Morning Update: Why are markets looking red again?
If you're wondering why the markets are looking red again, HERE IS WHY:
South Korean exchange Korbit is barring non-citizens from depositing local currency on its platform. It appears other Korean exchanges may follow suit. Indian banks have shut down crypto trading accounts. All of this regulatory news is impacting the market and influencing the current dips. More FUD. On top of that, its January, which is arguably always the worst trading month of the year.
TIME TO BUY: there are some great position to be occupied in some coins out of the top 10 such as:
#POWR Power Ledger in a great spot to scoop up a bag 🙏🏻 they'll be speaking at the world economic forum tomorrow and have been gaining more press lately. Mcap still under $350m. These will likely be the last few days we see POWR under the $1 mark. 💯
#LEND Ethlend also in a solid position. Leveled out around 1340 and showing support here. Has been on a retrace for the last 4 days and ready for a reversal. What we're watching for is a bump up above the 25 day moving average. Keep an eye on this one! 🤑
Remember do not panic sell; keep your position and buy the dips #hodlgang