Market News | Daily Main Token Trends Overview

2023-08-07, 02:29

The article is reprinted from the daily market overview of W-Strategy who is a guest streamer of Gate.io, a senior strategy analyst of cryptocurrency, and the founder of Wcollege. The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.

*The article is the original content of W-Strategy. Gate.io is only for reprint and distribution, and the copyright belongs to the author himself.

BTC

Summary: This week sees a converging end, continuing to wait for a direction to be chosen. Risky long entry strategy: $28,550 USD; Risky short entry strategy: $27,950 USD with a continued look to the $26.5K USD level.

KAS

Summary: Last week’s mentioned entry price was $0.4250 USD, and this week continues to create new historical highs, briefly reaching $0.05217 USD, achieving a profit of 22.68%. Once consolidation is complete, a sustained push towards $0.065379 USD, $0.10483 USD, and the top target of $0.14428 USD is possible.

API3

Summary: Daily chart shows strong upward momentum and breaks a new high for the past 3 months. Short-term suggestion is to watch the key resistance at $1.44810 USD. If it continues upwards, subsequent targets are $1.88768 USD, $2.49355 USD, and $3.20767 USD. Short-term attention should be given to the long and short positions in the futures market.

YGG

Summary: Daily chart breaks the previous year’s high. Short-term recommendation is to watch the key resistance at $0.64550 USD. If the upward trend continues, subsequent targets are $0.97786 USD, $2.28466 USD, and $3.59461 USD. Short-term attention should be given to the long and short positions in the futures market.

XCN

Summary: Daily chart continues to converge and suggests a potential bullish “W” pattern. Short-term positions can be established at a lower level, with the convergence expected to end in mid-August. Targets for an upward move are $0.00126 USD, $0.00152 USD, $0.00172 USD, and $0.00195 USD.

PEPE2

Summary: Last week’s short position suggestion was entered at $0.072001 USD. This week, it continues to decline and breaks the key support at $0.061601 USD. Profit of 34.77% has been achieved, with a downside target at $0.08955 USD. Continued bearish sentiment in the rebound.

POGAI

Summary: Last week’s short position suggestion was entered at $0.000105 USD. Short-term target has realized a profit of 84.15%. Bearish targets can be watched until $0.048143 USD and $0.046114 USD. Short-term caution for a potential short squeeze scenario (strong rebound).

WLD

Summary: A bullish “W” pattern has formed since the coin’s introduction. If optimistic about WLD fundamentals, watch for a sustained break above the previous high of $2.55 USD, with subsequent targets at $2.584 USD, $2.785 USD, and $2.925 USD. Set stop-loss at the previous low of $1.845 USD.

For more details, please follow W-Strategy | post account:
https://www.gate.io/post/AxMRBAQDWVVVBl9QQgO0O0OO0O0O555

Author: W-Strategy

*This article represents only the views of the author and does not constitute any investment suggestions.

*The article’s content is original and the copyright belongs to the author. If reprinting is required, please indicate the author and source. In all cases, legal action will be taken due to copyright infringement.