Hi all, I am also happy about joining Fredquantum-Kouba01 Traders Team.

I learn a lot of Trading skills from both professors, @fredquantum and @kouba01.

Now it's time to show my trading skills to my professors.

For today's trading needs I choose MC/USDT Coin to give my BUY entry.

Before showing my trading setup, let us know some basic details regarding Merit Circle Price(MC).

Fundamental Details About Merit Circle Price

At present MC Trending around 377th Rank in Coinmarketcap, with a $106,025,428 market cap. It also trending with $2,489,519,663 as of its Fully Diluted Market Cap.

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_{Basic Details}

If you check it's All-time and All-time low details. Its ATH is $45.24 which is 94.5% down from the present price, and its All-Time Low is around $1.86, which is 33% above, compared to the present price.

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_{All Time High/Low Details}

Merit Circle is listed in Binance, Gate, Kraken and Uniswap and many more with different pairs.

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MC's maximum supply is around 1,000,000,000. At present nearly 42,592,000.00 M is in circulation. So it is only 4% of the total supply.

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_{Circulation Supply}

This is a not good sign to hold for the long run. Because there is huge dump we except when found are released in the market. It is not a good coin for holding long term needs.

About Social Media Status

They have good followers on social media, In telegram around 1.2k members are there.

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_{Telegram Users}

On Twitter, They have around 98.3k users and they are very active in sharing upcoming events and project performance with users.

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_{Twitter Users}

Along with they having a good community in Reddit and Medium too.

As per Social Media activities, Merit Circle has a good and strong community on Twitter but in telegram, they are not active.

About Merit Circle(MC)

Merit Circle is a Decentralized Autonomous Organisation. It is a gaming project. Here on playing different games users can earn an MC token as a reward. Later those were exchanged in an open market.

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Here users can play different games through Metaverse, that's why it attracts gamers at starting. But now it is completely dead.

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At present this platform has nearly 3750 active gamers, every month users increasing.

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In this platform $MC is a governance token, so users who hold this coin get voting rights for implementing any changes. So this coin has some use cases in this project.

Merit Circle does not come with a new concept, it's copycat, Brought to you by the founders of the Axie 420 scholarship and incubated by Flow Ventures. So we not getting any other details regarding developers and teams.

Technical Analysis.

The main reason to choose this coin for trading needs is its new listing announcement. Due to this news, I choose this coin for my trading needs.

All we know-how like that news give some fast profits in the market.

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For this reason, I choose this coin for my trading needs.

For this first I check 4 hours chart, it looks it's in Uptrend.

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Now I choose a 15 minutes chart, here it gets resistance breakout too. So I give my entry around the $2.4 range and keep 1:2 Risk and Reward Ration for my today trade. As per my expectation, it hit my target so I close my trade too.

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After setting up my trade, now I go to my Binance account for executing my trade. As per my Trading set-up, I place my order, set Stop Loss and Take profit orders as follows.

Around on booking 7 to 8%, I close my trade finally. But again I get a chance, so again I give my entry , and exit at 2% profit. Total I book 10% profit in MC trade.

In the above, you may check my trade history.

Recommendations to Others.

I don't recommend this coin for long term holding needs. For the short term, if you get any opportunity just trade and leave. Because it's a gaming reward token, that too it's in starting stage, not yet fully developed. Still, 94% need to release in the market, no details regarding the team. So I don't recommend this coin for long term needs.

For trading needs, I choose this coin today, not for investment purposes.

But all are my opinion only, I am not a Financial Advisor. Before investing, do your research. Then invest only.

Thanks For Stopping My Entry