The 44$ zone is still a big problem with WING, and it's a little early to conquer this zone at the moment, but it has bigger chance to move down to 36$ zone to generate new rally up to 76$ zone
📈RED PLAN -Buy: 35-37$. SL if B
-Buy: 43-45$ if A. SL if B
📉BLUE PLAN -Sell: 43-45$ if B. SL if A
-Sell: 52-55$. SL if A
-Sell: 74-78$. SL if A
🟣PURPLE PLAN -Sell: 35-37$ if B. SL if A
-Buy: 27-29$. SL if B
❓Details 🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Wing is building a credit-based Decentralized Finance (DeFi) platform dedicated to the digital asset lending market, supporting cross-chain asset and protocol interactions.
The project aims to support two types of lending activity:
Over-collateralized lending where users can deposit assets whose value is 125% or higher than that of the assets borrowed.
Credit-based lending where users with an OScore can deposit assets whose value is 80% or higher than that of the assets borrowed. According to the initial platform setting, users with an OScore will generally be able to borrow assets totaling a value equivalent to 20 - 500 USD, with the upper limit being 1,000 USD.
The WING token has the following planned use cases:
Voting for new product development, platform parameters, allocation of community funds, etc.
Interest discounts when paying interest to the platform.
Purchasing insurance contracts to hedge financial exposure in the platform.
According to the initial platform setting, 68.50% of WING tokens will be allocated as community incentives and distributed as follows:
50% to the Lending Pool, or to users who receive interest by depositing assets for others to borrow.
40% to the Borrowing Pool, or to users who borrow assets and pay interest to the platform.
10% to the Margin Pool, which stores the funds that the platform deducts from interest payments and is used for paying contract breaches. Users will be able to deposit assets to the Margin Pool, and receive WING for doing so.