#MerlinTradingCompetition Binance Wallet is excited to launch the Trading Competition of Merlin on Binance Alpha! During the Promotion Period, trade MERL in your Binance Wallet (no key) or through Binance Alpha to share exclusive rewards in tokens. Any user eligible to trade Binance Alpha tokens is eligible to participate in this trading competition. Promotion Period: 2025-05-20 09:00 (UTC) to 2025-06-03 09:00 (UTC) General Rules: Participants will be ranked according to their total purchase volume of MERL during the Promotion Period. The top 10,000 users by purchase volume of MERL tokens during the Promotion Period will share 9,840,000 MERL tokens equally (= 984 MERL per user).
#TradingAnalysis101 Massive Price Increase: $RARE increased from 0.0466 to 0.1357, nearly a 200% increase. Many retail investors activated stop losses or were liquidated due to high volatility. 2. Common Trading Mistakes: Some traders assumed that the price would pull back after the big jump, leading to losses due to herd mentality. The publication suggests avoiding FOMO (Fear of Missing Out) and conducting proper analysis before trading. 3. Technical Analysis (TA): Weekly Chart: RSI at 60, indicating there is still room for growth. The price is within a weekly trend line, so there is no significant trend reversal unless it stays above 0.23. 1-Hour Chart: Shows a strong upward trend, with the price above the MA(25) (Moving Average). RSI above 60, indicating room before reaching the overbought zone. High volume and buying pressure suggest ongoing demand. 4. Critical Levels and Liquidation Risk: Strong resistance at 0.145 (observed in both 1H and weekly time frames). The liquidation map shows large liquidations at 0.11, meaning the price might test that level. If it falls below MA(25), market sentiment could turn bearish. Conclusion: Short-term bullish outlook with strong demand, but caution is needed. Strong resistance at 0.145 and support around 0.11. If the price holds above 0.23, it could signal a trend reversal. Do your own research (DYOR) and avoid blindly following signals or trends.
$BTC Here is a general analysis of the cryptocurrency market right now:
1. **Price Trends**: Bitcoin has shown a recent increase of 3.55%, which could indicate a renewed interest in the cryptocurrency, especially when compared to its performance in the previous weeks.
2. **Other Cryptocurrencies**: It is important to look at how other altcoins, such as Ethereum (ETH), Binance Coin (BNB), and Cardano (ADA), are performing. Altcoins often follow Bitcoin's trends, so their performance can provide a broader view of the market.
3. **Market Cap**: The total capitalization of the cryptocurrency market is a key indicator; an increase in capitalization suggests increased investment and confidence in the sector.