SCALP TRADE SETUP:

#C98/USDT Long Call:

Enter: Market

Targets:
1) 0.2778
2) 0.2804
3) 0.283

Risk: Medium to High
Advised Leverage: 5X to 8X

SCALP TRADE SETUP:

#SXP/USDT Long Call:

Enter: Market

Targets:
1) 0.6207
2) 0.6266
3) 0.6322

Risk: Medium to High
Advised Leverage: 5X to 8X

Bitcoin also breaks the small trading range and the price is now heading toward the major resistance of the $32,000 level. Altcoins are pumping as expected. Keep booking profit from open positions.

#BTC rejected the bottom range of the major resistance zone and gave a breakout above it. There's a minor Daily candle close, so better wait for the today's Daily Closing too. Moreover, now $31,700 is the next potential resistance to reach out

#ETH didn't gave any retest from the resistance and did gave a massive breakout of the zone and reaching out the next resistance area. Well, we can see some pull-back now, because that jump is too aggressive. The next major resistance is at $2320 - $2405.

ETH broke the $2000 resistance level and now trading above it. This brings positive sentiment to the market. We saw a good pump on ETH and now expecting sideways movement before the next move. The support is $1950-$2000 area.

Despite #Bitcoin's almost 100% increase in price since then, 6% of the total #Bitcoin supply was last transacted at the $16K level. This suggests that those who purchased #Bitcoin at that level are hodling onto their investments and have no plans to sell in the near future, making them the buyers of last Obstacle.

C98 bounced from the support area. If you have opened a long position then increase your stop loss. We may see a test of the resistance area and this is the zone of profit booking.

Those Who Don't know about "#UTXO Realized Price Distribution"

Here's the one for You

Keep Learning and Keep Sharing Our Channel with the Related Once 📈🚀

What is #UTXO Realized Price Distribution ?

The #UTXO Realized Price Distribution is a chart that provides insight into the price at which each unit of a #cryptocurrency has been transacted since it was last moved on the blockchain. The chart #maps the number of units of the cryptocurrency that were transacted at different #price ranges.

The #UTXO Realized Price Distribution is based on the Unspent Transaction Output (#UTXO) model, which is used by many cryptocurrencies, including Bitcoin. In this model, each transaction #output is considered as an unspent output, which can be spent in future transactions.

The #UTXO Realized Price Distribution chart can help investors and analysts understand the behavior of cryptocurrency #hodlers and traders. For example, it can reveal whether investors are holding on to their cryptocurrency during #market downturns or selling it off, and at what prices. It can also help to identify #support and #resistance levels in the market.

#Bonk made a high of $0.00000096 which is around 102% high than our entry’s🔥

Here's the analysis of the #BNB :

#BNB broke out of the small channel pattern and tapped out the major resistance area of $333 - $337. Price nearly goes once and rejected again. Still the bullish market structure is maintained throughout the move. As of now, its a no trade zone, better you should wait for the breakout of the resistance

CAKE analysis:

CAKE is now at the support zone of $3.53-$3.57 and you can open a small long position here with a tight top loss/. We may see a move toward the resistance of the $3.78-$3.82 area.

Bitcoin is trading in the uptrend channel on the hourly chart. Price broke the falling wedge in an upward direction. We might see a continuation of the upward movement in the channel. The support is $29,600-$30,000 and the market remains bullish as long as the price holds above this support level.

#BTC did take a retest back to the zone as major support level. Expecting this area to hodl the price and sustain above $30,000. Weekly Candle, already going above the Weekly resis area, need a closing too 📈

SHIB analysis:

SHIB is trading in a symmetric pattern on a 4-hour chart. We are near the decision zone and will see a breakout very soon on either side. If the price breaks in an upward direction then we see a rally toward 1500 (zeros are not mentioned). If the price breaks the triangle in a downward direction then we see a move toward the 920-960 support zone.

Price did gave a break above the resistance area but ended up being rejected. Moreover, daily candle also rejected too and shifted the structure bearish. Expecting a short-term pullback and incase of candle flips above it then you can look for buys

Over the last few days, there has been a consistent movement of stable coins into #Bitcoin, which has been another driving force behind its rise above $30,000.

Educational Post

Fan Tokens

Fan tokens are digital assets that are created by sports teams, clubs or brands to increase fan engagement and create new revenue streams.

They are built on blockchain technology and allow holders to engage with the team, from buying priority tickets to voting on club decisions such as choosing a new kit, slogan, or jersey design.

Fan tokens are purchased with cryptocurrency, and the ownership of the token gives the fan benefits or privileges, such as access to exclusive content or merchandise, voting rights, or even the ability to earn rewards. Note that fan tokens are different from non-fungible-tokens (NFTs) in that they are fungible.

This means that any given fan token is equal in every way to any other token of the same type, just as one BTC is equal to another BTC.

#XRP played out the range pretty well and moved up towards the resistance area nearby $0.538.