When considering airdrops, always assess the project's fundamentals, including the team, roadmap, and tokenomics. Tokens with solid use cases and strong community backing are more likely to retain value over time.
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A "death cross" occurs when Bitcoinβs 50-day moving average crosses below its 200-day moving average. Itβs often seen as a bearish signal, suggesting potential for a significant price pullback. While it doesnβt guarantee a sharp decline, historically, it has marked periods of market weakness or corrections. However, itβs important to not rely solely on this indicatorβother factors like market sentiment and news events also play a crucial role in short-term price movements.
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Market depth analysis shows the order bookβs buy and sell walls, indicating key levels of support and resistance. A large concentration of buy orders at a certain price level can signal support, while large sell orders may indicate resistance. By tracking how these levels shift in real time, traders can anticipate potential breakouts. If a price breaks through a significant resistance with strong buying volume, it could signal a bullish move. Conversely, failure to break support may indicate a reversal or consolidation.
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