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Phemex Analysis #39: PT Returns 2763% in 1 Year time!Phemex Token (PT) has celebrated its one-year anniversary on November 30th, 2024. Since its inception at $0.06, PT has delivered a remarkable 2763% return, reaching a peak of $1.658. This impressive performance has solidified PT's position as a high-growth token with significant potential. A Year of Milestones Throughout the year, PT has consistently broken new all-time highs, demonstrating its resilience and upward momentum. Key milestones include: $1.34: Reached on July 15th, 2024 $1.45: Reached on September 27th, 2024 $1.658: Reached on November 25th, 2024 How to Capitalize on PT's Potential To maximize your potential returns on PT, consider the following strategies: 1. Buy the Dip: Key Support Levels: $1.30 and $1.20 If the price dips to these support levels, it could be a good buying opportunity. 2. Buy the Breakout: Resistance Level: $1.658 If PT breaks above this resistance level, it could signal further upward momentum. 3. Dollar-Cost Averaging (DCA): Gradually accumulate PT over time, regardless of short-term price fluctuations. This strategy can help reduce the impact of market volatility. A Proven Strategy for Long-Term Growth A powerful strategy to maximize returns on PT involves combining DCA and buying the dip. Here's a practical approach: Monthly DCA: Invest a fixed amount, say $10,000, when PT's closed price declines by 5% or more in a single day. If not, invest at the end of each month. Buy the Dip: If PT's price declines by 20% from it's ATH, invest an additional $20,000. By following this strategy, you can accumulate PT at lower prices, potentially increasing your overall returns. Conclusion Phemex Token's impressive performance over the past year has solidified its position as a promising investment. By understanding market trends, implementing effective trading strategies, and maintaining a long-term perspective, investors can capitalize on PT's potential and reap substantial rewards. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Long
by Phemex
Phemex Analysis #33: Phemex Token Shows Strong Bullish Reversal!PHEMEX:PTUSDT.P (PT) reached a new all-time high of $1.45 on September 27th, 2024. However, a subsequent decline in Bitcoin's price dragged PT down to $1.12. Recently, PT has exhibited two strong bullish reversal signals: (I) Higher Low Formation: On October 23rd, PT formed a higher low at $1.18, coupled with a rising Relative Strength Index (RSI), indicating increased buying pressure. (II) Higher High Formation: On October 29th, PT created a higher high at $1.35, accompanied by a higher RSI, confirming the bullish momentum. These signals suggest that PT has established a solid support level around $1.15 and has successfully broken through the $1.33 resistance. Possible Scenarios 1. Bullish Breakout: If PT can break above the recent high of $1.45, it could signal further upside potential. Strong buying pressure and positive sentiment could propel the price to new all-time highs. 2. Range-Bound Trading: PT might encounter resistance at the previous all-time high of $1.45, as some traders may take short-term profits at this level. The price may then retrace back to the $1.15 support level, resulting in a period of range-bound trading between $1.45 and $1.15. This consolidation phase can provide an opportunity for investors to utilize range-bound trading strategies or accumulate PT at a relatively lower price. 3. Bearish Reversal (Less Likely): While less likely, a breakdown below the $1.15 support level could signal a bearish reversal. However, considering the overall bullish market sentiment and Phemex's promising future, a significant bearish reversal seems unlikely. If a bearish reversal occurs, long-term bullish investors may consider buying the dip at support levels like $1.10 or $1.06. Conclusion Phemex Token's recent bullish reversal signals indicate a strong upward trend. However, it's essential to remain cautious and monitor market developments closely. By understanding the potential scenarios and implementing effective trading strategies, investors can capitalize on the opportunities presented by PT's bullish momentum.
by Phemex
WAVES BEARISH DIVERGENCE ON THE 4H & DAILY TFBearish divergence formed on both the 4h & daily timeframe for wavesusdt pair. Below is the Bittrex & KuCoin charts showing their daily timeframe. On the daily we can see that price has managed to break out from a long term channel currently above resistance. While there is a possibility it could go back to support of the channel, we don't know for certain yet, but we can at least expect price to retest the channel resistance as support. Make sure to use a stoploss
Short
by RektMyMom
CRYPTO.COM - SEARCHING FOR THE BOTTOM (CRO ANALYSIS)In our previous analysis on CRO, we identified Potential buy areas and DCA zones. However, we've had a hard time having our orders filled. Not to worry as our trade idea is still on track, UPDATE: From the chart above in this current analysis, we can clearly see CRO in a channel up. Notice that after price touched channel resistance the first time out, we took a lengthy retracement back to support, however this was only confirmed after closing below the 360 Daily Moving Average(Blue Line). We touched resistance for the 2nd time and we can expect our buy orders at the 360 daily MA (in-line with out first horizontal support). Also notice that after touching the 360 MA, we retraced further down to hit the channel support at least approx. 40% each time. Should history repeat itself, we can have our bottom below the 360 Daily MA. (I however expect the bottom to be at the W2 support region) BUY ZONE 1- 360 DAILY MA/1ST HORIZONTAL SUPPORT BUY ZONE 2- 2ND HORIZONTAL SUPPORT BUY ZONE 3- W2 HORIZONTAL SUPPORT BUY ZONE 4- CHANNEL UP SUPPORT REGION.
BITTREX:CROUSD
by RektMyMom
HUGE WAVES COMING FOR THE BLUE EXCHANGEBeen a minute since we last published an idea. Today we consider the pair WAVES/USD From the chart above we can see that waves is in a corrective phase (wave 2 to be precise) and it appears to be either a flat correction or an irregular correction. Two areas to watch out for are the two green zones highlighted for a reversal. Price targets from either of those zones will be the 1.236 fib resistance as a takeprofit zone, and the 1.618 fib resistance as the main target. Pls share your thoughts and ideas in the comments section Also leave a like if you agree.
W
by RektMyMom
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