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#ETH š Market Structure and Possible Movement: š“ Current Situation: ETH has rejected from $2,879.22 and is trading at $2,516.85. The price has formed a Lower High and may now reject from the supply zone to test support. šØ Yellow Line ($2,336.34): An important breaker block support and old resistance which will now act as support. š„ Red Box Zone ($2,300ā$2,336): This zone has the potential for liquidity grabs and fakeouts. If the price comes to this zone, a bullish reaction is expected. š© Green Demand Zone ($1,967ā$2,336): The most important demand zone where there may be institutional orders. If the price comes here, a high probability long setup can be created.
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š METIS/USDT Trade Setup š Potential breakout incoming ā keep an eye on this one! š„ š¢ Buy Zone (DCA Strategy): Gradually accumulate between $18 ā $13 šÆ Target Levels: ā¢ First Take Profit: $25 ā¢ Second Target: $30 ā¢ Third Target: $35+ š“ Stop Loss (SL): ā¢ $10 ā Hold the position as long as SL is not hit. š§ Strategy: Use a Dollar Cost Averaging (DCA) approach for entry. This setup looks strong for a potential big pump. Be patient and stick to the plan for maximum gains. š Always DYOR ā This is not financial advice. #METIS #CryptoSignal #Binance #Altcoins #DCA #TradingSetup #Bullish
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š $4 š«£
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There are several reasons behind the sudden 90%ā98% price drop of the Mantra (OM) token Key Reasons Behind the #OM Token Crash Major Changes in Tokenomics: MANTRA recently doubled its token supply by minting an additional 888,888,888 $OM tokens, increasing the total supply to 1.78 billion. They adopted an inflationary model without prior notice, creating uncertainty around the token's future value. These changes triggered a negative reaction in the market, leading to massive selling pressure. (Source: Binance) Large-Scale Token Sell-Offs and Rumors: Rumors spread across social media that project team members sold off a large portion of their tokens, creating market panic. However, the #MANTRA team denied these allegations, claiming the price crash was due to "unintentional liquidations." (Source: CryptoBriefing) Market Uncertainty and Loss of Investor Confidence: The rapid drop in price led to fear and panic among investors, causing a chain reaction of sell-offs. The MANTRA team said they are monitoring the situation and will release more information soon.
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Chart Analysis ā APE/USDT 1. Support Zone: A strong support zone is marked in the brown box around the $0.3856 - $0.3484 area. Price has respected this zone, bouncing from it recently, indicating buyer interest. 2. Price Action: Current price: $0.4352 24h low: $0.4223, suggesting a rebound from near the support. The yellow pattern drawn indicates a potential bullish bounce scenario. Price may retest the support zone and rally upward before possibly facing resistance and pulling back. 3. MACD Indicator: MACD, DIF, and DEA are still in negative territory, showing overall bearish sentiment. However, histogram bars are slightly reducing in size, hinting at weakening bearish momentum (early signs of possible reversal). --- Trade Idea (Not Financial Advice): Entry Zone: $0.3484 - $0.3856 (support zone) Target 1: $0.4886 (local resistance) Target 2: $0.5678 (higher resistance) Stop Loss: Below $0.34 (support break confirmation) $APE
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