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Analysis Update for FILUSDT - 1H Dear investors, I would like to provide you with an update on FILUSDT, highlighting the current retest of the resistance zone at 5.53. Additionally, I want to discuss my price targets and associated risk management. Current Situation: At the time of this update, FILUSDT is retesting the resistance zone at 5.53. This level is crucial as it has historically posed significant challenges for upward movements. Price Targets: Following my analysis, my price targets are as follows: First Target: 6.00 - This area has been identified as the initial target, based on a thorough analysis of support and resistance levels, as well as technical patterns. Second Target: 6.50 - Extending further, the next target is set at 6.50, supported by technical indicators and a comprehensive market context analysis. Risk Management: To achieve these targets, I have implemented a risk management strategy: Accepted Risk: 5% - I have decided to risk 5% of my initial position on this trade. Anticipated Reward: 17% - My goal is to gain 17% on the trade. Risk/Reward Ratio (RR): 1:4 - With a 1:4 RR, I ensure that potential gains significantly outweigh anticipated losses. Possible Scenarios: Achievement of Targets: If the price reaches the targeted levels, a reassessment of the situation may be necessary to determine new opportunities or adjust the strategy. Rejection from Resistance: In the case of rejection, I am prepared to review my position and readjust the strategy accordingly, considering potential support levels. Conclusion: The current strategy focuses on clear price targets, prudent risk management, and flexibility to react to changing market conditions. It is important to stay informed about market developments and adjust the strategy accordingly. Please note that this analysis is based on the current market situation and is subject to changes. Ensure to continue monitoring the market and making informed decisions. Best regards,
Long
by CRYPTO_SETUP
Look!Outstanding Bitcoin Evening Star Doji Setup on The Week!Here on the week by week graph, we can see that cost has printed half of a tremendous night star doji example, and it's a course book development up to this point. Since the start of February, cost has been in an uptrend (pink channel) on the week after week graph. Be that as it may, we printed a gigantic bullish flame after we detonated over the week by week 200 EMA (in purple.) Price hit a roof however, directly at the week by week 50 EMA (in orange.) As you can see, the present light is as a doji star. Thus, I figure this week by week flame will close tomorrow night, and we will start the following week by week light. Along these lines, on the off chance that we close this flame as a doji star, it will have mostly finished a course book evening star design on the week after week time period. A significant number of you are most likely pondering what that implies. All things considered, a night star is a bearish inversion development. Normally, the bullish flame that ascents before the doji star, is totally deleted on the opposite side of the doji . At the end of the day, if this example happens, one week from now could totally eradicate the additions that we have seen, since the breakout over the week by week 200 EMA . I've appeared different investigations how we were simply dismissed at the highest point of an enormous uptrend channel , and I've indicated how we could come back to the base of that channel. For illumination, see the past BTC examination connected beneath. This example is proposing that we could see a tumble to the base of that channel, and conceivably even lower. As I have highlighted in different examinations, you can see that there is a major frightful red bolt on the graph, demonstrating how BTC could clear out a gigantic measure of significant worth one week from now. That is on the grounds that for this example to finish itself, we would need to see a ground-breaking bearish finish on the inversion. Remember, this example isn't finished. Be that as it may, it is set up splendidly to satisfy itself. The energizing part, is that in the event that we do see a dangerous retracement back to the 200 EMA (in purple) one week from now, that probably won't be the finish of the selling. Actually, evening stars frequently produce a few candles of drawback continuation on the back of the example. Along these lines, we should perceive how this plays out. I simply needed to draw it out into the open, with the goal that all of you comprehend the potential drawback hazard. The week by week 50 EMA has ceased BTC dead in it's tracks. Starting here, the undoubtedly heading we will cross, is to the drawback in the coming weeks. To anybody out there who is a candle design addict, considering how this is a "course book" evening star setup, without a hole up to the doji , I just make them thing to state — this is Bitcoin . It's a 24 hour market. There is anything but a solitary hole on this diagram. Subsequently, I have rejected that course book prerequisite. This data isn't a suggestion to purchase or sell. It is to be utilized for instructive purposes only.***
BNC:BLX
by BestFxNews
2