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Bigpictureplan

TLM ❤️ Still good to enter! Here's why | Ichimoku SPOT TradeHey guys! Hope you are well! Here's my idea for this coin. TLM is still in a tight range, if you take a look at the bigger picture in the MONTHLY chart we can see this is clearly stuck in a box. So even though Market has been on a frenzy lately with memes coins blowing up, this coin hasn't kicked off at all. Didn't even break the range. HOWEVER, this makes it very attractive for those who missed other trains and are looking for a good coin that's trustworthy and that will pay off the hold. Per my strategy, here's how I manage buy zones: 1) I need to confirm the range and buying the lowest area of the range which was at about 0.011 -0.015 for this case. 2) We get a 1,2,3 move indicated a shift towards the upside and ideally testing resistance. If we get a reaction or even a retracement back to range, that's our cue to spot and enter the trade. 3) LATE but not least, we get a breakout of the range and go long on the breakout candle OR wait for a retracement to the box if you want to play conservative way. As per targets, what market gives as long as it keeps trading above the cloud. As simple as that. GL, all the best. Kina, The Girly Trader❤️
Long
by KinaStar
9
Weekly Market recap 11: Getting ready for the next legWhat's happening We've been consolidating for two weeks already, with the last week being more of downward pressure. The broad markets are consolidating near their respective resistance/support areas. The ultimate event I'm waiting for is the breakdown of 90.50 support and the continuation of the downtrend in DXY. I believe when we see that breakdown, the trend momentum opportunities will come in many fx pairs and stock indices. Strategy During the consolidations like now, it pays off to be patient and particularly picky, as the moves tend to be not lengthy and often choppy. For breakout traders, it's better to focus on the short-term consolidations with the numerous confirmation signals from the price action, and conservative profit targets.
TVC:DXYShort
by Cherry94
Weekly Market recap 10: Here we go!What's happening Last week marked the beginning of the continuation of the long-term downtrend in safe-havens. The market already offered short-term momentum opportunities at the initial move after DXY broke down the last support at 91.75. Currently, we're experiencing the first stop or apparently a minor pullback in the global risk assets, as each major asset tests its respective resistance level (support in case of safe-havens). DXY is mildly rebounding from the support around 90.50. Traders should be ready for decisive actions this week as the trend in risk assets (or a downtrend in DXY) may resume in any moment. Action plan There are two major price action scenarios I'd be interested in trading: a)Breakout of the current resistance level and the trend continuation. In the case of Indices, it pertains only to those, that are not overextended, such as DAX, S&P500 & NASDAQ100. If you look at Nikkei 225, it's been one of the strongest Asian markets since the beginning of November, so it'd be natural if it corrects before the trend continuation. b)Reversal of the short-term uptrend of the safe-havens in the context of selling the pullback of the long-term downtrend. For example, if DXY approaches 91.75, look for short-sell setups in USD and JPY pairs.
TVC:DXYShort
by Cherry94