For the cryptocurrency market on July 24, we conducted a Technical Analysis of several major Tokens and identified some potential trading opportunities.



Ethereum ( ETH ) is currently showing a downward trend. It is recommended to open a short position at the 3630 level, with a take-profit target set at 3575. Considering market volatility, it is advisable to use moderate leverage.

Solana ( SOL ) also shows signs of a pullback, with the possibility to open a short position around 186, and a take profit point at 179. Given its volatility, it is also advised to use leverage cautiously.

As a small market cap Token, Sparkster(SPK) also presents shorting opportunities. It is recommended to open a short position at 0.135, with a take profit target of 0.123. Due to its low liquidity, it is advisable to use a smaller leverage multiplier.

Please note that the Crypto Assets market is highly risky and volatile. Before engaging in any trading, it is essential to fully understand the risks and develop a trading strategy based on personal risk tolerance and financial situation. At the same time, continuously monitoring market dynamics and adjusting strategies in a timely manner is also crucial.
ETH1.41%
SOL4.54%
SPK1.67%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
degenonymousvip
· 07-24 15:07
That's it.
View OriginalReply0
LiquidationWatchervip
· 07-24 09:50
seen this pattern before... may 2022 ptsd flashbacks intensify
Reply0
FastLeavervip
· 07-24 09:49
I'm out, this short order is bound to fail.
View OriginalReply0
MelonFieldvip
· 07-24 09:26
All in, so what?!
View OriginalReply0
DegenRecoveryGroupvip
· 07-24 09:21
A single sentence destroyed what belonged to it.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)