As expected earlier, $ENA after consolidating in 0.85-0.88 range tested its limits to reach $1 today. The main resistance lies above in $1.2-1.25. But before moving forward it really needs some solid grounds to test and break it. Those who want to make entry must wait for ENA to consolidate in 0.92-0.96 and then can jump in. Patience is key to success and FOMO is profit killer. #ENAonFire #BlackRock #BTC
$PEPE faced a strong resistance in 0.00900-0. 00920. It now needs a break and strong support from major support zone of 0.00720-0.00750 before pushing its limits to next targets. This retracement can be seen as an opportunity for opening a short position.
Following the $BTC dump to 56k level, the #altcoin market cap (TOTAL 2) has bounced back from the support area. The massive push in altcoins like $PEPE $GLM was an outcome of that bounce. Now we may see the altcoin total marketcap moving towards the resistance area of $1.20 Tr - $1.25 Tr. So tight stoploss in all altcoins positions is recommended.
$ENA break outs from its Falling Wedge pattern and faced rejection in the area of 0.93 - 0.95. Currently it is consolidating in the range of 0.85-0.88. In coming days, upside movement is expected. $ENA
Trading is 90% time waiting for the opportunity and making strategy for your trade. If you enter too early you end up losing your capital. #altcoins #FRONTUSDT $FRONT
When investing in meme coins. One should always be careful no matter you are opening a short position or long. Meme coins like pepe can be really unpredictable. The essence of sustainable trading is to protect your portfolio by selecting right lev and mode alongwith position size and entry point. $PEPE #altcoins #bitcoinhalving #Memecoins