$1INCH /USDT
When trading in financial markets, understanding the concepts of support and resistance is crucial. **Support** refers to a price level where a downtrend can be expected to pause due to a concentration of demand. As the price declines towards support, buyers become more inclined to purchase the asset, preventing it from falling further. This area can be identified by previous lows, moving averages, or Fibonacci levels, among other indicators.
**Resistance**, on the other hand, is the oppositeâa price level where an uptrend can be expected to pause due to a concentration of selling interest. As the price rises toward resistance, sellers become more inclined to sell the asset, preventing it from climbing higher. Like support, resistance can be identified using various tools like previous highs, trendlines, or specific technical indicators.
Traders use these levels to make informed decisions. A break above resistance could signal the continuation of an uptrend, while a break below support might indicate the beginning of a downtrend. However, these levels are not infallible and can be breached, leading to new support and resistance levels being established. Understanding these#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
{spot}(1INCHUSDT)
Bitcoin â Can We Have That Final Push?
It felt like the entire crypto community switched to the super-bullish mode yesterday.
âą Bitcoin pumped above 61k
âą Tron meme coins skyrocketed
âą Tons of altcoins broke out of long-term resistance
I don't want to crash the party. But we shouldn't go crazy too early.
Personally, I entered a couple of trades (e.g., THETA, FLOKI, and others) and watched many tokens closely.
However, I know it's risky as long as Bitcoin can't close above 61k.
So far, Bitcoin has been rejected at this level (once again). However, it looks like the bulls are willing to fight this battle until they win this time.
Therefore, I am optimistic that Bitcoin can pump above 61k and ignite a run. However, until this happens, I remain cautious and don't rush blindly into a ton of trades.
Always bear in mind: Risk management > Increasing Profits!
$BTC #bitcoinâïž
**Crypto Compliance Key to Reasonable Regulations in the US**
As cryptocurrency gains traction, US regulators are tightening standards around crypto reporting and trading rules. Experts argue that harsh restrictions may stem from a lack of understanding of digital assets.
Blake Benthall, founder of compliance startup Fathom(x), believes that crypto compliance firms can help shape effective regulations. Benthall, who once ran the illicit Silk Road 2.0, now collaborates with the FBI to crack down on crypto crimes.
Vincent DâAgostino, a former FBI agent, stresses the need for crypto companies to educate regulators to avoid stifling the industry. Major players like Coinbase and Binance are already working with global regulators to set compliance standards.
Despite these efforts, challenges remain. Antiquated views and cultural differences within the industry can hinder progress. A new US bill aims to expand the Secret Serviceâs powers to combat crypto-related crimes, highlighting the ongoing regulatory evolution.
$LINK
{spot}(LINKUSDT)
{future}(LINKUSDT)
The #LINK/USDT trading pair has demonstrated a powerful upward move, as reflected in the 1-hour chart. After a period of consolidation within the range of $10.02 to $10.58, the price broke out and surged to $11.71 before settling around $11.43. This breakout presents a clear example of a favorable risk-reward ratio
The red zone around $10.02 to $10.58 marks the risk area, while the green zone represents the potential reward zone, where the price has already pushed significantly higher. Traders who identified and acted on this setup have effectively managed their risk while capturing substantial gains, capitalizing on the market's bullish momentum.
This kind of setup is ideal for those looking to maximize returns while keeping risk under control, showcasing the importance of strategic planning and execution in trading.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research before making any trading decisions.
#BecomeCreator  #6thTrade  #Market_Update e #MarketSentimentToday
DOGS is listed on Binance now it's BLUM's turn. đȘđ°đžđ€
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#BlumCrypto #BLUM #dogs #notcoin #Toncoin
**Ocean Protocol Delays Incentive Program for Crucial Updates**
Ocean Protocol has postponed its much-anticipated Ocean Nodes Incentive Program to August 29. The delay aims to address essential back-end updates and ensure a fair experience for all participants.
The Ocean team discovered and resolved several issues in the monitoring system responsible for tracking node performance. These fixes are crucial for maintaining program fairness.
Additionally, the Ocean Nodes Dashboard has been upgraded for better user experience, featuring new sorting, filtering, and customizable columns.
In related news, Ocean Protocol's native token has been converted to Fetch.ai (FET) as part of the ASI merger, with final stages still pending.