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Spot Trading Strategy $SUI /USDT ā Key Levels
Buy Zone:
Entry at: $4.1500 - $4.1600
Sell Targets:
1st Target: $4.1800
2nd Target: $4.2000
Stop Loss:
Set at: $4.1300
#SUIš„ #sopt #JoblessClaimsUp #AnimecoinOnBinance #VeThorOnBinance
Buy Zone:
Entry at: $4.1500 - $4.1600
Sell Targets:
1st Target: $4.1800
2nd Target: $4.2000
Stop Loss:
Set at: $4.1300
#SUIš„ #sopt #JoblessClaimsUp #AnimecoinOnBinance #VeThorOnBinance
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šÆ Bitcoin SOPR enters break-even point, will it affect your investment strategy? š
š Let's dig deeper into Bitcoin's "spent output profit rate" (SOPR), a metric that sounds complicated, but is actually like a thermometer that measures the profit and loss of buying and selling. In simple terms, it tells us whether most Bitcoin sellers are making or losing money. š¤
š Bitcoin's SOPR has been on a thrilling roller coaster ride this year, staying above 1.0 for most of the time, showing a profitable scene. However, in recent months, especially in July and early August, SOPR has fallen below the 1.0 mark, which may mean that some investors are starting to suffer losses. š
š Since 2018, SOPR has been closely linked to the dance of Bitcoin's price, and whenever the price soars, SOPR will also rise. But now, the market seems to be struggling to find balance in the volatility after the halving.
š° The fluctuations of SOPR have become a key indicator for judging market sentiment. As Bitcoin price hovers around the $60,000 mark, it could signal a recovery or further decline in the market.
š§ Regular investors should use SOPR as part of a broad market analysis tool, combined with other data and analysis to make informed investment decisions. Remember, it is critical to have a solid investment strategy that is not swayed by short-term market fluctuations.
š Now, it's your turn to speak! How does SOPR's fluctuations affect your views on Bitcoin? How would you adjust your investment strategy? Share your thoughts in the comments!
#ęÆē¹åø #sopt #ęčµč ę“åÆ #ęčµēē„
š Let's dig deeper into Bitcoin's "spent output profit rate" (SOPR), a metric that sounds complicated, but is actually like a thermometer that measures the profit and loss of buying and selling. In simple terms, it tells us whether most Bitcoin sellers are making or losing money. š¤
š Bitcoin's SOPR has been on a thrilling roller coaster ride this year, staying above 1.0 for most of the time, showing a profitable scene. However, in recent months, especially in July and early August, SOPR has fallen below the 1.0 mark, which may mean that some investors are starting to suffer losses. š
š Since 2018, SOPR has been closely linked to the dance of Bitcoin's price, and whenever the price soars, SOPR will also rise. But now, the market seems to be struggling to find balance in the volatility after the halving.
š° The fluctuations of SOPR have become a key indicator for judging market sentiment. As Bitcoin price hovers around the $60,000 mark, it could signal a recovery or further decline in the market.
š§ Regular investors should use SOPR as part of a broad market analysis tool, combined with other data and analysis to make informed investment decisions. Remember, it is critical to have a solid investment strategy that is not swayed by short-term market fluctuations.
š Now, it's your turn to speak! How does SOPR's fluctuations affect your views on Bitcoin? How would you adjust your investment strategy? Share your thoughts in the comments!
#ęÆē¹åø #sopt #ęčµč ę“åÆ #ęčµēē„
if you are new then analyse your desired coins in past 2 month graph then invest. #sopt #pepe #rie #write2earnšš¹
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