Trade TOMO in Futures Market at CoinDCX
Issued on: 26th Oct’23
Valid up to: 02nd Nov’23
Price Update
TOMO price at the time of writing (26th Oct’23, 16:30) is $1.8600, with a 24-hour trading volume decreased by 35% to $27 million. TOMO price is up by 4.91% in the last 24 hours according to coinmarketcap.com.
Analysis
Analyzing the above chart:
- TOMO has successfully broken above a critical resistance level at $1.67 and is holding its position above that level, which is a positive sign.
- Indicators aligning with TOMO’s price action further support the notion that TOMO may experience a rise in its value.
- In the context of a favorable market environment for altcoins, this is a positive indicator for TOMO’s potential upward movement.
- A Long Trading strategy can be assessed between $1.815-$1.862 with an invalidation below $1.710
- On the upside, one can see a rise of 30-35% toward $1.986, $2.131 & $2.413
- Risk to Reward Ratio: 1:6 (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: TOMO 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% |
| 27-Sep | MKR | Long | 13.25% | 105.98% | 3.56% |
| 27-Sep | C98 | Long | 9.04% | 72.33% | 5.61% |
| 3-Oct | MATIC | Long | 7.69% | 61.52% | -0.25% |
| 3-Oct | WLD | Short | 8.65% | 69.21% | -1.71% |
| 4-Oct | AVAX | Long | 12.84% | 102.72% | 2.19% |
| 5-Oct | AAVE | Long | -5.80% | -46.40% | -0.16% |
| 5-Oct | MKR | Long | -5.38% | -43.04% | -2.49% |
| 9-Oct | DOGE | Short | Not Considered | ||
| 9-Oct | OP | Short | 6.65% | 53.20% | -1.04% |
| 11-Oct | MKR | Long | -2.70% | -21.61% | -1.14% |
| 12-Oct | XVG | Short | -4.54% | -36.31% | 0.11% |
| 16-Oct | BCH | Long | 12.54% | 100.32% | 8.15% |
| 17-Oct | JASMY | Short | Not Considered | ||
| 18-Oct | BLZ | Long | 32.54% | 260.32% | 5.76% |
| 19-Oct | LINA | Short | -5.47% | -43.76% | 6.10% |
| 20-Oct | FET | Long | 22.36% | 178.88% | 12.82% |
| 25-Oct | LDO | Long | 7.74% | 61.92% | 1.25% |
| AVERAGE RETURN | 7.29% | 58.35% | 2.58% | ||
| SUCCESS RATE | 67% |
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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