CriptoLuck
https://abrir.link/mcQAE
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yes, buy now and sell at 1.02 first point, second point 1.20$ third 1.40$
Is it time to buy $OM ?#
@MANTRA
#OMCoin #om
@MANTRA
#OMCoin #om
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$OM
REPOST:
1) Sherpas, OMies, and the broader crypto community,
First and foremost, the team and I deeply appreciate the support we have received in the last few hours, which we believe is a testament to the strong backing that MANTRA has among its investors and community.
We have determined that the market movements of OM were triggered by reckless forced liquidations initiated by centralized exchanges on OM account holders. The timing and depth of the drop suggest that a very sudden liquidation of account positions was initiated without sufficient warning or notification.
The fact that this happened during low liquidity hours on a Sunday night UTC (early morning in Asia) points to a degree of negligence, at best, or possibly an intentional market position taken by centralized exchanges.
Partners from centralized exchanges play a crucial role in providing liquidity to projects like ours. We work closely with them; however, they continue to exercise extremely high levels of discretion. When discretionary powers are exercised without proper internal and external oversight, displacements like the one that recently occurred can and will happen, harming both projects and investors.
To be clear, this displacement was not caused by the team, the MANTRA Chain Association, its main advisors, or by MANTRA investors selling tokens. The tokens remain locked and subject to the published vesting periods. The tokenomics of OM remains intact, as shared last week in our latest token report. Our token wallet addresses are online and visible.
REPOST:
1) Sherpas, OMies, and the broader crypto community,
First and foremost, the team and I deeply appreciate the support we have received in the last few hours, which we believe is a testament to the strong backing that MANTRA has among its investors and community.
We have determined that the market movements of OM were triggered by reckless forced liquidations initiated by centralized exchanges on OM account holders. The timing and depth of the drop suggest that a very sudden liquidation of account positions was initiated without sufficient warning or notification.
The fact that this happened during low liquidity hours on a Sunday night UTC (early morning in Asia) points to a degree of negligence, at best, or possibly an intentional market position taken by centralized exchanges.
Partners from centralized exchanges play a crucial role in providing liquidity to projects like ours. We work closely with them; however, they continue to exercise extremely high levels of discretion. When discretionary powers are exercised without proper internal and external oversight, displacements like the one that recently occurred can and will happen, harming both projects and investors.
To be clear, this displacement was not caused by the team, the MANTRA Chain Association, its main advisors, or by MANTRA investors selling tokens. The tokens remain locked and subject to the published vesting periods. The tokenomics of OM remains intact, as shared last week in our latest token report. Our token wallet addresses are online and visible.
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$BTC #BTC $BTC
1. Graphic Pattern: W Formation (Double Bottom)
The formation of a "W" suggests a double bottom, which is a bullish trend reversal pattern. Here’s what I see:
Two visibly marked and almost symmetrical bottoms.
The second bottom is slightly above the first, which may be a sign of buying strength anticipating the breakout.
The "neckline" of the pattern is at ~82.073 – this is the key breakout region.
There is a blue arrow indicating a possible breakout and target projection for 82.670.
Interpretation: if the price strongly breaks this neckline, the projection of the W pattern could drive the price up to at least 82.500–82.670 in the short term, with good continuation potential.
1. Graphic Pattern: W Formation (Double Bottom)
The formation of a "W" suggests a double bottom, which is a bullish trend reversal pattern. Here’s what I see:
Two visibly marked and almost symmetrical bottoms.
The second bottom is slightly above the first, which may be a sign of buying strength anticipating the breakout.
The "neckline" of the pattern is at ~82.073 – this is the key breakout region.
There is a blue arrow indicating a possible breakout and target projection for 82.670.
Interpretation: if the price strongly breaks this neckline, the projection of the W pattern could drive the price up to at least 82.500–82.670 in the short term, with good continuation potential.
Something very important is going to happen on April 17 and in the next few days. My tip: do your research. #eigen $EIGEN #Eigenlayer公布空投计划 #GoodLuck
My first target $1.41 🎯
Good luck to everyone and stay calm, wait for the best moment!
My first target $1.41 🎯
Good luck to everyone and stay calm, wait for the best moment!
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#BTC $BTC #ETH
Is Bitcoin gearing up for an upward move?
After several days of correction, Bitcoin is showing signs of recovery, suggesting that selling pressure may be weakening. The breakout of key levels and the approach of the 50 and 200-period moving averages indicate a potential structural shift in the short term. If the price holds this recovery and the moving average crossover materializes, we could see a strengthening bullish trend, attracting even more liquidity to the asset.
If this setup confirms, Bitcoin could quickly target the $84K - $85K range. The confluence of indicators, such as widening Bollinger Bands and increasing buying volume, reinforces this possibility.
Now, the market awaits confirmation of this move. Are you ready for the next leg up?
#bitcoin #crypto #TechnicalAnalysis #BTC #trading
#BTC $BTC #ETH
Is Bitcoin gearing up for an upward move?
After several days of correction, Bitcoin is showing signs of recovery, suggesting that selling pressure may be weakening. The breakout of key levels and the approach of the 50 and 200-period moving averages indicate a potential structural shift in the short term. If the price holds this recovery and the moving average crossover materializes, we could see a strengthening bullish trend, attracting even more liquidity to the asset.
If this setup confirms, Bitcoin could quickly target the $84K - $85K range. The confluence of indicators, such as widening Bollinger Bands and increasing buying volume, reinforces this possibility.
Now, the market awaits confirmation of this move. Are you ready for the next leg up?
#bitcoin #crypto #TechnicalAnalysis #BTC #trading
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OPPORTUNITY OR TRAP? #REZ $REZ
In my view, this is not a risk worth taking. The token appreciated by 40% recently, but it is now giving back some of that gain. There is a strong possibility of retreating to 0.01388, which would represent an additional drop of 16.77% from the current price.
For those who believe that the token can reach 0.02084 again and are looking for a potential gain of 22.09%, my suggestion is to be patient and wait to buy closer to the historical support. This way, the risk will be lower and the possibility of a 40% return instead of 20% could become more realistic. Does that make sense to you?
I myself followed this strategy: when the token reached a 40% profit, I sold everything and then placed a new buy order at 0.01388.
I am not recommending buying or selling, just highlighting the importance of understanding the right moments to enter and exit the market. Following advice from the wrong people can be costly. Always do your own analysis. Good luck to everyone!
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OPPORTUNITY OR TRAP? #REZ $REZ
In my view, this is not a risk worth taking. The token appreciated by 40% recently, but it is now giving back some of that gain. There is a strong possibility of retreating to 0.01388, which would represent an additional drop of 16.77% from the current price.
For those who believe that the token can reach 0.02084 again and are looking for a potential gain of 22.09%, my suggestion is to be patient and wait to buy closer to the historical support. This way, the risk will be lower and the possibility of a 40% return instead of 20% could become more realistic. Does that make sense to you?
I myself followed this strategy: when the token reached a 40% profit, I sold everything and then placed a new buy order at 0.01388.
I am not recommending buying or selling, just highlighting the importance of understanding the right moments to enter and exit the market. Following advice from the wrong people can be costly. Always do your own analysis. Good luck to everyone!
---
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monetary flow of the EIGEN/USDT token:
#eigen $EIGEN #BTC $ETH $BTC #ETH
Technical Analysis
1. Current Price: 0.944 USDT, with an appreciation of +1.94%.
2. High and Low (24h): The token fluctuated between 0.963 USDT and 0.922 USDT, indicating moderate volatility.
3. Technical Indicators:
The 4-hour chart shows a slight recovery, with bullish candles attempting to break the resistance near 0.95 USDT.
The MACD exhibits signs of a bullish crossover, but the histogram still suggests weakness in the buying movement.
The RSI is not visible, but given the recent movement, it is likely close to neutrality.
Monetary Flow Analysis
1. Buy and Sell Orders:
Total Buys: 4.62M EIGEN.
Total Sells: 4.76M EIGEN.
Negative balance of -131,293.94 EIGEN, indicating slight selling pressure.
2. Capital Inflows:
Negative flow of -1.85M EIGEN in the last 5 days.
The last 24 hours show a positive breath with 109,527.84 EIGEN of net inflow.
---
Short-Term Opportunities
The EIGEN/USDT token presents a consolidation scenario with slight selling pressure in the accumulated last days, but with signs of recovery in the last 24 hours. The market seems to be looking for a bottom near 0.92 USDT, and if demand continues to increase, we may see a test of resistance at 0.95 - 1.00 USDT.
Possible strategies:
Speculative buy if the price maintains support above 0.94 USDT, targeting 0.96 - 1.00 USDT.
Short-term sell if there is a strong rejection at 0.95 USDT, as it could indicate a new drop to 0.92 USDT.
Wait for confirmation of buying volume to validate a clearer reversal trend.
The market is still indecisive, so risk management should be a priority, avoiding aggressive entries until the trend is confirmed.
#eigen $EIGEN #BTC $ETH $BTC #ETH
Technical Analysis
1. Current Price: 0.944 USDT, with an appreciation of +1.94%.
2. High and Low (24h): The token fluctuated between 0.963 USDT and 0.922 USDT, indicating moderate volatility.
3. Technical Indicators:
The 4-hour chart shows a slight recovery, with bullish candles attempting to break the resistance near 0.95 USDT.
The MACD exhibits signs of a bullish crossover, but the histogram still suggests weakness in the buying movement.
The RSI is not visible, but given the recent movement, it is likely close to neutrality.
Monetary Flow Analysis
1. Buy and Sell Orders:
Total Buys: 4.62M EIGEN.
Total Sells: 4.76M EIGEN.
Negative balance of -131,293.94 EIGEN, indicating slight selling pressure.
2. Capital Inflows:
Negative flow of -1.85M EIGEN in the last 5 days.
The last 24 hours show a positive breath with 109,527.84 EIGEN of net inflow.
---
Short-Term Opportunities
The EIGEN/USDT token presents a consolidation scenario with slight selling pressure in the accumulated last days, but with signs of recovery in the last 24 hours. The market seems to be looking for a bottom near 0.92 USDT, and if demand continues to increase, we may see a test of resistance at 0.95 - 1.00 USDT.
Possible strategies:
Speculative buy if the price maintains support above 0.94 USDT, targeting 0.96 - 1.00 USDT.
Short-term sell if there is a strong rejection at 0.95 USDT, as it could indicate a new drop to 0.92 USDT.
Wait for confirmation of buying volume to validate a clearer reversal trend.
The market is still indecisive, so risk management should be a priority, avoiding aggressive entries until the trend is confirmed.
The Hidden Opportunity in the Crypto Market Drop! #BTC $BTC $ETH #ETH #oportunidade
Today, looking at the crypto market, many might feel the weight of red on the charts. Bitcoin has pulled back, Ethereum followed, and altcoins have taken significant hits—down 8%, 10%, even 11%. For those unfamiliar with market dynamics, this might seem alarming. But for those who know how to play the game, this could be a prime opportunity for great trades.
The crypto market is volatile, and that volatility should be seen as an ally, not an enemy. Those who can take advantage of these movements can position themselves for significant profits in the coming days. Imagine buying today, at these low prices, and in two or three days seeing a 10% or more increase? This isn’t just theory—it’s reality.
Real Example: 10% Profit in 5 Days
I say this with confidence because I’ve done it. Over five days, I made strategic trades and accumulated gains:
✅ 2% in one day
✅ 3% on another
✅ 4% the next
A total of 10% profit in one week.
Now, imagine if you buy today, taking advantage of this dip, and in a few days, the market recovers. Bitcoin could rise, Ethereum could follow, and altcoins, which have dropped sharply, could rebound even stronger. The current market situation could be a great opportunity for a well-planned swing trade.
Don’t Be a Sardine—Don’t Sell in Panic
Whales love when small investors panic and sell at the bottom. That’s their game. But you don’t have to fall into that trap. Staying calm, following a strategy, and understanding market cycles is essential for those who want to succeed in this space.
Remember: the crypto market might wake up red, but it can also wake up green. Opportunities lie in these fluctuations. Those who seize them can reap great rewards.
The decision is yours. Do you want to act like a sardine and hand over your assets to the whales? Or do you want to see this drop as the opportunity that could change your financial game?
Today, looking at the crypto market, many might feel the weight of red on the charts. Bitcoin has pulled back, Ethereum followed, and altcoins have taken significant hits—down 8%, 10%, even 11%. For those unfamiliar with market dynamics, this might seem alarming. But for those who know how to play the game, this could be a prime opportunity for great trades.
The crypto market is volatile, and that volatility should be seen as an ally, not an enemy. Those who can take advantage of these movements can position themselves for significant profits in the coming days. Imagine buying today, at these low prices, and in two or three days seeing a 10% or more increase? This isn’t just theory—it’s reality.
Real Example: 10% Profit in 5 Days
I say this with confidence because I’ve done it. Over five days, I made strategic trades and accumulated gains:
✅ 2% in one day
✅ 3% on another
✅ 4% the next
A total of 10% profit in one week.
Now, imagine if you buy today, taking advantage of this dip, and in a few days, the market recovers. Bitcoin could rise, Ethereum could follow, and altcoins, which have dropped sharply, could rebound even stronger. The current market situation could be a great opportunity for a well-planned swing trade.
Don’t Be a Sardine—Don’t Sell in Panic
Whales love when small investors panic and sell at the bottom. That’s their game. But you don’t have to fall into that trap. Staying calm, following a strategy, and understanding market cycles is essential for those who want to succeed in this space.
Remember: the crypto market might wake up red, but it can also wake up green. Opportunities lie in these fluctuations. Those who seize them can reap great rewards.
The decision is yours. Do you want to act like a sardine and hand over your assets to the whales? Or do you want to see this drop as the opportunity that could change your financial game?
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The pattern shown in the first image is known as the “Penguin” or “Bullish Continuation Pattern.” It occurs after a strong upward move (the “flagpole”), followed by a consolidation in a symmetrical triangle shape (the pennant). When the price breaks out of the pennant upward, it is a sign of a continuation of the uptrend. $THE #thebegin #The
1. The pennant is depicted in the first image, indicating the classic formation.
2. In the second image, the chart of the asset THE/USDT shows consolidation characteristics shortly after a significant upward move, suggesting that a pennant may be forming.
If the asset does break through the upper resistance of the pennant, there is a possibility of a significant upside. In this case, the target is usually designed by measuring the size of the “flagpole” (the initial high before the pennant formed) and applying that same height from the breakout point.
Price Projection:
1. Current price: $2.6893.
2. Flagpole height (approximate): $2.1905 (24h low) to $2.8780 (24h high) = $0.6875.
3. Target in case of an upward breakout: $2.8780 + $0.6875 ≈ $3.5655.
Summary: If the asset $THE confirms the breakout of the pennant resistance, it is possible that it will reach the $3.50 to $3.60 region. However, monitor technical indicators (such as volume and relative strength) to confirm the strength of the movement and protect yourself against false breakouts.
1. The pennant is depicted in the first image, indicating the classic formation.
2. In the second image, the chart of the asset THE/USDT shows consolidation characteristics shortly after a significant upward move, suggesting that a pennant may be forming.
If the asset does break through the upper resistance of the pennant, there is a possibility of a significant upside. In this case, the target is usually designed by measuring the size of the “flagpole” (the initial high before the pennant formed) and applying that same height from the breakout point.
Price Projection:
1. Current price: $2.6893.
2. Flagpole height (approximate): $2.1905 (24h low) to $2.8780 (24h high) = $0.6875.
3. Target in case of an upward breakout: $2.8780 + $0.6875 ≈ $3.5655.
Summary: If the asset $THE confirms the breakout of the pennant resistance, it is possible that it will reach the $3.50 to $3.60 region. However, monitor technical indicators (such as volume and relative strength) to confirm the strength of the movement and protect yourself against false breakouts.
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$ENA the potential impact of the token unlock event scheduled for December 4, 2024.
1. Token Unlock Dashboard:
Total unlock progress: Only 13% of tokens have been unlocked, while 56.46% remain locked.
Next unlock event:
Date: 12/04/24, 07:00 UTC.
Quantity: 12.86 million tokens (~0.45% of circulating supply), with an estimated value of $10.62 million.
Purpose: "Ecosystem Development", indicating that these tokens can be used for expansions or initiatives within the ecosystem.
The event could significantly increase supply in the market.
2. Current price: $0.8154, with a daily increase of +3.45%.
Short-term trend: The 4-hour chart shows slight selling pressure, with red candles forming after a bullish sequence.
Support and resistance:
Major support: $0.7228.
Major resistance: $0.8888.
Historical performance: The asset has appreciated by +265.70% over the past 90 days, which may attract attention but also increases the likelihood of profit-taking in the event of high supply events such as the unlock.
Potential risks:
1. Increased supply in the market:
The unlock of 12.86 million tokens may exert selling pressure, especially if holders choose to liquidate their positions. This could cause a significant drop in the price of $ENA
2. Market psychology:
Investors may anticipate the event and start selling ahead of the date (a "sell the news" movement), which may already be reflected in the selling pressure visible on the chart.
3. Volatility:
Unlocks generally increase volatility, creating risks for both short-term investors and long-term holders.
Conclusion:
#ENA faces a high risk of a price drop due to the upcoming token unlock event on December 4, 2024.
Caution is advised, especially for short-term investors.
1. Token Unlock Dashboard:
Total unlock progress: Only 13% of tokens have been unlocked, while 56.46% remain locked.
Next unlock event:
Date: 12/04/24, 07:00 UTC.
Quantity: 12.86 million tokens (~0.45% of circulating supply), with an estimated value of $10.62 million.
Purpose: "Ecosystem Development", indicating that these tokens can be used for expansions or initiatives within the ecosystem.
The event could significantly increase supply in the market.
2. Current price: $0.8154, with a daily increase of +3.45%.
Short-term trend: The 4-hour chart shows slight selling pressure, with red candles forming after a bullish sequence.
Support and resistance:
Major support: $0.7228.
Major resistance: $0.8888.
Historical performance: The asset has appreciated by +265.70% over the past 90 days, which may attract attention but also increases the likelihood of profit-taking in the event of high supply events such as the unlock.
Potential risks:
1. Increased supply in the market:
The unlock of 12.86 million tokens may exert selling pressure, especially if holders choose to liquidate their positions. This could cause a significant drop in the price of $ENA
2. Market psychology:
Investors may anticipate the event and start selling ahead of the date (a "sell the news" movement), which may already be reflected in the selling pressure visible on the chart.
3. Volatility:
Unlocks generally increase volatility, creating risks for both short-term investors and long-term holders.
Conclusion:
#ENA faces a high risk of a price drop due to the upcoming token unlock event on December 4, 2024.
Caution is advised, especially for short-term investors.
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$THE If you decide to buy, just don't forget to take your profit when it hits $4, because then the ship will sink again.
The stock hit $3.90 and gave back a good part of it, now it will gain liquidity and then do the same movement. My goal is to try to help the unsuspecting, whales don't forgive, when it has to fall, it will fall. 🐳
The stock hit $3.90 and gave back a good part of it, now it will gain liquidity and then do the same movement. My goal is to try to help the unsuspecting, whales don't forgive, when it has to fall, it will fall. 🐳
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$THE meat grinder grinding all those who don't understand the rules of the game. 😶🌫️☄️
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#ENA $ENA
The ENA/USDT asset is showing interesting behavior in the market, with the potential to retest previous highs. If it manages to break through these resistances, there is a great chance of significant growth.
For example, if the asset leaves the current price of $0.6157 and reaches the $0.6684 mark, it would show a gain of 8.59%. If it continues to seek higher highs, the profits could be even more significant. However, it is essential to be cautious, as the market could correct at any time.
This correction could be influenced mainly by the expectation that Bitcoin (BTC), upon reaching the $100,000 mark, will undergo a correction. Such a movement in BTC could negatively affect altcoins, including ENA. Therefore, it is essential to avoid making purchases close to historical highs.
While BTC is still on the path to $100,000, there is a window of opportunity to trade ENA, taking advantage of the upward movements and making exits at the right time.
Finally, when selling, be careful to identify a good entry opportunity again, as I believe ENA will seek the $1.00 level by December. This scenario is promising, but requires careful analysis and strategy.
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The ENA/USDT asset is showing interesting behavior in the market, with the potential to retest previous highs. If it manages to break through these resistances, there is a great chance of significant growth.
For example, if the asset leaves the current price of $0.6157 and reaches the $0.6684 mark, it would show a gain of 8.59%. If it continues to seek higher highs, the profits could be even more significant. However, it is essential to be cautious, as the market could correct at any time.
This correction could be influenced mainly by the expectation that Bitcoin (BTC), upon reaching the $100,000 mark, will undergo a correction. Such a movement in BTC could negatively affect altcoins, including ENA. Therefore, it is essential to avoid making purchases close to historical highs.
While BTC is still on the path to $100,000, there is a window of opportunity to trade ENA, taking advantage of the upward movements and making exits at the right time.
Finally, when selling, be careful to identify a good entry opportunity again, as I believe ENA will seek the $1.00 level by December. This scenario is promising, but requires careful analysis and strategy.
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The ENA/USDT asset has just given clear signs of an explosive movement on the chart! The crossing of the moving averages and the breaking of important resistances indicate that we are facing a strong start to the rise. Now is the time to act!
Don't wait too long, because the market does not forgive those who hesitate. The train is already leaving the station, and those who do not secure their ticket now may end up buying at the top and getting "stuck on the trip". The opportunity is here, but it will not wait for you. Take advantage before the price shoots up even more! $ENA #ENATOTHEMOON #ENA #BTC
Don't wait too long, because the market does not forgive those who hesitate. The train is already leaving the station, and those who do not secure their ticket now may end up buying at the top and getting "stuck on the trip". The opportunity is here, but it will not wait for you. Take advantage before the price shoots up even more! $ENA #ENATOTHEMOON #ENA #BTC
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The ENA/USDT asset presents a promising scenario: the crossing of the moving averages signals a possible start of a strong upward movement, 15-minute chart time.
Observing the chart, there is a favorable technical alignment, indicating that the trend may intensify in the coming periods. Keep an eye on this asset! #ENATOTHEMOON $ENA #ena
Observing the chart, there is a favorable technical alignment, indicating that the trend may intensify in the coming periods. Keep an eye on this asset! #ENATOTHEMOON $ENA #ena
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$ENA #ENA
If Bitcoin remains above 90k and continues towards 91, 92, 93k, or even in search of new all-time highs, there is a great chance that not only ENA, but several other altcoins, will respond strongly. In this scenario, ENA is particularly well positioned. Among the assets with the highest movement, ENA shows a direct correlation with BTC, which may represent an excellent opportunity for attentive investors.
With BTC leading the way, ENA and other altcoins tend to follow the upward trend, generating a favorable scenario for those looking to take advantage of this moment of expansion in the market.
If Bitcoin remains above 90k and continues towards 91, 92, 93k, or even in search of new all-time highs, there is a great chance that not only ENA, but several other altcoins, will respond strongly. In this scenario, ENA is particularly well positioned. Among the assets with the highest movement, ENA shows a direct correlation with BTC, which may represent an excellent opportunity for attentive investors.
With BTC leading the way, ENA and other altcoins tend to follow the upward trend, generating a favorable scenario for those looking to take advantage of this moment of expansion in the market.
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Buying Opportunity for ENA/USDT! $ENA #ENATOTHEMOON #ENA 🚀
Now is the perfect time to enter the ENA/USDT asset! Looking at the 5-minute chart, we see that the price is testing an important resistance zone at 0.5474 USDT, where it recently broke through the short moving average and the upper Bollinger band, indicating buying pressure and potential for appreciation. Buying volume is also high, supporting the movement.
📈 Entry Point: 0.5470 USDT – A break above this level could pave the way for further gains.
📉 Exit Point: Set a target at 0.60 USDT to take advantage of the potential quick gain and protect your capital.
Watch the Indicators! The RSI is in the positive zone, and the MACD signals an uptrend. Don't miss out on the chance to profit from this trend!
⏰ Get ready to ride the wave!
Now is the perfect time to enter the ENA/USDT asset! Looking at the 5-minute chart, we see that the price is testing an important resistance zone at 0.5474 USDT, where it recently broke through the short moving average and the upper Bollinger band, indicating buying pressure and potential for appreciation. Buying volume is also high, supporting the movement.
📈 Entry Point: 0.5470 USDT – A break above this level could pave the way for further gains.
📉 Exit Point: Set a target at 0.60 USDT to take advantage of the potential quick gain and protect your capital.
Watch the Indicators! The RSI is in the positive zone, and the MACD signals an uptrend. Don't miss out on the chance to profit from this trend!
⏰ Get ready to ride the wave!
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First of all, I went back to buying $ENA and this time I made two large purchases. #ENA
Analyzing the indicators of the ENA pair image and the data presented, we can draw some conclusions regarding the short term:
1. Current Price and Change:
The current price is at 0.3990 USDT, with a positive change of +4.01% in the last 24 hours, which indicates some optimism in the short term.
2. Bollinger Bands (BB):
The Bollinger bands are widening, which is a sign of increased volatility. The price is close to the lower band, indicating a possible recovery if volatility continues to increase and the asset has buying strength.
3. MACD (Moving Average Convergence Divergence):
The MACD chart shows a recent crossover of the fast moving average above the slow one, which is usually a buy signal. This crossover suggests a bullish momentum in the short term
4. Volume:
The volume is significant, with 123.193M transactions, and a greater predominance of selling pressure (54.39%) over buying (45.61%). This requires caution, because even with bullish signals, the market is still showing more sell orders
5. Resistance Points:
There are important resistances in the 0.4639, 0.4693, and 0.4798 ranges. These points indicate areas where the price may have difficulty continuing to rise, making them good targets for partial selling
Conclusion:
In the short term, the indicators suggest bullish potential due to the positive MACD crossover and the increased volatility in the Bollinger Bands. However, selling pressure is still considerable, so it would be wise to have a clear exit strategy
Possible Sell Points:
0.4639 USDT: First relevant resistance, great point for partial profit-taking
0.4693 USDT: Second resistance, could be a key selling target.
0.4798 USDT: Strongest resistance, full sell-off could be considered here if the asset reaches this level
Monitor the volume and the evolution of buying and selling pressure to adjust your strategy as the market reacts.
Analyzing the indicators of the ENA pair image and the data presented, we can draw some conclusions regarding the short term:
1. Current Price and Change:
The current price is at 0.3990 USDT, with a positive change of +4.01% in the last 24 hours, which indicates some optimism in the short term.
2. Bollinger Bands (BB):
The Bollinger bands are widening, which is a sign of increased volatility. The price is close to the lower band, indicating a possible recovery if volatility continues to increase and the asset has buying strength.
3. MACD (Moving Average Convergence Divergence):
The MACD chart shows a recent crossover of the fast moving average above the slow one, which is usually a buy signal. This crossover suggests a bullish momentum in the short term
4. Volume:
The volume is significant, with 123.193M transactions, and a greater predominance of selling pressure (54.39%) over buying (45.61%). This requires caution, because even with bullish signals, the market is still showing more sell orders
5. Resistance Points:
There are important resistances in the 0.4639, 0.4693, and 0.4798 ranges. These points indicate areas where the price may have difficulty continuing to rise, making them good targets for partial selling
Conclusion:
In the short term, the indicators suggest bullish potential due to the positive MACD crossover and the increased volatility in the Bollinger Bands. However, selling pressure is still considerable, so it would be wise to have a clear exit strategy
Possible Sell Points:
0.4639 USDT: First relevant resistance, great point for partial profit-taking
0.4693 USDT: Second resistance, could be a key selling target.
0.4798 USDT: Strongest resistance, full sell-off could be considered here if the asset reaches this level
Monitor the volume and the evolution of buying and selling pressure to adjust your strategy as the market reacts.
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$ENA $BTC #ENA
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Update on the ENA asset:
I chose to sell my ENA assets at a price of $0.42. The move was well-timed, as the asset soon gained strength, driven by the appreciation of BTC, and surpassed $0.43.
It is important to note that, on the 16th, the unlocking of a considerable amount of ENA tokens is expected, which may generate slight selling pressure in the market. I believe that this downward movement will not be that significant, estimating a correction of between 5% and 7%, based on my most recent analysis.
As I have always warned in previous communications, the important thing is to guarantee profit and keep capital in cash for future opportunities. I have already placed a new purchase order and will be monitoring the asset's performance. Once my new order is executed, I will share a more detailed update on my positioning.
I am currently out of the market, but I will continue to monitor the market closely.
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Update on the ENA asset:
I chose to sell my ENA assets at a price of $0.42. The move was well-timed, as the asset soon gained strength, driven by the appreciation of BTC, and surpassed $0.43.
It is important to note that, on the 16th, the unlocking of a considerable amount of ENA tokens is expected, which may generate slight selling pressure in the market. I believe that this downward movement will not be that significant, estimating a correction of between 5% and 7%, based on my most recent analysis.
As I have always warned in previous communications, the important thing is to guarantee profit and keep capital in cash for future opportunities. I have already placed a new purchase order and will be monitoring the asset's performance. Once my new order is executed, I will share a more detailed update on my positioning.
I am currently out of the market, but I will continue to monitor the market closely.
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