Altcoins
VIB/USDT %531 Daily Volume SpikeVIB/USDT has experienced a 531% increase in trading volume , which suggests a surge in interest and potential for volatility. By leveraging techniques like Heatmap Analysis , Cumulative Volume Delta (CVD) , and Volume Footprint , we can pinpoint precise demand zones and trading opportunities.
Key Indicators and Techniques:
Heatmap Analysis:
Heatmaps reveal areas with significant bid clusters, helping identify key demand zones.
These zones often align with institutional or large trader activity.
Cumulative Volume Delta (CVD):
Look for divergence between price and CVD:
If price is flat or falling while CVD rises, it signals hidden buying pressure (bullish).
If price is rising while CVD decreases, it suggests distribution and potential reversal (bearish).
Volume Footprint:
Use footprint charts to spot imbalances between buyers and sellers.
Areas with aggressive buyer dominance typically mark strong support levels.
Analysis on the Chart:
Demand Zone (Blue Box):
Identify a demand region where significant volume spikes occurred.
This zone is likely an accumulation area and acts as a potential support level.
CVD Divergence:
Watch for divergence between price and CVD:
Bullish divergence = buying pressure.
Bearish divergence = potential reversal or distribution.
Breakout or Rejection:
Monitor price action at the blue box:
A breakout with volume confirms bullish continuation.
A rejection may signal a pullback to lower levels.
Volume Confirmation:
Ensure any breakout or breakdown is supported by strong volume to avoid false signals.
Trading Strategy:
Long Setup:
Enter near the blue box if supported by CVD divergence or volume imbalance.
Target resistance levels or Fibonacci retracements.
Final Notes:
Always wait for volume confirmation before entering trades to avoid false breakouts or breakdowns.
Use proper risk management and limit leverage to safeguard capital.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
ATMUSDT: Potential for Movement and Key Demand ZoneI believe that Fan tokens could experience some significant movement in the near future. The demand zone I’ve identified looks promising and could act as a strong support area for a potential price reversal.
With growing interest in these tokens and market conditions aligning, this could be a key opportunity to watch. I’m keeping an eye on this demand zone for a potential entry point if the price reacts positively here.
Key Points:
Fan Tokens: Anticipating a possible surge in activity.
Demand Zone: A strong support area where price could reverse.
Watch For Entry: Looking for a reaction at this zone before considering entries.
If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
FORTHUSDT Analysis: Monitoring Key Buyer Zones My previous analysis on FORTHUSDT was spot on, as you can see in this link: FORTHUSDT: Sniper Entry +%26 Reaction .
Currently, we still have buyer interest , but the overall market conditions are weak . If the first blue box is lost, I will avoid any entries until the lower blue box , which represents a stronger demand zone.
Key Points:
Buyer Interest: Present, but market sentiment remains fragile.
First Blue Box: Critical zone; losing it invalidates entries here.
Lower Blue Box: The next significant demand area for potential entries.
If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
If you'd like to learn how I use heatmaps, cumulative volume delta, and volume footprint techniques to identify highly accurate demand regions, feel free to send me a private message. I'm happy to assist anyone interested, with no charge or obligation.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
LPTUSDT Analysis: A Unique Pump Among AltcoinsLPT has been one of the few altcoins to pump from a meaningful level recently, setting it apart from others in the market.
I find it logical to consider buys below the red line , as this aligns with the key demand regions I have identified. Using advanced tools like heatmap , cumulative volume delta (CVD) , and volume footprint , I pinpoint highly accurate zones where buyers are likely to dominate.
Key Points:
Unique Performer: LPT stands out as the only altcoin with a meaningful pump recently.
Red Line Zone: Below this line, buy entries are worth considering.
Techniques Used: Heatmap, CVD, and volume footprint to identify demand regions.
If you'd like to learn how I use these techniques to determine accurate demand regions, just DM me!
If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. You can find me as XU99Official in every platform.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Volume Spike and High-Value Demand Zone ThereWINGUSDT Analysis: Volume Spike and High-Value Demand Zone
There is a 135% daily volume spike in WINGUSDT, highlighting increased activity and interest.
The blue box is a highly valuable demand zone from multiple perspectives. I utilized heatmap , cumulative volume delta (CVD) , and volume footprint techniques to pinpoint this area with precision. These tools help identify regions where buyers are likely to step in aggressively.
Key Points:
Volume Spike: 135% increase indicates significant market interest.
Blue Box: Carefully identified as a key demand zone using advanced techniques.
Techniques Used: Heatmap, CVD, and volume footprint for precision mapping.
If you'd like to learn how I use these techniques to find accurate demand regions, just DM me!
If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. You can find me as XU99Official in every platform.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Fate of altcoin maket If you look at CRYPTOCAP:BTC.D you can notice that what we called "start of altcoin market" was merely 3 week BTC dominance retrace and when true altcoin market starts, you will notice it by very fast change of narrative and rapid altcoin market growth.
Anyway, I suppose that movements of Altcoin market capitalization will follow some sort of Elliot waves pattern (something like that).
However this altcoin cycle may happen in a very different nature and mostly will be comprised of memecoins, so your old altcoin bought 4 years ago might stay worthless regardless of the altcoin bullish market
SOL - Targeting $300...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈SOL has been bullish from a macro perspective, trading within the rising channel in blue.
Currently, SOL is in a correction phase approaching the lower bound of the channel.
Moreover, the $160 zone marked in green is a strong demand!
📚 As per my trading style:
As #SOL approaches the green demand zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) and target the $300 round number for the next bullish phase.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#Altcoins Q4 2020 x Q4 2024#Alts market cap TOTAL2 After making a major rise after the US elections in November 2020, it made a major correction towards mid-December and started a parabolic run after being rejected from the ($177.8B) Fibonacci 0.5 support.
Altcoins, which made a major rise after the US elections in November 2024, started a major correction phase in mid-December,
It will not be surprising if the correction ($1.19T) continues up to the Fibonacci 0.5 level and starts moving upwards from the current level.
Altseason is cancelled for now.USDT.D shot up like a rocket during this crash, while Total3 is in freefall.
BTC only took a -4% hit, but the altcoin market? A brutal -8%.
It’s clear: CRYPTOCAP:BTC and those ETF approvers are running the show, draining liquidity from retail investors to keep pumping BTC at the expense of altcoins.
I warned you—invite these guys to your party, and they’ll clean out the buffet.
If you’re holding altcoins, all you can do is hang in there and hope BTC throws some karma their way.
Phemex Analysis #45: Pro Guide to Enter ENA - The DeFi Giant!Ethena Labs, the force behind the ENA token ( PHEMEX:ENAUSDT.P ), is making waves in the decentralized finance (DeFi) space. Its synthetic stablecoin, USDe, recently became the third-largest stablecoin by market cap, marking a milestone for decentralized finance. Adding to this success, Ethena introduced USDtb, a stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). This strategic partnership bridges the gap between traditional finance (TradFi) and DeFi, offering a credible and secure platform for institutional investors to participate in the evolving digital asset space.
ENA holders stand to benefit significantly from these developments. As the native token of the Ethena ecosystem, ENA is central to governance, stability mechanisms, and incentives tied to USDe and USDtb. With a growing ecosystem and increased adoption, ENA’s value proposition continues to strengthen, presenting a compelling opportunity for traders and investors.
When to Enter ENA?
The market for ENA/USDT is dynamic, influenced by broader crypto trends, including Bitcoin’s price movements. Key support levels offer potential entry points for different risk appetites:
Weak Support: $0.90
This level might hold if Bitcoin maintains its current momentum. However, if Bitcoin drops to the $90,000 area, this support could break.
Medium Support: $0.79 & $0.68
These levels present a higher probability of entry and are ideal for traders seeking to accumulate ENA while managing risk effectively.
Strong Support: $0.60 & $0.50
If the market takes a bearish turn, these levels are likely where the price will stabilize, offering a safer entry for risk-averse investors.
Entry Strategy for ENA
1. Placing Entries Near Support Levels
Decide your risk tolerance and position accordingly:
• For aggressive traders, consider entering at higher support levels, such as $0.90 or $0.79.
• For risk-averse investors, place orders closer to $0.68 or the stronger supports at $0.60 and $0.50, though you may risk missing the entry if the price rebounds early.
2. Utilizing Scaled Orders on Phemex
Phemex’s scaled order feature is an excellent tool for entering positions.
For Example: If your target is the medium support range ($0.79-$0.68), set a scaled order to gradually accumulate ENA across this range. This approach minimizes risk while ensuring you don’t miss out entirely if the price rebounds from higher levels.
Conclusion
The recent positive developments surrounding ENA, including the success of USDe and the introduction of USDtb, highlight the token’s growing importance in the DeFi landscape. These innovations are likely to attract significant capital inflows, benefiting ENA holders as the ecosystem expands.
By carefully selecting entry points and employing strategies like scaled orders, traders can position themselves to capitalize on ENA’s growth potential while managing downside risk. Whether you are a high-risk investor targeting immediate support levels or a conservative trader waiting for deeper corrections, ENA presents a compelling opportunity to participate in the DeFi revolution.
Trade wisely and leverage these strategies to secure your place in the future of decentralized finance.
Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Altcoins season has not even started!As you can see we are in the same spot that last cycle. BTC running avove previous ATH and total2 still bellow previous top. Once btc gets close to the top altcoins are going to explode, see how LMACD of Total 2 is not even close to the top of the descending diagonal. Scoop some alts now, next 12 months should be bright.
RENDER SWING LONG OPPORTUNITY - CRYPTO MARKETPrice is reaching to Price is approaching the monthly demand zone, aligning with a massive bearish trendline originating from Spring 2024. Additionally, there’s confluence with a key Fibonacci level. I anticipate a bounce from this area, potentially leading to new highs or even all-time highs.
As always, wait for lower time frame confirmations before initiating the idea.
Reason to worry on Alts?With Bitcoins huge institutional backing seeing it far surpass $100k and reaching a new high of $108k, it's easy to say that the biggest cryptos future looks bright, but what of altcoins? Looking at the TOTAL3 chart there are a few key points I'd like to highlight, some positive and some negative:
4H 200 EMA - This moving average is so important for the short/mid term bias. In a bear market we very rarely see trading above the 4H 200 EMA and vice versa in a bullmarket. Currently TOTAL3 is retesting the MA as support, with first tap wicking below and then a move back above, this is positive so far showing that buyers are willing to step in at this level. Bullish.
Bearish structure forming? - At its core, trading is simple. You buy low and sell high, now we all know there is more to it than that but the basics are still the most important. The trend is your friend, so lets analyse the trend.
Clear Higher high and Higher lows ever since the US election result, bullish structure/trend. However, we recently got our first Lower high since then and now the question is will we get a Lower low to flip the structure bearish? So far that is not the case ass the 4H 200 EMA swooped in to save the day but if price were to dip below the Daily support we'd have a trend flip on the 4H.
Since that is an IF, lets see what is happening now, a tightening of the highs and lows would equal an accumulation phase and in this instance an accumulation phase after a strong rally is a setup for the next leg which is bullish. Just got to keep an eye on that structure for now.
The formation of a downtrend - This ties into the structure point, like how we saw 8 months of "chop" on BTC which in reality was a downtrend after a strong rally, this chart pattern is looking similar to 4H TOTAL3 we see now. If we see a new LL at the downtrend support level I will switch to trading TOTAL3 as a range until proven otherwise.
BTC Dominance Chart - BITCOIN DOMINANCEBTC Dominance is the most important chart to follow to understand whether the crypto market is in an altcoin or Bitcoin season.
"We had a great projection regarding the Bitcoin Dominance bearish shift around the 60% level, and it played out perfectly. I’ve linked that projection to this post for reference.
Currently, Bitcoin Dominance is testing the weekly supply zone as a bearish retest. This aligns with the premium side of the Fibonacci, adding to my conviction that we’re likely to see a bearish reversal from here, forming a lower high. This lower high could potentially trigger another leg down in dominance, setting the stage for a strong altcoin season.
I expect this shift to happen very soon.
Are You Scared About Altcoins? Huge Pump Ahead!Hello, Skyrexians!
Recently we focused on Bitcoin and Dominance analysis because it's much more important than analyzing any particular altcoin. Growth on altcoins cannot be counted a right prediction without Bitcoin Dominance drop. Today we are going to look in details on the wave 5 of CRYPTOCAP:OTHERS.D which we have already considered in our previous analysis on the higher time frame.
Today let's take a look at the daily time frame inside the global wave 5. It has pumped in November and it was just the wave 1, which has been finished with the red dot on the Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
This wave 2 has the ABC shape and finally it touched 0.61 Fibonacci. Now it's forming the green dot and if this signal will be confirmed with daily candle close our scenario is likely to be valid. OTHERS.D is going to print the wave C which has the target between 16% and 20%. This is huge potential gains for all altcoins you have.
Best regards,
Skyrexio Team
___________________________________________________________
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KASPA - Poised for an Upward Trajectory (TA+TRADE PLAN)Technical Analysis of KASPA (KAS/USDT)
Falling Wedge Pattern:
The chart indicates a classic falling wedge pattern, a bullish reversal formation. The price is approaching the breakout point where resistance has converged with support, as marked on the chart.
The breakout above the resistance line suggests a potential upward trend.
Volume Analysis:
A spike in trading volume near the breakout area confirms increased interest and possible momentum shift.
Momentum Indicators:
VWMCipher B Divergences: Displays bullish divergence, supporting a potential price increase.
RSI (Relative Strength Index): At ~27, indicating oversold conditions. This signals a potential upward price movement as the asset appears undervalued.
Arty Money Flow Index (MFI): At ~24, indicating an oversold condition with possible accumulation.
Stochastic Oscillator: Oversold levels at 32.5, crossing upwards, indicating a buy signal.
Potential Targets:
Short-Term Target: $0.14 (breakout confirmation).
Mid-Term Target: $0.18 (previous resistance level).
Long-Term Target: $0.22–$0.24 (major resistance zone from earlier trends).
Risk Level:
Support at ~$0.12. A breakdown below this level invalidates the bullish thesis, making this a critical stop-loss level.
Trading Plan
Entry Points:
Initial Buy Zone: Enter near the breakout point (~$0.128-$0.132) to capitalize on bullish momentum.
Confirmation Entry: Add to the position once price closes above $0.14 with strong volume.
Stop Loss:
Place a stop-loss slightly below $0.12 (e.g., $0.118) to limit downside risk if the breakout fails.
Profit-Taking Strategy:
First Take-Profit (TP1): At $0.14 (~10% gain) to secure initial profits.
Second Take-Profit (TP2): At $0.18 (approximately 40% gain from entry).
Final Target (TP3): $0.22-$0.24 for long-term holders seeking maximum gains.
Position Sizing:
Allocate 2–5% of your portfolio, depending on your risk tolerance. Keep capital reserved for potential averaging down if needed.
Trailing Stop:
Implement a trailing stop once the price exceeds $0.18 to lock in profits while allowing room for further upward movement.
Risk Management:
Maintain a Risk-Reward Ratio of at least 1:3. Adjust trade size to manage risk effectively.
Monitoring:
Regularly check volume trends, RSI levels, and significant market news affecting KASPA.
Be cautious of overall cryptocurrency market sentiment, as broader trends often impact altcoins.
This falling wedge setup, combined with oversold indicators and volume confirmation, suggests KASPA is primed for a bullish breakout. Stick to the trading plan and employ disciplined risk management to maximize returns while minimizing potential losses.