#SUPER gave a break above of the resistance but daily ended being a rejection. Now, expected a clear move down till Strong Support Zone of $0.49 - $0.51. Shorts can be taken with the retest of the structural resistance.

#TOTAL MARKET CAP UPDATE :

Total MarketCap moved a anticipated, Index dipped down into the support zone and rejected it strongly, also, Made a quick flip above the structural resistance zone now. Currently, a retest happening and need to see it hodling above the zone then a min-term rally in the market. In case of Daily again closing below then a short correction will hit the market again.

Benefits vs Risk in LSD

Benefits of Liquid Staking Derivatives

The benefits of liquid staking derivatives are numerous. For one, they offer users greater flexibility and liquidity than traditional staking, allowing them to participate in other DeFi applications concurrently. Liquid staking derivatives also make staking more accessible to a wider range of users, as they eliminate the need for technical know-how and minimize the barriers to entry. Additionally, they can potentially increase the value of staked assets, as the derivatives themselves may have value on secondary markets.

Risks of Liquid Staking Derivatives

While liquid staking derivatives offer many advantages, they also come with their own set of risks. One of the most significant risks is the potential for smart contract bugs or security breaches, which could lead to the loss of staked assets or derivatives.
Additionally, there is the risk of impermanent loss when providing liquidity to such pools, as the value of the derivatives may fluctuate relative to the underlying assets. As with any DeFi investment, it's important to conduct due diligence and carefully consider the risks before investing in liquid staking derivatives.

Here's the Analysis of #FET :

FET is been moving between the Major Support Zone of $0.56 -$0.60 and Major Resistance Zone of $0.71 - $0.75. Well, price is moving in a very corrective manner and expected a bounce from here but Market structure on Daily and H4 TF moving bearish, so better wait for the buys.

#BTC goes with the 2nd scenario, tries to push from the structural level but dropped back to wards the major support zone. Now, price is anticipated to push higher and move back to up the structural resistance zone and major resistance zone too around $45,000.

#RLC made a break below of the support zone and the small uptrend channel too. Price gave a break and retest of the resistance and dropped a bit. Well, price is again up there for shorting, take it accordingly, with minor risk.

a heightened level of resilience can be noted across our current cycle, with corrections from the local high remaining relatively shallow. The largest drawdown thus far has been -20.1% set in August 2023.

This insight becomes increasingly pronounced when we count the proportion of days which traded at a deeper correction by comparison:

🟠 Genesis to 2011: 164-of-294 days (55.7%)

🔴 2011 to 2013: 352-of-741 days (47.5%)

🔵 2015 to 2017: 222-of-1066 days (20.8%)

🟢 2018 to 2021: 514-of-1056 days (48.7%)

What Is a Liquidity Bootstrapping Pool (LBP)?

Liquidity bootstrapping pools (LBPs) are also known as configurable rights pools or smart pools. A smart pool essentially is a contract that manages a core pool that contains tokens to be used on an exchange. Unlike other shared pools, smart pool controllers have the power to change the specifications of the pool in limited ways. Hence, a smart pool is less trustless than a shared pool but at the same time, does not require the entire trust of a private pool.

The main inspiration behind an LBP is the ability to launch tokens with low capital requirements. To achieve this, a two-token pool is set up with a project and a collateral token. The weights are then set in favor of the project token (at first). Over time, a gradual flip occurs where the collateral coin is favored by the end of the token sale. Controllers can calibrate the sale to keep the price relatively stable to maximize revenue or can decline the price to the desired minimum (e.g. the initial coin offering price).

Another unique configuration of LBPs is the ability to pause swapping whenever needed. A pool controller may want to do this for a variety of reasons such as strong, unexpected demand driving up the token price or people selling tokens back to the pool for profit instead of buying them. When there is no incentive for a whale to profit from a “rug pull” or a similar technique that leads to instant price volatility, this allows for more fluid price discovery for the token. Despite the power to disable swapping, it’s quite rare since the pool operator is incentivized to leave swapping fully enabled as the main goal of a token sale is to sell tokens.

To use a hypothetical scenario, say a new project wants to hold a token sale while at the same time, build deep liquidity. They can do this by enabling a custom weight/ratio and also the ability to set a fee charged by the pool. This is ideal for distributing new tokens since the LBP controller only needs to provide the new tokens and a small portion of a second asset (e.g. DAI) to start the pool and initiate distribution. Since the parameters are set in a way that releases tokens slowly with changing weights, whales are forced to split their trades into separate, small traders over a longer period of time. Thus, making it easier for everyone else to get in during the course of the sale.

In some cases, whales may decide to wait until the very end of an LBP to buy large positions which then causes the price to pump quickly. However, due to the restrictions of the LBP, a rug pull event is near impossible, hence protecting the value of the token after the pump as the token price initially increases but continues to trickle downwards over time. This process continues until all tokens are sold and the token is evenly distributed effectively.

LBPs are a great solution for those who want to get tokens into the hands of a user base without the limitations of a rapidly increasing price curve. LBP represents the future of fundraising for small projects struggling with liquidity. Unless people buy the tokens faster than the price decreases, then it’s an efficient way to ensure maximum distribution.

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Here's the Analysis of #JTO :

#JTO is been selling off from the major resistance zone of $2.78 - $83 and reach a strong flip level (Blue Zone) of $1.81 - $1.85. Wait for the daily candle to close before entering any setups. Shorts only after a H4 candle giving a break and close below. Price broke the trendline too, so a break below for shorting will high probable.

#BTC pushing as per the plan and kinda slow now, price now reached the Resistance Formed on Daily and will act as the obstacle for it. Therefore, price is still expected to reach the major resistance and continue the range. Monthly, closing already done and its constitutive bullish for 5 months now, so eyes on weekly closing now.

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#ZRX reached the perfect level which was anticipated (Major Support). Price tested and Major Level and now reacting for it. I hope you got into buys and trail Stops with moving price. Market structure is still bearish, so keep the lots small.

#MULTI is been formed a support after being rejected high from the resistance and kinda forming a triangle pattern. Now, eyes on Breakout as on the both side we have enough range of 25% - 30% move, so wait for the H4 strong closing to happen.

The significant redemptions taking place from the Grayscale GBTC product as a closed end trust fund, GBTC amassed an extraordinary 661.7K #BTC in early 2021, as traders sought to close the NAV premium arbitrage.

After many years of trading at a severe NAV discount (with a very high 2% fee), conversion to a spot ETF has triggered significant a re-balancing event. Around ~115.6k BTC have been redeemed from the GBTC ETF since conversion, creating significant market headwinds.

Here's the Analysis of #FET :

#FET is been flipped below the major support zone turned it into the major resistance now of $0.56 - $0.60. Currently, price already testing the zone and a rejection is expected and can be taken a good selling opportunity for sells. Take it after a rejection with medium risk only.

#BITCOIN DAILY TF UPDATE :

#BITCOIN gave a close below of the support area, cleared out the liquidity resting below it. Price made it way from the support zone of $38,000, and shifted the market structure to the bullish now. Price did made a pullback now and expected to print a new higher high. On H4 TF, is a mess now, ranging alot, so Daily closure will be important below $42,000 or $45,000 for the next directional move.

#MULTI gave a breakout of the triangle pattern but it the breakout was pretty slow. Price made a range and gave a strong break, which could be sign, also made a retest now. Now hopefully, this might go wit the momentum towards the resistance zone.