Technical analysis by fidubit about Symbol DCR: Sell recommendation (11/8/2023)

#Decred #DCR #CryptoTrading #short #winningtrades #winning #btc #usdt #binance Based on the current market structure, we have decided to open a short position for the short term. My custom indicators using advanced Coinmasters scripts and institutional analysis have identified a strong short opportunity. For this reason, we are entering a short position with the following parameters: Risk/Reward Ratio: 2.32 Short Position Entry: 14.80 Stop Loss: 15.20 Take Profit: 13.11 Fundamental Analysis: Decred is a blockchain-based cryptocurrency focused on community governance, open input, and sustainable funding for development. It uses a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) system for consensus and security. Some key aspects of Decred: Launched in 2016 with an airdrop and premine to bootstrap the PoS network and compensate developers. On-chain governance through PoS voter tickets approving blocks since 2016. Politeia launched in 2018 for off-chain proposal discussion/voting. Upgrades approved through stakeholder votes, putting sovereignty in the hands of the community. Hybrid PoW/PoS is considered more secure and fairer than pure PoW systems. Built on btcsuite codebase but is a standalone cryptocurrency, not a Bitcoin fork. Innovative features like Lightning Network, atomic swaps, DEX, and more. After this short-term short, we expect a strong upside move and will look to go long. #Decred #CryptoTrading