Yash499
Open Trade
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I'm just a beginner and try to modify my thinking about crypto trading..
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good morning here is my new binanc account. Please follow me for good and latest news..
Good morning, everyone! ☀️
Here's a simple look at what's happening in the markets today:
Bitcoin & Ethereum
Bitcoin is currently around $105,355 USD. It's important to watch the $106,000 to $107,000 range as a key area.
Ethereum is around $2,553 USD, and people are keeping an eye on $2,500 to see if it holds as a support level.
Technically, some indicators suggest that these cryptocurrencies might be "oversold" soon, meaning their prices have dropped a lot, and they might go up. So, it's something to watch closely.
Gold & Silver
Gold is still going up, trading at about $3,451 USD per ounce. This upward trend is being influenced by global political tensions and central banks buying more gold.
Silver is around $36.4 USD per ounce and seems to be moving sideways, not going strongly up or down. Industrial demand is helping to support its price.
What to Watch For
If gold breaks above the $3,450 level, its upward movement could get even stronger.
For silver, if it drops below $36 USD, the risk of it falling further isn't very high, and it still has the potential to go up.
Your Trading Strategy
It's a good idea to keep your investments balanced. When you trade, use a strategy that fits your stop-loss (the point at which you'll sell to limit potential losses) and how much risk you're comfortable with.
Please remember, this is not financial advice.
Here's a simple look at what's happening in the markets today:
Bitcoin & Ethereum
Bitcoin is currently around $105,355 USD. It's important to watch the $106,000 to $107,000 range as a key area.
Ethereum is around $2,553 USD, and people are keeping an eye on $2,500 to see if it holds as a support level.
Technically, some indicators suggest that these cryptocurrencies might be "oversold" soon, meaning their prices have dropped a lot, and they might go up. So, it's something to watch closely.
Gold & Silver
Gold is still going up, trading at about $3,451 USD per ounce. This upward trend is being influenced by global political tensions and central banks buying more gold.
Silver is around $36.4 USD per ounce and seems to be moving sideways, not going strongly up or down. Industrial demand is helping to support its price.
What to Watch For
If gold breaks above the $3,450 level, its upward movement could get even stronger.
For silver, if it drops below $36 USD, the risk of it falling further isn't very high, and it still has the potential to go up.
Your Trading Strategy
It's a good idea to keep your investments balanced. When you trade, use a strategy that fits your stop-loss (the point at which you'll sell to limit potential losses) and how much risk you're comfortable with.
Please remember, this is not financial advice.
Emphasizing the Crossroads
$ETH : At a Critical Juncture – Bounce or Deeper Correction?
Ethereum $ETH recently tested the $2,879 resistance level, pulling back to $2,760 and currently showing a -1.8% drop over the last 24 hours. The 15-minute RSI, now at 17, is flashing clear oversold signals, suggesting a potential short-term bounce.
However, the 1-hour MACD has flipped bearish, indicating prevailing short-term selling pressure. Interestingly, volume spikes during this dip could point to "smart money" accumulating.
While the 4-hour trend is tenuously holding, momentum is clearly fading, and bulls appear to be on the back foot.
Key Levels to Watch:
* $2,754 Support: This is the immediate battleground. A strong hold could lead to a retest of the $2,800–$2,820 range.
* Breakdown Below $2,754: This would open the door for a slide towards $2,670.
* RSI Recovery: A move back above 30 on the RSI is needed for a more convincing bounce.
* MACD Bullish Cross: Look for a bullish cross on lower timeframes as a potential reversal sign.
Is this a healthy market reset or the start of a deeper correction? The charts will reveal the answer. Trade cautiously and prioritize capital protection.
What's your strategy for ETH at this critical point? Let us know below!
#CryptoMarketAlert #Ethereum✅ #Binance
$ETH : At a Critical Juncture – Bounce or Deeper Correction?
Ethereum $ETH recently tested the $2,879 resistance level, pulling back to $2,760 and currently showing a -1.8% drop over the last 24 hours. The 15-minute RSI, now at 17, is flashing clear oversold signals, suggesting a potential short-term bounce.
However, the 1-hour MACD has flipped bearish, indicating prevailing short-term selling pressure. Interestingly, volume spikes during this dip could point to "smart money" accumulating.
While the 4-hour trend is tenuously holding, momentum is clearly fading, and bulls appear to be on the back foot.
Key Levels to Watch:
* $2,754 Support: This is the immediate battleground. A strong hold could lead to a retest of the $2,800–$2,820 range.
* Breakdown Below $2,754: This would open the door for a slide towards $2,670.
* RSI Recovery: A move back above 30 on the RSI is needed for a more convincing bounce.
* MACD Bullish Cross: Look for a bullish cross on lower timeframes as a potential reversal sign.
Is this a healthy market reset or the start of a deeper correction? The charts will reveal the answer. Trade cautiously and prioritize capital protection.
What's your strategy for ETH at this critical point? Let us know below!
#CryptoMarketAlert #Ethereum✅ #Binance
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