A Perpetual cycle
Updated
"After some pull back there is often a take off with coins that have strong fundamentals."
📰 Latest News about PERP. 📣
" OKEx Adds PERP and Three More Tokens to Further Expand its DeFi Offering "
"Perpetual Protocol emerges as sixth-largest DEX after just one month"
A bit of Technical analysis 📈 📐
Macd just crossed the signal line indicating long positions are now favorable.
RSI came back from an oversold situation and is starting to climb up again.
latest Chart pattern shows us a bounce on the mid term channel support . Moreover in a shorter time frame we see kind of an agressive double bottom on this channel support.
The risk ratio is nice with a bit less then 4% from Stop Loss.
First target is at 10 % .
Trading plan would go as follow
✅ Optimal entry +/- 2% : 1380 sats
🎯 Target 1 : 1521 sats
🎯 Target 2 : 1667 sats
🎯 Target 3 : 1840 sats
* You could Take a bit of profit at each target and buy back.*
Financial Disclaimer
High Risk Investment
Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor. ICO's, IEO's, STO's and any other form of offering will not guarantee a return on your investment.
Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. HUB CRYPTO will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed on this site are owned by the respective writer and should never be considered as advice in any form.
HUB CRYPTO makes no representation or warranties as to the accuracy and or timelines of the information contained herein. A qualified professional should be consulted before making any financial decisions.
📰 Latest News about PERP. 📣
" OKEx Adds PERP and Three More Tokens to Further Expand its DeFi Offering "
"Perpetual Protocol emerges as sixth-largest DEX after just one month"
A bit of Technical analysis 📈 📐
Macd just crossed the signal line indicating long positions are now favorable.
RSI came back from an oversold situation and is starting to climb up again.
latest Chart pattern shows us a bounce on the mid term channel support . Moreover in a shorter time frame we see kind of an agressive double bottom on this channel support.
The risk ratio is nice with a bit less then 4% from Stop Loss.
First target is at 10 % .
Trading plan would go as follow
✅ Optimal entry +/- 2% : 1380 sats
🎯 Target 1 : 1521 sats
🎯 Target 2 : 1667 sats
🎯 Target 3 : 1840 sats
* You could Take a bit of profit at each target and buy back.*
Financial Disclaimer
High Risk Investment
Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor. ICO's, IEO's, STO's and any other form of offering will not guarantee a return on your investment.
Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. HUB CRYPTO will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed on this site are owned by the respective writer and should never be considered as advice in any form.
HUB CRYPTO makes no representation or warranties as to the accuracy and or timelines of the information contained herein. A qualified professional should be consulted before making any financial decisions.
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.