Trade 1000SHIB in Futures Market at CoinDCX
Issued on: 04 Aug’23
Valid upto: 11 Aug’23
Category: Payments
Market Cap: $5.07B
Price Update:
1000SHIB price at the time of writing (04 Aug’23, 16:55) is $0.008612, with a 24-hour trading volume increased by 4.58% to $256 Million. 1000SHIB price is up by 4.61% in the last 24 hours according to coindcx.com.
Source: TradingView
Analyzing the above chart:
- SHIBA INU (1000SHIB) is strong and outperforming the general market with increase in volume from last few days.
- Recently, A new technology called Shibarium Beta Bridge has been launched for testing & Today, Binance Announced Shiba Inu (1000SHIB) as Collaterized Asset.
- Considering the positive news and strong price action 1000SHIB seems bullish.
- Confirmation: In the Daily time frame, 1000SHIB is showing sign of reversal i.e. an uptrend ,as it has breached the descending trendline.
- Upper resistance level: $.00915 & $0.00968
- A Long Trading strategy can be assessed between $0.00844-$0.00865 with an invalidation below $0.00800
- On the upside, one can see a rise of 15-25% toward $.00915, $0.00968 &
$0.01072 (valid for 7 days) - 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: 1000SHIB is now available in the futures market in both Go and Pro apps with up to 5x leverage.
LAST 30 DAYS ANALYSIS SUMMARY:
| DATE | TOKEN | Strategy (Long/Short) |
TOKEN RETURN% | TOKEN RETURN % (with 8x leverage) |
BTC RETURN% |
| 05-July | APT | Long | -3.72% | -29.76% | -2.22% |
| 06-July | SOL | Long | 30.59% | 244.72% | 2.69% |
| 11-July | MATIC | Long | 13.69% | 109.52% | 3.77% |
| 12-July | DOT | Long | 9.87% | 78.96% | 1.82% |
| 13-July | BEL | Short | 12.78% | 102.28% | -2.98% |
| 20-July | STX | Long | -3.62% | -28.98% | -4.36% |
| 21-July | SAND | Short | 4.57% | 36.55% | -0.95% |
| 25-July | DOGE | Long | 6.97% | 55.76% | 0.36% |
| 26-July | WLD | Short | 7.60% | 60.81% | 0.85% |
| 28-July | ETH | Short | Trade is live | ||
| 1-August | OP | Short | -5.33% | -42.62% | 0.43% |
| 3-August | BCH | Short | Trade is live | ||
| AVERAGE RETURN | 7.34% | 58.72% | -0.06% | ||
| SUCCESS RATE | 70% |
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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