After breaking out of symmetrical triangle at $0.065, $ZORA rose significantly to current level at $0.08 with over 33% gains!
However on 15MN TF a bearish Marabuzo candle with a lower high now forming indicates strong selling pressure & rejection from climbing up higher.
Currently price is struggling to breach MA(9) at 0.08, if it's broken, we could expect a sharp drop to lower levels towards our TPs. This point of entry will be the confirmation for short setup. Manage & know your risks before investing.
fake Coin only Collect Money high funding fee charges
Mathewkrypto
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The New Brasa on Binance Has Arrived: It's Spark (SPK)! 🔥
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$SPK The funding fee is deeply negative, indicating an overwhelming number of short positions. My algorithm ignored this coin for that very reason. I decided to short it manually based on strong price action — but got hit with a $200 funding fee. After noticing that, I re-entered the trade with a strategy to exit just before the next funding cycle.