Tellor (TRB) and Frontier (FRONT) these days have been the cryptocurrencies with the highest 24-hour volume in relation to market capitalization (Volume24H/Market Cap). These cryptocurrencies have exceeded volume levels of more than 1500% and 1200% respectively.
This previous fact implies the attraction of bearish traders to consider opening short positions at strategic points, following the heat maps of liquidity zones.
In the case of Tellor (TRB) we see next daily liquidity levels above $162,516; $257,283; and $554,999, respectively; with a bullish sentiment in the medium term and a tendency to overbought at short-term levels.
Frontier (FRONT) shows that for short-term settlement levels the next congruent points are: $2.0158; $2.6232; $2.9268, respectively; with a bullish sentiment in the medium term but with an overbought trend in the short term.
For traders looking to make profits from price corrections, it is advisable to wait for a medium-term breakout point and daily and weekly maximum times.
Last article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Remember that all information presented here is a combination of third party data added to our personal opinion.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Rubikkav.
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