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CRYPTO MECHANIC
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$AIXBT
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CRYPTO MECHANIC
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$AIXBT Consolidating around a key zone.
If price can break and hold above $0.2340, it can do something.
Better trade opportunity will be above it as it will clear that path.
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If you're losing money in between and have no idea what's going on, Zoom out, its just a range. You don't have to flip-flop your bias in between. can wait for the market to give you a close in either direction and take your trade. That's what i normally do when things are hard to trade. Or the second thing you can use is "fakeout" of the range highs or the range lows. $BTC
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$BTC Continues to show weakness around prior ATH. 106900 is holding up the price right now. Break and hold below this zone and we will likely see some more downside.
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$VIRTUAL chart looks pretty clean, Price consolidating above the highs. As long as price is holding above it, I think we can see some more upside. I have a small position on it, Might add more if we see a dip into 2.2 zone. overall Good chart.
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ETHBTC Bounced off of that important zone. Ethereum outperforming Bitcoin is what you need for your Altcoins to moon.
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Why do newly launched tokens struggle/Go down? I get this question asked so many times so here is what i experienced or observed. Most tokens struggle because they give out the supply to community / early supporters and they take their money out. Secondly Prices are based on demand, and demand dependent on where investors are willing to put their money. What's the good way to trade new coins/tokens? Coins launch at millions of marketcap without proving anything so its always good to wait for the price to set a base/floor and when you see price starts breaking out of that base then you consider trading these newly launched tokens I attached some examples as well.
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