the daily degen 🦍(27sep23)
handle.fi daily trooper update
todays markets
market news
📉dow sheds nearly 400 points in worst day since march as economic worries return.
⛓️crypto influencer ben ‘bitboy’ armstrong arrested after livestream rant.
⛔JPMorgan subsidiary chase UK to restrict crypto transactions.
✈️celestia, a project working on data availability, unveils airdrop and launch plans.
💰crypto lender blockFi gets court nod to repay customers.
crypto fear and greed index
trooperGlossary: hedging📚
hedging is a risk management strategy aimed at offsetting potential losses in a portfolio. it involves taking a position in an asset or derivative that is inversely correlated to one's existing positions. for instance, if a portfolio mainly consists of long positions in equities, a hedge could involve going short on an index or buying put options. the goal is not to make profits but to minimize the potential downside risk. by taking opposite positions, traders can reduce the financial impact of adverse price movements in their portfolio.
around the X-verse… (formerly the twitterverse)
scary times 😱…
hedge funds making moves 🏎️…
traders calling for lower 📉…
starting to feel it in the market 🔴…
trade ideas
trade: long EUR/ USD
as the EUR/USD currency pair continues its descent - since previously reaching a high of approximately ~1.128 in mid july - attention turns to the previous support level around ~1.052.
this support has previously demonstrated resilience, making it a possible area for bulls to step in and consider initiating a LONG position.
a target could be the previous resistance level at ~1.076 for taking profit.
#NFA #DYOR
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