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There is no certainty, but with high probability, given the history of recent years, a cycle is about to repeat itself, and that is the #ALTSEASON . Well, you will all say, a little less so us investors and people who believed in the $WRX project. It's been years since NO ONE has bothered to #BURN on this token (as foreseen by the white paper) and when someone asks #NischalShetty on X (formerly Twitter) for explanations, he is either ignored or (as in my case) told that doing the burns (or recovering the three years of missed burns) is not his job but Binance's. No one knows what will happen on a legal level between the parties since they are in a lawsuit, but those who have been paying for it for years and those who will continue to pay for it indefinitely are us investors. WRX is a token that could potentially be worth tens of dollars, but now, because of this thing that happened between WazirX and Binance and because of the hacker attack that occurred in July on the Indian platform, it is close to zero. What will happen? The delist by Binance? The total disavowal? The definitive death of the token? The recovery? And if it happened, when would it be? How is it possible that after 2 years of court no, and I repeat NO, rumor has leaked about the matter? Why is no influencer interested in the matter, thus giving visibility to the story? Why do neither #CZ or @richardteng , rather than Nischal Shetty deign to give us any news about it? I would also like to point out another thing: why doe$s the CEO of #WaxirX say that it is not his job to create deflation by carrying out quarterly burns, but he is perfectly capable of giving away $WRX tokens every time his exchange has some problem? Remember when $SHIB had its ATH? Well, WazirX stopped working properly and the people who could not sell the token due to server problems, were compensated by the WazirX team with WRX tokens, thus creating INFLATION. So they do not do burns, but they have the right to give away tokens. What should we seriously expect from a hypothetical next #bullrun on altcoins?
There is no certainty, but with high probability, given the history of recent years, a cycle is about to repeat itself, and that is the #ALTSEASON . Well, you will all say, a little less so us investors and people who believed in the $WRX project. It's been years since NO ONE has bothered to #BURN on this token (as foreseen by the white paper) and when someone asks #NischalShetty on X (formerly Twitter) for explanations, he is either ignored or (as in my case) told that doing the burns (or recovering the three years of missed burns) is not his job but Binance's. No one knows what will happen on a legal level between the parties since they are in a lawsuit, but those who have been paying for it for years and those who will continue to pay for it indefinitely are us investors. WRX is a token that could potentially be worth tens of dollars, but now, because of this thing that happened between WazirX and Binance and because of the hacker attack that occurred in July on the Indian platform, it is close to zero. What will happen? The delist by Binance? The total disavowal? The definitive death of the token? The recovery? And if it happened, when would it be? How is it possible that after 2 years of court no, and I repeat NO, rumor has leaked about the matter? Why is no influencer interested in the matter, thus giving visibility to the story? Why do neither #CZ or @Richard Teng , rather than Nischal Shetty deign to give us any news about it? I would also like to point out another thing: why doe$s the CEO of #WaxirX say that it is not his job to create deflation by carrying out quarterly burns, but he is perfectly capable of giving away $WRX tokens every time his exchange has some problem? Remember when $SHIB had its ATH? Well, WazirX stopped working properly and the people who could not sell the token due to server problems, were compensated by the WazirX team with WRX tokens, thus creating INFLATION. So they do not do burns, but they have the right to give away tokens. What should we seriously expect from a hypothetical next #bullrun on altcoins?
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$THE is a big scam. 81% of the circulating supply is held by two whales (presumably themselves to control the price). I ask about X and never get a response
$THE is a big scam. 81% of the circulating supply is held by two whales (presumably themselves to control the price). I ask about X and never get a response
Mila Rose
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Bearish
$THE

/USDT Technical Analysis and Trade Strategy🎯🚀

Current Market Overview

Price: 2.1470 USDT

24h Change: -12.45%

24h High: 2.4859 USDT

24h Low: 2.0234 USDT

24h Volume (THE): 27.95 million THE

24h Volume (USDT): 63.12 million USDT

The THE/USDT pair is showing significant bearish pressure, trading near its 24h low. This decline may present a buying opportunity if a reversal pattern or key support holds.

Technical Indicators

Bollinger Bands: Price is near the lower Bollinger Band, suggesting potential oversold conditions.

RSI: Likely below 30, indicating the asset is oversold and may experience a rebound.

MACD: Bearish momentum is dominant, but watch for signs of a crossover or divergence to indicate a possible trend reversal.

Moving Averages: Price is trading below the 50-EMA, reinforcing a bearish trend. A move above the 50-EMA could signal a shift to bullish momentum.

Support & Resistance Levels

Support: 2.0234 USDT (24h Low)

Immediate Resistance: 2.4041 USDT

Major Resistance: 2.4859 USDT (24h High)

Trade Setup

Entry Points

1. First Entry: Near 2.0500 USDT if a bullish reversal pattern (e.g., bullish engulfing or hammer) appears.

2. Second Entry: If the price stabilizes above 2.1500 USDT with signs of buying strength.

3. Breakout Entry: Buy on a confirmed breakout above 2.4041 USDT with strong volume.

Stop Loss & Risk Management

Stop Loss: Place a stop loss at 2.0000 USDT to protect against further declines.

Risk/Reward Ratio: Aim for a 1:2 risk/reward ratio to ensure a balanced trade.

Target Levels 🎯

1. First Target: 2.4041 USDT (Immediate Resistance)

2. Second Target: 2.4859 USDT (24h High)

3. Third Target: 2.6000 USDT (Psychological Resistance)

Trade Strategy Summary

Buy on: Support at 2.0500 USDT or breakout above 2.4041 USDT.

Target Levels: 2.4041, 2.4859, 2.6000 USDT.

Stop Loss: Below 2.0000 USDT.

Risk/Reward: Maintain a 1:2 ratio or better.

Additional Tips

Volume Confirmation: Increased volume during a breakout or bounce confirms bullish momentum.
#MOVEOpening
This is a clear chart. $WRX no longer follows any rules. No matter if the price of $BTC goes up or down, WRX will always behave the same way. Why? How long do we have to put up with all this? 3 years of missing #burns (more than 12 missing burns means a lot of supply still in circulation which, if removed from circulation, would undoubtedly increase the value of the token both thanks to deflation and the hype of the news itself). #WazirX without a clear ownership because, after the facts, after more than a year since the start of the lawsuit between WazirX and #binance nothing new is known about the matter. WazirX hacked in July which still has not returned the funds to users (and probably never will). I wonder how it is possible that NO ONE cares about the matter. I wonder how it is possible that at the last Binance event in Dubai, NO INDIAN CRYPTO INFLUENCER had the decency to ask for clarifications. I wonder how the Indian Government has not yet taken action against the CEO of WazirX. I really wonder if one day things will seriously change because it is not right that those who have trusted you, are treated this way for years. Take a look at the WRX chart from the day of the listing on Binance today, it is totally indecent. Not to mention that all the tokens are taking advantage of this current bull run while the Indian exchange token continues to behave like any other stable coin. I still urge the parties to reach an agreement and finally put an end to this whole ugly matter. #NischalShetty #cz {spot}(WRXUSDT) {future}(BTCUSDT)
This is a clear chart. $WRX no longer follows any rules. No matter if the price of $BTC goes up or down, WRX will always behave the same way. Why? How long do we have to put up with all this? 3 years of missing #burns (more than 12 missing burns means a lot of supply still in circulation which, if removed from circulation, would undoubtedly increase the value of the token both thanks to deflation and the hype of the news itself). #WazirX without a clear ownership because, after the facts, after more than a year since the start of the lawsuit between WazirX and #binance nothing new is known about the matter. WazirX hacked in July which still has not returned the funds to users (and probably never will). I wonder how it is possible that NO ONE cares about the matter. I wonder how it is possible that at the last Binance event in Dubai, NO INDIAN CRYPTO INFLUENCER had the decency to ask for clarifications. I wonder how the Indian Government has not yet taken action against the CEO of WazirX. I really wonder if one day things will seriously change because it is not right that those who have trusted you, are treated this way for years. Take a look at the WRX chart from the day of the listing on Binance today, it is totally indecent. Not to mention that all the tokens are taking advantage of this current bull run while the Indian exchange token continues to behave like any other stable coin. I still urge the parties to reach an agreement and finally put an end to this whole ugly matter. #NischalShetty #cz
Binance VS WazirX - the endless fightI would like someone to intervene regarding the story involving #Binance and #WazirX . How is it possible that no one, I repeat, NO ONE gives us news regarding their legal case that has seen them fighting through teams of lawyers for over a year and a half? Is it possible that none of you have a minimum of respect towards those who believed in you and gave you their trust by putting their savings on your exchanges? I'll take $WRX as an example. #WRX is the WazirX token, listed on Binance,

Binance VS WazirX - the endless fight

I would like someone to intervene regarding the story involving #Binance and #WazirX . How is it possible that no one, I repeat, NO ONE gives us news regarding their legal case that has seen them fighting through teams of lawyers for over a year and a half? Is it possible that none of you have a minimum of respect towards those who believed in you and gave you their trust by putting their savings on your exchanges? I'll take $WRX as an example. #WRX is the WazirX token, listed on Binance,
Nischal Shetty has been getting away with it on several fronts for years. • He says he is not the owner but only the CEO of #WazirX. • He says it is not his job to burn the $WRX token but #Binance , but at the same time, Mr. Shetty allows himself to give away $WRX tokens during the last big bull run of the $SHIB token since the excessively high volumes had blocked the exchange thus making users unable to resell the token. Therefore, he cannot deflate the token by doing the #burn but he can inflate it by giving away the tokens and thus causing the price to collapse. • He claims to be suing Binance and with this excuse, for almost 2 years we have not even known who the owner of WazirX is, who has to sustain the various burns (as foreseen by the white paper among other things) and who, as in this case, has to take care of compensating their users as soon as possible. Personally, I find it ridiculous that the scandal is not yet global because this gentleman who lives in luxury is illegally withholding the money of users who had placed their trust in him and "his" exchange. He has been fooling people for years, first with the failed burns on WRX (for more than three years, 4 burns per year as expected) and now with this thing, and in any case, the ones who lose out are us investors/traders. It's really ridiculous as a thing but it's the reality of the facts. If in this wonderful world made by blockchain there was a minimum of regulation, people like Nischal Shetty would already be in prison and would remain there for a long, long time!
Nischal Shetty has been getting away with it on several fronts for years. • He says he is not the owner but only the CEO of #WazirX. • He says it is not his job to burn the $WRX token but #Binance , but at the same time, Mr. Shetty allows himself to give away $WRX tokens during the last big bull run of the $SHIB token since the excessively high volumes had blocked the exchange thus making users unable to resell the token. Therefore, he cannot deflate the token by doing the #burn but he can inflate it by giving away the tokens and thus causing the price to collapse. • He claims to be suing Binance and with this excuse, for almost 2 years we have not even known who the owner of WazirX is, who has to sustain the various burns (as foreseen by the white paper among other things) and who, as in this case, has to take care of compensating their users as soon as possible. Personally, I find it ridiculous that the scandal is not yet global because this gentleman who lives in luxury is illegally withholding the money of users who had placed their trust in him and "his" exchange. He has been fooling people for years, first with the failed burns on WRX (for more than three years, 4 burns per year as expected) and now with this thing, and in any case, the ones who lose out are us investors/traders. It's really ridiculous as a thing but it's the reality of the facts. If in this wonderful world made by blockchain there was a minimum of regulation, people like Nischal Shetty would already be in prison and would remain there for a long, long time!
After everything that is happening to Wazirx I draw my conclusions. Who pays the price? WRX. Always and only WRX. After the lawsuit between Wazirx and Binance over who owns the Indian exchange, the value of WRX has dropped, they haven't had scheduled burns for more than three years and Nischal Shetty, who has now launched his new Shardeum network, lives in Dubai and doesn't care about Wazirx anymore. What a shame because in 2021 it seemed like it could be a good exchange. It hurts to see that a token that could be worth 100 or 200 dollars is worth just 0.1 and that no one cares.
After everything that is happening to Wazirx I draw my conclusions. Who pays the price? WRX. Always and only WRX. After the lawsuit between Wazirx and Binance over who owns the Indian exchange, the value of WRX has dropped, they haven't had scheduled burns for more than three years and Nischal Shetty, who has now launched his new Shardeum network, lives in Dubai and doesn't care about Wazirx anymore. What a shame because in 2021 it seemed like it could be a good exchange. It hurts to see that a token that could be worth 100 or 200 dollars is worth just 0.1 and that no one cares.
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