In this tutorial, we’ll explore how you can complete a series of tasks in Nad.fun for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Nad.fun for the 

Task: Complete quests on Nad.fun with your Bybit Wallet

button in the upper-right corner of the page to connect your wallet (such as the Bybit Wallet).

: Complete the available tasks listed under 

: Enjoy an exclusive 1.2x multiplier on your weekly leaderboard points when you use your Bybit Wallet to participate!

Beginner

nad.fun tutorial.png

How to complete Nad.fun tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in Belief Market for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Belief Market for the 

Task: Complete quests on Belief Market with your Bybit Wallet

 and enter your email address to sign up for the newsletter. Upon completion, you’ll receive 100 Belief Points (BPs) and a unique referral link.

: Use your referral link to invite friends and earn rewards at four milestones.

If you’re a Bybit user, you’ll be able to enjoy additional rewards for milestones 2, 3 and 4! For example, users who complete the third milestone will receive 2,000 BPs, while those who complete the fourth milestone will receive 4,000 BPs.

. The NFT rewards you’ve earned will be displayed in your profile.

: Once you’ve reached a milestone, you’ll receive an NFT representing your earned BPs and multipliers. This NFT will be sent to your Base wallet.

Your total BPs = (sum of all BPs) × any 3x multipliers you hold

Whenever you reach a milestone, you’ll receive an email from Belief Market. Reply with your blockchain wallet address, or join 

 channel and provide your address there. Once you receive your NFT, it represents your BPs. These NFTs will be converted to Belief Tokens when the token is released.

belief market tutorial.png

How to complete Belief Market tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in Plato for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Plato for the 

Task: Complete quests on Plato with your Bybit Wallet

: Sign up for an account through the exclusive 

: Enter your email address and phone number, and verify your account. 

: Download the Plato app and sign in to your account. 

Once the app is downloaded onto your device, simply eat to earn FAT rewards! 

At the end of the event, users with the top amount of FAT rewards earned on the Plato Testnet will win rewards!

plato tutorial.png

How to complete Plato tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in PumpBTC for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on PumpBTC for the 

Task: Complete quests on PumpBTC with your Bybit Wallet

: Once your wallet is connected, enter the amount you’d like to stake. Then, click on 

pumpbtc tutorial.png

How to complete PumpBTC tasks for the Bybit x Monad ecosystem airdrop

Candlestick

Trading

Understanding how inverted hammer candlestick patterns help you make better decisions in a trade. Learn how to critically identify such trends.

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Candlestick charts are an invaluable source of information for any trader. Despite the overwhelming 

 variants, it is still crucial to understand its functions. Supposed you’re analyzing the momentum or the market trend with an inverted hammer candlestick, here’s how you properly read and to apply it strategically. 

Generally, an inverted hammer is a type of candlestick pattern treated as a possible trend-reversal signal. As it is a well-known bullish reversal pattern, it mainly occurs at the end of a downtrend. The inverted hammer has a remarkable shape and clear-cut chart position make it recognizable among the others. 

The inverted hammer is a variation of the regular hammer pattern. Typically, it’s easy to identify a hammer pattern though there are exceptions. Of course, there are instances where the inverted hammer is mistaken as a shooting star pattern. They look almost identical with a small real body and a long upper shadow, but it marks the possible lowering turning point. That is why traders must be aware of everything about the peculiarities of patterns.

How Does an Inverted Hammer Candlestick Look Like?

The inverted hammer consists of three parts: a body and two shadows (wicks). A real body is short and looks like a rectangle lying on the longer side. The upper wick is extended and must be at least twice longer than the real body. However, the lower wick is tiny or doesn’t exist at all. This pattern bears such a name because its shape has some resemblance to an upturned hammer.

The hammer occurs when open, low, and close prices are approximately the same. The inverted hammer is generated in the downtrend or after it, and this is a mark of a highly probable trend reversal. It appears when bullish traders are ready to change the trend after bearish traders have knocked the prices downwards. When looking into the upper wick, it shows the bulls’ attempts to push the price up as high as possible. In contrast, the lower wick is caused by the bears, who strive to stand against the higher price.

The hammer represents a one-day bullish reversal pattern. Its real body can either be bearish (the open is higher than the close) or bullish (the close is higher than the open). But it doesn’t matter how it looks like. In any case, it will be viewed at the bottom of a downtrend, and the market line is expected to reverse. 

Any traders should be aware that no patterns can be utterly informative when being utilized or analyzed alone. Simple identification of the inverted hammer candle is not sufficient for successful trading, including (forex, stock, or even cryptocurrency).

 or the inverted hammer candle position, to consider when assessing a position. Supposed a trader is sure that he or she has identified the pattern correctly, it is necessary to start looking for other signals to confirm a possible reversal. However, this is a warning only but not a signal by itself to buy.

As the inverted hammer cannot be considered a decisive signal, it works well combined with some classic technical analysis patterns.

On the contrary, Double Bottom is one of the most robust reversal patterns. Its shape resembles the letter “W” as it consists of two consecutive lowest points that are nearly equal, with a moderate peak between them.

The inverted hammer at the second bottom on this chart confirms the Double Bottom, and both indicators signal the market moves up. A trader needs to wait for the market closure above the inverted hammer’s high to go long.

This is another technical analysis pattern that receives its name after the letter. Its shape looks like the letter V and appears when price momentum changes from an aggressive selling to an aggressive buying condition.

The inverted hammer typically forms before a trader enters the trade. So when the market closes above the high of the inverted hammer, it’s time to go long. Keep in mind that it is necessary to trade these both patterns with a support level, as it tends to bounce off the trends.

Of course, there are also other ways to use the inverted hammer in trading. For instance, traders can make a profit from the pullbacks in an uptrend. In this case, the inverted hammer indicates a possible entry on a pullback.

This pattern can be introduced into a profitable 

 if a trader considers some general considerations and scenarios. Since this is a bullish candlestick pattern, only the buying rules can be applied to it.

the possible price reversal points on the chart. These can be 

. It is tolerable to enter the trade after the confirmation candlestick formation. Such a strategy means there will be lower risks to enter a trade, but the purchase price will be higher, and the traders’ profits will be significantly lower.

. Traders set the stop-loss limits according to their trading views. But as a rule of thumb, they are 

 than the inverted hammer candle’s low price. It is crucial to follow the stop-loss strictly as trading the candlestick patterns can never be considered failing.

. Some important characters to be into consideration includes:

The Pros and Cons of an Inverted Hammer Candlestick

There is no ideal pattern that will work at any time in any situation. The inverted hammer is no exception. There are several obvious advantages of using this candlestick:

But these advantages are accompanied by disadvantages as well. The main disadvantage is common to all the strategies and scenarios. It may happen so that pattern will 

The inverted hammer candle may be a signal of a 

 but not a longer-term trend. Also, sometimes the additional confirmation is desirable, and this results in loss of profits.

 with its bearish variant, the shooting star mentioned above. They may miss the moment though the signal is evident.

Differences Between an Inverted Hammer and a Shooting Star

The form of these two candles is identical. A real short body is a combination of a long upper wick and a tiny lower wick (or no lower wick at all). Both can be regarded as a possible trend-reversal signal. But, the only distinction between them lies in the position they take in the chart.

The inverted hammer always appears as the 

 of the downtrend. On the contrary, the shooting star appears at the top of the trend and marks the possible downward price movement. In a nutshell, these two patterns are similar in shape. However, they provide traders with different signals.

Candlestick charts are an integral part of technical analysis. The chance for success depends much on how a trader is familiar with candle patterns and uses them for trading no matter what asset they prefer. A candlestick can not be a trade signal in isolation. Instead, it’s best to get an accurate and precise holistic point of view when interpreting the candlestick.

The confluence of factors makes the basis for market development, but not a single factor, and this fact cannot be ignored. The ‘Reversal trend’ is not meant to be taken literally. If the inverted hammer has appeared on the chart, it doesn’t mean that the price line would undoubtedly change and go in the opposite direction. It means the change of the market sentiment, so the traders should be readу to look for other symptoms of the nearest moves. An inverted hammer candlestick can certainly be a useful tool for those who can use it in combination with other signals.

Candlestick Patterns Professional Traders Use

 – A curated list of candlestick patterns most frequently used by traders

 – Learn the basics of candlestick patterns

 (Chart basics: trend, neckline, wedges)

How to Read the Inverted Hammer Candlestick Pattern?

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