the daily degen 🦍(16oct23)
handle.fi daily trooper update
todays markets
market news
👍🏼stock futures rise slightly to kick off a busy earnings week after mixed session friday.
💳metamask taps stripe for fiat on-ramp servicing US users.
💹perpetual trading protocol GMX bags biggest chunk of $40M arbitrum grant.
📰SBF’s alleged chinese bribe, binance clarifies account freeze: asia express.
😊SEC won’t appeal loss in grayscale case, boosting the odds GBTC can become a bitcoin ETF.
crypto fear and greed index
🔊 market event to look out for (UTC times)
tuesday (17/10)
06:00 GBP - unemployment rate - forecast: 4.3%
12:30 USD - retail sales (MoM) - forecast: 0.3%
wednesday (18/10)
02:00 CNY - GDP (YoY) - forecast: 4.4%
06:00 GBP - CPI (MoM) - forecast: 0.4%
09:00 EUR - CPI (MoM) - forecast: 0.3%
thursday (19/10)
00:30 AUD - unemploment rate - forecast: 3.7%
friday (20/10)
06:00 GBP - retail sales (MoM) - forecast: -0.1%
around the X-verse… (formerly the twitterverse)
that’s not meant to happen 😕
nothing to see here 😑…
hopium? 🤔…
trade ideas
trade: long ETH/ USD
last week, ETH retraced to the lower boundary of its recenr trading range, stabilizing around the critical ~1,550 support level.
currently, it appears that the downward momentum has temporarily subsided, presenting an opportunity to consider initiating a LONG trade with a target around ~1,747, which is the upper range.
however, caution is advised. if eth struggles to maintain levels above ~1,747, this could be an indicator of a potential price breakdown. in such a scenario, it could be wise to have a plan in place to exit the trade around ~1,490 to minimize any potential losses.
#NFA #DYOR
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