December 2nd Market Analysis from LBank Derivatives
So far we have seen a rejection around the $17k level. BTC broke above $16500 which is now the support. Any dip here is a buying opportunity with a Stop Loss below $15880.
Resistance level to watch out for: $17.4k
Support level to watch out for: $15.8k
The Setup is still Bullish, Ethereum (ETH/USD) is already crossed the resistance at $1270 and the price is now stable at around $1270- $1290 waiting for breaking above.
Resistance level to watch out for: $1300
Support level to watch out for: $1260
LBank perpetual contracts are settled in USDT and are not inverse contracts. There is no expiration or settlement of perpetual Contracts. Now we have BTC perp, ETH perp, Dot perp, Sol perp, and other over 100 kinds of popular coins online.
The available leverage is between 1–125. One of the key benefits of USDT-settled contracts is that you can easily calculate your returns in fiat. When the market suffers a wild fluctuation, this tool can help you lower your risk.
Click here to download it for iOS or Android