WazirX(WRX) | Trading Plan

2021년 10월 16일

Hello, everyone!

OVERVIEW
Let's take a look at the largest Indian cryptocurrency exchange, which is integrated to
Binance ecosystem. Key features are:
1)Instant INR (fiat) deposit and withdrawal options
2)World’s first auto-matching P2P engine with high
liquidity
3)80+ tokens
4)Login via Binance option

FUNDAMENTAL ANALYSIS

Product 7/10
Such innovative cryptoexchange with the Binance support performs a really top product in the cryptoexchanges sphere.

Tokenomics 5/10
45% of the total supply is in circulation. Total supply is unlimited. Tokenomics could be better but not so critical.

Partnerships 6/10
The Binance supports WazirX. It means that Binance is interested in WazirX expansion.

Exchanges 8/10
Binance, Poloniex and Tokocrypto and a lot of small exchanges listed WRX token which is really good for exchange's token.

Market Information 6/10
26X profit made the early investors, but the ATH was at $5.88 and the correction started in April 2021. I suppose that the price drop was sufficient for the new accumulation phase. I think the price easily can make 3-4X from the current price.

DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.

2021년 10월 16일

노트

2021년 10월 16일

노트

TRADING PLAN
I bought 25% at the current price. You can tell me that the price is not on the lower Bollinger band, but I think that the overall WRX correction is enough for safe purchase. Even if price will go lower, I buy 25% more at the lower Bollinger band and after that decide when to buy the rest 50%. Watch out my trading decisions with WRX here.