High percentage play for $EXCHPERP on FTX.EXCHPERP is setting up a strong pattern for a potential breakout over the next week or so. We know SHITPERP has already had a massive run so I'm expecting money to flow into other safer opportunities. This setup has decreasing volume so it is prime for breaking to the upside. Riskier traders enter at the apex of the wedges whereas safer traders might be better suited to wait for a break to the upside, retest, and confirmation moving upwards.
EXCHPERP basket includes BNB, HT, OKB, LEO, and FTT.
EXCHPERP trade ideas
Crypto|EXCHPERP/USDT|Long and shortLong and short EXCHPERP/USDT
Activation of the transaction only when the blue zone is fixed/broken.
Testing support and resistance levels.
* Possible closing of a trade before reaching the take/stop zone.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Crypto|EXCHPERP/USDT|LongLong EXCHPERP/USDT - FTX
1. The beginning of the decline in the level of BTC dominance.
2. Weakening of BTC/USD growth dynamics near ATH.
3. General consolidation of altcoins after a downtrend (to BTC ).
4. Inflow and redistribution of new money in the market.
5. Increasing the number of market participants using centralized exchanges and exchange tokens.
6. General growth trend in the market.
Take levels 1. 1768,2; 2.2115,3.
Risk stop level is 1187,2, in case of breaking through the trend support of the triangle, a red zone is highlighted, which can act as a trade closing zone until the stop level is reached.
EXCHANGES' TOKENS - THE SURE BET & BEST OPTION RIGHT NOWHello, as predicted few days ago (see the linked idea below) in this moment of undecision the only "sector" that is well performing is the exchange tokens field. They usually grant staking benefits and allow you to have discounts on fees.
This growth is mainly due to the BNB token which is growing a lot because of the BELLA protocol "ico" they are running and is attracting much interest.
If you expect further drop in BTC or you do not want to be in USDT, this is a good index to park your liquidity without excessive risks.
The market reversed, but it this the end? Hi traders,
I woke up today seeing some of my position eaten through their profits and even in drawdown on some of my accounts, so I figured many would be naturally freaking out right now.
That's why I did a quick update for you folks, in short, I think we're still in the uptrend. If anything this was a natural test of lower levels that is showing signs of absorption. The evidence and different bull and bear cases are discussed during the video!
In the video, I analyzed BTC , ETH , ETH/BTC , DEFIPERP , MIDPERP , ALTPERP , and EXCHANGEPERP .
Nothin is scripted this is just my opinion as I'm exploring the market for my own trading ventures.
I will be posting updates both in video and articles throughout the week as this market progresses. Makes sure you follow the page to stay up top date with price action!
LONG - EXCHPERP - Trading OpportunityBEARDIV on the 4h chart another signal that this run might be over
Entry: 1417
TP 1: 1277
SL: 1277
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A "change" coming in exchange tokens? $BNB $FTT $HT $LEO $KCSI'm keeping my eye on the EXCHPERP index from FTX as it seems to be forming a falling wedge pattern. Also had some nice price action on the 23% fib. I will look to long the bottom area, or long the breakout which it seems to be flirting with right now. Potential targets are listed.