Cryptocurrency News
February 18 Highlights:
1. The U.S. stock exchange MEMX applies to list the 21Shares XRP spot ETF.
2. The U.S. Government Efficiency Department may conduct an audit investigation of the SEC.
3. Eligible Trump merchandise buyers can receive a TRUMP token airdrop.
4. Argentine President Milei shared a LIBRA token purchase tutorial on social media.
5. Kelsier Ventures plans to collaborate with Nigeria to launch a similar meme coin project.
Trading Insights
Since I started participating in cryptocurrency trading, I have accumulated some valuable experiences and lessons. Here are some of my insights:
- Research is Key:
- It is crucial to conduct thorough research before investing in any cryptocurrency. Not only should you understand the project's white paper, but also pay attention to the team's background, technical feasibility, market demand, and community support.
- Risk Management:
- The cryptocurrency market is highly volatile, so I have learned to only invest funds that I can afford to lose. Using stop-loss strategies and diversifying my portfolio to manage risk is essential.
- Stay Calm:
- Market sentiment often affects prices, but I find it very important to stay calm and avoid emotional trading. FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, and Doubt) are common mistakes made by beginners.
- Combine Technical and Fundamental Analysis:
- I use technical analysis to determine entry and exit points while also focusing on fundamental analysis to understand the long-term value of projects. Combining both can provide a more comprehensive trading perspective.
- Continuous Learning:
- The cryptocurrency market is constantly changing, with new technologies and projects emerging. Therefore, it is necessary to continuously learn about market dynamics, new trading strategies, and regulatory changes.
- Understand Market Cycles:
- The cryptocurrency market has its own cycles, including bull and bear markets. Recognizing these cycles and adjusting your investment strategy can reduce losses during market downturns.
- Community Participation:
- Being active in the cryptocurrency community can provide the latest information and insights. I have learned a lot of practical knowledge by participating in discussions and sharing experiences.
Overall, cryptocurrency trading is an investment that requires patience, knowledge, and strategy. My experience tells me that it is not only a contest of technology and strategy but also a cultivation of mindset. I hope these insights can provide some help for your cryptocurrency trading journey.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Da Bai community this week. Congratulations to those who followed along; if your trades are not going well, you can come and try it out.
The data is real, and each trade has a screenshot from when it was sent.
**Search for the public account: *Da Bai Lun Bi*
BTC
Analysis
Bitcoin's daily line fell from a high of around 97,000 to a low of around 95,150 yesterday, closing around 95,800. The support level is around 94,500; if it breaks, it could drop to around MA120. A pullback can be bought near this level. The resistance level is near the MA7 moving average; if it breaks, it could reach around MA90. A rebound to this area can be sold short. MACD is stabilizing. The four-hour upper resistance is near the MA60; a rebound to this area can be sold short. MACD bears are shrinking.
ETH
Analysis
Ethereum's daily line rose from a low of 2,635 to a high of around 2,850 yesterday, closing around 2,745. The support level is around 2,600; if it breaks, it could drop to around 2,550. The resistance level is around 2,750; if it breaks, it could reach around 2,850. A rebound to this area can be sold short. MACD bullish momentum is increasing. The four-hour upper resistance is near the MA7 moving average; if it breaks, it could reach around MA120. A rebound to this area can be sold short. MACD is stabilizing, with dual lines converging.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag. If you have any questions, feel free to consult.
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