Abdullah Al Nahid
Open Trade
Frequent Trader
3 Years
Buy BTC For Freedom.
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386 Followers
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FOMO Trading: Understanding the Risks and How to Overcome It
What is FOMO Trading?
FOMO trading happens when investors or traders enter a trade because they see others profiting and fear missing out on similar opportunities. It’s fueled by a perception that a particular asset's price is skyrocketing, and they want to capitalize on the trend before it's "too late."
For example:
Seeing a cryptocurrency surge 50% in a day may trigger FOMO, prompting someone to invest at a peak price.Observing social media influencers or peers boasting about their gains can p
FOMO trading happens when investors or traders enter a trade because they see others profiting and fear missing out on similar opportunities. It’s fueled by a perception that a particular asset's price is skyrocketing, and they want to capitalize on the trend before it's "too late."
For example:
Seeing a cryptocurrency surge 50% in a day may trigger FOMO, prompting someone to invest at a peak price.Observing social media influencers or peers boasting about their gains can p
#futuresignal
Short $ARKM
Current Price 0.550
SL: 0.569
TP: 0.517/Trail
📊 $TST Token Trade Plan (Short-Term Strategy)
1. Market Overview
• Current Price: ~$0.0773
• 24h Change: +17%
• 24h High/Low: $0.0775 / $0.0656
• Trend: Currently in a bullish uptrend.
⸻
2. Key Levels
• Support Zone: $0.065 – $0.068
• Resistance Zone: $0.077 – $0.080
⸻
3. Trade Strategy
• Buy Zone:
Enter between $0.068 – $0.070 if the price dips. This zone aligns with the recent support and could be a good entry.
• Sell Zone:
Target $0.080 – $0.085 for taking profits, which aligns with current resistance.
• Stop-Loss:
Set a stop-loss below $0.062 to manage downside risk in case of a breakdown.
⸻
4. Risk Management
• Invest only 5%–10% of your total portfolio in TST.
• Use a trailing stop if you’re aiming to ride the uptrend.
• Always monitor price action daily and adjust your strategy as needed.
⸻
⚠️ Caution
• TST is a volatile and low-cap token, likely meme-related. Price swings can be sharp.
• This plan is for educational purposes only. Always DYOR (Do Your Own Research) before investing.
• If unsure, consult with a financial advisor.
⸻
How to Trade with the Rising Wedge Pattern
The rising wedge pattern is a bearish reversal or continuation pattern commonly used in technical analysis. It forms as the price moves higher with converging trendlines, indicating weakening momentum. Traders often use this pattern to spot potential reversals in uptrends or to confirm downward trends.
Here’s a detailed guide on how to trade with the rising wedge pattern.
What is a Rising Wedge Pattern?
A rising wedge forms when the price makes higher highs and higher lows, but the trendlines that connect these points converge. The pattern signifies that the price is rising on weakening momentum, often leading to a breakout to the downside.
Key Characteristics:Converging Trendlines: The upper and lower trendlines slope upward but converge.Declining Volume: Volume typically decreases as the pattern develops, signaling reduced participation.Bearish Breakout: The price breaks below the lower support trendline, confirming the pattern.
Types of Rising Wedges
Bearish Reversal:Occurs in an uptrend.Indicates the uptrend is losing strength, leading to a potential reversal to the downside.Bearish Continuation:Occurs in a downtrend.Serves as a consolidation phase before the trend resumes downward.
Steps to Trade the Rising Wedge Pattern
1. Identify the Pattern
Look for two upward-sloping trendlines:The upper trendline connects at least two higher highs.The lower trendline connects at least two higher lows.Ensure the lines are converging, with the slope of the lower trendline steeper or equal to the upper one.
2. Confirm with Volume
Volume typically declines as the pattern progresses, showing reduced momentum in the uptrend.A volume spike during the breakout confirms the pattern.
3. Wait for the Breakout
A rising wedge is confirmed when the price breaks below the lower support trendline.Avoid entering trades before the breakout to reduce the risk of false signals.
4. Measure the Target
Calculate the height of the wedge (the vertical distance between the upper and lower trendlines at the start of the pattern).Project this distance downward from the breakout point.
5. Set Stop-Loss Levels
Place a stop-loss just above the last swing high within the wedge or above the upper trendline.This limits risk if the breakout turns out to be false.
6. Enter the Trade
Open a short position after the breakout is confirmed with a candlestick close below the support trendline.Combine this with volume confirmation for higher accuracy.
7. Manage the Trade
Use a trailing stop-loss to lock in profits if the price moves in your favor.Exit the trade when the price reaches the projected target or if reversal signals emerge.
Trading Strategies for Rising Wedges
A. Reversal Strategy
Identify in an Uptrend: Look for a rising wedge at the end of an extended uptrend.Wait for Breakout: Enter a short position when the price breaks below the support line.Confirm with Indicators: Use tools like RSI to detect overbought conditions, supporting the bearish reversal.
B. Continuation Strategy
Spot in a Downtrend: A rising wedge in a downtrend indicates a pause before further declines.Breakout Confirmation: Short the asset after a confirmed breakdown below the support line.Volume Check: Ensure the breakout is accompanied by a surge in volume.
C. Retest Strategy
Wait for Retest: After a breakout, the price may retest the lower trendline (previous support, now resistance).Enter on Retest: Open a short position if the price respects the resistance during the retest.
Indicators to Use with Rising Wedge
Volume: Declining volume during the wedge and a spike during the breakout confirm the pattern.RSI (Relative Strength Index): Look for bearish divergence (price making higher highs while RSI makes lower highs).MACD (Moving Average Convergence Divergence): A bearish crossover near the breakout strengthens the signal.Moving Averages: If the price is below key moving averages (e.g., 50-EMA), it confirms bearish sentiment.
Example of a Rising Wedge Trade
Identify the Pattern: Spot a rising wedge on the 4-hour chart of a stock.Confirm Volume: Volume decreases as the wedge develops.Breakout Signal: The price breaks below the lower trendline with a strong bearish candle.Entry: Enter a short position after the breakout candle closes.Stop-Loss: Place a stop-loss just above the upper trendline or the last swing high.Target: Measure the wedge's height and project it downward from the breakout point.Exit: Close the position when the price hits the target or if bullish reversal signals appear.
Common Mistakes to Avoid
Entering Too Early: Wait for a confirmed breakout before entering the trade.Ignoring Volume: Breakouts with low volume may lead to false signals.Overlooking Risk Management: Always use stop-losses to minimize potential losses.Forcing Trades: Not all converging trendlines are valid rising wedges. Ensure the pattern meets the criteria.
Conclusion
The rising wedge is a reliable pattern for identifying bearish opportunities in both uptrends and downtrends. By waiting for a confirmed breakout, using volume and indicators for validation, and managing risk with stop-losses and profit targets, traders can effectively capitalize on this pattern. Patience and discipline are key to avoiding false signals and maximizing profitability when trading rising wedges.
Here’s a detailed guide on how to trade with the rising wedge pattern.
What is a Rising Wedge Pattern?
A rising wedge forms when the price makes higher highs and higher lows, but the trendlines that connect these points converge. The pattern signifies that the price is rising on weakening momentum, often leading to a breakout to the downside.
Key Characteristics:Converging Trendlines: The upper and lower trendlines slope upward but converge.Declining Volume: Volume typically decreases as the pattern develops, signaling reduced participation.Bearish Breakout: The price breaks below the lower support trendline, confirming the pattern.
Types of Rising Wedges
Bearish Reversal:Occurs in an uptrend.Indicates the uptrend is losing strength, leading to a potential reversal to the downside.Bearish Continuation:Occurs in a downtrend.Serves as a consolidation phase before the trend resumes downward.
Steps to Trade the Rising Wedge Pattern
1. Identify the Pattern
Look for two upward-sloping trendlines:The upper trendline connects at least two higher highs.The lower trendline connects at least two higher lows.Ensure the lines are converging, with the slope of the lower trendline steeper or equal to the upper one.
2. Confirm with Volume
Volume typically declines as the pattern progresses, showing reduced momentum in the uptrend.A volume spike during the breakout confirms the pattern.
3. Wait for the Breakout
A rising wedge is confirmed when the price breaks below the lower support trendline.Avoid entering trades before the breakout to reduce the risk of false signals.
4. Measure the Target
Calculate the height of the wedge (the vertical distance between the upper and lower trendlines at the start of the pattern).Project this distance downward from the breakout point.
5. Set Stop-Loss Levels
Place a stop-loss just above the last swing high within the wedge or above the upper trendline.This limits risk if the breakout turns out to be false.
6. Enter the Trade
Open a short position after the breakout is confirmed with a candlestick close below the support trendline.Combine this with volume confirmation for higher accuracy.
7. Manage the Trade
Use a trailing stop-loss to lock in profits if the price moves in your favor.Exit the trade when the price reaches the projected target or if reversal signals emerge.
Trading Strategies for Rising Wedges
A. Reversal Strategy
Identify in an Uptrend: Look for a rising wedge at the end of an extended uptrend.Wait for Breakout: Enter a short position when the price breaks below the support line.Confirm with Indicators: Use tools like RSI to detect overbought conditions, supporting the bearish reversal.
B. Continuation Strategy
Spot in a Downtrend: A rising wedge in a downtrend indicates a pause before further declines.Breakout Confirmation: Short the asset after a confirmed breakdown below the support line.Volume Check: Ensure the breakout is accompanied by a surge in volume.
C. Retest Strategy
Wait for Retest: After a breakout, the price may retest the lower trendline (previous support, now resistance).Enter on Retest: Open a short position if the price respects the resistance during the retest.
Indicators to Use with Rising Wedge
Volume: Declining volume during the wedge and a spike during the breakout confirm the pattern.RSI (Relative Strength Index): Look for bearish divergence (price making higher highs while RSI makes lower highs).MACD (Moving Average Convergence Divergence): A bearish crossover near the breakout strengthens the signal.Moving Averages: If the price is below key moving averages (e.g., 50-EMA), it confirms bearish sentiment.
Example of a Rising Wedge Trade
Identify the Pattern: Spot a rising wedge on the 4-hour chart of a stock.Confirm Volume: Volume decreases as the wedge develops.Breakout Signal: The price breaks below the lower trendline with a strong bearish candle.Entry: Enter a short position after the breakout candle closes.Stop-Loss: Place a stop-loss just above the upper trendline or the last swing high.Target: Measure the wedge's height and project it downward from the breakout point.Exit: Close the position when the price hits the target or if bullish reversal signals appear.
Common Mistakes to Avoid
Entering Too Early: Wait for a confirmed breakout before entering the trade.Ignoring Volume: Breakouts with low volume may lead to false signals.Overlooking Risk Management: Always use stop-losses to minimize potential losses.Forcing Trades: Not all converging trendlines are valid rising wedges. Ensure the pattern meets the criteria.
Conclusion
The rising wedge is a reliable pattern for identifying bearish opportunities in both uptrends and downtrends. By waiting for a confirmed breakout, using volume and indicators for validation, and managing risk with stop-losses and profit targets, traders can effectively capitalize on this pattern. Patience and discipline are key to avoiding false signals and maximizing profitability when trading rising wedges.
$ARKM 1H Timeframe 🚨
Rising Wedge Pattern
Rising Wedge Pattern
How to Trade with the Rising Wedge Pattern
The rising wedge pattern is a bearish reversal or continuation pattern commonly used in technical analysis. It forms as the price moves higher with converging trendlines, indicating weakening momentum. Traders often use this pattern to spot potential reversals in uptrends or to confirm downward trends.
Here’s a detailed guide on how to trade with the rising wedge pattern.
What is a Rising Wedge Pattern?
A rising wedge forms when the price makes higher highs and higher lows, but the trendlines that connect these points converge. The pattern signifies that the price is rising on weakening momentum, often leading to a breakout to the downside.
Key Characteristics:Converging Trendlines: The upper and lower trendlines slope upward but converge.Declining Volume: Volume typically decreases as the pattern develops, signaling reduced participation.Bearish Breakout: The price breaks below the lower support trendline, confirming the pattern.
Types of Rising Wedges
Bearish Reversal:Occurs in an uptrend.Indicates the uptrend is losing strength, leading to a potential reversal to the downside.Bearish Continuation:Occurs in a downtrend.Serves as a consolidation phase before the trend resumes downward.
Steps to Trade the Rising Wedge Pattern
1. Identify the Pattern
Look for two upward-sloping trendlines:The upper trendline connects at least two higher highs.The lower trendline connects at least two higher lows.Ensure the lines are converging, with the slope of the lower trendline steeper or equal to the upper one.
2. Confirm with Volume
Volume typically declines as the pattern progresses, showing reduced momentum in the uptrend.A volume spike during the breakout confirms the pattern.
3. Wait for the Breakout
A rising wedge is confirmed when the price breaks below the lower support trendline.Avoid entering trades before the breakout to reduce the risk of false signals.
4. Measure the Target
Calculate the height of the wedge (the vertical distance between the upper and lower trendlines at the start of the pattern).Project this distance downward from the breakout point.
5. Set Stop-Loss Levels
Place a stop-loss just above the last swing high within the wedge or above the upper trendline.This limits risk if the breakout turns out to be false.
6. Enter the Trade
Open a short position after the breakout is confirmed with a candlestick close below the support trendline.Combine this with volume confirmation for higher accuracy.
7. Manage the Trade
Use a trailing stop-loss to lock in profits if the price moves in your favor.Exit the trade when the price reaches the projected target or if reversal signals emerge.
Trading Strategies for Rising Wedges
A. Reversal Strategy
Identify in an Uptrend: Look for a rising wedge at the end of an extended uptrend.Wait for Breakout: Enter a short position when the price breaks below the support line.Confirm with Indicators: Use tools like RSI to detect overbought conditions, supporting the bearish reversal.
B. Continuation Strategy
Spot in a Downtrend: A rising wedge in a downtrend indicates a pause before further declines.Breakout Confirmation: Short the asset after a confirmed breakdown below the support line.Volume Check: Ensure the breakout is accompanied by a surge in volume.
C. Retest Strategy
Wait for Retest: After a breakout, the price may retest the lower trendline (previous support, now resistance).Enter on Retest: Open a short position if the price respects the resistance during the retest.
Indicators to Use with Rising Wedge
Volume: Declining volume during the wedge and a spike during the breakout confirm the pattern.RSI (Relative Strength Index): Look for bearish divergence (price making higher highs while RSI makes lower highs).MACD (Moving Average Convergence Divergence): A bearish crossover near the breakout strengthens the signal.Moving Averages: If the price is below key moving averages (e.g., 50-EMA), it confirms bearish sentiment.
Example of a Rising Wedge Trade
Identify the Pattern: Spot a rising wedge on the 4-hour chart of a stock.Confirm Volume: Volume decreases as the wedge develops.Breakout Signal: The price breaks below the lower trendline with a strong bearish candle.Entry: Enter a short position after the breakout candle closes.Stop-Loss: Place a stop-loss just above the upper trendline or the last swing high.Target: Measure the wedge's height and project it downward from the breakout point.Exit: Close the position when the price hits the target or if bullish reversal signals appear.
Common Mistakes to Avoid
Entering Too Early: Wait for a confirmed breakout before entering the trade.Ignoring Volume: Breakouts with low volume may lead to false signals.Overlooking Risk Management: Always use stop-losses to minimize potential losses.Forcing Trades: Not all converging trendlines are valid rising wedges. Ensure the pattern meets the criteria.
Conclusion
The rising wedge is a reliable pattern for identifying bearish opportunities in both uptrends and downtrends. By waiting for a confirmed breakout, using volume and indicators for validation, and managing risk with stop-losses and profit targets, traders can effectively capitalize on this pattern. Patience and discipline are key to avoiding false signals and maximizing profitability when trading rising wedges.
Here’s a detailed guide on how to trade with the rising wedge pattern.
What is a Rising Wedge Pattern?
A rising wedge forms when the price makes higher highs and higher lows, but the trendlines that connect these points converge. The pattern signifies that the price is rising on weakening momentum, often leading to a breakout to the downside.
Key Characteristics:Converging Trendlines: The upper and lower trendlines slope upward but converge.Declining Volume: Volume typically decreases as the pattern develops, signaling reduced participation.Bearish Breakout: The price breaks below the lower support trendline, confirming the pattern.
Types of Rising Wedges
Bearish Reversal:Occurs in an uptrend.Indicates the uptrend is losing strength, leading to a potential reversal to the downside.Bearish Continuation:Occurs in a downtrend.Serves as a consolidation phase before the trend resumes downward.
Steps to Trade the Rising Wedge Pattern
1. Identify the Pattern
Look for two upward-sloping trendlines:The upper trendline connects at least two higher highs.The lower trendline connects at least two higher lows.Ensure the lines are converging, with the slope of the lower trendline steeper or equal to the upper one.
2. Confirm with Volume
Volume typically declines as the pattern progresses, showing reduced momentum in the uptrend.A volume spike during the breakout confirms the pattern.
3. Wait for the Breakout
A rising wedge is confirmed when the price breaks below the lower support trendline.Avoid entering trades before the breakout to reduce the risk of false signals.
4. Measure the Target
Calculate the height of the wedge (the vertical distance between the upper and lower trendlines at the start of the pattern).Project this distance downward from the breakout point.
5. Set Stop-Loss Levels
Place a stop-loss just above the last swing high within the wedge or above the upper trendline.This limits risk if the breakout turns out to be false.
6. Enter the Trade
Open a short position after the breakout is confirmed with a candlestick close below the support trendline.Combine this with volume confirmation for higher accuracy.
7. Manage the Trade
Use a trailing stop-loss to lock in profits if the price moves in your favor.Exit the trade when the price reaches the projected target or if reversal signals emerge.
Trading Strategies for Rising Wedges
A. Reversal Strategy
Identify in an Uptrend: Look for a rising wedge at the end of an extended uptrend.Wait for Breakout: Enter a short position when the price breaks below the support line.Confirm with Indicators: Use tools like RSI to detect overbought conditions, supporting the bearish reversal.
B. Continuation Strategy
Spot in a Downtrend: A rising wedge in a downtrend indicates a pause before further declines.Breakout Confirmation: Short the asset after a confirmed breakdown below the support line.Volume Check: Ensure the breakout is accompanied by a surge in volume.
C. Retest Strategy
Wait for Retest: After a breakout, the price may retest the lower trendline (previous support, now resistance).Enter on Retest: Open a short position if the price respects the resistance during the retest.
Indicators to Use with Rising Wedge
Volume: Declining volume during the wedge and a spike during the breakout confirm the pattern.RSI (Relative Strength Index): Look for bearish divergence (price making higher highs while RSI makes lower highs).MACD (Moving Average Convergence Divergence): A bearish crossover near the breakout strengthens the signal.Moving Averages: If the price is below key moving averages (e.g., 50-EMA), it confirms bearish sentiment.
Example of a Rising Wedge Trade
Identify the Pattern: Spot a rising wedge on the 4-hour chart of a stock.Confirm Volume: Volume decreases as the wedge develops.Breakout Signal: The price breaks below the lower trendline with a strong bearish candle.Entry: Enter a short position after the breakout candle closes.Stop-Loss: Place a stop-loss just above the upper trendline or the last swing high.Target: Measure the wedge's height and project it downward from the breakout point.Exit: Close the position when the price hits the target or if bullish reversal signals appear.
Common Mistakes to Avoid
Entering Too Early: Wait for a confirmed breakout before entering the trade.Ignoring Volume: Breakouts with low volume may lead to false signals.Overlooking Risk Management: Always use stop-losses to minimize potential losses.Forcing Trades: Not all converging trendlines are valid rising wedges. Ensure the pattern meets the criteria.
Conclusion
The rising wedge is a reliable pattern for identifying bearish opportunities in both uptrends and downtrends. By waiting for a confirmed breakout, using volume and indicators for validation, and managing risk with stop-losses and profit targets, traders can effectively capitalize on this pattern. Patience and discipline are key to avoiding false signals and maximizing profitability when trading rising wedges.
#TRXETF
As of April 20, 2025, Canary Capital has filed with the U.S. Securities and Exchange Commission (SEC) to launch the first U.S.-listed exchange-traded fund (ETF) focused on TRON’s native token, TRX. This ETF is notable for its inclusion of staking capabilities, aiming to hold actual TRX tokens and stake a portion through trusted third-party platforms, offering investors an annual yield of approximately 4.5%.
The fund’s assets will be securely managed by BitGo Trust Company, which will oversee custody and staking operations. This initiative positions Canary Capital at the forefront of integrating staking features into crypto ETFs, a trend gaining momentum amid evolving regulatory landscapes.
TRX, the token powering the TRON network founded by Justin Sun, currently boasts a market capitalization exceeding $22 billion. The proposed ETF aims to provide investors with exposure to TRX’s spot price and staking rewards, reflecting the growing interest in diversified crypto investment vehicles.
This development marks TRX as the 13th cryptocurrency to have a spot ETF application filed, following the approvals of Bitcoin and Ethereum ETFs, indicating a broader trend of altcoin ETF applications.
Investors should monitor this space for further updates as the SEC reviews the application and the crypto ETF landscape continues to evolve.
$TRX
As of April 20, 2025, Canary Capital has filed with the U.S. Securities and Exchange Commission (SEC) to launch the first U.S.-listed exchange-traded fund (ETF) focused on TRON’s native token, TRX. This ETF is notable for its inclusion of staking capabilities, aiming to hold actual TRX tokens and stake a portion through trusted third-party platforms, offering investors an annual yield of approximately 4.5%.
The fund’s assets will be securely managed by BitGo Trust Company, which will oversee custody and staking operations. This initiative positions Canary Capital at the forefront of integrating staking features into crypto ETFs, a trend gaining momentum amid evolving regulatory landscapes.
TRX, the token powering the TRON network founded by Justin Sun, currently boasts a market capitalization exceeding $22 billion. The proposed ETF aims to provide investors with exposure to TRX’s spot price and staking rewards, reflecting the growing interest in diversified crypto investment vehicles.
This development marks TRX as the 13th cryptocurrency to have a spot ETF application filed, following the approvals of Bitcoin and Ethereum ETFs, indicating a broader trend of altcoin ETF applications.
Investors should monitor this space for further updates as the SEC reviews the application and the crypto ETF landscape continues to evolve.
$TRX
As of April 20, 2025, Nillion ($NIL ) is trading at approximately $0.3702, having experienced a 3.89% increase in the last 24 hours. The intraday high and low stand at $0.3848 and $0.3517, respectively.
On the 4-hour chart, $NIL has recently faced resistance at the 50-period Exponential Moving Average (EMA), indicating a potential bearish sentiment in the short term. This rejection suggests that sellers are currently dominating, and the price may continue to face downward pressure unless it breaks above this EMA level.
Key Levels to Watch:
• Resistance: $0.3848 (recent high)
• Support: $0.3517 (recent low)
Technical Indicators:
• 50 EMA (4H): Acting as dynamic resistance
• RSI (14): Approaching neutral territory; monitor for overbought or oversold conditions
Trading Strategy:
• Bullish Scenario: A decisive close above the 50 EMA could signal a potential uptrend, with targets near the recent high of $0.3848.
• Bearish Scenario: Failure to break above the 50 EMA may lead to a retest of the support at $0.3517.
Traders should exercise caution and consider waiting for a confirmed breakout or breakdown before entering positions. Utilizing stop-loss orders and monitoring volume can also help manage risk effectively.
Note: Always conduct your own research and consider your risk tolerance before making trading decisions.
On the 4-hour chart, $NIL has recently faced resistance at the 50-period Exponential Moving Average (EMA), indicating a potential bearish sentiment in the short term. This rejection suggests that sellers are currently dominating, and the price may continue to face downward pressure unless it breaks above this EMA level.
Key Levels to Watch:
• Resistance: $0.3848 (recent high)
• Support: $0.3517 (recent low)
Technical Indicators:
• 50 EMA (4H): Acting as dynamic resistance
• RSI (14): Approaching neutral territory; monitor for overbought or oversold conditions
Trading Strategy:
• Bullish Scenario: A decisive close above the 50 EMA could signal a potential uptrend, with targets near the recent high of $0.3848.
• Bearish Scenario: Failure to break above the 50 EMA may lead to a retest of the support at $0.3517.
Traders should exercise caution and consider waiting for a confirmed breakout or breakdown before entering positions. Utilizing stop-loss orders and monitoring volume can also help manage risk effectively.
Note: Always conduct your own research and consider your risk tolerance before making trading decisions.
🚨 WCT Launchpool Ending Today – Potential Price Impact Ahead
Since its launch, WalletConnect Token ($WCT ) has demonstrated impressive performance. After a significant pump on higher timeframes, the price has undergone a correction. Notably, today marks the conclusion of the WCT Launchpool event on Bybit, which could lead to a substantial number of tokens being unlocked. This influx may exert downward pressure on the price.
📊 Today’s Trading Snapshot:
• Current Price: $0.4927
• 24h High: $0.5476
• 24h Low: $0.3588
• 24h Volume: Approximately $606 million
• Market Cap: Around $90.9 million
⚠️ Key Considerations:
• The conclusion of the Launchpool event may lead to increased selling pressure as unlocked tokens become available for trading.
• Traders should monitor the market closely for potential volatility.
🔗 Stay Informed:
For real-time updates and detailed information, refer to the official announcements on Binance and Bybit.
⸻
Since its launch, WalletConnect Token ($WCT ) has demonstrated impressive performance. After a significant pump on higher timeframes, the price has undergone a correction. Notably, today marks the conclusion of the WCT Launchpool event on Bybit, which could lead to a substantial number of tokens being unlocked. This influx may exert downward pressure on the price.
📊 Today’s Trading Snapshot:
• Current Price: $0.4927
• 24h High: $0.5476
• 24h Low: $0.3588
• 24h Volume: Approximately $606 million
• Market Cap: Around $90.9 million
⚠️ Key Considerations:
• The conclusion of the Launchpool event may lead to increased selling pressure as unlocked tokens become available for trading.
• Traders should monitor the market closely for potential volatility.
🔗 Stay Informed:
For real-time updates and detailed information, refer to the official announcements on Binance and Bybit.
⸻
⸻
Quick Snapshot:
• Current Price: $0.575
• 24h Change: +12.52% (strong bullish move)
• 24h High/Low:
• High: $0.578
• Low: $0.509
• RSI (20): 56.28 → indicating neutral to slightly bullish momentum
• Volume (24h):
• FET: 42.27 million
• USDT: 23.19 million
• Recent Low (Support): $0.345
• MA(20): Showing around 37.17M on the chart (volume-based MA)
⸻
Technical Insights:
1. Recovery from Bottom:
Price bounced back from the recent low of $0.345, forming a potential double bottom pattern — often a sign of trend reversal.
2. Resistance Zone:
Current price at $0.575 is very close to an important resistance level. A strong breakout above $0.578 may lead to a continuation of the uptrend.
3. RSI (Relative Strength Index):
At 56.28, RSI is still in a safe range — neither overbought nor oversold. It shows buying momentum is gradually building.
4. Volume:
Decent trading volume supports the recent move upward. If volume increases further with a breakout, it can be considered a stronger bullish signal.
⸻
What You Could Do:
Situation Suggestion
Already holding FET You might hold and watch for a breakout above $0.578, or set a stop-loss to protect gains
Planning to enter Consider waiting for a confirmed breakout above $0.58 with strong volume
Short-term trading Be cautious here — you’re at a resistance point. Ideal for breakout traders, but risky for scalpers without confirmation
⸻
🔍 Binance Learn & Earn + Traders Bootcamp Quiz Answers! 🎉✨
Looking for the correct quiz answers? We've got you covered! 📚
Check the image below to boost your chances of winning $10,000 – $20,000! 💰
👉 Get the answers, ace the quiz, and claim your rewards!
💬 Need help? Drop a comment below!
#TradersBootCamp
*1.Which of the following is NOT available on the Markets Overview page?
-GM Greetings
*2.Which of the following is/are benefits of Binance’s Trading Insight tool?
-All of the above
*3.Should you invest immediately after spotting a high-potential token in Trading Insights?
-No, while AI insights and indicators are helpful tools, they are not financial advice. Always DYOR (Do Your Own Research) before investing..
*4.Binance Square is a platform where traders can follow crypto experts, explore trending topics, and exchange trading insights.
-Yes
*5.Which of these categories can you filter in Binance News?
-All of the above
Looking for the correct quiz answers? We've got you covered! 📚
Check the image below to boost your chances of winning $10,000 – $20,000! 💰
👉 Get the answers, ace the quiz, and claim your rewards!
💬 Need help? Drop a comment below!
#TradersBootCamp
*1.Which of the following is NOT available on the Markets Overview page?
-GM Greetings
*2.Which of the following is/are benefits of Binance’s Trading Insight tool?
-All of the above
*3.Should you invest immediately after spotting a high-potential token in Trading Insights?
-No, while AI insights and indicators are helpful tools, they are not financial advice. Always DYOR (Do Your Own Research) before investing..
*4.Binance Square is a platform where traders can follow crypto experts, explore trending topics, and exchange trading insights.
-Yes
*5.Which of these categories can you filter in Binance News?
-All of the above
Rugpull?
My total #nil reward is:8.10
#BinanceLaunchpoolNIL
I staked 6039 $USDC in #NIL launchpool.
Follow to get future updates🎲$BNB
I staked 6039 $USDC in #NIL launchpool.
Follow to get future updates🎲$BNB
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