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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
Phemex Analysis #32: BTC to $70,000 Amidst US Election VolatilitPHEMEX:BTCUSDT.P has surged past the $70,000 mark and is now testing the formidable $72,000 resistance level. This bullish momentum has ignited excitement among crypto enthusiasts, but the looming US Presidential Election adds an element of uncertainty to the market. Potential Scenarios 1. Bullish Continuation: If Bitcoin successfully breaks through the $72,000 resistance level, it could trigger a significant upward movement.Strong buying pressure and positive sentiment could propel the price to new all-time highs. A clear and decisive victory for Donald Trump in the US Presidential Election could further fuel bullish momentum. 2. Bearish Reversal: If Bitcoin fails to break through the $72,000 resistance level and encounters strong selling pressure, it could lead to a price correction. A highly contested or uncertain election outcome could create volatility and risk aversion among investors, potentially leading to a sell-off. Trading Strategies I. Bullish Strategy: Buy the Breakout: If Bitcoin breaks above the $72,000 resistance with strong volume, consider buying. Take Profit: Set a take-profit target at a higher resistance level, such as $80,000. Stop Loss: Place a stop-loss order below a key support level, like $65,000, to limit potential losses. II. Bearish Strategy: Short Sell: If Bitcoin fails to break above the $72,000 resistance and starts to decline, consider short-selling. Take Profit: Set a take-profit target at a lower support level, such as $65,000 or $58,900. Stop Loss: Place a stop-loss order above the $73,850 (all-time high) resistance level to limit potential losses. III. Buy the Dip Strategy: If Bitcoin experiences a correction during a bearish scenario and you maintain a long-term bullish outlook, consider buying the dip at key support levels like $65,000 or $58,900. Short-Term Profit: For short-term gains, you can take profit at $72,000 or $73,850. Stop Loss: Place a stop-loss order at the next support level. For example, if you enter at $65,000, consider placing a stop-loss below $58,900. Conclusion Bitcoin's recent surge and the upcoming US Presidential Election have created a dynamic market environment. While the potential for further upside exists, it's crucial to remain cautious and manage risk effectively. By carefully analyzing market trends, understanding key support and resistance levels, and implementing appropriate trading strategies, investors can navigate the volatility and capitalize on potential opportunities. Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. 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.
by Phemex
Phemex Analysis #31: Is SOL Ready for a Breakout?PHEMEX:SOLUSDT.P has exhibited a steady upward trajectory, climbing from $138 to $179 in October. This surge has ignited anticipation among investors, with many predicting a resurgence of the Solana bull run. To capitalize on this potential, it's crucial to identify key support and resistance levels that could significantly influence SOL's price movement. 1. Strong Resistance Zone: $181 - $193 This price range has acted as a formidable barrier in the past, rejecting price increases on May 21st and July 30th. If Solana can successfully break through this resistance zone, it could pave the way for a continuation of the uptrend, potentially driving the price towards $210. Traders might consider entering long positions at this breakout point and taking profits around $210, or holding for further gains. However, there's also a risk of rejection at this resistance level. If the price plummets sharply with a large red candle, it could signal a potential downturn, leading to a drop towards the support zones. 2. Intermediate Support Zone: $140 - $126 If Solana encounters resistance at the $181-$193 zone, traders might consider shorting the asset with a take-profit target at the intermediate support zone. For long-term holders, buying the dip at this support zone during a potential retracement could be a strategic move. 3. Strong Support Zone: $105 - $93 While this is the least likely scenario, it's essential to be prepared for a potential drop to the strong support zone. However, given Solana's growing fundamental strength, with more projects onboarding the Solana blockchain and the anticipation of a Solana ETF, a significant price decline seems less probable. Conclusion Solana's price action is influenced by key support and resistance levels. By carefully analyzing these zones, traders can make informed decisions about when to enter and exit positions. While the bullish sentiment surrounding Solana is strong, it's crucial to maintain a balanced perspective and be prepared for potential market volatility. Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. 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.
by Phemex
Phemex Analysis #30: APECoin Surge 138% in just 3 Days?!The crypto world was abuzz with excitement as APECoin, the NFT token associated with the iconic Bored Ape Yacht Club and Mutant Ape Yacht Club, took center stage. The recent launch of APEChain, its dedicated blockchain network, coupled with the integration of Layer Zero, a powerful interoperability protocol, ignited a frenzy among investors and traders alike. The news sent shockwaves through the crypto community, propelling APE's price from a modest $0.736 to a staggering $1.757 in just three days – a mind-boggling 138% increase. This dramatic surge was a testament to the growing confidence in the APECoin ecosystem and the potential of its blockchain technology. Possible Scenarios As the dust settled, investors were left pondering the next chapter in APE's story. Could the price continue its upward trajectory, breaching the $1.81 resistance level and challenging the psychological barrier of $2.0? Or would the recent surge prove to be a temporary high, followed by a much-needed correction or consolidation phase? 1. The Bullish Case The potential for a continued uptrend was fueled by the positive sentiment surrounding the APEChain launch and the integration of Layer Zero. These developments positioned APE as a versatile token with multiple use cases, including governance for the ApeCoin DAO and transaction fees across various blockchains. 2. The Bearish Case However, the crypto market is notoriously volatile, and a strong resistance level at $2.0 could pose a significant challenge. If APE fails to break through this barrier, it could lead to a price correction, potentially retracing to $1.36 or even lower. Such a scenario would require careful consideration and risk management. 3. The Neutral Outlook A more likely scenario might involve a period of consolidation around the $1.36 to $1.70 range. This would allow investors to digest the recent gains and for the market to reassess the longer-term outlook for APE. Patience would be key during this phase, as a breakout above the resistance level could signal a resumption of the uptrend. Conclusion APECoin's meteoric rise is a testament to the growing appeal of the project and the potential of its blockchain technology. While the future remains uncertain, the recent developments have created a strong foundation for continued growth. Investors must approach the market with caution, carefully weigh the potential risks and rewards, and be prepared for both upside and downside scenarios. 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.
by Phemex
Phemex Analysis #25: PT going for New ATH?!PHEMEX:PTUSDT.P has been making waves in the crypto market, and its recent price action has caught the attention of many investors. After a healthy retracement to the $0.93 level, PT staged a powerful comeback, rallying by a substantial 40% to its current trading price of $1.34. This surge has brought PT dangerously close to its previous all-time high (ATH) of $1.3696, setting the stage for a potential new record. Roadblocks and Opportunities As Phemex Token (PT) approaches its ATH, it's encountering some resistance at the $1.3696 level. Multiple attempts to break through this barrier have been unsuccessful, leading to temporary pullbacks to the $1.30 level. However, this resistance also presents a buying opportunity for those who have been waiting on the sidelines. For investors who missed out on the initial rally, buying near the $1.30 level could be a strategic move. It allows you to potentially capture further upside as PT attempts to break through its ATH. However, it's crucial to implement a stop loss below $1.30 to protect your investment in case the price reverses. Playing the Dip If the price does reverse, there are potential buying opportunities at lower levels. Strong support levels exist at $1.20 and $1.07. Buying on dips at these levels could offer a good entry point, especially if the overall bullish trend remains intact. Fundamental Strength Beyond the technical analysis, Phemex's fundamentals are also looking promising. The exchange has been gaining traction and performing well, and its SocialFi platform, PULSE, is making waves in the SocialFi sector. This positive fundamental outlook strengthens the case for PT's continued growth. Conclusion Phemex Token (PT) is in a strong position, having recently surged 40% and approaching its ATH. While there is resistance to break through, the potential rewards for investors who time their entry correctly could be significant. By carefully considering the technical analysis and fundamental factors, you can make informed decisions about whether to invest in PT and at what price point. Tips: Armed Your Trading Arsenal with advanced tools like multiple watchlists, basket orders, and real-time strategy adjustments at Phemex. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Try it out Today! 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.
by Phemex
Phemex Analysis #24: The UXLINK Rocket Takes Off!!PHEMEX:UXLINKUSDT.P has been on a scorching hot streak, skyrocketing from a modest $0.28 to a staggering $0.74 in just a few days. While there was a brief pullback, the token quickly regained its momentum, suggesting a strong underlying bullish sentiment. Is UXLINK Bound for New Heights? The big question on everyone's mind is: Will UXLINK continue its upward trajectory and break its all-time high? Or has the rally lost steam? Let's dive into the technical analysis to shed some light on this. Key Price Levels to Watch: 1. Breakout: The recent breakout above the $0.68 resistance level is a significant bullish signal. It suggests that buyers have overcome a key obstacle and are driving the price higher. 2. Next Hurdles: The immediate resistance levels to watch are $0.71 and $0.74. If UXLINK can break through these levels, it could signal further upside potential. 3. Potential Pullback: A short-term pullback after the breakout could offer a buying opportunity for those who missed out on the initial rally. However, it's important to monitor volume and other technical indicators to ensure that the pullback is healthy and not a sign of a reversal. 4. Strong Selling Pressure: Be cautious of potential selling pressure at the $0.71 resistance level. This level has historically been a significant hurdle for UXLINK, so it's possible that sellers may try to defend it. Watch for volume and RSI indicators to gauge the strength of the move. If volume is high and RSI is oversold, it could suggest that buyers are still in control. 5. Support Level: If UXLINK fails to break through $0.71, it could find support around the $0.51 area. This level has been a previous support area, and it's possible that buyers may step in to defend it if the price falls. BTC's Influence: Remember, the broader crypto market, especially Bitcoin, can significantly impact altcoins like UXLINK. If Bitcoin embarks on a bullish run, it could further fuel UXLINK's rally. Conversely, if Bitcoin experiences a correction, it could put downward pressure on UXLINK. TIPS: Don't Forget About PULSE! While UXLINK and FARCASTER are making waves in the SocialFi space, don't overlook PULSE. As the first SocialFi token backed by a top-tier crypto exchange, PULSE has immense potential for growth. And the best part? You can earn PULSE tokens for free by participating in community events, creating groups, and sharing quality content. Check out PULSE today and discover the hidden gem that could deliver 100x gains. 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.
by Phemex
Phemex Analysis #22: SUI _ A Tale of Potential and Uncertainty!PHEMEX:SUIUSDT.P , the Layer 1 blockchain backed by industry giants like a16z and Samsung Next, has emerged as a promising contender in the cryptocurrency landscape. With its impressive speed and efficiency, SUI offers a compelling alternative to established platforms like Ethereum and Solana. Price Structure The token's journey has been marked by both highs and lows. From its initial launch price of $1.4038 in April 2023 to its all-time high of $2.1841 in March 2024, SUI has demonstrated significant growth potential. However, the cryptocurrency market's volatile nature has also seen SUI experience downturns, with its recent low reaching $0.4631 in August 2024. As we analyze SUI's price structure, it becomes evident that certain levels act as pivotal points. The initial support level at $1.00 serves as a crucial barrier to prevent further declines. If SUI were to break below this level, it could signal a potential downward trend reversal. On the other hand, the initial resistance level at $1.43 represents a hurdle that, if breached, could indicate a bullish uptrend. Intermediate support and resistance levels at $0.86, $0.78, $1.72, and $2.00 provide additional insights into potential price movements. These levels can act as temporary points of support or resistance, influencing the token's short-term trajectory. Possible Scenarios: Given SUI's strong backing and technical capabilities, it is reasonable to anticipate a potential upward trend. However, the cryptocurrency market is subject to various factors, including broader economic conditions, regulatory developments, and market sentiment. Therefore, it is essential to approach investments in SUI with caution and consider both potential gains and risks. 1. Upward Trend Continuation: If SUI consistently breaks above resistance levels, accompanied by increasing trading volume and positive technical indicators, it could signal a continuation of the upward trend. Investors might consider buying SUI near the intermediate support levels or after a pullback from the initial resistance level. 2. Downward Trend Reversal : If SUI breaks below support levels, with decreasing trading volume and negative technical indicators, it could indicate a potential downward trend reversal. Investors might consider shorting SUI near the intermediate resistance levels or after a breakout below the initial support level. Conclusion SUI, with its strong backing and promising technical capabilities, presents an intriguing opportunity for investors. While its future price movement is influenced by various factors, including market sentiment and overall economic conditions, the potential for significant growth remains. However, it is crucial to approach investments in SUI with a cautious and informed mindset, considering both the potential rewards and risks involved. 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.
by Phemex
Phemex Analysis #21: BTC - Potential Bullish Reversal?!Dated today, PHEMEX:BTCUSDT.P had dropped 33% from it's All-time High $73851 at 14th March 2024. Despite the overall bearish sentiment in the market, Bitcoin's recent creation of a Higher Low $52500 at 6th September suggests a potential bullish reversal. Today, we will delve into how the price of BTC might move in the next few days. 1. Bullish Breakout. If Bitcoin can break above its previous high near $65,000, it would signal a strong bullish reversal. Following this, a period of accumulation might occur, to accumulate more buying power before a push towards the next resistance level around $72,000. 2. Bearish Drop. Alternatively, Bitcoin could continue its downward trend, potentially retesting support levels at $50,000 and $41,900. To assess whether these levels offer buying opportunities, consider the trading volume and Relative Strength Index (RSI) during the decline.If the trading volume is lower than it was on August 5th and the RSI is higher, $50,000 might be a good price to buy the dip. However, if the volume is higher and the RSI is lower, $41,900 could be a better choice for buying low. 3. Consolidation. Given the recent volatility, a period of consolidation between $65,000 and $52,500 is possible. This scenario might present opportunities for traders to employ Phemex Neutral Grid bots to profit from price fluctuations. Conclusion Bitcoin's price action suggests a potential bullish reversal. However, it's important to remember that the cryptocurrency market is highly volatile, and technical analysis should be used in conjunction with other factors when making trading decisions. By carefully analyzing the technical indicators and considering potential scenarios, traders can develop informed strategies to navigate the market. 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.
by Phemex
Phemex Analysis #20 NEIROETH - A Rollercoaster Coin!NEIROETH, the latest listing on Phemex 3 days ago, but it has exhibited significant price fluctuations since its launch at 29th July 2024. 1. Initial Surge: NEIROETH experienced a remarkable 1990% increase to its all-time high within 11 days. 2. Sharp Correction: However, it subsequently underwent a 91.9% decline to its all-time low in less than 30 days. 3. Rebound: The price has since rebounded by 887%, currently trading at $0.178. While this volatile price action might seems risky for some investor, yet it's also bring significant gain for those who enter at the right time. Volatility is a Double-edge Sword. Here we list out a few potential future scenarios on NEIROETH, for us to make informed decision for our trade. 1. Breakout: If the price breaks above the $0.21 level with high volume, it may continue to rise, potentially reaching $0.235, $0.26, or even the all-time high of $0.289. 2. Bearish Drop: Alternatively, if the price falls below the $0.123 support level with high volume, it could continue to decline to $0.07 or $0.057. This might present a buying opportunity, but it's essential to avoid over-allocation. 3. Consolidation: While less likely, NEIROETH's price could consolidate around the $0.21 and $0.12 levels. In this scenario, Phemex Neutral Grid Bots might be a strategy to consider. Note: 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.
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by Phemex
Phemex Analysis 19: PT _ Poised for the Next Move?After reaching an all-time high (ATH) of $1.377 on July 15th, PHEMEX:PTUSDT.P price declined along with the broader crypto market to a low of $0.942. However, PT rebounded by 32% during August, reaching $1.249. Currently, the price is trading between $1.10 and $1.20. This post will analyze Phemex Token (PT) key support and resistance levels and discuss potential price scenarios for the coming days. Key Support and Resistance Levels Intermediate Support: $1.088. This support has been tested previously and has proven its resilience in holding the price. Strong Support: $1.0 and $0.92. The $1.0 level is a psychological support that many long-term PT believers may choose to enter at. Resistance: $1.25 and $1.366. If the price breaks through $1.366, it could subsequently challenge the ATH of $1.377. Possible Scenarios Continued Consolidation: Given the current consolidation phase in the overall market, this is the most likely scenario. The price might create a higher low above $1.088 before entering a consolidation period. This could present a good opportunity to buy PT at a discounted price. Continued Decline: If the price drops below $1.088 with high volume, there is a possibility of further price declines. Investors could consider buying the dip at the $1.0 and $0.92 support levels. Breakout Rise: Alternatively, if the price breaks through $1.25 with high volume, there is a possibility of a price rise leading to a new ATH. Consider entering the market before it's too late. By understanding these key levels and potential scenarios, we can make more informed decisions about our PT investments. Note: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like Multiple Watchlists, Basket orders, and Real-time Adjustments to Strategy orders. Our USDT-based Scaled ordersgive you precise control over your risk, while Iceberg orders provide stealthy execution. Join Phemex today and unlock your trading potential. 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.
by Phemex
Phemex Analysis #9: PT - Unbelievable Gain & Resilience!In this post, we will break down PHEMEX:PTUSDT (PT)'s price performance since its launch, its gains, its resilience, its potential future price movement, and finally, trading suggestions. Overview of PT's Performance Launch and Initial Growth Launch Date: November 30th, 2023 Initial Price: $0.06 Since its launch, PT has demonstrated an extraordinary performance, achieving a substantial rise in value. The token's price has increased over 22 times, reaching its current All-Time High (ATH) of $1.3776. This represents a staggering percentage increase of 2296%, which is noteworthy in the volatile cryptocurrency market. Current Price Consolidation Current Price Range: $1.10 to $1.20 Unlike many other cryptocurrencies that have experienced significant corrections from their ATHs, PT has maintained its high value and continues to show resilience. The price is currently consolidating within the $1.10 to $1.20 range, suggesting that it is building a strong base for potential future movements. Scenarios for PT's Future Price Movement Scenario 1: Bullish Run If PT can establish a solid base around the $1.10 area, it may initiate a bullish run. The key levels to watch are the resistance points at $1.23 and $1.36. Breaking these resistance levels with substantial trading volume could propel PT to new ATHs. Key Resistance Levels: $1.23 and $1.36. Potential Outcome: Breakthrough of these levels could lead to new ATHs. Scenario 2: Drop to Support and Consolidate If PT faces strong rejection at the resistance levels, it may retrace to test the support levels around $1.10 or even $1.00. Consolidation at these levels could provide a foundation for future growth. Key Support Levels: $1.10 and $1.00. Potential Outcome: Consolidation at these levels may lead to a stable base for future recovery. Trading Suggestions For Scenario 1: Bullish Breakout If PT breaks through the resistance levels of $1.23 and $1.36 with significant volume, it may indicate a strong bullish trend. Traders might consider entering a position to capitalize on the momentum. Entry Point: Upon confirmation of the breakout above $1.23 or $1.36 Stop Loss: Set a stop loss just below the $1.10 level to mitigate potential losses Target: New ATHs, adjust based on further technical analysis and market conditions For Scenario 2: Support and Consolidation If PT retraces to the support levels of $1.10 or $1.00 and shows signs of consolidation, this could present a buying opportunity, especially if the overall market sentiment is shifting to bullish. Entry Point: Around the $1.10 or $1.00 support levels after confirmation of consolidation Stop Loss: Set a stop loss slightly below the $1.00 level to protect against further downside Target: Initial resistance levels at $1.23 and $1.36, with potential for higher gains if the market turns bullish Conclusion PT's impressive performance and resilience in maintaining its value make it a unique player in the cryptocurrency market. The upcoming price movements will largely depend on its ability to break through key resistance levels or find support for consolidation. Traders should closely monitor market sentiment, trading volumes, and technical indicators to make informed decisions. 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.
by Phemex
Phemex Anaylsis #3: ETH Price Tumbles & Key Support Levels.The price of Ethereum (ETH) experienced a significant decline today, breaching the previously strong support zone at $2,850 . This price movement indicates a potential shift in the market sentiment. Traders are now closely watching the next support level at $2,250 . This zone is considered historically significant and could offer some stability to the price. However, if the selling pressure persists and ETH breaks below $2,250, the next potential support level to watch would be around $2,000 . It's crucial to exercise caution while trading in such volatile market conditions. While there might be opportunities for profit, the risks are equally substantial. Consider using Low Leverage & Stop Loss to manage risk effectively during this period of uncertainty. Note: Phemex had Launch IceBerg order to help you Enter with minimum slippage. Be sure to check it out! 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.
by Phemex
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Phemex Token (PTUSDT) Poised for a PullbackPT, the native token of the Phemex exchange (which I highly recommend for contract trading, by the way), has been on an impressive uptrend across higher timeframes since its listing on Spot six months ago and its recent entry on Futures just a couple of weeks back. Currently at its all-time high (ATH), I anticipate a correction on the 4H chart towards its support area at $1.03. This is supported by the bearish divergence evident in the MACD indicator. Let's observe how this plays out. Proposed Short Trade: Entry Price: 1.2 Take Profit: 1.03 Stop Loss: 1.27
Short
by alorse
PT is preparing for its first run! Buckle upFundamental Data Chain: Ethereum (Main), Optimism (Staking) Pre-Mining start: 6th July 2023 Token Launch: 30th November 2023 Total Supply: 1,000,000,000 PT Diluted Market Cap: $699,200,000 Use Case: Governance, Staking, Fee Reduction Current Staking Yield (1 Year): 41.41% Misc: Daily Buybacks, Earn PT for trading activity Technical Data Position: Long (Spot) Duration: Mid-Term to Long-Term Entry (1): 0.66 - 0.68 Entry (2): 0.72 Short-Term Target: 0.85 Mid-Term Target: 1.00 Capital Allocation: 5%
Long
by Anton_XBT
Ladycoin to the moon :)hello everybody. ladycoin is continuing to make moves towards the upside. When I first wrote about this coin it was at 000580. its now at 0010. Good levels to buy are at 000790-000820. Possible chance we can re test 000680 levels but I would not bank on it. Again, everything is dependent on the way BTC moves. However, with a marketcap of only 45M, you are getting a opportunity of a lifetime! Imagine if you got into PEPE when it was only a 100M mkt cap. PEPE is now at 1B mkt cap and growing. Besides the TA on this chart, note that you are buying a coin that is backed behind the image of a women. All it takes is one major female influencer to start shilling this coin. Time for you guys all to become female activists ;) lol jk. (not financial advice) but consider making this coin a part of your portfolio. Sometimes in these bull markets the coins with 0 utility make bigger moves then ones with utility. Have a good day!
Long
by kiashedgefund
New Spot Listing - PT (Phemex Token)PT/USDT – Phemex Token (PT) is an on-chain, transferable platform utilty token for the Phemex exchange. PT/USDT Logartihmic Daily Heikin-Ashi chart. ..................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by CryptoTrend-Alerts
$DOGE 🐕 | Time For A Breather?I am looking for $DOGE to continue this downside based on a couple of factors here: * Consistently broken upper Bollinger Bands during the upward trend with no short stops * Based on the Fibonacci retracement tool, $DOGE not only hit the 0 point but also a massive rejection from a major resistance zone. * Big engulfing bearish candle (blue arrow) * Extreme over bought levels on the RSI (circled areas) Waiting patiently for the 2nd candle to successfully close under the 0.382 line and enter the “Golden Area” of the Fibonacci retracement tool. From there a SHORT trade is inevitable and an easy landing spot would be for 0.06975 (red line) which is above the nearest short term support that it could bounce from.
COINBASE:DOGEUSDShort
by CryptoHotep
$MATIC | Double Top? McDonalds M Coming?Here we have one of my personal favorite cryptos & L2 sidechains, MATICUSD or Polygon. Potentially we may see, a downtrend because of a couple of factors. Let’s zoom in! I see the potential for a “McDonald’s M” or most notably referred to as a Head & Shoulders pattern which could signify a downtrend. Here are some reasonings & findings: * MATIC has touched the 0.8721 area twice now but has pushed through this resistance * Upper Bollinger Band has been broken previously * Nearing extreme overbought statuses on the RSI * After the initial push down from the 0.8721 area, 0.8456 acted as support for the potential “head” of the pattern * MATIC is still above the 200 EMA The last note should be taken into consideration when placing a SHORT trade for MATIC. It is still above the 200 EMA currently so a safe TAKE PROFT could be back to the “neck line” area of 0.8456 in case there is a bounce and your STOP LOSS above the resistance area of 0.8721.
COINBASE:MATICUSDShort
by CryptoHotep
$SUSHI | Similar Fashion Here PotentiallySUSHIUSD has done this pattern similarly if you scroll to the right: breaking Bollinger Bands upper band with extreme levels of over bought in an almost TRIPLE TOP fashion. Plus a decent sized bearish candle that followed. Difference we have here is it's being rejected off of a major resistance zone (drawn off WEEKLY). I think we see the beginning of a downtrend which follows suit with the crypto market in general currently. Potential landing points are the support lines drawn off the daily. A safe trade is the STOP LOSS above the SWING HIGH and take profit above the nearest support line but if an avalanche happens I suspect the 2nd support line to be adequate because you also have to take into account the 20 MA and 50 EMA which would be around that area.
COINBASE:SUSHIUSDShort
by CryptoHotep
1
$DOGE 🐕 | Everywhere Else Is Dumping......Except....DOGEUSD has always been a little bit of anomaly as it relates to the crypto market comparatively. It has always done SOMEWHAT of the opposite of BTCUSD and you can back test that. Does it happen ALL OF THE TIME, no. But it moves in its own trend. Whether thats due to the "Elon Effect" or other parameters, it rides its own wave. Here we have a decent set up to the upside for a quick pop. We have touches and breaks on the lower Bollinger Band and a close above short term support with a long wick up. We were also at extreme sell levels on the RSI. The 20 MA, 200 EMA and 50 EMA are cleared for the time being so following history we can make a quick 25-30%. Risk management I have my stop loss below the swing low. DOGEUSD reacts well to typical set ups like this.
COINBASE:DOGEUSDLong
by CryptoHotep