In This Issue
- My latest portfolio updates.
- Rebecca breaks down this week’s trending coins.
- Erik has a report for you on the Ethereum roadmap.
- David has an article about the developing metaverse.
- The team from Orca discusses their Autonomous AMM on Solana.
- Jesse has a deep dive for you on Sudoswap.
For any crypto related questions please comment on the website.
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Buy, trade, and hold 600+ cryptocurrencies on Binance
Lark’s Portfolio
This Week’s Moves
I added buy orders for ROSE at $0.075 (smaller) and $0.065 (bigger). I still think this one has great potential moving forward, but I am still looking to add more at a lower entry versus market buying now.
I added to my Bitcoin position. Small, steady, boring, consistent accumulation.
I pulled my AVAX bid at $25 for the time being. Orders still open at $17, $18, and $19.
SNX Trade Terminated
I exited my SNX position for a slight loss at $3.73 from my initial $3.90 entry.
The reason was quite simple. The uptrend broke. Remember I was in this one for a good time, not a long time.
Yes, I know I just adjusted my stop loss lower on this one, but I gave it some more thought and decided I am not loving the breaks on both the RSI uptrend and the price uptrend. Plus it was rejected three times at resistance on fading volume.
I like SNX and will keep an eye on this one for how the price action develops to possibly re-enter.
Perhaps the market will prove me wrong on this, it has a habit of doing that. BUT, I am playing cautiously during such market conditions. Capital preservation remains a top priority.
Prepare For Change
Our relief rally could be coming to an end, although I expect to see a little more bullish action before the Ethereum Merge.
I know the last few weeks of bullish market action can make us forget this reality, but we have a long way to go until we can really say this is a new bull market.
If you are trading these markets then remain fluid and be ready to switch your bias when you see things changing. Also remain open to opportunities. There are still lots of ways to be making money in the markets from gambling on dogechain tokens, to flipping dickbutt NFTs, to more serious endeavours like just providing liquidity into some nice farms or watching for nice trading set ups. You can even just keep it real simple and boring and just dollar cost average into some top coins for long term holds.
Regardless of how you are playing it, just be ready for things to change quickly and to react when it does.
Open BUY and SELL Orders (NOTE: You should never blindly follow my moves. I share these for educational purposes, not as signals for you to trade on)
BUY
- AVAX $17, $18, and $19
- ROSE $0.05, $0.065 and $0.075
SELL
- TVK $0.10 – This will be the final cut from my moon bag
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Top Trending Coins This Week By Rebecca
Here are my key takeaways from the treds this week, and with US inflation showing the first signs of having peaked, the meme coins are making a reappearance.
1 – Acala is the DeFi hub of Polkadot, that’s trending for all the wrong reasons. Acala has suffered a breach, with hackers printing…
