US CPI data will be released today, the market is likely to be volatile.
The effect is, if the number rises above the forecast, the market could possibly drop back down. But if the number is below the previous/forecast, the market is likely bullish
#OrderTypes101 Understanding different order types is crucial for any trader in the crypto space. Market orders are executed immediately at the current market price, making them ideal for quick buys or sells. Limit orders, on the other hand, allow you to set a specific price at which you want to buy or sell, giving more control but no guarantee of execution. Stop-limit orders combine both stop and limit features and are used for managing risk, especially during volatile markets. Knowing when and how to use each order type can significantly improve your trading strategy and protect your assets. Always plan your trades carefully!
#CEXvsDEX101 One important advantage of trading on a DEX is enhanced privacy and security. Since funds are not held in a centralized wallet, the risk of hacking is considerably lower. Additionally, DEX platforms typically operate on a peer-to-peer basis, which empowers users to trade without needing to register or surrender their personal information. As a new investor or trader, the choice between CEX and DEX often depends on your individual goals and preferences. For those who prioritize ease of use and customer support, a centralized exchange might be more suitable. However, for individuals who value privacy and autonomy, decentralized exchanges may be the preferred option. #wct
#TradingTypes101 Hammer ๐จ Downtrend? Meet the bounce. A hammer candle with a long lower wick means sellers tried to nuke the marketโฆ but buyers said: โNot today.โ ๐ Often followed by a reversal. --- 2. Inverted Hammer โซ Looks upside down, but flips your bag upright. After a brutal dump, this candle signals the bulls are warming up. ๐ Wait for confirmation โ then blast off. --- 3. Bullish Engulfing ๐ Tiny red candle followed by a CHAD green candle that devours it. Thatโs dominance. Thatโs reversal. Thatโs long it or regret it. --- 4. Bearish Engulfing โค๏ธ The bearish twin. Green candle gets wrecked by a big red one. ๐งฏ Bull trap confirmed. Time to pull the trigger and short. --- 5. Doji โ๏ธ Market stuck in limbo. Neither side winning. โ ๏ธ This is the calm before a storm โ breakouts, fakeouts, or flips incoming. --- 6. Morning Star ๐ 3 candles. Downtrend > doji > massive green candle. Itโs like the market woke up and chose violenceโฆ in your favor. --- 7. Evening Star ๐ Same 3-candle setup, but itโs the bearsโ party now. Uptrend meets indecision, then boom โ sellers slam the door shut. --- 8. Marubozu ๐ฉ๐ฅ No wicks. Just pure, raw momentum. Green = bulls in beast mode. Red = bears full send. ๐ Follow the flow โ donโt fight it. --- 9. Spinning Top ๐ Small body, long wicks. Tug of war. Price is confused โ but not for long. When it breaks, it BREAKS. ---
$BTC ๐ช #BTC : immediate support sits at $107,213, this level needs to hold. If it breaks, the next key levels to watch are $103K and $97.6 K. For now, keep an eye on the 4-hour close. Holding above $107K is crucial..