DECRED SHORT POSITION
#Decred #DCR #CryptoTrading #short #winningtrades #winning #btc #usdt #binance
Based on the current market structure, we have decided to open a short position for the short term.
My custom indicators using advanced Coinmasters scripts and institutional analysis have identified a strong short opportunity.
For this reason, we are entering a short position with the following parameters:
Risk/Reward Ratio: 2.32
Short Position Entry: 14.80
Stop Loss: 15.20
Take Profit: 13.11
Fundamental Analysis:
Decred is a blockchain-based cryptocurrency focused on community governance, open input, and sustainable funding for development. It uses a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) system for consensus and security.
Some key aspects of Decred:
Launched in 2016 with an airdrop and premine to bootstrap the PoS network and compensate developers.
On-chain governance through PoS voter tickets approving blocks since 2016.
Politeia launched in 2018 for off-chain proposal discussion/voting.
Upgrades approved through stakeholder votes, putting sovereignty in the hands of the community.
Hybrid PoW/PoS is considered more secure and fairer than pure PoW systems.
Built on btcsuite codebase but is a standalone cryptocurrency, not a Bitcoin fork.
Innovative features like Lightning Network, atomic swaps, DEX, and more.
After this short-term short, we expect a strong upside move and will look to go long. #Decred #CryptoTrading
Based on the current market structure, we have decided to open a short position for the short term.
My custom indicators using advanced Coinmasters scripts and institutional analysis have identified a strong short opportunity.
For this reason, we are entering a short position with the following parameters:
Risk/Reward Ratio: 2.32
Short Position Entry: 14.80
Stop Loss: 15.20
Take Profit: 13.11
Fundamental Analysis:
Decred is a blockchain-based cryptocurrency focused on community governance, open input, and sustainable funding for development. It uses a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) system for consensus and security.
Some key aspects of Decred:
Launched in 2016 with an airdrop and premine to bootstrap the PoS network and compensate developers.
On-chain governance through PoS voter tickets approving blocks since 2016.
Politeia launched in 2018 for off-chain proposal discussion/voting.
Upgrades approved through stakeholder votes, putting sovereignty in the hands of the community.
Hybrid PoW/PoS is considered more secure and fairer than pure PoW systems.
Built on btcsuite codebase but is a standalone cryptocurrency, not a Bitcoin fork.
Innovative features like Lightning Network, atomic swaps, DEX, and more.
After this short-term short, we expect a strong upside move and will look to go long. #Decred #CryptoTrading
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