the daily degen 🦍(29sep23)
the daily degen 🦍(29sep23)
handle.fi daily trooper update
todays markets
market news
😥S&P 500 rises slightly on thursday, but is still on pace for its worst month of the year.
🛑paysafe pulls the plug on binance’s euro on-ramp, ceasing to process EUR deposits for its users.
🪪buenos aires government will begin rolling out a blockchain-based digital identity protocol.
🟢valkyrie gets approval to start buying ETH futures for its existing bitcoin ETF.
🤚🏼SEC delays blackRock, valkyrie spot bitcoin ETFs decision.
crypto fear and greed index
trooperGlossary: liquidity📚
liquidity refers to the ability of an asset to be quickly bought or sold without causing significant impact on its price. in a liquid market, orders can be executed rapidly, and the bid-ask spread is generally narrow. high liquidity is often a sign of a healthy, well-functioning market and is particularly important for traders who need to enter or exit positions swiftly. conversely, low liquidity can lead to slower trade execution and wider bid-ask spreads, increasing the costs of trading. understanding liquidity is crucial for assessing the quality of a trading environment and for implementing effective trading strategies.
around the X-verse… (formerly the twitterverse)
who’s got the game plan?🧾…
this won’t help 🙃…
maybe it will 😁😁…
trade ideas
trade: short ETH/ USD
ether has recently experienced a surge, bucking its recent low-volatility trend to peak momentarily at a resistance level of approximately ~1,670.
notably, this marks the third instance of Ether approaching this resistance, with the last unsuccessful breakout attempt recorded on september 18th. given the recurring range-bound price action, there may be a case to initiate a SHORT position, possibly targeting a decline toward the support level at approximately ~1,565. this setup offers an attractive risk-reward profile for traders who are cautious of Ether's ability to sustain its current momentum
#NFA #DYOR
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