Market update about $ETH đ It's showing a powerful increase after a successful retest of the ascending triangle, confirming the analysis. The present momentum indicates that the upward trend is likely to persist.
The market appears bullish, but a crucial warningđšđš:
The funding rate for Altcoins is notably high â , indicating potential for scam liquidation wicks.
There's a chance the market could experience wicks and liquidate overleveraged traders. Subsequently, the market might recover, but those in high leverage positions risk losing everything. #FutureSignals #futuers
$DEGO Analysis đ $DEGO is up by 21% with 25.78M volume: - Notable upward momentum occurred after the trendline breakout, surpassing a significant support/resistance level. - An entry opportunity arises with a potential breakout retest above this established level. - Observing for sustained confirmation of upward movement during this retest can signal a favorable entry point. #analysis #dego #signal
$LINK seems bearish, just broke the current resistance, we will wait for confirmation and if we tested the resistance that means it's a short signal !
1-Short-term Downtrend: The latest price action shows a dip below the short-term moving averages, indicating a recent downtrend. 2-Increased Selling Pressure: A spike in volume coincides with a large red candle, suggesting a significant sell-off recently occurred. #Signalđ„ #FutureTradding #LINK/USDTđ
5 Strategies to Identify and Outsmart Crypto Fake Outs
Wait for Confirmation: Look for additional signs that support the price movement beyond the initial break of a support or resistance level.Use Technical Indicators: Employ tools like RSI or MACD to verify the strength and validity of the breakout.Set Stop-Loss Orders: Protect your investment from significant losses by setting a stop-loss order at a predetermined price level.Analyze Trading Volume: A genuine breakout is often accompanied by an increase in trading volume. A lack of volume can sign
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