Title:
Use of the Solana Commerce (Sun) and the opening of the cryptocurrency market with potential
Introduction
The world of cryptocurrencies has passed from the beginning in the mid -2000s. The cryptocurrency market has experienced great growth and instability since the humble start of a global phenomenon. One of the key factors for this explosive growth is the use of technical analysis and trade signals. In this article, we will analyze how to take advantage of commercial signals with Solana (Sun) and provide a market analysis to help you make conscious decisions in a constantly changing cryptocurrency panorama.
What is the negotiation signal?
Commercial signals are indicators used by merchants to predict price changes and predict on the basis of technical analysis. They can be obtained from several sources, such as diagram patterns, trend lines and other forms of analysis. In the commercial system, these signals are used to buy or sell properties.
How to take advantage of trade points to Sorana (Sun) with
Solana is a decentralized blockchain platform that allows fast, cheap and energy efficiency events. Its native cryptocurrency, Sol, has gained attractive in recent months due to its high appreciation of prices. This section analyzes how to take advantage of commercial signals with Solana.
- Select a negotiation platform : There are several commercial platforms available for Solan, including UNISWAP, Sushiswap and Solflare. Each platform has its own unique features and trade conditions.
- Identify commercial signals : find the commercial signals that have produced sources accredited in cryptocurrency mode. Some popular sources of commerce are:
* Cryptoslate
*
* Daily bit
- Establish a negotiation strategy : After identifying a negotiation signal, establish the negotiation strategy on the platform of your choice. This may include configuration, stations and risk management.
- Follow the market : be attentive to market conditions and adjust its commercial strategy accordingly.
Market analysis
Market analysis is essential to make decisions based on information in cryptocurrency mode. Here are some key factors that must be taken into account when analyzing cryptocurrency:
- Trend lines
: The trend lines are used to identify the direction of price transitions. They can be based on an average simple movement (SMA) or more complex patterns.
- Support and resistance : Support and resistance levels are critical to determine commercial signals. Identify areas where prices generally burn or advance.
- Market : Market feelings refer to the general attitude of investors to a particular cryptocurrency. Find indicators such as a brief interest, trade and buzz of social networks.
- Regulatory news : Regulation news can have a significant impact on the cryptocurrency market. Keep up to date to determine state policy and regulations.
Case study: Sol Trade Strategy
Let’s look at a case study used by the Sorana platform to show how to take advantage of commercial signals for profit.
Suppose we use UNISWAP of our negotiation platform and have established a commercial strategy that takes into account the following indicators:
- 10 -day trend line SMA (SMA1)
- Support level: $ 43.50
- Resistance level: $ 46.50
- Market sensation indicator: Short interest ratio 20%
- Regulatory news: positive notification of the government of the regulations of cryptic currencies
Commercial strategy
With the help of the previous indicators, our commercial strategy will be seen:
- When SMA1 breaks below $ 42 (support level) we move for a long time.
- When the price touches $ 44.50 (resistance level), we take profits and leave the store.
- If the short interest rate is more than 20% or government notification will lead to an augmented regulatory characteristic, we will consider taking additional stations.