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clear resistance at the moment -
Decentralized finance has sparked numerous innovations, notably in lending and borrowing protocols, which enable users to transact without centralized authority. Smart contracts facilitate these financial interactions, offering freedom and security. While platforms like Aave, Maker, Compound, and yearn Finance have dominated the space, Zerolend's recent advancements have been noteworthy. Zerolend stands out by supporting a broader range of chains, including Linea, zksync, Blast, and Manta, giving it a competitive edge. Zerolend not only offers account abstraction and gas-less transactions but also integrates real-world assets, expanding its utility beyond crypto. This feature has garnered significant attention and adoption among crypto enthusiasts. The availability of Zerolend's native token on the Bitget pre-market trading platform offers an opportunity for early investors to benefit from its expected bullish trajectory. Given its utility and positive investor sentiment, acquiring the token at a favorable price before official listing could be a strategic move. What are your thoughts on this exciting development? -
Hey @KoketsoIG, I hope you are well. Same problem today. GBP/TRY (and as far as I can see, other TRY pairs had similar situation today) swap was applied off swap bid=157.92 which is ~14.2% annualized when IG estimates funding rates in TRY as 52.99% (see below) and Turkish CB rate is 50%. That's ~3-3.5 times less than expected. Could you kindly investigate, please? WBR
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Question
Florium
Dear Members,
It is worth noting that the entire pullback from the June highs is starting to take the form of a possible Bull Flag. Support of the structure would be 4329 - 4337[: hit this early morning in the futs] zone and resistance around 4405. To my opinion such large patterns shouldn't let affect your intraday trading activity. They are not for 'predicting' , which we never do 'cause we should "only react and not anticipate" [quote by the eminent mr. Art Cashin]. Therefore, intraday trading by level-to-level from out support(s) at first the 4337 and below there the 4329, ought to be a solid one with further upwards resistances 4349,4359 and {major one} 4366. Anyway, don't hold overnight positions now in the summer/chopping market. Of course, I did so that I can't follow the genuine rule "sell in may and go away but return on 'Labor Day' (Sept. 4th)".
Do you agree (?)
Thx.
Rgrds, Paul
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