Market Monitor 11 July 2023. Welcome everyone to today’s Market Monitor 11 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 1.19T USD, the daily volume is at 32.62B USD, BTC Dominance is at 49.9% and the Fear and Greed Index is at 56%.
We closed another two successful trades on Eth and Doge. In the meanwhile, SOL operates a running-long position with 16.43% gains. However, you may secure your profits if you wish to.
Long Set-Ups: ETH, BNB, XRP, MATIC, FTM, SOL
Short Set-Ups: BTC, DOGE, ATOM, VET
BTC/USDT 4H
We are in a short mode for BTC after encountering the previous resistance area.
ETH/USDT 5H
+3.43% for our previous successful short position. We are currently in a long mode for ETH.
BNB/USDT 4H
And here it is. Finally, the BNB price rebounds from the previous support zone.
XRP/USDT 4H
Similar to BNB we see that the price of XRP creates an upside movement. Apparently, the price already reached resistance zones.
ATOM/USDT 4H
Despite the sideways movement, we observe that ATOM keeps fluctuating below the 50 SMMA line with a short position opening.
MATIC/USDT 4H
Eventually, the price of MATIC rebounds from the 50 SMMA line and tries to encounter the 200 SMMA line.
DOGE/USDT 4H
+2.86% for our previous short position on DOGE. Now the price operates a long position opening.
FTM/USDT 3H
The price of FTM fluctuates sideways within a strong trading range.
VET/USDT 4H
VET continues being in a short mode. Furthermore, we may see an extended decrease in the price .
SOL/USDT 4H
SOL operates a running-long position with current gains of 16.43%. You can secure your position or take the maximum profit right now if you wish to.
This concludes our Market Monitor Report for 11 July 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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