Bounce
INJ/USDT - A Quick Trade#INJ/USDT #Analysis
Description
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+ Price is at the current support level and i could see price retracing back to it's bullish trend
+ I'm expecting price to hit the its resistance level
+ I see a good long trade opportunity, i'm entering with 1% Risk
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VectorAlgo Trade Details
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Entry Price: 38.0
Stop Loss: 33.9
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Target 1: 41.8
Target 2: 46.0
Target 3: 52.1
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Timeframe: 4H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
LINK - Bounce and go up ^#LINK/USDT #Analysis
Description
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+ LINK is showing good bullish momentum and price retraced back and now it is bouncing back
+ This retracement is a good opportunity for a LONG trade
+ I'm entering a long trade with a good distance to the stop loss.
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VectorAlgo Trade Details
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Entry Price: 19.4
Stop Loss: 15.78
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Target 1: 22.4
Target 2: 25.03
Target 3: 28.9
Target 4: 35.9
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Timeframe: 1D
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Bitcoin TA: Key Levels & Bounce-Back on Daily! 📈 March 23, 2024The identified critical pivotal Bitcoin price target level of interest was ambitiously placed in the $68,472-$69,200 range: this was an area the price was likely to reach based on the historical resistance or upcoming price patterns. On the flip side, the two pivotal levels of interest reflecting potential critical support are around $60,600 and $58,000; as the levels the market price would stabilize and possibly rally to the top in case of a move below 🎯. This occurs when the price potential zone acted as a resistance just before. The following recent Bitcoin positive is a commendable price bounce from the $62,300 line. Recovery from a swing high area or group of swing high areas, or three or more little swing highs of the direction of the preceding swing low; Any drop before the price increase was relatively successive in the daily or lower chart time frame; No adequate preparation necessary. These technical indicators aid in creating a strategic framework that allows trading to predict price levels and areas where the market is balanced or unstable 🔄. As always, a trader should combine these short-term insights with wise risk management and a close eye on the news or trending indicators.
INJ - Holding strong in support and expected to bounce backAs you can see in the chart, this is the 4th time INJ is bouncing back from support and showing a bullish sentiment. We can this trend to continue and the next target for INJ is around $70
Entry level: $ 28-32
Stop loss level $ 23
Target 1: $39
Target 2: $45
Target 3: $ 59
Target 4: $ 69
Max Leverage: 2x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
ROSE - Next Target is {MOON}BINANCE:ROSEUSDT (4H CHART) Technical Analysis Update
ROSE is currently trading at $ and showing overall bullish sentiment
We can expect consolidation around this are and then its headed straight to the next resistance.
Since the overall market is expected to bullish for next 1-2 years, this trend is gonna hold and easily reach previous ATH
Entry level: $0.10972 - 0.11524
Stop loss level $ 0.8814
Target 1: $ 0.13714
Target 2: $ 0.18240
Target 3: $ 0.26309
Target 4: $ 0.32524
Max Leverage: 2x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
ATOM/USDT - Support Holding Strong and expecting bounce backBINANCE:ATOMUSDT (4H CHART) Technical Analysis Update
ATOM/USDT is currently trading at $9.006 and consolidating around the strong support area at 8.784-9.006
We can expect the price to consolidating around the above range for next few dance and i'm expecting the price to bounce back from this.
If the price bounce backs we have a nice LONG trade with a good potential profits.
Long Entry level: $9.374 (After Breakout)
Stop loss: below $ 8.187
Target 1: $9.809
Target 2: $10.314
Target 3: $ 10.973
Target 4: $12.083
Max Leverage: 5x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
ORDI/USDT - Bouncing back from the supportBINANCE:ORDIUSDT (1D CHART) Technical Analysis Update
ORDI is currently trading at $68.261 and showing overall bullish sentiment as the price bouncing back from the support. We have good opportunity for Long trade as we can expect the price to hit the resistance line.
Entry level: $ 68.261
Stop Loss Level: $ 55.12
TakeProfit 1: $ 75.84
TakeProfit 2: $ 84
TakeProfit 3: $ 96
Max Leverage: 3x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
ORDI Dump is Over, Pump is Incoming 🎁#ORDI/USDT Analysis
Description
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+ ORDI is clearly around the support zone, i see two support zone for the ORDI to bounce back from
+ 1st Support is around 59.794 and second one is around 56.266 I'm expecting the ORDI to bounce back between these two support zones
+ If the this support range breaks then we are looking at further crash and consolidation around the are 48.89
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VectorAlgo Trade Details
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Entry Price: 59.7998 (After bounce back)
Stop Loss: 54.73
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Target 1: 64.17
Target 2: 67.87
Target 3: 73.394
Target 4: 79.59
Target 5: 86.34
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-20x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Bad earnings good opportunityThe market punished this one after earnings call. Price just landed on a support zone. Look how it went up from the trendline the last two times. Very aggressively. If you can to speculate open a small position. Or wait for a set in lower timeframes. I'll keep it in my watch list.
CRV is showing Clear Divergence +1100% Profit Potential---------------------------------------------------------------
Description
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+ The analysis reveals a clear RSI bullish divergence, signaling an imminent reversal in price dynamics. This divergence pattern often precedes a significant uptrend, suggesting that a rebound is on the horizon. Investors keen on technical indicators would find this development particularly noteworthy, as it hints at a shift in market sentiment towards bullishness.
+ The prospect of a substantial profit of 1100% without the need for leverage underscores the attractiveness of the impending price recovery. Such a potential windfall without leveraging positions speaks volumes about the strength of the anticipated uptrend. It presents an opportunity for traders to capitalize on the market's natural movements without taking on additional risk through leverage, a strategy that aligns with conservative yet profitable trading approaches.
+ At present, the asset's price finds itself comfortably nestled within a supportive price zone. This zone, historically significant in providing a floor for price movements, serves as a solid foundation for the anticipated bounce-back. Market participants monitoring this zone with keen interest anticipate a swift turnaround, driven by both technical indicators and historical price behavior. This expectation adds weight to the likelihood of a bullish resurgence in the near future.
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VectorAlgo Trade Details
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Entry Price: 0.3973 - 0.4797
Stop Loss: 0.3696
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Targets 1: 0.7353
Targets 2: 1.1190
Targets 3: 1.5840
Targets 4: 2.1276
Targets 5: 3.1282
Targets 6: 4.6582
Targets 7: 6.7875
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Timeframe: 1W
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
Looking at Possible Dead Cat Bounce Levels After TSLA EarningsDepending on investor sentiment, I am expecting 3 possibilities, listed from most positive to least positive investor sentiment:
In Purple (most positive): Bounce to $196-$198 fib levels, decaying to $188-192 range.
In Yellow: Bounce to $192-$194 fib levels, decaying to $184-186 range.
In red (worst): Little to no bounce, very pessimistic view on stock, decaying straight to $180-182.
If we hit red, or maybe even yellow, we are looking at a rough 2024 (See my triple top and dip Idea.)
Polkadot double bottom?Volume is pumping!
After getting kicked out on my last trade I am back in!
First target is more than 5%.
Have any of you been stacking?
They are one of the most active ecosystems and have a bright future I believe.
I will stake more of this purchase also
NOT FINANCIAL ADVICE!!
Understanding the "Dead Cat Bounce" in TradingIn the dynamic world of trading, one peculiar phenomenon that often catches investors' attention is the "Dead Cat Bounce." This term, as bizarre as it sounds, is a crucial concept in technical analysis and market psychology. It refers to a temporary recovery in the price of a declining stock, followed by a continuation of the downtrend. This article delves into the nuances of the Dead Cat Bounce, helping traders recognize and navigate this pattern effectively.
What is a Dead Cat Bounce?
Originating from the saying, "even a dead cat will bounce if it falls from a great height," this metaphor is used to describe a brief and false recovery in a bear market. Essentially, it's a short-lived rally in the price of a stock or an index following a substantial decline, misleading some into believing that the downtrend has reversed.
Characteristics of a Dead Cat Bounce
Precipitating Sharp Decline: Typically, a Dead Cat Bounce occurs after a significant and rapid drop in price.
Temporary Rebound: The stock or index experiences a brief period of recovery, which may be mistaken for a trend reversal.
Resumption of Downtrend: The initial downtrend resumes, often eroding the gains made during the bounce.
Identifying a Dead Cat Bounce
The key challenge for traders is differentiating between a true market recovery and a Dead Cat Bounce. Here are some indicators:
Volume Analysis: A genuine recovery often accompanies increasing trade volumes, whereas a Dead Cat Bounce may occur on lower volumes.
Duration: Dead Cat Bounces are usually short-lived, lasting from a few days to a couple of weeks.
Technical Indicators: Tools like moving averages, RSI (Relative Strength Index), and Fibonacci retracements can aid in identifying these patterns.
Trading Strategies for Dead Cat Bounces
Short Selling: Traders might short sell a stock during a Dead Cat Bounce, anticipating the resumption of the downtrend.
Stop-Loss Orders: Setting strict stop-loss orders can mitigate risks if the bounce turns out to be a genuine reversal.
Patient Observation: Sometimes, the best strategy is to wait and observe the price action for clearer trend confirmation.
Case Studies and Examples
Analyzing past instances of Dead Cat Bounces can be educational. For instance, examining the 2008 financial crisis or the dot-com bubble burst reveals classic examples of this phenomenon.
Conclusion
The Dead Cat Bounce is a fascinating aspect of market behavior, representing the constant battle between optimism and reality in trading. Understanding this concept is not just about recognizing a pattern but also about grasping the underlying market psychology. As always, traders should approach these scenarios with caution, equipped with sound research and a well-thought-out strategy.
🔥 TRB First Oversold Bounce In 2 MonthsTRB has been one of the biggest winners of the last two months, doing a 14x whilst most other crypto's only did a 2x-3x.
It was a matter of time before TRB corrected. Patient bulls like myself have been waiting for this opportunity.
Since TRB hit oversold levels on the 4H chart for the first time since late September, this might be the perfect time for bulls to step in for a swing-trade position.
Stop below the recent swing-low, target at 230$.
US500 expecting a bounce? Here are my thoughts.US500 (Daily Chart)
I'm expecting a bounce to ~4260/70 area. Here's why.
Looking at the AVWAP (Blue lines) from the January 2022 highs and October 2022 lows, we were bound to see some level of support here. I've been saying this for some time now that we'll reach at least 4100.
Given the strong confluence of support around this area (the AVWAP and the horizontal level), I'm expecting a bounce from here. The target for the bounce would be somewhere around the 4260/70 area. If you look at the previous rallies in this correction they're both ~4.7% from the lows of the down moves. If we consider this to be the low of the move, ~4.7% lines up with the 4260/70 area along with the white trend line and potentially with the 50EMA as well, by the time price gets there.
What will determine if this rally will stick or not will be the volume behind the moves. If you look at the volume in the previous rallies you can see that the volume was decreasing quite a bit and rose again as the price began to move lower.
If this rally is to be sustained, we're going to need to see volume and broader participation from the market, otherwise, if/when we get to the 4260/70 area we'll see the next leg lower.
Of course, there will be levels of resistance along the way such as the 4170 area and the 4210 area.
As always, be sure to DYDD and be sure to manage your risk.
Bullish Bounce on SE.
As you can see here on this daily chart, we are approaching this weekly support line. I am going to wait for a bounce off this line with high volume and a strong green Heikin Ashi candlestick. This is a great opportunity and the contracts are looking good. I would not trade this within the week of earnings because of the potential volatility so I would look for a move this upcoming week. Thank you for taking the time out of your day to look at my analysis.
Trade Signal | Bounce Token (AUCTION) is ready for upto 17% pumpHi dear friends, hope you are well and welcome to the new update on Bounce Token (AUCTION) with US Dollar pair.
Previously we caught almost 90% pump of AUCTION as below:
Now on a on a 2-hour time frame, AUCTION has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
NVDAPossible head and shoulders set up. I think we bounce here off the neckline back to around 460. This is just from a technical view news could possibly alter this but I was right on the recent drop to 420 so I think a move back to 465 should be appropriate and NVDA makes large 20pt moves like nothing so its really not that big of a move in reality.
AUD/CADIt has touched the 3x both downwards and upwards! This could lead to a breakout! The exchange rate has been unable to move normally for many days now, they just keep jerking it around. Based on the news, I expect that this week they will pull it up, and we can finally stay above the weekly level, and then the rally can start! What is your opinion on this?
📈🚀 Exciting NASDAQ Buying Opportunity! 🚀📈Fellow traders, listen up! We've got a promising setup on the 4-hour timeframe for NASDAQ that's worth your attention:
📌 Technical Analysis Highlights 📌
💰 Reversal Strategy: After securing nearly 1000 points with short positions, it's time for a strategic shift towards buying opportunities.
🦇 Bullish Bat Pattern: The price action has completed the D leg of a bullish bat pattern, signaling the potential for a bullish reversal.
📈 RSI Confirmation: The RSI is in highly oversold territory, providing a strong confirmation of the setup.
🕯️ Candlestick Insight: Notably, the price is already bouncing, setting the stage for a potential rise during the American session this afternoon.
With these compelling technical signals, it's a prime time to consider a long position on NASDAQ. Keep a keen eye on the American session for potential market-moving developments.
Aim for the 0.382 fibonacci as a TP1 and the 0.618 as the target
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀