Inverted head and shoulders model on the indicator Double bottom model on the daily chart Buy entry 8.60 The targets are illustrated in the image Stop loss 8.46
HODL is a strategy based on a complete conviction to hold digital assets for the long term, ignoring short-term market fluctuations. This strategy aims to achieve significant profits through patience and confidence in selected assets. The text highlights the importance of carefully selecting assets and regularly monitoring the market and projects to successfully support this strategy. In short, HODL means "Hold On for Dear Life" and do not sell your assets, regardless of market volatility.
Comparison between Spot Trading and Futures Trading Spot trading and futures trading are two common ways to participate in cryptocurrency markets, but they differ fundamentally. Spot trading means buying or selling the actual digital asset directly, with the aim of owning it. On the other hand, futures trading involves buying and selling contracts that represent the value of the asset, without the need to own the asset itself. Spot trading is simpler and less risky, as there is no leverage. While futures contracts offer the opportunity to achieve greater profits using leverage, they carry much higher risks due to the possibility of liquidation. Choosing the most suitable strategy depends on your risk tolerance and investment goals.
It seems that Elon Musk, the controversial figure, is planning to launch "Musk America Party" (MuskAmericaParty#), raising questions about his potential impact on the political and economic landscape in America, and possibly on the future of cryptocurrencies. Some believe that having a figure like Musk in the political scene could accelerate the adoption of modern technologies, while others question his influence on cryptocurrency markets. Some see Musk as a controversial figure in the tech world but potentially having a significant impact in the political realm. "Musk America Party" is a topic that combines innovation and ambition.
Technical Analysis for the TRUMP/TetherUS (TRUMPU) Pair: An Overview of Trends and Key Levels The technical outlook on the four-hour chart for the TRUMP/TetherUS (TRUMPU) pair from the Binance platform presents a clear picture of recent price movements and key levels to watch. The analysis highlights a prevailing bearish trend and critical support and resistance levels that could impact future price movements. Overall Trend: It is clear that the pair has been trading within a bearish trend since around mid-June. This trend can be observed through the yellow trendline drawn on successive peaks, indicating ongoing selling pressure driving the price down. Resistance Levels: * The descending trendline (yellow): This line is currently acting as dynamic resistance. Any attempt by the price to rise will likely encounter resistance at this line. A strong breakout above this line would be an initial signal for a potential change in trend. * The horizontal green level at around 9.79 USDT: This level acted as a support level previously and then turned into resistance after being broken. A return above this level would be a positive signal. * The psychological level at 10.00 USDT and the horizontal red level at around 10.19 USDT: These levels have been previous peaks and now form strong resistance, as they were critical rebound areas to the downside. Support Levels: * The horizontal support area (pink/purple) between 8.00 USDT and 8.58 USDT: