the daily degen 🦍(28sep23)
handle.fi daily trooper update
todays markets
market news
🌋10-year treasury yield reaches level not seen in more than 15 years.
🕔SEC pushes deadlines for ARK 21Shares, VanEck spot ether ETF applications.
🤝curve founder michael egorov deposits $35M CRV to settle debt on aave.
💱binance fully exits russia with sale to a newly launched crypto exchange commEX.
🐧walmart introduces pudgy toys, from NFT project pudgy penguins, in 2,000 stores
crypto fear and greed index
trooperAcademy: bollinger bands squeeze📚
the bollinger bands squeeze strategy identifies low-volatility periods, signaling an impending breakout. it consists of a middle moving average band and two outer bands at standard deviations from the middle. a "squeeze" happens when these outer bands narrow, indicating the asset is likely to experience a significant price change soon. setting appropriate stop-loss orders is key for risk management. the strategy is versatile, applicable to different time frames and asset classes, making it useful for various trading styles.
for more info: bollinger bands 🦍
around the X-verse… (formerly the twitterverse)
what in the world 😕…
anything but the death cross!!☠️…
well there is a death cross😅…
trade ideas
trade: short USD/ CNY
USD/CNY has flirted with its 2022 peak at ~7.376 on two separate occasions—once in July and then again in September. both times, the currency pair couldn't muster enough momentum to sustain levels above this resistance. now, it could be setting up for another attempt.
a textbook head and shoulders formation could be on the horizon if the pair fails to maintain gains above this key level once more. Our chart's yellow line illustrates what this bearish setup might look like. if the price again falters at this resistance, a strategic SELL position on USD/CNY could become favorable. traders could look to execute a short as the pair breaches the 'neckline' (depicted by the blue line).
#NFA #DYOR
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