Trade C98 in Futures Market at CoinDCX
Issued on: 27th Sep’23
Valid up to: 04th Oct’23
Category: DeFi
Market Cap: $89 Million
Price Update
C98 price at the time of writing (27th Sep’23, 17:00) is $0.1502, with a 24-hour trading volume increased by 10% to $10 million. C98 price is up by 4.43% in the last 24 hours according to coinmarketcap.com.
Analysis
Analyzing the above chart:
- C98 recently broke a significant resistance level, closing above $0.1442 on a 4-hour candle.
- This breakout was accompanied by strong volume and decent price action.
- These confirmations indicate the potential for C98 to experience a significant upward rally.
- A Long Trading strategy can be assessed between $0.1471-$0.1497 with an invalidation below $0.1418
- On the upside, one can see a rise of 15-20% toward $0.1604, $0.1657 & $0.1716 (valid for 7 days)
- Risk to Reward Ratio: 1:5 (Considering Target 3)
- It would seem that one should maintain a balanced risk-to-reward ratio and check the use of leverage and position size to ride out current market conditions.
Note: C98 is now available in the futures market in both CoinDCX and CoinDCX Pro apps with up to 15x leverage.
Last 30 Days Analysis Summary
| DATE | TOKEN | Strategy (Long/Short) |
TOKEN RETURN% | TOKEN RETURN % (with 8x leverage) |
BTC RETURN% |
| 29-Aug | PEPE | Short | -3.78% | -30.23% | 6.25% |
| 1-Sep | ANKR | Short | Not considered(flat) | ||
| 4-Sep | 1000SHIB | Short | 7.50% | 60.00% | -1.72% |
| 7-Sep | SEI | Long | -3.20% | -25.61% | -0.67% |
| 12-Sep | LPT | Long | Not considered(flat) | ||
| 13-Sep | RUNE | Long | 22.27% | 178.13% | 2.13% |
| 15-Sep | MKR | Long | 13.97% | 111.80% | 3.08% |
| 18-Sep | AAVE | Long | 10.00% | 79.96% | 1.65% |
| 18-Sep | LINK | Long | 8.29% | 66.30% | 0.43% |
| 21-Sep | LDO | Short | trade is live | ||
| 25-Sep | WLD | Long | trade is live | ||
| 27-Sep | MKR | Long | trade is live | ||
| AVERAGE RETURN | 7.86% | 62.91% | 1.59% | ||
| SUCCESS RATE | 71% |
Return % is calculated based on pricing data as available on the platform and is valid for 15 days from the date of publishing.
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