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Bringing you today's #DemexSignals

πŸ“‰ Bear Trade Idea - $ETH / $USD

πŸ’‘ Rationale: The previous unemployment rate and CPI showed that the job market remains strong and inflation is still hot, which likely means the Feds will continue to be adamant about rate hikes.

Read on. πŸ‘‡πŸ»
With NASDAQ and SPX making new lows, the overall macro trend remains bearish and crypto is likely to follow the downtrend for now with the occasional rallies. With winter coming and inflation possibly increasing, it is possible that recession occurs and the market goes...
...further risk-off, sending ETH back to $1250 or towards $1000 or below.
Read 8 tweets
Bringing you today's #DemexSignals

πŸ“ˆ Bull Trade Idea - $ETH / $USD

πŸ’‘ Rationale: ETH has again bounced off its $1250 support level and is trading above $1300.

Read on. πŸ‘‡πŸ»
With record levels of puts and shorts, we may see a short squeeze and strong rally towards the mid-term elections on 8 November. The CPI inflation read on 13 October was neutral on the YoY but slightly higher than expected on the MoM, creating a bearish bias that has since...
...been absorbed, signalling strength in ETH and a break towards $1380 is next.
Read 8 tweets
Bringing you today's #DemexSignals

Bear Trade Idea - $ETH / $USD

πŸ’‘ Rationale: The previous unemployment rate showed that the job market remains strong, which likely means that the Feds will continue to being adamant about rate hikes.

Read on. πŸ‘‡πŸ»
With NASDAQ and SPX making new lows, the overall macro trend remains bearish and crypto is likely to follow the downtrend for now with the occasional rallies. The upcoming CPI read on 13th October will determine where the market will move next. If inflation remains high...
..., it is possible that ETH exits this range and breaks below the support towards $1000.
Read 8 tweets
Bringing you today's #DemexSignals

Bull Trade Idea - $ETH / $USD

πŸ’‘ Rationale: ETH is now back at key support around $1250. Although macro markets took a tumble with the announcement of the unemployment rate...

Read on. πŸ‘‡πŸ»
..., a bullish divergence is being formed and with record levels of puts and shorts, we may see a short squeeze and strong rally towards the mid-term elections on 8 November.
The CPI inflation read on 13 October will determine where the market goes next, if inflation is lower than expected, it could be the start of another bear market rally.
Read 8 tweets
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Read 6 tweets
πŸƒπŸΌβ€β™‚οΈ 3 hours to go for the competitions! πŸƒπŸΌβ€β™‚οΈ

In order to be eligible for the Top Gainers Competition, you must have a minimum initial equity of 500 USDC at the start time.

Head to app.dem.exchange/competition to deposit now, or ensure you have a minimum available balance of 500 USDC.
Tag a fellow #trader in the comments section, to come participate and win from a prize pool of $4,000! πŸ’Έ

Don't forget, #Demex offers the HIGHEST LEVERAGE in the @Cosmos Ecosystem at a whopping 50x leverage!
Read 4 tweets
Reasons why Demex is the Perp-fect DEX for trading perpetuals. 🦾

We’re not kidding when we say that our perpetuals market is the best in the DeFi space, and our trading competition is a great way for you to test it out. Image
Compete and win from a prize pool of 4000 USDC in our upcoming perpetuals trading competitions running from the 10th to the 31st of October.

Ensure you are eligible to participate! Head over to app.dem.exchange/competition and deposit 500 USDC before the competition start time if you wish to participate in the #TopGainers Competition. πŸƒπŸΌβ€β™‚οΈ Image
Read 5 tweets

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