My Trading Explained! Frax Share (FXS) | Let's Try Again!The chart we shared for Frax Share (FXSBTC) went bust... Ouch!
But this is no big deal, this is normal...
Some we win, some we lose... Wait, it is a bit more complex than that.
We need to use a stop-loss and also have a well-developed plan before trading.
(To increase potential wins and reduce potential loss)
If one of our trades fails, we lose 10%, 20%, or maybe even up to 30% but, when our trades do good we go for 50%, 100%, 300%, and even 400/500%+ on some trades.
(This takes time, some trades can take up to 6-8 months to fully develop, patience is key)
RISK/REWARD.
We go for low risk with high potential reward.
Now, FXSBTC went down and closed below support. This is negative but can also be a plus.
Yesterday, we had a reversal candle show up.
Today, prices are starting to grow strong.
With high volume and the RSI curving up, this can turn into a strong move and we see FXSBTC reverse from bearish (down) to bullish (up).
Even with the information you just read above, make sure to do your own research before trading, study, take your time, diversify... Just as we can win, there can also be loss.
This is not financial advice.
Thanks a lot for your support.
Namaste.
FXSBTC trade ideas
FXS/BTC bullish TA Update and 300% potential form here#FXS/BTC TA Update :-
#FXS currently trading at 1285 Satoshi
And also trading above strong support level.
So I am buying here some #FXS
Entry:- 1250-1290 Satoshi
Targets:- 1761/2635/3263/ Moon Sat
Stop loss:- if any 6/8 hours candle close below 1200 Satoshi then Strictly close your position.
Support:- 1250 satoshi
Resistance:- 1761/2635/3263 Satoshi
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Thank you.
FXS sound good.Targets:
Entry : 1300-1350 Satoshis.
T1: 0.0001500
T2: 0.0001800
T3: 0.0001950
T4: 0.0002200
T5: 0.0002500
T6: 0.0003000
Stop: Close daily candle below 0.0001150.
Analysis:
Exchange FXSBTC 1d Binance
Price:0.00013640|0.00014320|0.00013900
Vol: 58,852| 258,890| 130,550
ATR: 0.00002216
✅OBV: -1.8 M| -1.8 M| -2.0 M
⚪️RSI: 39.40| 41.74| 39.68
⚪️MFI: 41.90| 48.63| 44.90
⚪️CCI: -96.27| -75.73| -118.88
❌WR%: -88.26| -66.55| -81.34
❌ADX: 9.14| 9.51| 9.98
❌MOM: Bearish Momentum
❌SMA: Price Below SMA Bearish
❌ADI: -DI > +DI Bearish
❌MACD: Bearish
❌PSAR: Bearish
Support And Resistance
R: 0.00013640
R: 0.00014320
R: 0.00014880
R: 0.00015440
R: 0.00016260
Volatility is moderately low
EXPERIMENTAL 🧪
🐂RSI: Bullish divergence
🐂MFI: Bullish divergence
🐂FVE: Bullish divergence
🐂Volume: Bullish Volume Trend
FXSBTC long Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck
Frax Share (FXS) Overview + ChartWhat Is the Frax Protocol (FRAX)?
The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts:
Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.
Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management.
Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.
Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value.
Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category.
Source: Coinmarketcap.com
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This one is looking good now and hasn't move compared to other altcoins.
We can see prices moving just now above EMA10 and some higher lows since February.
There is room for higher prices.
See the chart.
This is not financial advice.
Namaste.
Frax Share (FXS) formed bullish BAT for upto 64% bullish rallyHey dear friends, hope you are well and welcome to the new update on Frax Share (FXS) token.
On 12-hour price action of FXS token has completed th
This trade has godd profit possibility of 64% and the loss possibility is 9%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
FXSBTC - Long - Potential 13.42%FXSBTC - Long - Potential 13.42%
Exchanges: Binance
Signal Type: Regular (Long)
Entry Zone:
0.0001832 - 0.0001881
Take-Profit Targets:
1) 0.0001977
2) 0.0002125
Stop Targets:
1) 0.0001735
Trailing Configuration:
Entry: Percentage (0.0%)
FXS BTCPotential ascending triangle in play, break below trendline would invalid pattern
Watch for break of bearish divergence on the 4 hour
