The Hawk Crypto π¦
ATOM / USDT
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#ATOM performing well compared to other Altcoin atm.I see a bearflag forming here, but at the same time $ATOM is holding above the resistance zone - 12.6 ( must hold to remain bullish).
#ATOM pumped recently due to Global investment manager, Vaneck, published an optimistic analysis of Cosmos and its potential in the coming years.
βββββββββββββββββ
Im Bullish on Cosmos Ecosystem, Not betting much on ATOM instead I will go with Ecosystem projects.
APE Analysis π
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$APE down more than 80% from ATH.
#APE is in continuous downtrend from the past few weeks and dropped 40% in total.
Next Token unlock in - 12 Days
32,343,750 $APE will be unlocked ($150M at current mp)
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Currently, APE is at buy zone according to FIB but $4.2 and $3.30 - 3 is preferred buy zone for short term trades..
HNT Analysis π
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#HNT down more than 90% from previous ATH currently trading at $4.87.
Helium fully diluted Marketcap is over $1B while having little to no revenue..
There are nearly 940k hotspot devices in over 70k cities but no one outside the network uses it
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$HNT is on free fall after the team announced to migrate to Solana Network. They could have migrated to another L1s instead of VC driven Project. But other chains are not as popular as Solana so it makes sense why they choose Solana.
Total Market Cap Crypto π
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We have more days to test and break resistance or else going straight down to given targets
BTC SHORT UPDATE
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For those who wants to play it save, Move SL to entry.
πβ‘οΈ SHORT BTC/USDTβ‘οΈ
βοΈβ¨SHORT:20650-21400
Target 1: 19900
Target 2: 19300
Target 3: 18700
Target 4: 18000
Target 5: 17700
βοΈ Stoploss: 22850
π Leverage: 5x - 10x
Celsius is a centralized crypto platform that offers yield to depositors & makes yield through loans they process & the capital they loan out.
They might be undergoing a liquidity crisis. Meaning that they might not have reserves for everyone to withdraw their deposits.
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So in short, they are selling thousands of $BTC and $ETH as they are facing Liquidity issues.
BTC / USDT
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#BTC trading in 28000-31000 range.
Read chart for TA details. Nothing new happened since several weeks.
Alts are at big risk here. Even market turn bullish, $BTC will run first followed by Alts.
Market might remain unstable until 14-16 June. I see some relief rally in July. Lets see how market reacts until then.
ETH SHORT UPDATE π
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Current running trade in premium
#ETH made us more than 60% on 10x leverage and 30% on 5x!!!
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