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Kadena is currently in a strong position in the crypto space. The token has been trading around US $0.44–0.46 with healthy 24-hour volumes and signs of renewed traction. Its unique multi-chain Proof-of-Work architecture, Chainweb, allows the network to remain scalable, energy-efficient, and ready for enterprise-grade adoption. Recent developments, such as new EVM compatibility and tokenization partnerships, further strengthen its growth potential. Overall, Kadena appears well-positioned thanks to its price recovery and solid technical roadmap.
Going to be entering at the .618 Fib level (Golden Pocket) for a long position. ETH has been pumping, this money will start rotating soon enough and i'm betting sushi swap will get a nice pump in the upcoming weeks...
Long term sushi trade, entered at this area, I think that a break out is going to happen any day. TP region is around $3-5 Going in with a lot more size on this one 2-8 Week timeframe on this.
Short position off resistance level, Standard break and retest strategy.
Looking for a long position off the bottom of this upward trendline, Trend continuation trade.
Looking for a bounce off the monthly level for a long position.
Looking for a retest of approximately $3000 for a bounce off the top of the prior channel.
Looking at a long position off the bottom of this rising channel.
BTC had a large flush after its ATH of 123.1k causing most late longs to get wiped out. It seems fear has been overestimated and we should see a reversal soon. We're also near major support on the 4h and have an oversold StochRSI. CPI numbers are coming out today so make sure you're managing risk accordingly and only invest what you can afford to lose.
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