Former CME floor trader, Michael Young joins Merlin to discuss how he is trading these sideways markets and finding great trading opportunities.
Mr. Young takes a look at Natural Gas, and walks listeners through how he is trading it, and what his strategies are going forward. The duo stress the importance of knowing the instruments you are trading, and having a plan at all times!!
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Zcash price stalls around $1,400 at press time, holding steady after a 15% decline over the last three consecutive days of losses. Early signs of easing institutional demand, with $8 million in outflows on Monday, back the near-term downside risk in the privacy coin. The technical outlook for ZEC indicates a potential dip toward the $1,300 support floor.
Aave slips below $161 after surging more than 10% the previous day, with on-chain data suggesting increased profit-taking. Meanwhile, Aave founder Stani Kulechov is considering an AAVE token-burn mechanism under Aavenomics 3.0, adding a potential catalyst for AAVE.
Bitcoin, Ethereum, and Ripple are showing signs of slowing bullish momentum mid-week after slight pullbacks from their recent highs. BTC faces resistance near $85,000, with ETH hovering around $2,674 and XRP holding near $1.500, as traders assess whether these top three cryptocurrencies can resume their recent rallies.
