LSSUSDT trade ideas
Lossless (LSS)** Very small market cap ** manage risk accordingly **
On the above 3-day chart price action has corrected 97% since April 2022 (not shown). Now is a good opportunity to go long. Why?
1) A strong buy signal prints. (not shown).
2) Price action resistance breakout (USD and BTC pairs).
3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over an 80 day period.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=1-2% of portfolio - Very small market cap
Timeframe: Now, donโt hang around.
Return: 10-15x
Lossless short The besz and easiest short selling everTechnically short
fundamentally short
Speed of product launch is of paramount importance in crypto and yet it has a downside โ smart contract bugs. The code is not always properly audited and tested before deployment. There is so much innovation taking place that some bugs are novel and might be missed.
The pace is something that is critical for the industry and mainstream adoption. However, we do need an environment that is safe for users to be in.
In the first quarter of 2022, crypto hackers stole a total of $1.22 billion in funds. Itโs 8 times more than the first quarter one year ago, while the total market cap of crypto has gone up about 2 times.
Stopping hacks altogether is a challenge. The pace of innovation in crypto is incredible โ thereโs always a risk of a bug, something being skipped in the code.
The key is not to become risk-averse โ you must test everything thoroughly and have plenty of audits. If a hack still happens, the focus should be to prevent it from following through. That is what Lossless is all about.
When a hack takes place on a token with Lossless Protocol implementation, the fraudulent transaction is frozen. This is done by a white hat-hacker community and their built bots. The latter are scouting continuously for potential malicious activity.
These bots incorporate algorithms that recognize fraudulent transactions and freeze them. The owner of the bot needs to commit Lossless tokens to generate a hack report. After it becomes public, Lossless community members, believing it is indeed a hack, can also stake tokens on top of the report to earn their share of rewards.
A hack is verified by a Decision-Making Body, composed of the tokenโs owner, Lossless team and a Security Committee with industry professionals on board. If a hack is validated, the bot owner and community members that contributed get rewarded and the stolen funds are reverted.
Lossless is about to launch its protocol on Ethereumโs mainnet on the 14th of April. This will be a big milestone for the projectโs team and for the crypto industry. It will give the opportunity to spot hacks among cryptocurrencies with integrated Lossless security measures and stop loss of funds.
All functionality covered in this article will be available for the Ethereum, Polygon, Binance Smart Chain, Harmony, Avalanche and Fantom blockchains.
Lossless believes that security is the next big step the industry needs to take to onboard more users into DeFi. Lossless Protocolโs vision is a trusted and safe DeFi ecosystem with minimal to no losses from hacks, exploits, or social engineering.
LSS on its way to a bullish move?Good Morning Traders!
I would like us to look at LSS (LossLess)
This is a project I hold very dear to my heart as I truly believe in this project's goal towards hack-mitigation protocols.
We see LSS break out of its descending trend, forming bullish market structure (HH, LH) and consolidating over our Daily Level of 0.23929
within a symmetrical triangle formation.
What would I like to see?
I would like to see a a break to the down-side, with a SFP. Test our Daily level before continuing our way to the upside. :)
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LSS is going to pump hard like blok every thing in on the chart. the price is breaking the down trend from the last year. there are two paths that I think the price will make . the target are the colored HL on chart.
stop loss if daily close lower then the red line.
will need time to reach all targets.
good luck . and happy trading .
40x for one of the most undervalued CryptosI consider this project to be one of the most undervalued at the moment in the crypto space. My forecast here is subject to the overall market moving towards a bullish momentum and the project achieving certain milestones (Core Protocol Launch, Major new Partnerships, Exchange listings ...etc).
This trend will go on phases and each phase is subject to the previous phase being complete.
Phase 1: The price has to break the downtrend line in order to confirm the start of a new uptrend. This correction have been going on since October of 2020 & it has to be broken first.
Phase 2: The first major resistance has to be broken and the price shall come back for a re-test of that resistance in order to confirm it as support.
Phase 3: The previous ATH resistance has to be broken and turn into support. The price will be exhausted at that point so the pullback will be a bit longer.
Upon the completion of these 3 phases the price shall go towards its last run (along with the last parabolic move of the market) and this will end the 5 waves WXYXZ last impulse. I'm expecting the price to hit one of the 3 Fib extensions in the chart. Ideally, it'll land somewhere between the $11-$30 range.
Good luck
Long Position - DailyHi guys!!!
I am updating my previous analysis.
I don't see the necessary sentiment to move up in the market and I think that more price can be corrected.
As a result, I decide to make my purchase a little stricter and lower the entry limit for this currency a bit.
I am very happy that you write your opinion and challenge this analysis. And tell me how much the price can go down!
Thank you for taking the time to follow my analysis.
Following is the link to my previous analysis. I recommend that you take a look at that analysis and comment on it