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SOL : Liquidity Game 📈💡Solana (SOL) has been a hot topic lately, and for a good reason. It's been on a relentless upward trajectory following liquidity sweeps of key lows. What's more, I'm anticipating another liquidity sweep around the $17 level, which could ignite another round of growth. It's a reminder that liquidity is the fuel that powers price movements. 📈💡 Liquidity Sweeps Fuel Price Movements: Liquidity sweeps occur when market participants push the price briefly to clear out buy or sell orders clustered around a particular level. This process can often be a precursor to a price surge. Liquidity acts as the fuel that propels price action, and the crypto market is no exception. 🚀💰 Anticipating the Next Move: In the case of SOL, the anticipation of a liquidity sweep around $17 could be a pivotal moment. It might create the conditions for a further price increase as orders are cleared out. However, the crypto market is dynamic and unpredictable, so it's crucial to stay vigilant and adapt your strategy accordingly. 📊🔍 Trading Strategy: Patience and Caution: If you're considering a position, waiting for the liquidity sweep to occur and looking for confirmation in price action could be a prudent approach. Risk Management: Use risk management tools such as stop-loss orders to protect your investments. Fundamental Awareness: Stay informed about Solana's fundamentals and any news that could influence its price. Conclusion: The cryptocurrency market is a unique arena where liquidity plays a crucial role in shaping price movements. While liquidity sweeps are often seen as potential catalysts for growth, they are not foolproof guarantees. As a crypto trader or investor, it's essential to exercise caution, stay informed, and adapt to the ever-changing market conditions. Liquidity can be the fuel, but it's your strategy that steers the ship. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
3
Creditcoin (CTC) New Bittrex Add! (200% Target Mapped)Creditcoin (CTC) Overivew About Creditcoin Launched on 04/04/2019 by a team based in the US, Canada, South Korea, Nigeria, and Estonia, Creditcoin aims to address the lack of credit system among the unbanked in the emerging market. People who cannot access the banking system have to borrow from non-banks. However, credit records with non-banks are not accepted by the banks since they cannot trust the data. The project aims to solve the problem by recording credit transaction history objectively on a public blockchain. The concept of this project sounds pretty good... Here we have the chart for Creditcoin (CTCBTC) on Bittrex, a young chart. Right now we are looking at a potential "ascending triangle" and also increasing volume... Anything is possible here since we have no past history to look at. I've mapped the potential future paths by highlighting the strongest support and resistance levels. Even if prices drop we remain bullish long-term. Thanks a lot for reading. Namaste.
Long
by AlanSantana
2