WazirX(WRX) | Trading Plan
Updated
Hello, everyone!
OVERVIEW
Let's take a look at the largest Indian cryptocurrency exchange, which is integrated to
Binance ecosystem. Key features are:
1)Instant INR (fiat) deposit and withdrawal options
2)World’s first auto-matching P2P engine with high
liquidity
3)80+ tokens
4)Login via Binance option
FUNDAMENTAL ANALYSIS
Product 7/10
Such innovative cryptoexchange with the Binance support performs a really top product in the cryptoexchanges sphere.
Tokenomics 5/10
45% of the total supply is in circulation. Total supply is unlimited. Tokenomics could be better but not so critical.
Partnerships 6/10
The Binance supports WazirX. It means that Binance is interested in WazirX expansion.
Exchanges 8/10
Binance, Poloniex and Tokocrypto and a lot of small exchanges listed WRX token which is really good for exchange's token.
Market Information 6/10
26X profit made the early investors, but the ATH was at $5.88 and the correction started in April 2021. I suppose that the price drop was sufficient for the new accumulation phase. I think the price easily can make 3-4X from the current price.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
OVERVIEW
Let's take a look at the largest Indian cryptocurrency exchange, which is integrated to
Binance ecosystem. Key features are:
1)Instant INR (fiat) deposit and withdrawal options
2)World’s first auto-matching P2P engine with high
liquidity
3)80+ tokens
4)Login via Binance option
FUNDAMENTAL ANALYSIS
Product 7/10
Such innovative cryptoexchange with the Binance support performs a really top product in the cryptoexchanges sphere.
Tokenomics 5/10
45% of the total supply is in circulation. Total supply is unlimited. Tokenomics could be better but not so critical.
Partnerships 6/10
The Binance supports WazirX. It means that Binance is interested in WazirX expansion.
Exchanges 8/10
Binance, Poloniex and Tokocrypto and a lot of small exchanges listed WRX token which is really good for exchange's token.
Market Information 6/10
26X profit made the early investors, but the ATH was at $5.88 and the correction started in April 2021. I suppose that the price drop was sufficient for the new accumulation phase. I think the price easily can make 3-4X from the current price.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Note
Note
TRADING PLANI bought 25% at the current price. You can tell me that the price is not on the lower Bollinger band, but I think that the overall WRX correction is enough for safe purchase. Even if price will go lower, I buy 25% more at the lower Bollinger band and after that decide when to buy the rest 50%. Watch out my trading decisions with WRX here.
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