PBXUSDT trade ideas
⚡ PBX (Trust Wallet Token) Trade Setup ⚡📊 Analysis:
Support Level: PBX has reached a support level, presenting an opportunity for a long trade.
Risk Warning: It's essential to note that PBX is a low-cap coin, making the trade highly risky.
Trade Percentage: Due to the high risk, consider using only a small percentage of your capital for this trade.
Buy Zone: Plan to ladder into a spot long trade between $0.00165 - $0.00174.
Take Profit: Consider taking profits at the next areas of resistance around $0.002 - $0.0021 or $0.002325 - $0.0024.
Stop Loss: Set the stop loss just under $0.0016 to manage potential losses.
🌐 Note: Exercise caution when trading low-cap coins, and be aware of the associated risks.
🚀 PBX Potential Trade: Bouncing from Support! 📈💹📊 Analysis:
Current Situation: PBX is bouncing from an area of support.
Trade Consideration: This trade is high risk, so a cautious approach will be taken.
📉 Trade Strategy:
Entry: Consider entering in the $0.0013 - $0.00135 support area.
Stop Loss: Implement a tight stop loss just below $0.001275 for risk management.
Take Profit: Target the next resistance levels around $0.00165 - $0.00174 or $0.002 - $0.00212.
🌐 Note: Given the high-risk nature, use a small amount of capital and avoid leverage. Keep a close eye on price movements and adapt your strategy as needed.
PBX bullish falling broadening wedge TARGETPBX has been setting up a falling broadening wedge over the last few weeks. This is normally a reversal pattern meaning I would expect it to break the upper downward sloping trendline in the coming days, heading towards its target in the 0.0032 to 0.0035 range. Notably there is also a 1.618 extension target at about 0.0039. PBX seems to have found support at its 50 day Moving average which has sent it heading back toward the upper trendline of the falling wedge. Let’s look out for interaction with that trendline over the next few days and see what plays out.
Paribus, the lending platform for Cardano consolidating. Ready?Paribus is a cross-chain borrowing and lending protocol for NFTs, liquidity positions and synthetic assets running on the Cardano blockchain.
This project is relatively new starting in Q2 of 2021 and could profit massively from the upcoming growth of the Cardano ecosystem.
We wait for the bottom of the triangle as entry point or the top if price won't come down anymore.
Let's wait and see.
Keep in mind that often times we feel doomed or the opposite invincible, this is the time we are wrong and reversals happen.
So ask yourself how you feel and what it means.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumbler
PBX/USDT Now 30% up within 24 hours from our entry #PBX/USDT
$PBX now 30% up from our entry.
Entry:- $$0.018-$0.022 filled ✅
Very near of TP1
But You can book small profit if you satisfied.
30% Profit within 24 hours.
Safe Traders= You can Set your Stop Loss at your Entry point.
Mean I placed at $0.021500
Happy Trading.
Paribus (PBX) Fundemental and Techincal AnalysisA bit of a deeper dive on a coin I looked at awhile ago, Paribus (PBX). A coin that wants to offer chain based lending, synthetic assets, and NFT collateral based loans, all on the Cardano Network.
FA wise: I thinks needs more catalysts to develop before seeing potential. ERC-20 to CAD-20 token converter needs to be on the mainnet, a dex like sundaeswap needs to launch, and the team needs to show some further development of their utility. I haven't seen any work on the actual product yet. One point of concern is the tokenomics, as I can't find information on this.
TA Wise: This is a small cap with a current market cap of $12.5 million. Therefore, any TA will have to be balanced with the appropriate amount of risk of something on the smaller side. Diving in, It seems to hold .015 as minor resistance, and 0.01 and 0.095 as supports. Expect some resistance at the 0.03 as it has struggled to stay above that price, as of now.
**Not financial information, for my own learning purposes! Read at your own risk!**
Paribus has formed a Flag..I just started trading on KuCoin and I have to tell you I have been stoked so far. After being stuck with the BS options here in the US I love trading all these new pairs. I have 1 leveraged long with ETH but besides that I am sticking with the Spot Trading. Thanks to Trader UltimateKnowledge and his ideas I started looking at KuCoin. Anyhow, if you are reading this check out some of their ideas.