Solana (SOL) has bounced back strongly from the $150.59 support zone, showing a bullish move with solid volume backing. The recent green candles indicate buying pressure, and SOL is now testing the $161 resistance level.
📌 What's Next?
If SOL breaks and holds above $161.83, we could see a move toward $168 and beyond.
Rejection here may lead to a pullback to the $155 area.
📉 Volume is rising along with price – a good signal for bulls. However, a confirmed breakout above resistance is still needed to validate a continued uptrend.
🧠 Always DYOR – This market moves fast. Keep an eye on SOL. Things are getting interesting! 🔥
Swing trading is perfect for those who want to catch medium-term trends without watching the screen all day. Unlike scalping or day trading, swing traders hold positions for several days to weeks, using technical and fundamental analysis to find entry and exit points. It’s ideal if you have a full-time job but still want to trade actively. Key tools include moving averages, RSI, and trendlines. The biggest advantage? You can let trades play out while avoiding emotional decisions from rapid market moves. Just remember to set stop-losses and stay updated with macroeconomic news!
#OrderTypes101 Curious about the different order types in crypto trading? Let’s break them down:
🔹 Market Order – Instant buy/sell at current price 🔹 Limit Order – Set your own price and wait for a match 🔹 Stop-Loss Order – Protect yourself from big losses 🔹 Take-Profit Order – Lock in your gains at a target price
💡 How do they work? 💼 When should you use each one? 🔥 What’s your go-to order type?
#CEXvsDEX101 CEX vs DEX 101: Understanding the Differences 🔍
Centralized Exchanges (CEX) like Binance, Coinbase, and Kraken are managed by companies that facilitate crypto trading. They offer user-friendly interfaces, high liquidity, fast transactions, and customer support. 🔹 Pros:
High liquidity
Fast order execution
Fiat on-ramps
Security measures (2FA, KYC)
🔸 Cons:
Custodial (you don’t control your private keys)
Subject to regulatory restrictions
Potential target for hacks
Decentralized Exchanges (DEX) like Uniswap, PancakeSwap, and dYdX operate without intermediaries, allowing users to trade directly from their wallets. 🔹 Pros:
Non-custodial (you own your keys!)
Global accessibility & anonymity
Typically lower listing barriers for new tokens
🔸 Cons:
Lower liquidity (for some tokens)
Complex UI for beginners
No customer support if something goes wrong
Slower trade execution on certain blockchains
When Do I Use Each? ✅ I use CEXs when I need fiat conversion, advanced trading tools, or large-volume trades. ✅ I turn to DEXs for access to new or niche tokens, privacy, and true decentralization.
Both have their place in the crypto ecosystem. Knowing when and how to use them is key to navigating Web3 smartly! 🚀
Centralized Exchanges (CEX) like Binance, Coinbase, and Kraken are managed by companies that facilitate crypto trading. They offer user-friendly interfaces, high liquidity, fast transactions, and customer support. 🔹 Pros:
High liquidity
Fast order execution
Fiat on-ramps
Security measures (2FA, KYC)
🔸 Cons:
Custodial (you don’t control your private keys)
Subject to regulatory restrictions
Potential target for hacks
Decentralized Exchanges (DEX) like Uniswap, PancakeSwap, and dYdX operate without intermediaries, allowing users to trade directly from their wallets. 🔹 Pros:
Non-custodial (you own your keys!)
Global accessibility & anonymity
Typically lower listing barriers for new tokens
🔸 Cons:
Lower liquidity (for some tokens)
Complex UI for beginners
No customer support if something goes wrong
Slower trade execution on certain blockchains
When Do I Use Each? ✅ I use CEXs when I need fiat conversion, advanced trading tools, or large-volume trades. ✅ I turn to DEXs for access to new or niche tokens, privacy, and true decentralization.
Both have their place in the crypto ecosystem. Knowing when and how to use them is key to navigating Web3 smartly! 🚀
#TradingTypes101 Not all traders are the same—and understanding your trading type could be the key to unlocking your next level. Are you a scalper, glued to the screen for quick wins? Or a swing trader, patiently waiting for patterns to unfold? Maybe you’re a position trader, thinking long-term and tuning out the noise. Each style has its tools, mindset, and risk tolerance. There’s no "best" way—just the one that suits you. Over the next few days, I'll explore each one. Stay tuned and let’s decode the psychology behind every strategy.