🧐 Market Insights & Trading Strategy 🔹 $REQ/USDT is showing impressive upward momentum, up over 13% in the last 24 hours. 🔹 Volume is increasing, signaling fresh buying activity. 🔹 Resistance around $0.1250, with support near $0.1150.
📌 For Sellers (Short Entry): • Shorting is risky due to strong bullish momentum. • Consider shorts only after a rejection near $0.125 - $0.130. • Confirm a trend reversal before entering any short positions.
🔥 Key Takeaways: ✅ Bullish trend developing with higher highs and higher lows. ✅ Break above $0.125 could push price to new highs. ✅ Wait for volume confirmation before entering trades.
📈 SHELL shows signs of a recovery after a recent dip!
🧐 Market Analysis & Trading Plan 🔹 Key Levels: • Bullish Signal: Above $0.52 = Potential move to $0.55 - $0.60. • Resistance Zone: A strong rejection above $0.55 could result in another pullback.
✅ Trading Strategy: 📌 Buy Zone: $0.49 - $0.50 (Accumulation Area) 📌 Targets: $0.55 - $0.60 - $0.65 📌 Stop Loss: $0.47 📌 Short Opportunity: • If price fails to maintain above $0.52, short from $0.55 with targets at $0.50 - $0.48.
🔥 Final Thoughts: ✅ SHELL remains volatile—watch for volume spikes! ✅ A clear breakout above $0.55 could trigger a stronger rally. ✅ Stick to tight risk management & trade wisely! 🚀
This week has been a rollercoaster in the crypto market! Bitcoin surged toward $100,000 following the Bybit hack but quickly retraced. However, BTC bounced back with a $7,000 recovery from its $78,000 low and is now hovering near $85,000.
Altcoins are rallying too! Ethereum climbed 5% above $2,200, while BNB jumped 4%, nearing $600. Ripple defended the $2 mark and surged to $2.17 with an 8% gain. $ETH, $SOL, $DOGE, ADA, and others are also in the green! 🎉
The recent volatility was partly triggered by a significant security incident involving the cryptocurrency exchange Bybit. On February 21, 2025, North Korean hackers exploited a vulnerability, resulting in the theft of approximately $1.5 billion in virtual assets. The FBI has confirmed North Korea's involvement in this unprecedented breach.
Despite this setback, the crypto market has shown resilience. Bybit promptly replenished its reserves, restoring the 1:1 ratio within 72 hours of the incident.
Looking ahead, March has historically been a strong month for Bitcoin, with an average return of 13.12%. Additionally, President Trump has announced a crypto summit scheduled for March 7th, fueling optimism about potential regulatory clarity and support for the industry.
What’s your take on the market? Let’s discuss in the comments! 💬