#Safe moon crypto professional#

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#Safe moon crypto professional#

Trading on margin increases the financial risks.īefore deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets,Ĭarefully consider your investment objectives, level of experience and risk appetite,Īnd seek professional advice where needed.įXMAG would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. In percentages, that means another devaluation of roughly 8% intraday with the risk that more downside will come when price action closes below that level. That would see, although the RSI is in oversold territory, SFM price drop towards $0.0002716. Should the Fed come out more hawkish than expected, however, and follow the move of the Riksbank at the beginning of this week, expect to see a massive wave of more dollar strength come into the markets, triggering a deep sell-off of everything against the greenback, including cryptocurrencies. That would translate into a 7% gain for the trading day, which, seeing its performance in September, would not be that bad. On the back of that headline, SFM price could rally towards $0.0003200. SFM price will probably be seen popping higher, helped by Fed comments if it sticks to a 75 bps rate hike, and mentions that it is starting to see significant slowdowns in the economy that will help build the case for smaller rate hikes. As with every asset class in the markets, sooner or later, some paring back of losses is likely to happen – a de-tensioning of the elastic band pulling SafeMoon price down. Since the beginning of September, SFM price action has been in free-fall and does not look to recover anytime soon. SafeMoon price has not many reasons to rally higher extensively as tail risks are only getting larger and increasing by the day as geopolitics shake up the markets yet again. The reason: the Relative Strength Index (RSI) has been trading in oversold territory for too long and is due for a small turnaround. Since then it has been reluctant to fall all the way to those lows. Unfortunately, price action failed to vault this hurdle and slid lower towards $0.0002716, the low of May. At the beginning of the month SFM price tried to trade above the 55-day Simple Moving Average (SMA), situated at $0.0004227 at the time. SafeMoon (SFM) price has had a rough ride this September. Expect to see a possible return to $0.0003200 before price action starts tanking again.SFM price is due for a short move up as the RSI has been trading deeply in oversold.SafeMoon price has sold off roughly 30% in September alone.