After a bearish month in July for many of the popular cryptocurrencies, the month of August presented several long trade setups for crypto traders. Many of these setups were identified by our traders using Smart Money and other forms of technical analysis. Our members saw substantial profit from winning trades for Solana, Matic, and Ripple.
Last week, our traders entered long for Solana at $43.50. Since then, the price surged a staggering 85% to the upside as the price currently trades near $76.50. The next target for our traders is $80.50. A long setup for Polygon’s native coin Matic was then called. Traders entered long at $1.415. Price was able to reach the target of $1.50 and provide a return as high as 12%. The next target for Matic is $1.75. Additionally, a long setup was also taken for Ripple at an entry price of $0.875. This coin easily achieved our target of $1.10 and is currently trading at $1.25.
As the major cryptos in Bitcoin and Ethereum continue to pick up momentum to the upside, we should see the altcoins discussed as well as many others continue their push higher. This change in dynamic should provide ample trade setups for both trades and investors in the market.
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