Market Monitor 10 July 2023. Welcome everyone to today’s Market Monitor 10 July 2023. Together we analyze a 10 Cryptocurrency Portfolio and trade live on the Binance Futures platform. We use the TFLOW Trading Engine on the 4H Chart. The Total Market Cap is at 1.17T USD, the daily volume is at 22.65B USD, BTC Dominance is at 50% and the Fear and Greed Index is at 57%.
We are opening the new week with a successful trade on VET with a profit of 7.35%. On top of that Eth, Doge and Sol are operating running positions with satisfying gains. You may secure your profits if you wish to.
Long Set-Ups: MATIC, SOL
Short Set-Ups: BTC, ETH, BNB, FTM, DOGE, XRP, VET, ATOM
The conflict between bullish and bearish signals keeps continuing while the Trading Engine operates a short position opening.
Eth is in a short mode with a running position of 5.65% profit.
BNB fluctuates close to the bottom with a short position opening. However, a price increase is very likely to happen.
Similar to BNB, the price of XRP fluctuates close to the previous support zones and a rebound is very likely to happen.
We observe that ATOM price has rejected the 50 SMMA line while Trading Engine operates a short position. We may see a further decrease within the next hours or days.
We are currently in a long mode for MATIC and if the price succeeds to stay above the 50 SMMA line the price could reach previous resistance areas.
DOGE is still in running a short position with a 4.8% gain.
Finally, FTM is in a short mode with a running position of 4.47% profit.
VET is running a short position with a gain of 2.8%. Furthermore, we may see an extended decrease in the price according to the VPVR.
SOL is running a long position with a gain of 8.53%. You can secure your profits if you wish to.
This concludes our Market Monitor Report for 10 July 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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