

Wish you successful trading.

UPDATE VIEW BTC 10/18

Currently, BTC has completed the first round to 66,600 as the team predicted before. In the short term, BTC will likely reach the 68,800 - 70,000 range.

In this round, I think BTC will be stronger than altcoins, so it is not surprising that altcoins will be on fire during BTC's strong increase.

In my personal plan, BTC will have 1 more round to test 67,300 - 65,500 before continuing to surpass the peak.

Those who have invested in spot as previously predicted should continue to hold on to their profits. There will be more spot signals in the near future.

Above is the BTC plan for reference from MGS trading's perspective. You can adjust it to suit your own plan. Wish you successful trading.

UPDATE VIEW BTC NEW WEEK 14-21/10

Last weekend, BTC tried to break the 63,600 barrier but failed. The sellers held the price very well around this area. Therefore, although the large time frames still support the medium-term increase, BTC will likely have to adjust 1 beat to gain momentum towards higher areas.

We expect BTC price to retest the 60,600 - 59,800 zone before breaking through the 63,600 resistance zone.

Now is the right time to enter the market for spot positions. As for futures investors, limit swing orders at the present time.

The above is a reference plan from the perspective of MGS trading, you can refer to it to come up with a suitable trading plan.

Wishing you successful trading.

WARNING FOR LONG/SHORT POSITIONS $DOGS AT THE CURRENT TIME.

Currently DOGS is in the process of increasing strongly, leading to a lot of fomo and resistance at the present time.

RSI is reaching 80 in many time frames. Therefore, we recommend that you wait for it to adjust to 0.72, then we will have a safer buy position.

DOGS recommendation:

Long limit DOGSUSDT
Entry: 0.0072
SL: 0.006889
TP: 0.0087

Harvest day has come to MGS trading. Our recent spot signals have continuously exploded in 8/10 positions, bringing positive profits to members in the past 2 months. As we said before, this period is the key stage to accumulate capital for the big battle in 2025.

It's never too late to make money. Follow us and we will accompany you in this big battle.

Let's make money and chill. Trading is so simple with MGS trading.

Sui has increased by nearly 10% since our recommendation to stop shorting SUI was posted this morning. Congratulations to those who read this article this morning.

The market is always full of opportunities, don't try to get lucky with the top and bottom bets. The way to survive in this market is 10% technical analysis, 90% your psychology.

Follow MGS Trading, we will accompany you in this uptrend season. Wish everyone a happy weekend.