This thought is posted on the 22nd of April 2025 07:48 AM (GMT +8)

Based on current market trends and recent developments, here are three cryptocurrencies to consider for trading, along with suggested entry points and stop-loss levels. Please note that these are not financial advice, and it’s essential to conduct your own research and risk assessment before making any investment decisions.

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1. Solana ($SOL ) – Long Position

Rationale: Solana has recently gained attention due to Upexi’s announcement of a $100 million investment to build a Solana token treasury, indicating growing institutional interest in the platform. 

• Entry 1: $165

• Entry 2: $158

• Stop-Loss: $145

Note: Monitor for sustained volume and momentum above the $170 resistance level.

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2. Ripple ($XRP ) – Long Position

Rationale: XRP has shown a healthy turnaround, reclaiming the $2 mark after a recent dip, and continues to attract interest for its role in facilitating cross-border payments. 

• Entry 1: $2.05

• Entry 2: $1.90

• Stop-Loss: $1.75 

Note: Watch for potential resistance around the $2.20 level.

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3. Official Trump Meme Coin ($TRUMP ) – Short Position

Rationale: A significant unlock of 40 million TRUMP tokens, valued at approximately $320 million, is imminent. This influx is expected to increase selling pressure, potentially leading to a price decline. 

• Entry 1: $7.80

• Entry 2: $8.20

• Stop-Loss: $9.00

Note: Be cautious of high volatility and monitor for any unexpected market reactions.

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Final Thoughts:

1. Risk Management: Always use stop-loss orders to manage potential losses.

2. Market Monitoring: Stay updated on market news and developments that could impact these assets.

3. Diversification: Avoid overexposure to a single asset; diversify your portfolio to mitigate risk.