Get started

DEFI

#JASMYUSDT #4h (Binance Futures) Descending channel breakoutJasmyCoin formed a bull flag and is pulling back to 100EMA support, looks good for bullish continuation especially after that previous hammer. ⚡️⚡️ #JASMY/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (3.0X) Amount: 6.1% Current Price: 0.035194 Entry Targets: 1) 0.035153 Take-Profit Targets: 1) 0.046679 Stop Targets: 1) 0.029376 Published By: @Zblaba CRYPTOCAP:JASMY BINANCE:JASMYUSDT.P #JasmyCoin #IoT jasmy.co.jp Risk/Reward= 1:2.0 Expected Profit= +98.4% Possible Loss= -49.3% Estimated Gaintime= 1 week
Long
by TradingOn
Roundtrips are part of speculation. #HEX could go back to 1 SatThis is Hex, on ethereum, in it's entriety. This is not a prediction. As in, I Believe this will happen, with massive conviction. But do I believe, it has a chance, of occurring? Absolutely! Richard pre loaded the HEX launch with 25 thousand followers. And hours of streaming on youtube. 5 thousand got into HEX around the launch. There are literally thousands of people, who are still MASSIVELY in profit versus #Bitcoin. This is not a strong base for an altcoin like HEX, to go on a Bull Run. The long term staking has in my opinion not allowed a proper capitulation / abandonment of the coins. Imagine #Bitcoin goes on to do a 3X to it's top. 1 satoshi would be $0.00145 Now do you believe?
CRYPTO:HEXUSD
by BallaJi
21
Comprehensive Analysis of TON Ecosystem🔍 Today, we will conduct a thorough and comprehensive analysis, focusing specifically on the TON network ecosystem. Bitcoin Analysis 📈 After reaching the support level at 66036, Bitcoin experienced a fake breakout. Following this, several supportive candles formed, and currently, the price is moving slightly away from the support level with increasing buying volume. 📊 With a breakout above 44.18 in the RSI, we can get a confirmation from the RSI indicator. After this, we should wait for price confirmation as well. 🕒 The riskiest entry point for a long position could be the short-term resistance at 66363. However, since today is Sunday and the market is closed, I prefer not to open a position at this resistance. Instead, I will wait for the price to reach 67110 and observe its reaction to this level. 🚀 If it breaks this level, I will open a position. The next trigger for a long position would be at 70108. Once the price reaches 71500, it will enter a strong supply zone, and I prefer to wait for a breakout above this zone. 📉 For a short position, I will consider it after breaking 66036, depending on Bitcoin's dominance trend. I believe Bitcoin will range until tomorrow, which will allow the new week to start and the SMA25 to catch up with the candles, potentially bringing momentum back into the market. TON Ecosystem Analysis 🌐 First, let’s discuss the fascinating ecosystem of the TON blockchain to understand its role in the crypto space. The initial section involves airdrops and shitcoins, starting with the NOTCOIN project, which operated as a tap-to-earn mechanism, rewarding users with NOT tokens for every click. This project gained substantial user traction and was listed on Binance. 👥 Following NOTCOIN, other projects like tapswap, Blum, and Hamster Combat emerged. Notably, Hamster Combat has over 100 million active users and 37 million Telegram subscribers. This significant user base suggests that airdropping this token could onboard over 100 million users onto the TON blockchain, greatly contributing to network growth. 📈 Given the popularity of these projects on social media, this number could potentially reach 200 million or more. This is one of the primary reasons why the TON blockchain can thrive, which could subsequently drive the TON coin's price upward. 💧 The next section is the DeFi space on the TON blockchain. According to a recent announcement from the TON team, liquidity providers can now farm TON tokens by creating LP tokens on the TON blockchain, which is excellent news. 🌱 As illustrated, the stonfi project, a platform for creating LP tokens on the TON blockchain, offers exceptionally high APRs, like 700% and 565%, which can attract many users. 📈 The rest of the TON ecosystem is also detailed in the image provided, which includes more projects. In addition to the ones mentioned above, I have included projects like Tonup, Storm, DAO Lama, and Fragment. These are among the most reputable Telegram projects, each contributing to the blockchain’s growth. 🚀 For instance, Tonup is a launchpad project where you can find and invest in projects during their presale phases, potentially yielding significant profits if the projects succeed. However, it is crucial to research thoroughly before investing, as this can be quite risky and may involve scams. 🏦 Storm is a DEX that allows you to open futures positions in a decentralized manner, similar to Ethereum projects like dydx and gns but specifically on the TON blockchain. DAO Lama is a platform for buying and selling NFTs, staking them for rewards, or using them as collateral to borrow TON coins. 📲 Lastly, Fragment is an exceptional platform where you can perform various tasks within Telegram, such as purchasing usernames, special Telegram numbers, premium subscriptions with TON coins, and advertising in different channels, all powered by blockchain. TON Chart Analysis 📈 Now, let’s examine the chart to identify potential entry points for this exciting project. The resistance at 7.339 has been broken, and the price is at its ATH, making it impossible to draw resistance levels based on historical data. 📊 However, using the weekly wave Fibonacci extension, as indicated in previous analyses, the price has reached the 1.618 level, rested for a while, and is now moving upwards, breaking the 1.618 level along with the 7.339 resistance. The high volume of bullish candles confirms the uptrend. 🎯 The nearest target for TON is the 2 Fibonacci level, approximately around $10. Given the project hype, as elaborated earlier, it could easily reach this target and potentially go higher. 🔍 In the RSI indicator, we have a critical resistance overlapping with the overbought level (70). Breaking this area could lead to a significant price pump. For trading TON futures, we should switch to the 4-hour timeframe for more detailed insights. 📉 In this timeframe, there was a significant resistance at 7.765, and the price is currently pulling back to it. However, the pullback isn't complete yet, and we can only confirm the pullback after breaking 8.186. 📈 If it does, the parabolic trendline on the chart will be reliable, potentially leading to a parabolic upward move. The futures targets are 9.2 and $10. The RSI trigger at the 70 resistance could also bring momentum into the market upon breaking. 🚫 For a short position, it is advisable not to open one on TON due to its strong upward trend. There are better coins for shorting that are in a downtrend. Nonetheless, the short trigger is at 6.793, but I personally wouldn’t open a short position on TON. 📉 For spot buying, it’s recommended to wait for a pullback and enter during the correction, or move to lower timeframes for entry, though this increases risk. It’s advisable to wait for a confirmation candle if no pullback occurs. 🛑 In case the price reverses downward, having a stop loss is crucial to limit losses. Breaking 6.208 could signal the end of the bullish momentum. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Long
by itsparham96
6
Uniswap(uni) Technical Analysis: Potential Pump In 4H Time Frame🔍Project Overview Uniswap is a decentralized finance (DeFi) protocol based on Ethereum, allowing users to act as liquidity providers or to swap tokens. It has gained significant attention due to its extensive features in the DeFi space. 🧩Key Support and Resistance Levels Major Resistances: 11.567 13.338 Major Supports: 9.412 8.947 8.226 6.768 📅Current Situation Resistance Level: The price of Uniswap is near the resistance level of 11.567. A breakout above this level could lead to further price increases. 📊Volume and Candles: Trading volume is increasing, and green candles indicate strong buying pressure, suggesting potential for more upward movement. 🕸Relative Strength Index (RSI) RSI Level: The RSI is at 63.07. A breakout above 65.93 could be an early confirmation for breaking the 11.567 resistance level. 👨‍💻Trading Scenarios Long Position (Buy) Entry Condition: Breakout above 11.567 confirmed by high trading volume and RSI breaking above 65.93. Strategy: If confirmed, consider opening a long position, targeting the next resistance levels at 13.338 and higher. Short Position (Sell) Entry Condition: Reaction to the 9.412 level and its subsequent break on the second attempt. Strategy: If confirmed, consider opening a short position, targeting the next support level at 8.947. If there's no reaction to this level, wait for a break below 8.947 before entering. Weekly Time Frame Analysis 🛒Spot Buying Strategy: Given the SMA 7 and 25 cross and the strong recent candles, buying in spot can be suitable. The target for this strategy could be the all-time high (ATH) at $43, providing approximately 300% potential profit. 📝Uniswap is currently in a strong bullish trend, and breaking key resistance levels could lead to further price increases. The outlined technical analysis and trading strategies can help guide your trading decisions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
2
Ocean merger with Fet and Agix offers opportunityOCEAN, FET and AGIX look to be migrating to ASI This is a very interesting move as we see the market began a wave of M&A. It is important to keep an eye on these developments and can be a sign of industry about to send it higher. OCEAN opportunity With OCEAN being on OP it offers a low cost gas fee to buy into. It looks like it will have the lowest conversion rate of 1 OCEAN = 0.433226 ASI while 1 AGIX = 0.433350 ASI and 1 FET = 1 ASI. This is quite fair considering current prices. This merger could lead to be a bit of volatility Must be careful of the swings created by this expectations and speculations. While migration may offer an opportunity for OCEAN holders there is also significant risk. Ideally, ASI will be better placed come bull market but can be safest to wait for ideal entries to reduce risk.
COINBASE:OCEANUSDLong
by SoftQuant
#CETUSUSDT #1D (ByBit) Descending wedge breakoutCetus Protocol regained 50MA support and looks good for bullish continuation, mid-term. ⚡️⚡️ #CETUS/USDT ⚡️⚡️ Exchanges: ByBit USDT, OKX Futures, KuCoin Futures Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.7% Current Price: 0.11343 Entry Zone: 0.11331 - 0.10729 Take-Profit Targets: 1) 0.13344 1) 0.15086 1) 0.16829 Stop Targets: 1) 0.09094 Published By: @Zblaba $CETUS BYBIT:CETUSUSDT.P #CetusProtocol cetus.zone Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +42.0% | +73.5% | +105.1% Possible Loss= -35.1% Estimated Gaintime= 1-2 months
Long
by TradingOn
ORDI /BTC - Capitalizing on DeFi Innovation in the BRC20 MarketWith the advent of the Fairlight fToken Protocol by Fairlight Protocol & CLTV finance, the DeFi landscape on the Bitcoin network is poised for significant transformation. This protocol introduces a novel mechanism for locking assets within the Layer 1 Bitcoin network (with a current live / ongoing staking campaign), enhancing security and trustworthiness in DeFi operations. Key Innovations Driving ORDI/BTC Strength: Asset Locking on Bitcoin L1 : The Fairlight fToken Protocol allows for the secure locking of brc20 tokens like 'FCDP,' 'OSHI,' 'SATS,' and 'ORDI' directly on the Bitcoin network. This integration leverages Bitcoin’s robust security infrastructure, increasing confidence in the DeFi applications utilizing these tokens. Enhanced Liquidity and Flexibility: By converting deposited brc20 tokens into corresponding fTokens (e.g., 'ORDI' to 'fORDI'), the protocol enhances liquidity within the ecosystem. This process ensures that users can manage their assets more efficiently and securely. Future Expansion: The protocol’s plan to support other brc20 assets, Bitcoin, and Rune tokens indicates a broader scope of application, potentially attracting more users and increasing ORDI's utility and demand. Economic Incentives: The strategic use of fTokens and a structured fee system incentivizes deposits, particularly of ORDI and SATS tokens, bolstering the protocol's economic stability and fostering a more engaged user base. Security and Risk Management: With regular audits, data encryption, and continuous monitoring, the Fairlight Protocol ensures a secure environment for DeFi operations. These measures, combined with dynamic risk management strategies, make the protocol resilient against market volatility. Technical Robustness: Powered by sophisticated smart contracts, the protocol manages operations like minting, borrowing, repayment, and liquidation seamlessly, ensuring a user-friendly experience. Market Implications: As the Fairlight fToken Protocol gains traction, the inherent demand for ORDI is likely to increase, driven by its pivotal role within the protocol. This anticipated rise in demand and utilization should reflect positively on the ORDI/BTC pair, indicating potential bullish momentum. Trade Strategy: Given these factors, the ORDI/BTC pair (and other strong BRC20's) show promise for an upward trend as the market absorbs the implications of this innovative DeFi protocol on the Bitcoin network. Traders might consider positioning themselves to capitalize on this potential movement, keeping an eye on key technical levels and market sentiment shifts influenced by the protocol’s developments. Tokens connected to CLTV Finance currently are $FCDP & $OSHI - currently offering rewards via staking in way of $CLTV. This initial skating campaign will conclude on 9th June, with the next staking campaign bringing new BRC20 locking options. From Fairlight: "The Fairlight fToken Protocol is poised to set a new standard in blockchain finance. By leveraging the unique capabilities of the Bitcoin network and brc20 tokens, particularly SATS, the protocol offers a comprehensive and innovative approach to DeFi. Its focus on user empowerment, security, and sustainability positions Fairlight as a transformative force in the decentralized finance arena, poised to redefine user interactions and financial management in the blockchain ecosystem."
Long
by E9XBT
#YFIUSDT #4h (OKX Futures) Falling wedge breakoutYearn Finance regained 100EMA support then pulled back to it after forming a dragonfly doji, looks like bullish continuation is in play. ⚡️⚡️ #YFI/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Long) Leverage: Isolated (9.0X) Amount: 4.9% Current Price: 7065 Entry Targets: 1) 7056 Take-Profit Targets: 1) 7374 Stop Targets: 1) 6897 Published By: @Zblaba CRYPTOCAP:YFI OKX:YFIUSDT.P #YearnFinance #DeFi yearn.fi Risk/Reward= 1:2.0 Expected Profit= +40.6% Possible Loss= -20.3% Estimated Gaintime= 1 week
Long
by TradingOn
ORDI - BITCOIN SUMMERWith the advent of the Fairlight fToken Protocol by Fairlight Protocol & CLTV finance, the DeFi landscape on the Bitcoin network is poised for significant transformation. This protocol introduces a novel mechanism for locking assets within the Layer 1 Bitcoin network (with a current live / ongoing staking campaign), enhancing security and trustworthiness in DeFi operations. Key Innovations Driving ORDI/BTC Strength: Asset Locking on Bitcoin L1: The Fairlight fToken Protocol allows for the secure locking of brc20 tokens like 'FCDP,' 'OSHI,' 'SATS,' and 'ORDI' directly on the Bitcoin network. This integration leverages Bitcoin’s robust security infrastructure, increasing confidence in the DeFi applications utilizing these tokens. Enhanced Liquidity and Flexibility: By converting deposited brc20 tokens into corresponding fTokens (e.g., 'ORDI' to 'fORDI'), the protocol enhances liquidity within the ecosystem. This process ensures that users can manage their assets more efficiently and securely. Future Expansion: The protocol’s plan to support other brc20 assets, Bitcoin, and Rune tokens indicates a broader scope of application, potentially attracting more users and increasing ORDI's utility and demand. Economic Incentives: The strategic use of fTokens and a structured fee system incentivizes deposits, particularly of ORDI and SATS tokens, bolstering the protocol's economic stability and fostering a more engaged user base. Security and Risk Management: With regular audits, data encryption, and continuous monitoring, the Fairlight Protocol ensures a secure environment for DeFi operations. These measures, combined with dynamic risk management strategies, make the protocol resilient against market volatility. Technical Robustness: Powered by sophisticated smart contracts, the protocol manages operations like minting, borrowing, repayment, and liquidation seamlessly, ensuring a user-friendly experience. Market Implications: As the Fairlight fToken Protocol gains traction, the inherent demand for ORDI is likely to increase, driven by its pivotal role within the protocol. This anticipated rise in demand and utilization should reflect positively on the ORDI/BTC pair, indicating potential bullish momentum. Trade Strategy: Given these factors, the ORDI/BTC pair (and other strong BRC20's) show promise for an upward trend as the market absorbs the implications of this innovative DeFi protocol on the Bitcoin network. Traders might consider positioning themselves to capitalize on this potential movement, keeping an eye on key technical levels and market sentiment shifts influenced by the protocol’s developments. Tokens connected to CLTV Finance currently are $FCDP & $OSHI - currently offering rewards via staking in way of $CLTV. This initial skating campaign will conclude on 9th June, with the next staking campaign bringing new BRC20 locking options. From Fairlight: "The Fairlight fToken Protocol is poised to set a new standard in blockchain finance. By leveraging the unique capabilities of the Bitcoin network and brc20 tokens, particularly SATS, the protocol offers a comprehensive and innovative approach to DeFi. Its focus on user empowerment, security, and sustainability positions Fairlight as a transformative force in the decentralized finance arena, poised to redefine user interactions and financial management in the blockchain ecosystem."
Long
by E9XBT
#NMRUSDT #4h (OKX Futures) Ascending trendline breakdownNumeraire lost 50MA support, going down for 200MA seems quite probable next. ⚡️⚡️ #NMR/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Short) Leverage: Isolated (5.0X) Amount: 5.1% Current Price: 28.77 Entry Targets: 1) 28.96 Take-Profit Targets: 1) 26.68 Stop Targets: 1) 30.1 Published By: @Zblaba NYSE:NMR OKX:NMRUSDT.P #Numeraire #AI #BigData numer.ai Risk/Reward= 1:2.0 Expected Profit= +39.4% Possible Loss= -19.7% Estimated Gaintime= 1 week
Short
by TradingOn
2
Fantom 600% Potential in Long TermElliott Wave Pattern: The chart shows a complete Elliott Wave pattern with the sequence 1-2-3-4-5 followed by an ABC correction. Currently, FTM is in the initial phase of the third wave of the new cycle, which signals the potential for significant upside ahead. Fibonacci Retracement Level: FTM has tested the 0.382 Fibonacci retracement level several times as strong support. This provides an indication that the price is likely to respect this technical level, which is usually a positive sign for potential further upside. Moving Average: The 21-week Exponential Moving Average (EMA) shows an uptrend. When price is above this EMA, it usually indicates bullish momentum. Price Target: The price target projection using Fibonacci extensions suggests that the price could reach around $5.55 in the anticipated wave 3 phase. This provides interesting upside potential from the current level of around $0.82. Sentiment and Fundamental Analysis: Based on the latest analysis and predictions, the Fantom project has growth potential supported by the adoption of new technologies and collaborations in the DeFi and dApps ecosystem.
CRYPTO:FTMUSDLong
by CryptoWizard_
Market Analysis and UNI Coin Technical Analysis🔍The market has not yet made the sharp move we expect in the coming days, but I recommend keeping a close eye on the chart. The volume is very low, and the market could start its upward move in the next few days. 📆Coin of the Day: UNI (Uniswap) About the Project Uniswap is a decentralized exchange (DEX) project that allows users to trade cryptocurrencies in a decentralized environment without the need for identity verification. Additionally, because it is a decentralized exchange, anyone can become a liquidity provider and earn fees from the trades conducted on the platform. 🧩Technical Analysis 4-Hour Timeframe After the previous analysis, where I mentioned that breaking 8.226 could lead us to the target of 10.521, we saw this happen as the price not only reached but surpassed this target, hitting a peak of 11.733. Currently, the market is in a correction phase, and we have retraced to the 0.382 Fibonacci level. Given the increasing volume of red candles, we might expect further correction to the 0.618 Fibonacci level, which overlaps with 9.806 and could even reach 9.028. 📊Volume Analysis The volume of red candles is increasing, indicating a strong bearish correction phase. If the correction continues, it could reach the 0.618 Fibonacci level or even 9.028. 📈Trading Positions Long Position Entry Trigger: Break above 11.733 Target: 13.338 Confirmation: A break above 54.02 on the RSI could confirm the entry of bullish momentum into the market. Short Position Entry Trigger: Break below 9.028 Target: Short-term targets can be determined based on lower timeframe analysis. Confirmation: A break below 40.35 on the RSI could confirm the entry of bearish momentum into the market. For scalping, a short position can be opened on the current red candle, but it is recommended to move to lower timeframes for better precision. 🔑Key Levels Support: 9.028, 9.806 (0.618 Fibonacci level) Resistance: 11.733, 13.338 Main Trigger for Short: 6.768 (although it is currently far from the price, it is important to note for future analysis) 📝UNI is currently in a correction phase after a significant upward movement. Traders should watch key support and resistance levels and use volume and RSI indicators to confirm entries. Long positions should be considered above 11.733, while short positions should be approached with caution, potentially entering below 9.028 for a safer setup. Always keep an eye on market volume and RSI for confirmation of the trade direction. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
MANTA - FAKEOUT FROM DAILY TRIANGLE PATTERN ! MANTA Network (MANTA), a privacy-focused DeFi project, has recently exhibited a bullish breakout that suggests significant price appreciation in the coming weeks and months. The token broke out of a descending triangle pattern, signaling a potential trend reversal and a surge towards its all-time high of $10. Deceptive Breakout and Liquidity Sweep: MANTA's price action initially appeared to break down from the triangle pattern, reaching a low of $1.70. However, this move was likely a deceptive maneuver to shake out weak holders and accumulate liquidity at lower prices. The subsequent sharp reversal and breakout confirmed the bullish intent behind the price action. Liquidity Imbalance as the Only Hurdle: With the triangle breakout successfully executed, the primary obstacle to MANTA's upward trajectory lies in the form of a liquidity imbalance around the $2.20 to $2.50 price range. Once this imbalance is absorbed, MANTA is poised for a unimpeded run towards its $10 target. MANTA Network: A Privacy-Focused DeFi Solution: MANTA Network is a decentralized finance (DeFi) protocol that offers privacy-preserving solutions for lending, borrowing, and stablecoin issuance. Its unique privacy features address a critical need in the DeFi space, where transparency can sometimes expose users to financial risks and identity theft. Key Features of MANTA Network: Private DeFi Transactions: MANTA utilizes zk-SNARKs, a zero-knowledge proof technology, to shield transaction details, protecting user privacy. Decentralized Governance: MANTA is governed by its community of token holders, ensuring a transparent and democratic decision-making process. Diverse DeFi Products: MANTA offers a range of DeFi products, including a privacy-preserving lending protocol, a stablecoin issuance platform, and a decentralized exchange (DEX). Conclusion: MANTA Network's recent breakout from the descending triangle, coupled with its strong fundamentals and privacy-focused approach, positions it as a promising investment opportunity in the burgeoning DeFi sector. With the liquidity imbalance around the $2.20 to $2.50 price range as the only significant hurdle, MANTA is well-poised to embark on a significant upward trajectory towards its $10 target and potentially beyond.
Long
by Yaroslav_Krasko
📈Daily Cryptomarket Analysis : DYDX Trading Strategies 🛎🪄🔍Let’s dive into today’s analysis. Yesterday, Bitcoin had another upward movement, reaching as high as 72,000 but failing to stabilize above that range. It is currently resting around the 71,000 mark. Besides Bitcoin, Ethereum also saw significant growth, pumping 18% due to rumors of an Ethereum ETF approval. Several altcoins related to the Ethereum blockchain also saw a surge, including UNI, which I analyzed previously. I’ll include the link to that analysis in the description for those interested. 💵Today, we’ll analyze DYDX, a coin I’ve covered twice before. The first time was for a spot trade, which hit the stop-loss, and the second time was for futures. In that analysis, I mentioned that if DYDX faked a support break and re-entered the box, we could expect an upward movement. I’ll include the link to that analysis in the description as well. 🔄The previous trigger for DYDX was a short-term resistance at 2.075, which was activated yesterday but didn’t generate much momentum. Currently, there is no resistance until 2.302, and DYDX could move towards that level. However, given Bitcoin’s dominance and current consolidation, other altcoins are also likely to rest. 📈The next long trigger for DYDX is at 2.302. However, be aware that the main resistance is at 2.433, and the price might get rejected there. So, if you plan to open a position after breaking 2.302, volume confirmation is crucial. RSI entering the overbought zone increases the probability that the 2.433 resistance will also be broken. In this scenario, you don’t need to scalp and close quickly but can hold your position for higher targets like 2.815. 💣If the market turns bearish again and you want to open a short position, the 2.075 level can be a good trigger, but only if it’s tested multiple times. This helps establish a reliable trigger point. Note that the 2.075 level was a trendline break trigger and now acts as resistance rather than support. Ensure the price tests this level multiple times to confirm it as a short-term support before relying on it. 🧩The main short trigger is at 1.935, but keep in mind that this support has been faked once before. I prefer to wait for another test to establish its precise level. 📝To summarize, Bitcoin and Ethereum have shown significant recent movements, impacting related altcoins like DYDX. While Bitcoin rests, other altcoins may also consolidate. For DYDX, watch the 2.302 level for a potential long entry, but ensure volume confirmation and RSI conditions before holding for higher targets. For short positions, the 2.075 and 1.935 levels are crucial, but multiple tests are needed for reliability. Always approach trades with thorough analysis and be prepared for market fluctuations. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
by itsparham96
3
📈Analysis of NOT Coin: Lessons and Strategies💥🔍Let’s dive into today’s analysis. Today’s analysis is a bit different from the others, as we will focus more on the fundamental aspects of this project and have a discussion with those who participated in this project and managed to cash out. The meme coin we will analyze today is NOT, a project that generated a lot of hype for a long time and even led to significant growth for the Telegram blockchain. The coin of this blockchain, TON, also experienced substantial growth. The greatest benefit of this project was not to itself or the participants, but rather to the TON blockchain and Telegram company, which by distributing NOTCOIN to their users, brought over 30 million users into the TON network. Now, there are many people worldwide who have entered the blockchain space through NOT. ✅You might think that after the profits made by Telegram and its blockchain, the second group to benefit were those who earned through the “tap to earn” mechanism. But if you do a rough calculation, you’ll see that, at best, you made $100-200 from this project. Consider the number of days and hours wasted for that money. Think about how much you’ve worn out your phone screen or even whether your finger bones are the same as they were before all that tapping, or if in the future you might develop conditions like arthritis. Instead of all that tapping, you could have worked at McDonald’s for a week, wasting less time and making more money. Or perhaps it would have been better to spend those six months learning a new skill. I promise you would have made more money in the long run because this money you earned now won’t significantly impact your life, but a skill like trading, Photoshop, or programming could have a much greater impact on your future. 🔑Even if you were among the professionals in trading or DeFi who understood this space, you could have predicted that with the hype of the project, TON would also rise. It would have been enough to follow daily analyses to use the entry points given for TON, allowing you to be up by nearly 140%. After making this profit, you could have created a TON-NOT LP when NOT was listed on DEXs, earning additional profit from swapping and trading TON and NOT. I promise that if you had done this, you would have profited more than from all that tapping, because I did it myself and earned more than many people who farmed NOT. Always be aware of what other opportunities hyped projects can bring you. Remember, projects that yield the highest profits are often those that the general public is unfamiliar with. If you want me to introduce you to some of these projects, ask me in the comments, and I will respond to each of your comments. 🤔Now, after all this discussion, let’s move to the chart to see what the best option is if you have farmed NOT or worse, bought NOT. First of all, if you bought NOT without using it in the DeFi space, you need to make significant changes to your purchasing strategy. Buying a basket of altcoins is not like shopping for groceries. For each altcoin purchase, you should research the project with patience, and only invest in one out of a thousand t-shirts you see, as you would with Gucci. So, if you’ve made a purchase without a goal, you need to change your buying strategy as I mentioned. For those who farmed, I have two methods you can use depending on your situation. If the money you earned from NOT will significantly change your life, don’t waste any time and sell your tokens now to make that change. But if selling the tokens won’t make much difference in your life and will just get you a good dinner or something similar, I suggest you explore the TON blockchain and see what you can do with that money to earn passive income. 📈Technically, there isn’t much data on NOT, and we don’t have many charts, but as you can see, after breaking the descending triangle, it has reached the first target of the triangle and is now resting. The trigger for shorting is 0.005194, and the trigger for longing is if it breaks 0.005651 and RSI also breaks 43.53. However, if I were you, I wouldn’t open a futures position on this meme coin because it doesn’t make sense, and we don’t have enough data to get reliable triggers from it. 📝In summary, while the NOT project brought many users into the TON blockchain and generated significant hype, the actual financial benefit for individual participants may have been minimal compared to the time and effort invested. It’s crucial to consider the broader opportunities that such projects can bring and focus on developing skills that offer long-term benefits. Strategically, if you hold NOT tokens, evaluate whether selling now can make a significant impact on your life or if investing them within the TON ecosystem for passive income might be more beneficial. Always stay informed and approach altcoin investments with thorough research and a well-defined strategy. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
Long
by itsparham96
3
De.Fi - a complete undervalued projectDe.Fi launched end of January 2024 their token, but they aren't complete beginners. Starting with their smart contract checking tool they are in the market since 2020. Quote from de.fi "De.Fi (DeDotFi) was founded during the DeFi Summer of 2020 by a group of DeFi natives with just two goals in mind: make DeFi a safer and more convenient space for everyone. During three years of development, the De.Fi team has grown to 50+ team members worldwide. We work daily to build life-saving products for DeFi investors around the world. The De.Fi team has created Crypto’s First Antivirus - the most advanced security system in the crypto space, as well a range of other products including our crypto wallet tracker, NFT portfolio tracker, REKT Database, Audit Databases, the largest multichain dashboard/APY aggregator, and more. " "The De.Fi SuperApp is an ultimate gateway to web3: it includes the biggest DeFi tracker that supports 45+ blockchains, 8+ centralized exchanges, and 450+ protocols, as well as the largest DeFi yield farming APY aggregator, that tracks live and historical data of 10,000+ LPs and Vaults on 300+ DeFi protocols. The DeFi dashboard by De.Fi is the most convenient way to track your multichain positions & balances: simply create a bundle of all your DeFi wallet crypto addresses and exchange accounts, and track your whole crypto portfolio in 1 place." Let us see where their journey goes
Long
by coinwide
📈GAL Coin Analysis: Potential Long and Short Opportunities💎🔍Today is Monday, and as mentioned yesterday, the market tends to experience reduced volatility on holidays, making it advisable to refrain from opening new positions and take a break instead. Despite the minor fluctuations seen in the market today, none of the triggers were activated for initiating positions due to the limited volatility. ⚡️In today's analysis, we will focus on GAL coin, associated with the project Galexe, a decentralized platform facilitating interactions between projects and their communities, enabling distribution of airdrops, rewards, or NFTs seamlessly. The GAL coin has experienced a significant uptrend, especially driven by its growing website and collaborations with new projects. Currently, on the weekly timeframe, GAL is consolidating, while on the 4-hour timeframe, a downward trend is evident. ⏳In the daily timeframe, a descending trendline indicates a bearish bias, but considering the bullish nature of GAL on the weekly timeframe, a new uptrend may be underway, potentially impacting even the daily and weekly structures positively. The trigger for confirming this trendline is at 3.872, which may take considerable time to materialize. 📈From another perspective, recent candles breached the support at 3.33 but failed to establish below it. Following a brief consolidation around 3.124, the price reversed upwards, indicating a possible fakeout of the support. Typically, after a fakeout, re-entering the range can lead to a move towards the range high. Therefore, we can consider seeking long positions. The primary resistance for initiating this new uptrend is at 4.829, although the current price range is between 3.33 and 3.872. Since the support at 3.33 has been faked, and the price returned within the range, we can expect it to reach 3.872. Hence, a reliable trigger for long positions is at 3.447, which coincides with the POC (Point of Control) in the fixed range volume profile, suggesting significant selling pressure in that area. If buyers manage to absorb the selling pressure and establish above this level, it indicates their strength, providing an opportunity to join the uptrend. ✨Moreover, the breakout of the RSI resistance at 54.49 can further confirm the bullish momentum. However, it's essential to note the low volume of the bullish candles, indicating weak buying pressure. Therefore, entering long positions requires caution due to the high-risk nature of the trade. It's advisable to enter smaller timeframes like 1-hour or 15-minute charts with a tight stop-loss and aim for a quick risk-to-reward ratio of 2. 📉For short positions, the bearish trend offers a more straightforward approach. The weakening bullish momentum is evident from the decreasing size of the upward candles, indicating diminishing buying pressure. A critical level for short positions is at 3.447, where a small range box formation on lower timeframes can provide a favorable entry point. Managing short positions can be approached in two ways: setting a small stop-loss with a risk-to-reward ratio of 2 or 3, or waiting for the breakdown of the support at 3.124, depending on the market conditions. 📝In conclusion, GAL coin presents potential opportunities for both long and short positions, but traders must exercise caution and adapt their strategies according to the market dynamics. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
G
by itsparham96