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Oct 11 8 tweets 4 min read
Bringing you today's #DemexSignals

Bull Trade Idea - $ETH / $USD

💡 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. 👇🏻
..., 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.
⚡️ Execution:

▫️ Limit long entry around $1357.
▫️ Stop loss around $1217.

🏹 Take profit at key areas:
$1380

💰 Risk reward:
Around 2.5x from $1280 to $1380 (next key area)
Trade these signals right now!

app.dem.exchange/trade/ETH_USD
⚠️ Disclaimer ⚠️
Please do your own research before carrying out trades. Cryptocurrencies and digital tokens are subject to high market volatility and risk, and are out of the Demex’s control and sphere of influence. Demex shall not be liable to any losses or damages.

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More from @demexchange

Oct 11
Bringing you today's #DemexSignals

Bear Trade Idea - $ETH / $USD

💡 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. 👇🏻
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
Oct 10
1/ 🏃🏼‍♂️Perpetuals Trading Competitions are LIVE from NOW, till 31st Oct, 8AM UTC🏃🏼‍♂️

⚡️#TopGainers: Compete for the highest profit & loss % ranking
⚡️#TopTraders: Compete for the highest trading volume ranking.

Start trading now!
app.dem.exchange/trade/ETH-PERP
app.dem.exchange/trade/BTC-PERP
Experience the best of the best trading experience right here on Demex with all our killer features. 🦾
Read 6 tweets
Oct 10
🏃🏼‍♂️ 3 hours to go for the competitions! 🏃🏼‍♂️

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! 💸

Don't forget, #Demex offers the HIGHEST LEVERAGE in the @Cosmos Ecosystem at a whopping 50x leverage!
Read 4 tweets
Oct 9
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. 🏃🏼‍♂️ Image
Read 5 tweets

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