_ALL-TIME HIGH:_ $0.6905 (recorded 3 years and 2 months ago)
_CURRENT DISCOUNT:_ -83.73% from all-time high (steep correction phase)
_OUTLOOK:_ DOGE is experiencing a pullback, down 4% in the last 24 hours. The historical performance suggests a bearish bias, and the current discount from the all-time high indicates a steep correction phase. This presents a potential buying opportunity for long-term investors. However, short-term traders should exercise caution and wait for a bullish reversal signal before entering a long position. Consider setting stop-loss orders to manage risk. #Dogecoinnews #DOGE #Trading #shabana #Write2Earn!
The latest economic data has sparked fears of a trading recession, leading to a sell-off of risky assets and a decline in market sentiment. Even the most optimistic bulls are feeling the pinch.
_REALITY CHECK_
Hopes of an interest rate cut have been dashed, and a US economic recession now seems increasingly likely. It's a stark reminder that market sentiment can shift quickly, leaving traders scrambling to adapt.
_KEEPING PERSPECTIVE_
In times of market downturn, good news is often overlooked. However, it's essential to remember that positive developments will eventually be reflected in the market.
_STRATEGY SHIFT_
Now is not the time to act impulsively. Instead, wait for the market to stabilize and bottom out before making your move. It's a challenging time for long positions, with many traders facing significant losses.
_HOLDING ON_
The current market conditions are tough, but it's crucial to stay calm and patient. The summer heat may have left longs feeling cold, but with the right strategy, you can weather the storm and come out stronger. #MarketInsights #TradingStrategy #shabana #Write2Earn! #RecessionFears
LIQUIDITY PROVIDERS ORCHESTRATE PRICE SURGEBe cautious, traders! The recent massive surge across multiple coins, including $SOL , $BTC , ETH, BNB, DOGE, WIF, and BONK, is driven by liquidity providers. This coordinated effort aims to liquidate short traders with high leverage.
HOW IT WORKS: 1. Sudden price increases across various cryptocurrencies2. Short traders with high leverage get caught in the dip and trapped3. Prices drop again, leaving traders struggling to recover COINS AFFECTED:
- SOL - BTC - ETH - BNB - DOGE - WIF - BONK
PROTECT YOURSELF:
- Be aware of artificial price increases - Avoid high leverage trading - Set stop-loss orders - Stay cautious and patient
REMEMBER: Liquidity providers will allow prices to fall back after achieving their goal of liquidating short positions. Don't get caught in the cycle of manipulation. Stay vigilant and adapt your trading strategies accordingly. #Trading #Cryptocurrency #shabana #Write2Earn! #MarketManipulation
_HISTORICAL PERFORMANCE:_ 49.84% of days, SOL closes above opening price (slightly bearish bias)
_ALL-TIME HIGH:_ $252.12 (recorded 2 years and 8 months ago)
_CURRENT DISCOUNT:_ -39.18% from all-time high (deep correction phase)
_OUTLOOK:_ Solana is experiencing a significant pullback, down 6% in the last 24 hours. The historical performance suggests a slightly bearish bias, and the current discount from the all-time high indicates a deep correction phase.
Keep a close eye on SOL's price action, as a break below support levels could lead to further decline. Consider waiting for a bullish reversal signal before entering a long position. #Solana #SOL #shabana #Write2Earn! #Trading #Cryptocurrency
CURRENT DISCOUNT:* -14.81% from all-time high (correction phase)
OUTLOOK:* Bitcoin is experiencing a short-term pullback, down 4% in the last 24 hours. Despite this, the historical performance suggests a slightly bullish bias. However, the current discount from the all-time high indicates a correction phase. Keep a close eye on BTC's price action, as a break below support levels could lead to further decline. #Bitcoin #BTC #Trading #Cryptocurrency #shabana #Write2Earn!
- Opened at $0.1192 (resistance level) - Down -4.75% from opening price (bearish momentum) - Rallied to $0.1196 (failed to break out)
*SHORT-TERM TREND:*
- Down -20.39% from 30-day high (correction) - Down -18.08% from 7-day high (consolidation) - Up 21.06% from 30-day low (support level) - Down -5.63% from 7-day low (stable)
*OUTLOOK:*
Dogecoin (DOGE) is experiencing a minor pullback after facing resistance at the $0.1196 level. Despite this, it's still showing signs of support and liquidity. Keep an eye on DOGE as it navigates this consolidation phase. Will it break out or continue to correct? #Dogecoin #DOGE #Trading #shabana #Write2Earn! #Cryptocurrency
_BEAR TRAP:_ Successfully held above $63,200, trapping bears below
_PRICE ACTION:_ Must hold above $63,200 to maintain bullish momentum
_WARNING:_ Dropping below $63,200 will lead to a sharp decline, making the chart look ugly
_TRADE RECOMMENDATION:_ As long as price holds above $63,200, it's reasonable to be bullish on BTC. Keep a close eye on this level, as a break below it could lead to a significant correction. #Bitcoin #BTC #shabana #Trading #TechnicalAnalysis #Write2Earn!
- Opened at $0.5967 (resistance level) - Down -6.45% from opening price (bearish momentum)
Short-Term Performance:
- Down -15.00% from 30-day high (correction) - Down -4.55% from 7-day high (consolidation) - Up 42.78% from 30-day low (support level)
XRP is experiencing a pullback, with a significant decline in price over the last 24 hours. Despite this, it's still showing signs of support and liquidity. Keep an eye on XRP as it navigates this volatile market. Will it rebound or continue to correct? #XRP #shabana #Ripple #Trading #Write2Earn! #Cryptocurrency
- Opened at $575.54 (resistance level) - Rallied to $577.02 (failed to break out) - Down -3.24% from opening price (bearish momentum)
Short-Term Trend:
- Down -7.98% from 30-day high (correction) - Down -6.70% from 7-day high (consolidation) - Up 21.93% from 30-day low (support level) - Up 0.45% from 7-day low (stable)
Binance Coin (BNB) is experiencing a minor pullback after facing resistance at the $577 level. Despite this, it's still showing signs of support and stability. Keep an eye on BNB as it navigates this consolidation phase. Will it break out or continue to correct? #BinanceCoin #BNB #Trading #Write2Earn! #shabana #Cryptocurrency
The king of cryptocurrencies is showing signs of strength, with a slight price increase and substantial trading volume. Keep an eye on BTC as it continues to dominate the market. Is this the start of a new uptrend? #Bitcoin #BTC #Trading #Cryptocurrency #shabana #Write2Earn!
$SOL is currently trading at $164.06, a slight dip from yesterday's price. However, it's worth noting that SOL has a proven track record of resilience, with approximately half of its trading days closing above its opening price. Additionally, it's still significantly below its all-time high, leaving room for potential growth. Keep this in mind! #Solana_Blockchain #SOL #solonapumping #Write2Earn! #shabana
Hey #MyFamily , have you checked out $XRP 's price recently? It's currently trading at $0.5763, which is a 5% drop in the last 24 hours. I'm keeping a close eye on it due to its volatility. Did you know that XRP's price closes above its opening price on nearly half of trading days - exactly 48.43%? Additionally, let's look at its all-time high of $3.32, which was reached 6 years and 6 months ago. We're now 82.64% below that high, which is a significant decline! What are your thoughts on XRP's price movement? Do you think it will rebound or continue to fall? Let's discuss! #XRPGoal #XRP_ETF #xrpsuccess #Write2Earn! #shabana
In a groundbreaking move, 6.2 billion PEPE tokens, valued at $6 million, have been removed from circulation through token burning during trades. This significant development showcases the vast potential of PEPE tokens. By reducing the market supply, the token burn naturally increases the value of the remaining PEPE tokens. Furthermore, the project's built-in deflationary mechanism ensures that the token count decreases with each transaction, making PEPE tokens increasingly scarce and potentially more valuable.
Although the current market conditions may not reflect this, the news is accurate, and the mechanisms are in place to support the long-term growth of PEPE tokens.