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Saminakhan
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$DOT 's price is looking pretty decent today, up 7% in the last 24 hours to $6.26. But let's put things into perspective - it's still a whopping 88% down from its all-time high of $53.31, which was way back 2 years and 8 months ago. I mean, that's a serious drop! The good news is that DOT has been closing above its opening price about half the time, so it's not all doom and gloom. Still, I'd say the trend is looking pretty bearish. Maybe there are some short-term opportunities for traders, but if you're in it for the long haul, you might want to proceed with caution.DYOR / NFA #DOT_UPDATE #dotcoin #Write2Earn!
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$BAKE looking weak, stuck in a descending triangle. Support at $0.25, resistance at $0.35. Break below $0.25 could lead to a big drop. Needs a push above $0.35 to revive. Current outlook: bearish. #bakebullish #Write2Earn!
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#MyFamily have you ever fallen for a bull trap in trading? It's frustrating, right? So, let's talk about how to avoid them. First, check the volume. If the price is rising but nobody's buying, it's a red flag. Genuine bullish momentum usually comes with a significant increase in volume. Next, watch out for resistance levels. If the price is struggling to break through a established level, it could be a bull trap. Multiple failed attempts to push past it may mean the bears are still in control. Also, keep an eye on technical indicators like RSI and MACD. If they're not aligning with the price action, it's a warning sign. For example, if the price is making higher highs but the RSI is failing to reach new heights, it might be a bull trap. And don't get caught up in news hype. If the price jumps solely due to positive news or sentiment, but the fundamentals haven't changed, the uptick may not be sustainable. Oh, and one more thing. If the price is rising rapidly without any clear justification, it might be a bull trap. Also, if big players aren't participating in the price increase, it may not be a genuine bullish move. And if the RSI is over 70 and still rising, it may be due for a correction. So, keep these warning signs in mind and you'll be less likely to fall for a bull trap! $BTC $BNB $ETH #BullTrap #Write2Earn! #Alert! #altsesaon
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$HOT 's technical analysis is looking intriguing! The 5% gain in 24 hours and potential breakout above $0.002 could signal a reversal. While it's still 94.03% below its all-time high, the historical data shows a slight bullish bias. I'd consider buying HOT on a breakout, targeting $0.005 with a stop-loss at $0.0015. What do you think? Is HOT a buying opportunity or a trap? #Hotbinance #Write2Earn! #BinanceTurns7 #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date
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$RVN _Technical Analysis:_ - RVN's 24-hour chart shows a symmetrical triangle formation, indicating a potential breakout. - The Relative Strength Index (RSI) is neutral at 45.34, suggesting a balance between buyers and sellers. - The 50-day Moving Average (MA) is flat, while the 200-day MA is bearish. __ RVN's chart is setting up for a potential breakout! The symmetrical triangle formation and neutral RSI suggest a squeeze is coming. I'm watching for a close above $0.0185 to confirm a bullish breakout. If successful, $0.025 is the next resistance level. Get ready to ride the wave!" _Recommendation:_ Buy RVN on a close above $0.0185, with a target price of $0.025. Set a stop-loss at $0.016. DYOR / NFA #RVN #RVNUSDT #Write2Earn!
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