Currently the crypto market is focused on the policies that will be taken by the US government. As traders we must be aware of this, because all decisions made by the US government will greatly impact the direction of the crypto market.
Currently there is news about the CBDC crypto coin and XRP which are accused of rejecting the Strategic Bitcoin Reserve (SBR)
$BTC SHORT LIQUIDATION ALERT $18,782K SHORT LIQUIDATION AT $104,929.3
IMMEDIATE ACTION REQUIRED A massive $18,782,000 worth of Bitcoin($BTC ) short positions have been liquidated at a price of $104,929.3, sparking a thrilling market dynamic.
MARKET ANALYSIS This sudden liquidation event has resulted in a surge in buying pressure, pushing the price of Bitcoin upwards. The market is now ripe for a potential rally.
ENTRY POINT Entry Point: $104,929.3 (current price)
Risk Reward Ratio = 1:2.5 (entry price to target 1) Risk Reward Ratio = 1:2.8 (entry price to target 2) Risk Reward Ratio = 1:3.5 (entry price to target 3)
CONCLUSION With a massive short liquidation event underway, the market is primed for a potential rally. We recommend entering a long position at the current price of $104,929.3 with a stop loss at $103,500 and targeting a 4.1% gain at $106,000. A risk reward ratio of 1:2.5 is expected, with potential targets at $108,000 and $110,000.
$TRX trying to break through the support zone, after a long consolidation today. also need to be aware of those who want to place a position, take a small leverage, not too high.
If it succeeds in breaking through the support point, there will be a bullish and a new ATH will be created
$HMSTR Keep holding until Q4 2024 - early 2025. !!!
Indeed, currently the $HMSTR coin is getting negative sentiment from the market and community. But remember that later in Q4 and early 2025, the price of $HMSTR will increase 10 times.
According to a source from Cointelegraph, the Hamster Kombat dev will do a buyback & burn on the coin. The point is to be patient and wait for the right time to sell