Marginly x Ramses Trading Competition -> $50K of prizes on offer.

[Rozzinator]

Have any of you guys checked out Marginly? It just launched on Arbitrum.

Marginly is a novel leverage protocol that enables margin trading where it was never available before, offering users up to 20X leverage and empowering DEXs to tap into new functionality, enhanced liquidity, and higher trading volumes by serving as a margin trading and derivatives layer on top of AMM liquidity.

They've just launched a new YouTube video which showcases the app here -> https://www.youtube.com/watch?v=rFZE8TtAuzo

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[Rozzinator]

As for the markets available on Marginly so far:

ARB: continued moving higher in Asian session, don't see any opportunities now.
ETH: lagging behind ARB, struggling with 2400 level, while forming a good setup on 1H TF for uptrend continuation. Looking for longs from the current level (~2380), with the stop below 2360 and target around 2440.

[Rozzinator]

📢 The Marginly x Ramses trading competition is now LIVE!

🏆 Compete from Jan 4th to Feb 1st for a chance to win a share of the $50,000 prize pool.

Join the competition 🔗 https://ramses.marginly.com/arbitrum/trading-contest

[Rozzinator]

We're already 4 days into the Ramses x Marginly Trading Contest, with $50K in prizes up for grabs for traders on ARB/USDC and ETH/USDC pairs!

Traders entered the contest with a bullish outlook on ETH, but things cooled down over the weekend. A similar sentiment was observed for ARB. With the impending bitcoin ETF decision looming, this week could be a game-changer for both assets!

What are your predictions for ETH and ARB this week, traders? Will it be a long or short position?