Understanding the Market Panic in Cozy Crypto

Introduction

Welcome to Cozy Crypto, where we provide you with the latest updates on the midnight market. Today, we witnessed a significant panic in the market right from the early morning. Despite this, the market managed to hold its resistance at 52,000. In this blog, we will discuss the positive comments received from viewers regarding BTC and ETH. However, it is important to note that the market closes on Fridays, so the working day is still ongoing. Let's analyze the performance of the market in the past two weeks.

Market Performance

Bitcoin (BTC)

Bitcoin has shown a strong position, with support at 34,900 and resistance at 35,900. Traders who followed our recommendation have achieved good earnings from BTC. If you have earned profits from BTC, please mention it in the comment section.

Ethereum (ETH)

Ethereum has also shown positive movement, with support at 2,775 and resistance at 2,800. Our long trade at 2,775 was successful, and the market reached a high of 2,821. Currently, ETH is in a strong position, and we expect it to continue performing well in the upcoming sessions.

Solana (SOL)

Solana has been performing exceptionally well, hitting our target of 107.35. If you followed our recommendation and earned profits from SOL, please reply in the comment section.

Other Tokens

Other tokens such as Chainlink (LINK), Polkadot (DOT), and Binance Coin (BNB) have also provided good trading opportunities. Please ensure that you utilize proper risk management and consider entering small trades to avoid any potential losses.

Looking Ahead

Bitcoin (BTC)

BTC has created a strong level at 52,500 and 52,800, which is of great importance for traders who have set long-term targets. To enjoy a good trade, it is advisable to start with small trades, whether they are long or short positions.

Ethereum (ETH)

ETH has shown a bearish inverted hammer head candle on the chart, indicating a potential downside. If the support at 2,750-2,760 breaks, we may see a drop to 2,720-2,750. However, there is still a chance for recovery above this level.

Solana (SOL)

Solana has given us a breakout above 120, reaching a high of 128. We will closely monitor its position and provide you with further information in the upcoming days.

BNB, ADA, and XRP

Binance Coin (BNB), Cardano (ADA), and Ripple (XRP) are also worth considering. BNB is currently in a good position, and we will analyze its chart in the next update. As for ADA and XRP, they are showing momentum in the market and may present profitable opportunities.

Conclusion

The market has experienced panic today, but it managed to hold its resistance. BTC, ETH, and SOL have shown positive performance, providing traders with good trading opportunities. It is important to stay active in the market and make use of proper risk management. Remember to enter small trades and avoid making impulsive decisions. If you have any questions or want further analysis, please leave a comment. Happy trading!