Airdrop Hunting
A Full-Time Hobby
At the end of March, I talked about airdrops for the first time as I was starting my journey of exploration. Well many days and countless hours later, airdrop hunting has become a full-time hobby for me.
I still consider myself a complete newb at this, but after interacting with dozens of protocols, performing swaps, minting NFTs, providing liquidity and so on, I can say my grasp of DeFi and Web3 has greatly expanded.
Twitter and Substack have a really dumb battle going on, and it’s impossible to post direct links here in the prior format. My best advice is to follow these legends and try to do everything they say…or as much of it as you can:
I’m particularly interested in anything to do with zkSync and ConsenSys (Linea). They have both raised more money than Arbitrum did and I’m focusing a fair amount of effort on them.
StarkNet and LayerZero are also worth paying attention to and devoting time toward. I’ve also done a fair amount with Scroll and Fuel. Don’t bother with SUI as they’re not expected to do an airdrop.
Sponsors Corner
The big news of the week from our newsletter sponsor RoseonX is none other than the Genesis Liquidity Pool opening up to the public. We’re excited to see how quickly this one grows!
Technical Analysis Corner
Bitcoin Daily Chart
On more protracted moves, SuperTrend often moves up with price and then flattens out in step-ladder fashion. We haven’t tested the daily ST since the original breakout around 22k. This level is important for bulls. A daily close below 27.8k would therefore bring much greater chances of further consolidation toward 26.7 and 25 areas. With this move down we’ve also closed the CME gap near 28k.
Bitcoin 4H Chart
On the intraday, price is approaching the HVN around 28.1. The general area here is 27.8-28.1 and we could see a few attacks on this zone. Bulls would need to reclaim the value area high just below 29k to take back control in the short term.
ETH 2H Chart
Ethereum has entered the golden pocket retracement area of its recent impulse, and this is where it should reverse, otherwise we can expect it to extend downward toward $1855. A move back up and failure at $2k resistance could set up a potential short play.
TOTAL2 3-Day Chart
Following an initial breakout attempt above 620B resistance, we’ve dropped back in the range. The next couple of days will determine if this is a throwover or failed breakout and acceptance of lower prices. It’s all about BTC at this point and we do need to respect that it’s going to take some time for the next decisive move to unfold.
Jay Charles
Editor in Chief, The Trading Tank.
Disclaimer: The publisher does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the author.
The Trading Tank is a publisher of financial information and not an investment advisor. We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient.
THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY OR PUBLICLY TRADED ASSET DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN.
