Two things happened this week that changed how I'm thinking.
The first is that BTC has been hovering around $59154, which is a crucial support level, and if it breaks below $57800, I'd be looking to short it with a stop-loss at $59712.
If BTC breaks below $57800, I'd also be looking at XRP, which needs to reclaim $1.10 to turn its chart around, and if it does, I'd be looking to buy with a stop-loss at $1.0220 and take-profit at $1.0544.
On the other hand, if SOL continues its upward trend and breaks above $75.87, I'd be looking to buy with a stop-loss at $71.90 and take-profit at $80, as it has been one of the strongest performers this week, up 1.33% with a volume of $221M.
I think the latter scenario is more likely, given the overall bullish sentiment in the market, with ADA up 4.48% and SOL up 1.33%, and the fact that the crypto wallet is doubling down on perpetual futures.
So, I'm cautiously bullish, and I'd advise keeping an eye on $59154 and $1.10 levels, as they could be key triggers for the next move.
#cryptomarket #binance #trading #bitcoin #solana 🚀💰
The first is that BTC has been hovering around $59154, which is a crucial support level, and if it breaks below $57800, I'd be looking to short it with a stop-loss at $59712.
If BTC breaks below $57800, I'd also be looking at XRP, which needs to reclaim $1.10 to turn its chart around, and if it does, I'd be looking to buy with a stop-loss at $1.0220 and take-profit at $1.0544.
On the other hand, if SOL continues its upward trend and breaks above $75.87, I'd be looking to buy with a stop-loss at $71.90 and take-profit at $80, as it has been one of the strongest performers this week, up 1.33% with a volume of $221M.
I think the latter scenario is more likely, given the overall bullish sentiment in the market, with ADA up 4.48% and SOL up 1.33%, and the fact that the crypto wallet is doubling down on perpetual futures.
So, I'm cautiously bullish, and I'd advise keeping an eye on $59154 and $1.10 levels, as they could be key triggers for the next move.
#cryptomarket #binance #trading #bitcoin #solana 🚀💰