GER40 Trade LogTrade Setup (31/10/2024) - GER40 Long in 4H FVG
1. Setup: Enter long within the 4-hour Fair Value Gap (FVG), identifying this zone as a potential support area for a bullish move.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Confirmation: Look for bullish reversal signals or strong support within the 4H FVG, such as a bullish candlestick pattern or rejection wick.
3. Stop-loss and take-profit:
- Place stop-loss just below the lower boundary of the 4H FVG to manage downside risk.
- Set take-profit at twice the distance of the stop-loss to maintain a 1:2 RRR.
4. Additional considerations:
- Monitor European market sentiment and any upcoming economic news that could impact GER40.
- Wait for clear bullish signs within the FVG to ensure a higher probability of a successful trade.
This approach focuses on capitalizing on potential bullish momentum if price finds support in the 4H FVG.
Fundamental Analysis
#GRTUSDT: Massive Breakout or Reversal Ahead?Yello, Paradisers! Are we standing on the brink of a major breakout for #GRTUSDT? Let’s dive in to see what might be unfolding for this token.
💎#GRTUSDT has been trading within a well-defined descending channel and is now poised at a critical juncture. Recently, we’ve seen the price regain momentum at a key demand zone, increasing the likelihood of a breakout above the descending resistance. What makes this setup compelling is that, despite the usual pattern of lower highs and lower lows associated with a descending channel, the price has failed to break previous lows. Instead, there’s evidence of growing bullish momentum, suggesting a possible continuation to the upside.
💎For a confirmed bullish move, #GRT must break above the minor resistance level at $18.26. This breakout needs to be supported by significant buying pressure, such as robust engulfing candles and steady upward momentum. However, jumping into long positions immediately after breaking descending resistance can be risky. A wise trader waits for solid confirmation rather than acting impulsively.
💎But what if momentum fails? If #GRT cannot breach the $0.1809 resistance, it would indicate weakening bullish strength, giving sellers an opportunity to take control. The critical level to watch in this case is the lower support at $0.1166. This area has historically been a stronghold for buyers and could keep the bullish scenario alive if prices rebound. Yet, a break below $0.1166 would invalidate the bullish setup and could lead to a sharper decline.
The upcoming move for #GRT will be pivotal. Whether we witness a breakout or a reversal, disciplined risk management will be our greatest asset. Remember, success in trading comes to those with patience and a well-thought-out strategy. The market rewards those who trade smart, not impulsively.
MyCryptoParadise
iFeel the success🌴
Bitcoin Stays True to “Uptober” with 11% Pop. What Happens Next?Bitcoin BTC/USD saw elevated demand in October as the surge nearly led to a new all-time high. Now the looming US election on November 5 is shaping up as a catalyst for growth, depending on who gets to become President of the United States.
Bullishness is in the air. The OG token — Bitcoin BTC/USD — pumped hard in yet another October. Staying true to the “Uptober” tradition , BTC added 11% over the month, kicking it all the way up to more than $73,000 , just a few hundred bucks shy of its record high logged in March .
The powerful surge is now taking a breather with prices diving back under the $70,000 threshold. But not for long, according to some analysts who are already living post November 5. What’s that? It’s the biggest event of the year — economically, politically, and … cryptolitically ?
Gloves on, bell rings, the main event is here — in the blue corner is Democrat Kamala Harris facing her red-shorts opponent, Republican Donald Trump. The current Vice President and the former President are squaring up for the top spot in American politics. And both have vastly differing viewpoints on crypto.
If we were to play favorites, it’s fair to say that Donald Trump is winning the hearts of the crypto faithful. Throughout his rallying and campaigning, he’s made it clear that he believes in Bitcoin’s growth potential. What’s more, he’s embraced digital assets in general and wants to see the market thrive in the world’s biggest economy.
The promises don’t stop there. Trump has vowed to make the US the “crypto capital of the world” and dig out all the remaining Bitcoins from within US grounds. He also pledged to set up a Bitcoin strategic reserve and fire Securities and Exchange Commission Chair Gary Gensler, who is seen as a roadblock to future crypto growth.
Hence the so-called “Trump trade,” which has been propelling the orange coin to higher places.
On the other end of the spectrum is Kamala Harris who has adopted a warm, but not that warm stance toward crypto. She’s all about casting a sweeping regulatory framework over the industry. The Democratic candidate has vowed to “encourage innovative technologies” like digital assets. Still better than President Joe Biden’s crackdown on the sector.
More interestingly, Trump has recruited a key player on his team. Elon Musk, the world’s richest guy (depending on the day) and CEO of Tesla TSLA , is a major donor to Trump’s campaign. He is looking to potentially get employed by the government as head of — can you guess? — Department of Government Efficiency, or DOGE (a nod to Musk’s beloved coin).
"I will create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government," Trump said at a rally back in September.
“I look forward to serving America if the opportunity arises. No pay, no title, no recognition is needed,” the eccentric billionaire wrote on his X platform .
How is that bullishness trickling into the markets? Besides the obvious price leap, options traders are ramping up their bets for $80,000 Bitcoin by the end of November. Implied volatility on November 5 is elevated — BTC options flag a 30% chance of a 10% swing in the price. Stay cool, stay ready.
On the ETFs front, exchange-traded funds that hold genuine Bitcoin and offer spot trading pulled in around $4 billion of net new money in October. The biggest winner of all 11 spot BTC ETFs is the BlackRock-owned iShares Bitcoin Trust, which holds more than $26 billion in assets.
Traders broadly (not just the crypto space) may be pricing in a Trump victory and scooping up some of the assets that are likely to do well under his term. But while Trump is ahead in prediction markets, he’s neck-and-neck with Harris in the national polls, making Election Day all the more uncertain.
With that said, Bitcoin is up 57% on the year, outperforming other large-cap assets, such as gold XAU/USD , up 35% in a stellar year of its own , and the S&P 500 SPX , up 20% year to date, also enjoying lots of buying appetite .
Whose side are you on and do you think we'll see a huge swing in the price of Bitcoin come November 5? Share your thoughts below!
Trump Stock DJT Has Had a Wild Week. What Does Its Chart Say?Former President Donald Trump’s Trump Media & Technology Group NASDAQ:DJT has been all over the map this week as we head toward Election Day, up 20% one day and down 10% the next. Let’s check out its technical and fundamentals.
Trump Media & Technology’s Fundamental Analysis
DJT -- parent firm of Trump’s Truth Social social-media site and other assets -- has publicly traded for about seven months now since going public via a merger with a special purpose acquisition company.
Wall Street expects DJT to report quarterly earnings around Nov. 8, but I personally don't think prospects for what the firm releases that day are having much to do with how the stock has been trading.
I don't know of any sell-side analysts who cover the stock, so there are no earnings estimates that I’m aware of.
In terms of recent fundamentals, DJT posted a $0.10 GAAP net loss per share for its June quarter on about $800,000 of revenue.
Operating cash flow printed at a negative $21.4 million, but that cash burn appears to be of little concern to DJT given that the company’s balance sheet appears to be in good shape.
DJT had $344 million of cash on hand and $353.5 million of current assets as of June 30. Current liabilities added up to $14.3 million for a current ratio of 24.72.
You know what’s traditionally good enough to pass muster with many investors? A current ratio of 1.0.
In other words, Trump Media appears to have an incredibly strong balance sheet for a business of its size (i.e., very small). In addition, there’s no debt on the firm's balance sheet.
So, if fundamentals don’t move the stock, what does?
First, it seems like shares rise or fall on any headline regarding the former president and his prospects for winning back his old job in next week’s election.
Second, I suspect that today’s algorithms are designed to force an overshoot up or down for any stock where that can be done – and DJT certainly seems like such a stock.
DJT’s Technical Analysis
Now let’s look at Trump Media’s six-month chart through midday Thursday (Oct. 31):
Readers can see that DJT broke out in mid-September from a so-called “falling wedge,” which is historically a pattern of bullish reversal.
The stock bottomed at $11.75 and broke through both its 50-Day Simple Moving Average (or “SMA,” denoted by the blue line above) and its 200-Day SMA (the red line above) like a hot knife through butter.
In cases like this, many investors will use a stock’s 200-Day SMA as a pivot point, as the 200-day line is senior to the 50-day line. And in this case, the 200-Day SMA has a higher price level -- $35.80 for the 200-day line vs. $22.80 for the 50-day one.
At the time that DJT cracked the 200-Day SMA, it stood close to the $35 level. Hence, $35 appears to have become the stock’s potential pivot point.
Meanwhile, DJT’s Relative Strength Index (the gray line at the chart’s top) is narrowing, but was still sending a somewhat strong signal of about 56 as of Thursday afternoon.
Separately, the stock’s daily Moving Average Convergence Divergence index (or “MACD,” denoted by the black and gold lines and blue bars at the chart’s bottom) looks historically very bullish.
The histogram of Trump Media’s 9-Day Exponential Moving Average (or “EMA,” denoted by the blue bars above) has been well above zero for more than a month now. Meanwhile, the stock’s 12-Day EMA (the black line above) is running above DJT’s 26-Day EMA (the gold line). That’s all typically bullish.
Still, DJT’s chart as a whole is telling me that technically speaking, the stock is close to fairly priced based on its recent $35 pivot point. (Shares were trading at $36 on Thursday afternoon as I wrote this.)
However, there are a few days to go before this election cycle closes, and a new pivot to the upside formed at Wednesday’s intraday high of $54.68. The downside pivot is now DJT’s old upside pivot of about $35 (its 200-day SMA).
Crack that line and help could potentially next show up for the stock at its 21-Day EMA and 50-Day SMA.
(Stephen “Sarge” Guilfoyle is Moomoo Technologies Inc.’s markets commentator. At the time of this writing, he had no position in DJT.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
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Cable's UpdateFor today , the most important thing is the announcement of the US jobs numbers.
Ultimately, breaking the general downward trend according to the performance on the daily chart requires moving above the resistance of 1.3150.
GBPUSD will still be bullish in long term and it's clearly tryin to reach the decade's resistance.
Market Analysis 11/1/24Hello everyone, welcome back to our daily market analysis.
Today, we examined our fundamental data from yesterday and today. While reviewing, please bear in mind that today marks the commencement of the month. Consequently, we anticipate the emergence of concerning news for several currencies. However, we will primarily focus on the United States Dollar (USD).
The USD’s NFP data warrants our attention due to its potential to induce volatility. As traders, it is imperative to consider these factors: the month’s inception and the possibility of a drop in NFP information, which could further amplify volatility.
Today’s fundamental data indicates a favorable position for CHF, EUR, and JPY, while AUD, CAD, GBP, NZD, and USD exhibit a weaker trend.
Oil spikes on escalation fearsCrude oil continues to push up off the lows hit on Tuesday when front-month WTI broke below $67 per barrel for the first time since the beginning of October. Since then, oil has managed to build some upside momentum, although it’s far too early to tell if there’s a definitive change in direction. Nevertheless, things are looking better for the bulls, in some respects. The daily MACD has begun to turn higher, although it still remains in negative territory. Yesterday evening, prices suddenly surged higher in a move which took front-month WTI from $69 to $70.50 in less than an hour. The jump came after Israeli intelligence reported that Iran was planning to attack Isreal from its bases within Iraq. This should keep markets off balance as the weekend approaches. Traders will be on alert over the weekend. And beyond, in the absence of an attack. But it also means that yesterday’s rally is likely to unwind completely should any attack prove ineffectual. Despite this, it is potentially another step up in the escalation of hostilities which is starting to normalise direct military contact between Israel and Iran, rather than with Iran’s proxies.
UPTOBER ENDS Bitcoins monthly close is behind us and it's an interesting one...
For most of the last day of the month BTC was above the previous monthly close high of $71,413.40. However, Bitcoin failed to close above that level coming up 1.67% short.
Despite this the monthly candle is very strong, historically October is a good performer hence the "UPTOBER" nickname and this time around was no exception with an +11% move. I said in a previous post that a retest of the '21 ATH @ $69,000 is possible and likely, in the last 8 months BTC has routinely rejected off this level with no acceptance above, just SFPs galore. This is the chance to retest and accept as new support. that would set up a move for ATH and above.
Q4 so far has been positive, we know that this month will be a strange one as the US election is in a few days and can sway markets so volatility can be expected. In the end I think the trajectory is new highs by the end of the year.
#TNSR (SPOT) entry range ( 0.3300- 0.4350) T.(1.2900) SL(0.2945)BINANCE:TNSRUSDT
entry range ( 0.3300- 0.4350)
Target1 (0.5800) - Target2 (0.7500) - Target3 (1.0700)- Target4 (1.2900)
SL .1D close below (0.2945)
Golden Advices.
**********************
* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
**********************
My total posts
(www.tradingview.com )
1Million Journey
( www.tradingview.com )
( www.tradingview.com )
********************************************************************************************************************** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT # IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BCH #TNSR.
#API3 (SPOT) entry range ( 1.270- 1.480) T.(3.259) SL(1.238)BINANCE:API3USDT
entry range ( 1.270- 1.480)
Target (3.259)
SL .1D close below (1.238)
Golden Advices.
**********************
* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
**********************
My total posts
( www.tradingview.com )
1Million Journey
( www.tradingview.com )
( www.tradingview.com )
********************************************************************************************************************** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT # IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 .
#ICP (SPOT) entry range( 6.000- 8.150)T.(51.990) SL(5.811)BINANCE:ICPUSDT
entry range( 6.000- 8.150)
Target1 (16.984) - Target2 (19.900)- Target3 (38.900)- Target4 (51.990)
2 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (5.811)
*Keep in mind that all targets may be need time to be achieved*
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT # IDEX #NEAR #ICP ***
#NFP $NFP #NFP ...... is in a very nice entry point and near stop loss to get high profit
#NFP
NEWCONNECT:NFP
#NFPUSDT
#NFPUSD
#swingtrade
#shortterminvestment
#ALTCOIN
#Cryptotading
#cryptoinvesting
#investment
##trading
#cryptocurrencytrading
#bitcoininvestments
#Investing_Coins
#Investingcoins
#Crypto_investing
#Cryptoinvesting
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP ****
#bitcoin
#BTC
#BTCUSDT
BINANCE:NFPUSDT
XRP Thesis AI TodayInvestment Thesis
As a trader specializing in intraday scalping strategies, the current market conditions for XRP present a favorable opportunity for entering a LONG position. The recent surge in price following Ripple's escrow release has created a bullish sentiment, supported by significant trading volume and a long account ratio above 0.5000. Given the current price of XRPUSDT at $0.5188, it is essential to monitor key technical indicators closely to identify optimal entry points.
Data Analysis
Open Interest: Currently showing a strong bullish sentiment among top traders, indicating a high level of market engagement.
Weighted Funding Rate: Remains positive, suggesting that traders are willing to pay to hold their LONG positions.
Liquidation Levels: Relatively stable, providing a buffer against sudden price movements.
Analysis: The strong bullish sentiment and positive funding rate support the decision to hold long positions. However, the recent news about Ripple's escrow release requires vigilant monitoring to manage potential impacts on market sentiment.
CoinMarketCap Data
Current Price: $0.5188
Market Capitalization: Approximately $21 billion.
Circulating Supply: 132 billion XRP.
24-Hour Trading Volume: $157,865,192, reflecting active market participation.
Liquidity Score: High, ensuring ease of entry and exit for trades.
Market Cap Fluctuations: Slight fluctuations align with observed price movements, supporting a scalping approach provided that robust risk management strategies are in place.
Analysis: The substantial trading volume and high liquidity score indicate strong market interest in XRP, supporting the scalability of intraday scalping strategies. Stable circulating supply and market cap further reinforce the potential for sustained trading activity.
Sentiment Analysis
Sentiment Score: 65%, indicating a neutral to slightly positive sentiment towards XRP.
Top Crypto Sentiments: "Optimism" and "Anticipation."
Implications: The moderately positive sentiment suggests potential for a short-term price rebound, aligning with the observed technical indicators and supporting the decision to hold long positions with vigilance.
Recent News Highlights:
Ripple's Escrow Release: Impacting market sentiment with mixed reactions.
Technological Integrations: Announcements regarding integrations with new platforms can influence trading dynamics.
Social Media Sentiment: Cautious discussions around potential volatility stemming from Ripple's escrow activities.
Analysis: The interplay between Ripple's escrow release and technological advancements creates a dynamic trading environment for XRP. Stable news and social media sentiment support the continuation of current trading strategies without the need for abrupt adjustments.
Binance Data
Volatility Index: Moderate, suggesting manageable price fluctuations.
Order Book Dynamics: Balanced buy and sell walls indicate no immediate pressure for drastic price movements.
Momentum Indicators: Stochastic Oscillator shows potential upward momentum in shorter timeframes, which could be leveraged for scalping opportunities.
Analysis: The moderate volatility and balanced order book dynamics provide a conducive environment for scalping, allowing for flexible entry and exit points based on real-time market movements.
Technical Analysis (Enhanced)
Relative Strength Index (RSI)
1-Day (1d) Chart: 55.8200, indicating a neutral stance but approaching overbought conditions.
4-Hour (4h) Chart: 60.0000, nearing oversold levels.
1-Hour (1h) Chart: 53.5900, suggesting a neutral position.
Interpretation: While the daily RSI indicates a neutral stance, the 4-hour RSI is nearing oversold levels, and the 1-hour RSI suggests opportunities for short-term rebounds.
MACD (Moving Average Convergence Divergence)
Status: Currently bullish crossover on the 15-minute chart.
Interpretation: The bullish crossover on the 15-minute chart offers potential entry points for long positions, despite a generally cautious outlook.
Bollinger Bands
Current Position: Price is nearing the lower band at $0.5100, suggesting a potential reversal.
Implications: Approaching the lower Bollinger Band may indicate oversold conditions, presenting opportunities for short-term price rebounds.
Moving Averages
MA20: $0.5100
MA50: $0.5000
Price Position: Currently above both MA20 and MA50, suggesting a continuation of the bullish trend.
Stochastic Oscillator
Status: Entering the overbought region, indicating potential bullish momentum.
Interpretation: The Stochastic Oscillator's movement into the overbought region supports the possibility of a short-term price increase.
Average True Range (ATR)
Status: Rising, indicating increasing volatility.
Implications: Higher volatility presents both opportunities and risks for scalping strategies. Traders should adjust stop-loss and take-profit levels accordingly to manage potential sudden price movements.
Summary of Technical Indicators
RSI: Neutral on the daily chart, nearing oversold on the 4-hour chart, and neutral on the 1-hour chart.
MACD: Bullish crossover on the 15-minute chart.
Moving Averages: Price above MA20 and MA50 supports the bullish trend.
Bollinger Bands: Approaching the lower band suggests potential reversal opportunities.
Stochastic Oscillator: Entering the overbought region indicates potential bullish momentum.
Volatility Analysis
Average True Range (ATR): Rising, indicating increasing volatility.
Implications: Higher volatility is favorable for scalping, providing more significant price movements that can be capitalized on. However, it also increases the risk of rapid losses, necessitating strict risk management strategies.
Order Book Dynamics
Buy Walls: Significant buy walls around the $0.5100 level, acting as a strong support zone.
Sell Walls: Sell walls near $0.5300 may cap upward movements.
Analysis: Strong buy walls provide a safety net against significant price drops, while sell walls can limit upward price movements. Traders should monitor changes in order book depth to anticipate potential shifts in market sentiment.
Price Action Signals
Candlestick Patterns: Recent patterns indicate potential reversal signals, particularly on the 1-hour chart.
Breakouts/Reversals: Watch for breakouts above resistance at $0.5300 or reversals at support levels to guide entry points.
Momentum Indicators
Stochastic Oscillator: Entering overbought region on the 15-minute chart, suggesting a potential reversal if confirmed by other indicators.
Momentum Indicators: Indicate a slight uptick, supporting the possibility of a short-term bullish move.
Market Sentiment
Real-time sentiment analysis indicates a cautious optimism, with traders anticipating potential bullish movements.
Trade Recommendation
Outcome: OPEN_LONG
Confidence Level: 85%
Current Price: $0.5188
Stop Loss: $0.5100
Take Profit: $0.5300
Exit Point: $0.5250
Entry Signal Criteria
Timeframe: 1-hour
RSI: Above 55
MACD: Bullish crossover
ATR: Rising, indicating increasing volatility
Bollinger Bands: Price breaking above the lower band, suggesting a potential reversal
Stochastic Oscillator: Entering overbought region
Action Plan
Monitor the Price Closely:
Breakout Strategy:
If Price Holds Above $0.5300:
Action: Consider maintaining or adding to the long position.
Adjust Stop Loss: Tighten the STOP_LOSS to $0.5250 as the price approaches resistance levels to minimize potential losses.
Take Profit Strategy:
As Price Approaches $0.5300:
Action: Consider taking profits.
Adjust Exit Point: Move the EXIT_POINT to $0.5250 to secure profits.
Risk Management:
Set Stop Loss at $0.5100 to limit potential losses.
Take Profit at $0.5300 to capitalize on expected price movement.
Exit Point at $0.5250 as an intermediate target.
Be Prepared to Act:
If RSI Falls Below 50:
Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly.
Monitor Market Sentiment:
Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome.
Important Considerations
Only recommend OPEN_LONG when enhanced indicators align to signal a strong entry point.
Avoid entries during high-risk periods.
Continuously monitor for sudden changes and adjust the strategy to prevent losses due to unexpected price movements.
Assumptions/Limitations
This analysis is based on current market conditions and available data. Rapid market changes may affect the accuracy of predictions. Always consider personal risk tolerance and market volatility when trading.
¡¡Updates!! : x.com
#PORTAL(SPOT) entry range(0.2400- 0.3400) T.(1.3990) SL(0.2228)This coin is short time investment ....
BINANCE:PORTALUSDT
entry range(0.2400- 0.3400)
Target1 (0.4120) - Target2 (0.6100)- Target3 (0.9590)- Target4 (1.3990)
2 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (0.2228)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL ****
US100 Trade Log - NFP + Bad Apple EarningsTrade Log (31/10/2024) - US100 Short Setup
1. Context: The setup is influenced by multiple bearish factors:
- Recent Non-Farm Payrolls (NFP) data indicating weaker-than-expected job growth.
- Bad earnings report from Apple, adding to negative market sentiment.
- Formation of a bearish wedge pattern on the charts.
- 1H timeframe shows a short signal within a Fair Value Gap (FVG) acting as a supply zone.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Entry confirmation: Enter short when price retraces into the 1H FVG and shows bearish signals, such as a reversal candle or rejection wick.
3. Stop-loss and take-profit:
- Place stop-loss above the upper boundary of the 1H FVG to protect against false breakouts.
- Set take-profit at twice the stop-loss distance for a 1:2 RRR.
4. Additional considerations:
- Monitor market reactions closely to any follow-up reports or news related to major tech stocks.
- Be prepared for increased volatility around NFP data and Apple’s impact on broader tech sentiment.
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.
Currently, Bitcoin Dominance is in a strong bullish trend and has reached the 60% level. This means that Bitcoin alone holds 60% of the total crypto market value. In other words, the entire altcoin market, including ETH and other large-cap coins, represents only 40% of the market. Considering the crypto market has over 2,500 different coins/assets, it’s notable that all of them combined only account for 40% of the total market value, while Bitcoin alone makes up the other 60%.
In previous bull market cycles, this chart typically shows initial bullishness, followed by a strong reversal to the downside after a few months, which brings the largest returns in the altcoin market.
A bullish trend in BTC Dominance indicates that Bitcoin will outperform altcoins, whereas a bearish trend suggests the opposite.
Currently, BTC Dominance is moving within a parallel channel driving its bullish movement. It has reached the weekly supply level and is now approaching the monthly supply level. I expect BTC Dominance to hit this monthly supply level at the top of the channel, experience rejection, and start moving lower. Eventually, I anticipate it will break below the entire channel, signaling a large influx of capital into altcoins. This shift has the potential to create significant returns for altcoin investors.
I believe this scenario is likely during the 2025 bull cycle, so be prepared to build generational wealth.
US100 Trade LogTrade Setup (30/10/2024) - US100 Long on 1H FVG with Market Open Liquidity Grab
1. Setup: Enter long within the 1-hour Fair Value Gap (FVG) if there is a wick rejection signal on market open, suggesting a liquidity grab.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Confirmation: Look for a sharp wick into the FVG at market open, showing a liquidity grab and immediate recovery back into the zone.
3. Stop-loss and take-profit:
- Place stop-loss just below the wick low to protect against further downside.
- Set take-profit at twice the stop-loss distance, aiming for a 1:2 RRR.
4. Additional considerations:
- Be mindful of volatility and spreads at market open.
- Ensure wick rejection confirms strong demand within the FVG before entering.
This setup aims to capture upside momentum following a liquidity grab at market open, using the 1H FVG as a support zone for entry.
KPGEL Diwali Pick 2024Stock Analysis and Trade Setup
This chart shows the stock breaking out of a long-term downward channel, suggesting a potential trend reversal:
• Bullish Setup : The price has broken above the descending channel, indicating bullish momentum. A strong consolidation above the support level around 631.1 could confirm this breakout. If the price maintains this upward trend, the next resistance at 716.75 would be the primary target, followed by further gains if momentum persists.
• Bearish Scenario : If the price fails to hold above 631.1, there could be a retest of lower levels. Watch for a potential short entry below the key support level at 525.9, as a breakdown could signal a continuation of the downtrend.
The RSI indicates room for further upside, and increasing volume supports the bullish breakout. Monitor these levels closely for entry and exit signals.
Disclaimer: This analysis is for educational purposes only. Please conduct your own research before making any trading decisions.