🔍 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 🐳

💰 $SOL; New ATH & 18% Surge!

Driven by market demand for the newly launched memecoin, {Official Trump}, and anticipation of ETF approval.

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📣 New Perp Markets Listed on Prebit

🔸 We are excited to announce that 7 new perpetual trading pairs; $BAND, $AAVE, $TON, $XLM, $APT, $ICP, and $ETC — are now listed on Prebit.

🔸 These pairs are available for trading with up to 1001x leverage and can be traded in gasless mode

Daily Market Review - 1/20/2025 (24h)

💰 BTC Dominance: 57.9%
- BTC/ALT Index: 40 (Not Altseason yet; needs >75)

➡️ Market Sentiment: Fear & Greed Index at 58 (Neutral)
- Market Trend: 44% Bullish, 56% Bearish

🔻 Liquidations(Rekt) : $1.02B in 24h, largest single order:$15.24M BTC-USDT

🚩 New Listing Alert

The BAND (BAND/USDT) Perpetual Market is now live on Prebit!

• Pair: BANDUSDT
• Leverage: Up to 1001x

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🚩 New Listing Alert

The Aave (AAVE/USDT) Perpetual Market is now live on Prebit!

• Pair: AAVEUSDT
• Leverage: Up to 1001x

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🚩 New Listing Alert

The Ton (TON/USDT) Perpetual Market is now live on Prebit!

• Pair: TONUSDT
• Leverage: Up to 1001x

➡️ Start trading $TON now

🚩 New Listing Alert

The XLM (XLM/USDT) Perpetual Market is now live on Prebit!

• Pair: XLMUSDT
• Leverage: Up to 1001x

➡️ Start trading $XLM now

🚩 New Listing Alert

The APT (APT/USDT) Perpetual Market is now live on Prebit!

• Pair: APTUSDT
• Leverage: Up to 1001x

➡️ Start trading $APT now

🚩 New Listing Alert

The ETC (ETC/USDT) Perpetual Market is now live on Prebit!

• Pair: ETCUSDT
• Leverage: Up to 1001x

➡️ Start trading $ETC now

🚩 New Listing Alert

The ICP (ICP/USDT) Perpetual Market is now live on Prebit!

• Pair: ICPUSDT
• Leverage: Up to 1001x

➡️ Start trading $ICP now

🔍 Smart Trading Tips: Descending Triangle

📉 What is a Descending Triangle?
A bearish pattern with lower highs and horizontal support, signaling increasing selling pressure.

➡️ Why Is It Important?
Indicates a potential breakdown below support for bearish continuation.

⤵️ How to Trade With It?
1️⃣ Identify lower highs and horizontal support.
2️⃣ Wait for a breakdown with volume confirmation.
3️⃣ Enter short after breakdown, set stop-loss above recent high.
4️⃣ Target profit by projecting the triangle's height downwards.

💡 Pro Tip: Confirm breakdowns with a volume spike to reduce false signals!