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$C98 C98/USDT Short Trade Signal: Bearish Outlookš„²
C98 is currently experiencing significant bearish pressure, indicating a likely continuation of its downward trend. The price has faced a strong rejection at the $0.0647 level, followed by a sustained decline to its current price of $0.0585. This movement is accompanied by increasing sell volume, suggesting that sellers are in control and aiming for lower support levels. There are no strong reversal signs evident at this time. Trade Setup (Short): * Entry: $0.0585 * Take Profit: $0.0550 * Stop Loss: $0.0604 Market Outlook: The momentum for C98 is clearly bearish, with a breakdown of intraday support levels. Should selling volume remain elevated and the Relative Strength Index (RSI) continue to reflect weakness, further downside movement is anticipated. Traders are advised to manage risk tightly, as short-term price bounces can occur even within a dominant bearish trend. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries significant risk, and you could lose all of your capital. Always conduct your own research and consider your risk tolerance before making any trading decisions.
šØ High UpTrend Alert šØ SOL will hit 250 ending this month. Take it with a grain of salt. #NVDA token is to close to near listing. šHappy Trading š $SOL
Bitcoin recently surged to $70,000 but quickly dropped, causing a $300 billion market loss and nullifying the $4 trillion milestone. This comes amid warnings from US Treasury Secretary Janet Yellen about potential high interest rates that could destabilize cryptocurrencies like Bitcoin. BlackRock, a major issuer of Bitcoin ETFs, has also voiced concerns about unprecedented factors affecting Bitcoin prices.
BlackRock analysts anticipate that central banks will maintain high interest rates to tackle inflation, prolonging market uncertainty. Since reaching $71,907 on June 7th, Bitcoin has fallen 11% and now trades at $61,919.
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JUST ADDED ON BINNACEšŖāš¼ 2nd mega drop coin in #binnace Lista DAO is a liquid staking and decentralized stablecoin protocol. Users can undergo staking and liquid staking on Lista, as well as borrow lisUSD against a variety of decentralized collateral.
Crypto exchanges see $3B $ETH Eth exit since ETF approvals
Over $3 billion worth of EtherĀ has been removedĀ from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds in the United States ā signaling a potential upcoming supply squeeze. The amount of Ether on exchanges fell by around 797,000 between May 23 and June 2, equivalent to $3.02 billion, according to CryptoQuant data. Lower exchange reserves imply fewer coins are available for sale as investors move their own coins to self-custody for purposes other than immediate selling. #IOprediction #Binance200M #ETHETFsApproved #etherreum
Largest Bitcoin mining firm sold 63% of mined $BTC in May
Marathon DigitalĀ sold 63% of its Bitcoin production in May, which amounted to 390 out of 616 BTC mined, according to its first report following the Bitcoin halving event. The large sale was contrasted by other mining firms like Riot Platforms, which sold none of its Bitcoin, and CleanSpark, which sold a small portion. Miners are seeking to expand their fleets and improve efficiency to remain competitive as rewards shrink. CleanSpark, for example, is said to be āhighly active in the M&A space,ā while Marathon is exploring overseas opportunities. #Binance200M #bitcoin #BTC #BlackRock
Big šØšØ Announcement on $ROSE $BB $BNB š„š„ Price on an uptrend It's predicted to get higherš š£š£Take sufficient time to make you analysis and be ware of your resistance š£š£ #btc70k #BnbAth #StartInvestingInCrypto #MtGox
$CTK Spot Entry Position Entry Price: Enter around $1.20, where it currently holds. šµ Stop Loss (SL)Primary SL: $0.95, just below recent support levels to minimize potential losses. š Secondary SL: $0.68, in case of a sharp downturn, based on strong historical support. šØ Take Profit (TP) LevelsTP1: $1.50 ā Near the lower end of historical resistance, capturing short-term gains. šÆTP2: $1.73 ā At recent high resistance, a moderate target. šTP3: $2.00 ā Beyond recent resistance, for a higher risk-reward ratio. š
This strategy aims to capitalize on short-term gains while managing risk through strategic stop-loss placements. Always conduct your own research and consider your risk tolerance before trading. #CTK #Megadrop #coinanalysis