Market Monitor 3 July 2023. Welcome everyone to today’s Market Monitor 3 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 1.21T USD, the daily volume is at 30.43B USD, BTC Dominance is at 49.4% and the Fear and Greed Index is at 62%.
Happy new month everyone. We observe that the opening of the week is quite bullish for the most of the coins of our watch list. We have profitable running long positions on Eth, Atom, Matic, FTM and VET while we closed another successful trade on Doge with a +2.59% profit.
Long Set-Ups: BTC, ETH, FTM, VET, BNB, ATOM, MATIC, DOGE, XRP
Short Set-Ups: SOL, DOGE
BTC is in a long mode according to the Trading Engine.
And here is the breakout. Eth has a running long position with a +3.19% gain.
BNB tries to reach higher areas after the breakout of the 50 SMMA line.
XRP faces pressure at the current area as it encountered the two SMMA lines.
ATOM tries to encounter the 200 SMMA line with a +4.32% for its running long position.
+5.62% for our running long position on Matic. We may see some bearish pressure on the 50 SMMA line.
+2.59 for our previous long position on Doge. However, we are in a short mode for the moment.
We are in a long mode with a +3.83% running position. Similar to Matic, sellers may make their movement at the current area.
+6.32% for our running long position for VET. Despite the conflict between buyers and sellers the price managed to reach higher levels.
SOL may face some bearish pressure according to the Trading Engine.
This concludes our Market Monitor Report for 3 July 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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