Top 5 profitable currencies of this weekšāļøšÆ
š„ Bitcoin (BTC) Bitcoin has found support near $50,500 and resistance near $53,000, indicating consolidation in a range channel. This is a positive sign indicating bulls are not in a rush to take profit. Increasing moving averages and the Relative Strength Index (RSI) nearing the overbought zone indicate bulls are in control. Closing prices above $53,000 could pave the way for a rally to $60,000.
š„Ethereum (ETH) Ethereum has been on a strong uptrend in recent days. Bears attempted to halt the upward movement near $3,000, but shallow corrections indicate bulls are unwilling to surrender and quickly buy Ethereum on any slight dip..
š„Uniswap (UNI) Uniswap surged above the $7.79 resistance on February 23, indicating bulls have taken control. The long shadow of the February 24 candle suggests aggressive profit-taking near $12.85. This initiated a downtrend, likely supported at the 50% Fibonacci retracement level, meaning $9.91. If the price increases from the current level, bulls will likely try to push the UNI/USDT pair to $11.63 and later to $12.85. Breaking above $12.85 could open the path to $17.
š„Filecoin (FIL) Bulls have been unable to keep Filecoin's price above the $8.12 resistance in recent days but still maintain control of the trend.
š„The Graph (GRT) The digital currency graph crossed the $0.23 resistance on February 18, indicating a resumption of the uptrend.
āļøRemember, Trading is the transfer of money from impatient to the patient! So Hold tight and wait! . Don't Lose Hope
āļø If position red , don't panic . Just wait . Don't sale. keep adequate in reserve to support temporary loss. sooner or later , Market will come back . Get green š
š Don't apply high leaverage until you have high reserves and damn sure about the results .
āļø Scalping good for new commers and for those who have less amount . Play safe.
š Key support levels for THETA are $1.13, $1.09, and $1.05 š Resistance levels are $1.21, $1.25, and $1.29.
š Technical indicators signal a bullish prediction for THETA, but it's crucial to monitor market sentiment, support and resistance levels, and other metrics moving forward.
š Investors should seek independent professional consultation before making any investment decisions.
10 Best Cryptos - Before the Next 2024 Crypto Bull Run.
1. Sui (SUI) One of the best altcoins that can benefit from the 2024 bull market is Sui (SUI). The Sui network has expanded at an astounding rate over the last few months, with a total value locked (TVL) increase of over 1,000%. 2. Solana (SOL) Solana (SOL) was one of the best cryptocurrencies to invest in in 2023, growing by more than tenfold. The platform outperforms Ethereum by utilizing both a proof-of-history (PoH) and proof-of-stake (PoS) approach, allowing it to handle many transactions in seconds. 3. Cardano (ADA) Cardano (ADA) is one of the most established blockchain projects, with its use only increasing every year. Cardano has continuously led Github in developer activity over the last year, demonstrating significant engagement and innovation among its community. 4. Meme Moguls (MGLS) Meme Moguls (MGLS) aims to transform the meme coin industry by combining meme coins and gaming under one tent. This new DeFi project is planning to develop an investment game that will teach players how to invest and diversify their portfolios. 5. Chainlink (LINK) Chainlink (LINK) has consistently been at the forefront of providing real-world data to smart contracts on the blockchain. With the real-world use of Chainlink only growing bigger, analysts have picked LINK as one of the top crypto coins to hold in 2024. 6. Ripple (XRP) Ripple (XRP), another well-known cryptocurrency, has a very specific use case. Its goal to fortify and streamline international money transfers is widely acknowledged. 7. Tron (TRX) Tron (TRX) has become a steady price ascent of 7.2% after consolidating in a narrow price range. The altcoin has pumped from a weekly low of $0.1229 to a high of $0.1325 8. Shiba Inu (SHIB) Like Dogecoin, Shiba Inu (SHIB) began as a lighthearted meme coin project. But over time, it has experienced enormous growth, ranking as the second-largest meme coin by market capitalization. 9. VET 10. DOT
2024 Up to $ 163.5 2027 Up to $ 450.5 2030 Up to $ 1400 2033 Up to $ 4150
Current SOL Value āļø The live Solana price today is $102.74 USD with a 24-hour trading volume of $2,080,775,160 USD. We update our SOL to USD price in real-time. Solana is down 2.64% in the last 24 hours. āļø The current CoinMarketCap ranking is #5, with a live market cap of $47,849,392,016 USD. It has a circulating supply of 440,841,625 SOL coins, and the max. supply is not available.
Price Analysis Solana's price analysis indicates downtrends forming as market weakness persists. SOL has lost almost 2.64% of its value in the last 24 hours and is currently trading below the $106.06 resistance level. āļøThe bearish trend has been dominating the market, with the price declining from $107.73 to its current value of $102.74. āļøThe support for SOL/USD is currently at $101.12, and a break below this level could lead to a further decline toward the key āļøsupport level of $98.00, potentially indicating a bearish trend in the near future. The current market sentiment is bearish, and it is likely to remain so until the coin shows signs of a bounce back. #SOLANAAAA
š According to BlockBeats, on February 24th, on-chain data analyst @ai_9684xtpa reported that DWF Labs deposited 10 million ORBS tokens, worth $390,000, into the Orbs Staking contract 9 hours ago. The data reveals that ORBS is the top holding token for DWF, with a total of 161 million ORBS tokens held, valued at $5.85 million.
š„ Take Long Position and invest with 20x leverage .Good opportunity.
Thanks to all my followers who did long position in fil as I told. Fil reached till 8.2. Now it will rest for 3-4 hours and then will touch 8.6. Fol me for profits. Read my previous post regarding fil. thanks for trust. Now for any update 2$ for expert analysis about any coin . 5 $ for any long signal . thanks
$BTC Flash Notice for Bitcoin Trader- Latest Update š„
āļø Next 3-4 Days . BTC will be Bearish . Market will be up and hot . Likely to touch 57k . š
š„ However , most expectedly and very probable that market will drop down to 42-45k. Likely to email Bearish for 2-3 wks. Then will rise again and will touch 60k
āļø Traders and especially newcomers to remain very cautious and limit trade especially from Saturday and Sunday to avoid huge loss
Factors that Leads to Heavy Losses in Future Trade - Avoidššššš
š Lack of Knowledge Trading futures requires understanding of market dynamics, technical analysis, risk management, and trading strategies. Without sufficient knowledge, traders may make poor decisions leading to losses.
š Overleveraging Using high leverage amplifies both gains and losses. While it can multiply profits in favorable conditions, it also increases the risk of significant losses if the market moves against the trader.
š Poor Risk Management: Failing to set stop-loss orders, risking too much capital on a single trade, or not diversifying the portfolio can lead to excessive losses.
š Emotional Trading Emotional reactions to market movements, such as fear of missing out (FOMO) or panic selling during downturns, can lead to impulsive decisions and losses.
š Market Volatility Cryptocurrency markets can be highly volatile, with prices fluctuating rapidly. Sudden price movements can trigger liquidations or stop-loss orders, resulting in losses.
š» Market Manipulation The cryptocurrency market is susceptible to manipulation due to its relatively low liquidity and lack of regulation. Traders may fall victim to pump and dump schemes or coordinated market manipulation.
š Insufficient Research Failing to conduct thorough research on assets, market trends, and news events can lead to uninformed trading decisions and losses.
š¹ Chasing Losses Trying to recover losses by increasing trade sizes or taking higher risks can exacerbate losses further, leading to a cycle of continued losses.
Important Factors to Consider for Avoiding Loss āļøšš„šÆš„š„āļø
š„ Always make sure to check the market trend before deciding to take a position.
š„ Never go against the market trend ,even if you clearly see a different trend on the individual chart ,going against the market trend will definitely result in loss, check the market trend for additional confirmation before placing the trade.
š„If the market shows a normal trend follow the trend of the respective charts, if market occupies a specific trend , strictly consider market trend above any individual chart trends.
š„ When the market is bullish ,avoid trading on bearish patterns ,since the market & the individual chart patterns are opposite, this creates an uncertainty in the price movement. Taking positions on such charts might lead to loss.
š„ Identify charts with continuous/smooth patterns ,trading on high volatile tokens may initially have favourable price movements, but there are high chances that they hit your SL before moving in the desired direction.
š„ Strictly maintain your SL & never try to catch trades on trend reversal. If the market is bearish ,only 'sell' ,never 'buy'.
š„Be aware of the false breakouts that occur reversing the direction of the priceflow, Do not enter the trades immediately, Turnaround or Price reversals are only possible when the whole market trend tends to reverse.
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