Calling all Memecoin traders! 💰

⚡️ The rising popularity of Memecoins has created the perfect momentum for Meme enthusiasts and traders.

🚀 On Prebit, trade top Memecoins like $DOGE, $SHIB, $NOT, and $DOGS in the perpetual market with up to 1001x leverage.

➡️ Trade Dogecoin Now

🔍 Smart Trading Tips; Chapter 1: _Trend Line_

📈 What Are Trend Lines?
Trend lines connect significant highs or lows to identify market direction and evaluate price movement.

➡️ Why Are They Important?
They reveal trends (up, down, sideways) and act as dynamic support and resistance levels, aiding trade analysis.

↪️ How to Use Them?
🤍 Enter long positions near the support trend line in an uptrend
🤍 Sell or short near the resistance trend line in a downtrend
🤍 Monitor breakouts to identify potential reversals or trend continuations

Daily Top 5 Gainers 🔥 #Prebit

$FTT 🔼 +10.94%
$THETHA 🔼 +6.71%
$VIRTUAL 🔼 +5.90%
$KCS 🔼 +5.05%
$HNT 🔼 +4.05%

Which of these gainers is your pick for the next big move? 🪙

📣 Crypto Highlights; What Happened In Crypto in the Last 24h

▶️ Saylor Hints at More $BTC: Michael Saylor suggests MicroStrategy plans another Bitcoin purchase after acquiring 5,200 BTC.

▶️ Memecoins Lose $40B: Memecoin market cap fell from $137B to $92B in December amid high volatility.

▶️ Hong Kong Eyes Bitcoin: A lawmaker proposes adding Bitcoin to the city’s fiscal reserves for financial security.

▶️ $AI16Z Hits $1.5B: $AI16Z reached a $1.5B market cap with updated tokenomics coming in January 2025.

▶️ $AIXBT Surges to $400M: $AIXBT hit $400M market cap, gaining 3.5% in mindshare and new followers.

▶️ Quantum Cats Rally: AIXBT’s switch to Quantum Cats NFTs boosted their floor price to a new ATH.

▶️ $ZEREBRO Launchpad Announced: Zentients xyz, a platform for AI agents tied to $ZEREBRO, launches in early 2025.

▶️ Animecoin Update: Azuki’s founder teases an Animecoin announcement, with no launch planned for 2024.

🎉 Happy New Year, Prebit Community!

🎄2024 was an incredible year of achievements for Prebit, all thanks to our amazing community!

We hit major milestones, including surpassing 100K total users, reaching $200M in daily trading volume, and becoming one of the top 3 gas spenders on the BNB Chain.

As the Fastest Perp DEX on BNB Chain, these accomplishments are just the beginning. Here’s to an even bigger 2025 ahead! 🚀

Top Trending Coins on Prebit by Trading Volume (Last 24h) ⚡️

1️⃣ $BTC | 🔻 -1.1%
2️⃣ $ETH | 🔻 -2.2%
3️⃣ $SOL | 🔻 -3.1%

Which coin are you trading next❔

🔍 Smart Trading Tips: Support and Resistance; Trading Channels

📈 What Are Support and Resistance Channels?
Trading channels are parallel lines drawn to connect consistent highs (resistance) and lows (support) within a price trend. These channels provide a clear visual representation of market boundaries during an uptrend, downtrend, or sideways movement.

➡️ Why Are They Important?
🤍 Identify critical price zones for entry and exit points.

🤍 Spot potential reversals or breakouts when prices move beyond the channel.

🤍 Gauge the strength and direction of the trend by observing how prices interact with the channel boundaries.

➡️ How to Trade Using Channels?
🤍 Buy at Support: Enter long positions near the lower boundary (support) in an uptrend channel.

🤍 Sell at Resistance: Short or sell near the upper boundary (resistance) in a downtrend channel.

🤍 Breakout Opportunities: Watch for price breakouts above resistance or below support to capture trend reversals or continuation signals.

🤍 Combine with Indicators: Use tools like RSI or MACD for confirmation before making trades.

☑️ Why Choose Prebit for Trading?

⚪️ 1001x Trading Power for all pairs

⚪️ Unbeatable Fees: No funding, liquidation, or closing fees—just maker & taker fees.

⚪️ Fast Onboarding & Seamless Execution: 1-click trades in just 5ms. , Sign up in 3 seconds, start trading instantly.

⚪️ Freedom of Choice: Trade directly on Web3 with full self-custody or opt for gasless mode with zero network fees.

Prebit—Simplicity/Seamless Trading

Daily Market Review - 1/5/2024 (24h)

💰 BTC Dominance: 55.7%
- BTC/ALT Index: 50 (Not Altseason yet; needs >75)

➡️ Market Sentiment: Fear & Greed Index at 61 (Greed)
- Market Trend: 23% Bullish, 77% Bearish

🔻 Liquidations(Rekt) :$131.98m in 24h, largest single order: $1.56M LINKUSDT

💰 Bitcoin jumped back above $100K in about two weeks and is currently trading at $102K! Key support at $95,800, resistance at $105K-$108K.

➡️ MicroStrategy adds 1,070 BTC ($101M) at $94K average.

Did you know? The first Bitcoin transaction ever made was for two pizzas, costing 10,000 BTC!!

- Now worth over $1 billion! 🍕

🔍 Smart Trading Tips: Symmetrical Triangles

📈 What is a Symmetrical Triangle?
A pattern of converging trendlines formed by lower highs and higher lows, signaling market indecision before a breakout.

➡️ Why Is It Important?
- Indicates a potential breakout.
- Helps traders anticipate price direction.

⤵️ How to Trade Using Symmetrical Triangle?
1️⃣ Identify the triangle with converging highs and lows.
2️⃣ Enter after a confirmed breakout.
3️⃣ Use the triangle’s height to estimate your price target.
4️⃣ Place a stop-loss outside the opposite trendline.

Pro Tip: Watch for high-volume breakouts for stronger confirmation!

📣 Crypto Highlights; What Happened In Crypto in the Last 24h

🔸 $BTC Drops: Bitcoin fell to $91K and recovered to $94K, suggesting continued bearish sentiment.

🔸 Meme Coins Drop: Dogecoin and other meme coins fell sharply, with some losing more than 15%.

🔸 Bitcoin ETF Inflows: Despite Bitcoin's 5% price drop, ETFs received $1.1 billion inflows, with Fidelity surpassing BlackRock.

🔸 $USD0 Depegged: Usual Company's stablecoin, $USD0, was depegged to $0.955, raising questions about its stability.

🔸 US Bitcoin Holdings Increase: U.S. entities now own 65% more Bitcoin than overseas entities, concentrating holdings within the country.

🔸 Ripple and Chainlink collaborate to launch RLUSD: a dollar-pegged stablecoin on Ethereum and XRP Ledger with Chainlink price feeds

Notcoin ($NOT) Surges Over 10%! In 24h 📈

💎 $NOT is among the most trending pairs on Prebit, surging over 10% in the past 24 hours.

👉 As one of the top meme coins, you can trade it now with up to 1001x leverage!

Daily Market Review - 1/12/2024 (24h)

💰 BTC Dominance: 56.7%
- BTC/ALT Index: 45 (Not Altseason yet; needs >75)

➡️ Market Sentiment: Fear & Greed Index at 48 (Neutral)
- Market Trend: 69% Bullish, 31% Bearish

🔻 Liquidations(Rekt) : $115.72M in 24h, largest single order:$1.63M ETH-USDT

Crypto Dictionary; Tokenomics, Ownership, and Asset Tokenization 🌀

💰 Attention FTM Traders: $FTM/USDT Delisted

🔹 The $FTM/USDT pair has been delisted from the Perpetual markets. All open $FTM positions will remain active until January 14th, 8 PM (UTC), after which the system will automatically close them.

- Please ensure you conclude your trades on $FTM before the deadline to avoid system-initiated closures.

🔍 Smart Trading Tips: Ascending Triangle

📈 What is an Ascending Triangle?
A bullish continuation pattern with higher lows and horizontal resistance.

➡️ Why Is It Important?
Signals increasing buying pressure, often leading to a breakout above resistance.

⤵️ How to Trade Using Ascending Triangle?

1️⃣ Identify horizontal resistance and higher lows.
2️⃣ Wait for a breakout with increased volume.
3️⃣ Enter long after breakout, set stop-loss below recent low.
4️⃣ Target profit by projecting the triangle's height upwards.

Pro Tip: Confirm breakout with a volume spike.

Daily Top 5 Gainers 🔥 #Prebit

$VIRTUAL 🔼 +22.68%
$ALGO 🔼 +14.65%
$XDC 🔼 +13.98%
$AI16Z 🔼 +13.91%
$S 🔼 +12.26%

Which coins are on your radar? 🪙

🌀 Crypto Dictionary; Whale, Large Holders 🐳