Market Monitor 4 July 2023. Welcome everyone to today’s Market Monitor 4 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 1.22T USD, the daily volume is at 38.69B USD, BTC Dominance is at 49.6% and the Fear and Greed Index is at 61%.
Nothing significantly changed from yesterday’s report. Most of the coins are in a corrective movement while a few of them approaching important key levels. The top gainer of our watch list is Matic that running a long position with a 9.34% profit.
Long Set-Ups: BTC, ETH, FTM, VET, BNB, ATOM, MATIC, DOGE, XRP
Short Set-Ups: SOL
+1.75% for our running long position on BTC
And here is the +3.61% for our running long position on ETH.
BNB may create a retest back to the 50 SMMA line.
+2.88% for our running long position on XRP. Despite the pressure, the price succeed to break above the two SMMA lines.
+4.92% for our running long position on ATOM. The price faces some pressure from sellers after encountering the 200 SMMA line.
+9.34% for our long position on MATIC. However, you can secure your profits if you wish to.
There is a conflict between bullish and bearish signals as the price of DOGE moves sideways.
+4.49% for our long position on FTM. The price fluctuates on a previous resistance area so you can secure your profits.
+4.42% for our long position on VET. The price creates a bigger correction so you can secure your profits.
SOL is still in a bearish mode. Nevertheless, the 200 SMMA can act as a strong support area.
This concludes our Market Monitor Report for 4 July 2023.
Discover more about the TFLOW Trading Engine here.
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