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Longposition

Key Notes for BitcoinIt's like crazy as we know the last few days of the market environment which is obviously not good for BTC. The way the market is looking right now however is pretty horrible. Together with the Grayscale's FUD which they keep selling BTC to the market somehow is killing this market slowly. Therefore, I give you these key notes as guidance for the next BTC movement : 1. There is consolidation range currently is forming between $44454 and $40270 with the middle level is located at $42362 2. Price is temporarily breaking down below the $40270 as the range low. As long as the price can't reclaim above this broken support there is risk for further downside movement. 3. There is the bull market support band on the weekly time frame which is becoming the main idea that has been driving the price over time since a long time ago. Currently the Bull market support band is now having an alignment with the .382 Fib level from the whole swing structure from $15466 to $48993. 4. Not it's all on bearish side as of now. In fact, the price is now trending at the extremely oversold level after 21% drop from the peak of prior impulse structure located at $48993. With current amount of the short sellers coming into the market, there is also possibility of the relief rally on the short term. The liquidity gap / fair value gap located at around $45000 is becoming the hottest spot as of now as it has an alignment with the golden ratio level. There are all some of the notes you need to consider just before you jump into any trade. In my opinion, opening a short position at current structure is not worth at all due to the fact that the price has been dropping for more than 21% from the peak. Entering short position at this rate is also not good because the room to move to the downside is way smaller than entering long position. Entering long (buy) position is way safer in term of the risk management idea because there is still huge room to gain to the upside. And also, there is still another pushing factor which is the fair value gap located at the upside which hasn't been closed. My personal position is at the long (buy) side as of now which I've been opening since the price was at $38700 and of course, I still have majority capital as back up to accumulate more (if necessary) if the price drops even more in the future. Based on my perspective and calculation, the long(buy) position is in a very good favor and I see the possibility of 'discount' in current price. But once again, I only share my thought here and this post is not the recommendation to enter any position as you know I'm not your financial advisor. So that it's important to understand that you must Do your own research before jump in any position. All risk is at yours
INDEX:BTCUSDLong
by julio24albert
$DWAC is Skyrocketing along w Trump poll #’s This is Trump’s SPAC that IPO’d back Oct 2021. Based on the the 1st two days of trading, the Fibonacci levels don’t lie. So here’s my thesis.. Since Trumps landslide victory in Iowa primary, this stock has been on a tear, up 240%.. and i have some info that the past week is only the start. Tonight is the New Hampshire primary and i have a hunch that not only beat Nicky Haley, but this stock will CONTINUE TO MOON into SUPER TUESDAY primaries. $442 is not an unreasonable price target based on its action. This may very well be the Gamestop of 2024. NASDAQ:DWAC
DLong
by jgeno
17
FIL 17.01.24In an environment where the market is generally positive, the halving is approaching, and finally interest rate cuts are discussed, FIL coin will also get its share. The rising trend (green line) will be the best place to buy, but since I do not want to wait, it would be best to buy in pieces, including these levels. It will be ready to fly when the 4-hour candle closes above the falling trend (red line) and retests. TP1 : 7.4 TP2 : 7.99 (psychological resistance) TP3 : 8.61 What I write here serves as a note to myself. Does not include investment advice.
Long
by BarbarKalyon
USDJPY Buy Momentum The earthquake earlier this year would have prompted the Bank of Japan to revise its actions regarding the ongoing ultra-loose monetary policy. Although today's positive PPI print was good news for the JPY, it was overshadowed by the USD narrative switch. In the wake of the ongoing Middle East conflict, we may continue to witness the USD strengthening over the near term. The dollar's momentum, after reaching USDJPY 144.35 toward the end of last week, has pushed the JPY onto the back foot. The recent break of structure at price 146.42 may lead to the JPY pulling back toward the 145.80 - 146.03 range, supported by the oversold nature of the Stochastics and RSI. Subsequently, it may lose ground to Fibonacci levels 61.8% (147.47) and 78.6% (149.42) within this week, aligning with the rate cycle narrative.
Long
by ShivenMoodley
📊⤴️⤴️ EURUSD VIP BULLISH MOMENTUM LONG TRADE)⤴️⤴️📊Hello trader’s what do you think about eurusd)? dear traders I think 4H trand line this week Cpi news soo I think eurusd fullback resistance levels my Postens open 01.09000 Long trade) bullish momentum) Target 1.10357) Target 1.10837) Target 1.11657) GBP/USD remained consolidative on Thursday, bid just above 1.26 and offered just above its 10-DMA at 1.2707, as traders cogitate over U.S. and UK rate pivots later this year, looking toward Friday's payrolls data and next Thursday's CPI data for clues about the timing and depth of Fed rate cuts. For now, traders are reacting to Wednesday's slightly dovish Fed minutes, which noted prior rate hikes are having their intended effect reducing inflation and growth, and near-unanimity that rates will be lower by year-end 2024. Sterling traders' reluctance to move GBP/USD out of its 1.26-1.27 range hints at consensus that both the BoE and Fed are at peak rate levels. Though futures are pricing a near-80% chance the Fed will begin rate cuts in March 2024 (0#SRA:), ahead of the BoE expected in May 2024 (0#SON3:), the near-symmetrical rate paths foreseen for the two central banks in 2024 is keeping GBP/USD anchored near current levels. U.S. jobs data on Friday could disrupt the current GBP/USD rate stasis. Should payroll and earnings data surprise to the upside, a delay in Fed cuts is likely to weigh on GBP/USD, putting multiple support levels in the 1.2630s in sharper focus. FX:EURUSD
Long
by SMC-Trading-Point
2
NEAR/USDT TRADE SETUP! #NEAR: Entry Point: Buy at CMP: Consider entering the trade at the Current Market Price (CMP), taking advantage of the current market conditions. Additional Entry: Be prepared to add more positions if the price drops to $3.34. This level is identified as a potential strategic buying opportunity. Target Prices: Set specific target prices at $3.52, $3.6, $3.78, $4.01, and $4.2. These levels represent potential profit-taking points as the price moves upward. Stop Loss (SL): Set a stop-loss at $3.236. This level is chosen to limit potential losses and effectively manage risk. Leverage: The recommendation advises maintaining low leverage and entering the market at the lowest possible price. It suggests a gradual entry approach and encourages traders to avoid sudden decisions. Using leverage cautiously is crucial to minimize risk. Cautionary Note: Reminds traders to do their own research (DYOR) before making any trading decisions. This reinforces the importance of conducting personal research for informed decision-making. Includes "NFA" (No Financial Advice), emphasizing that the provided information is not a recommendation for financial decisions. In summary, the recommendation outlines a trading strategy for #NEAR, providing specific entry points, target prices, and a stop-loss level for risk management. It emphasizes caution with leverage, gradual entry, and the necessity of conducting personal research. As always, the information is not financial advice.
Long
by CRYPTOMOJO_TA
DataDog quick look Datadog is a stock I've been monitoring for quite some time. DDOG broke the resistance from it's last high at just over $100. Before that in August 2023 there was a big gap down, the gap started at $105 and it's on it's way to closing it. I think a break of that gap, above $105, is a good entry point if you're looking to hold this stock for the long term. I think it's one of those companies where $1,000 investment will be worth $30k in 10 years. Who knows?? Maybe $117 - $121 will see some resistance, however, the hype associated with AI is attracting investors because this company would stand to benefit from those future revenues. DDOG has had nice bull runs in the past > 100%. Maybe we're at the beginning of the next big leg up.
NASDAQ:DDOGLong
by DontSlamTheDoor
3
Strategic Long Trade: Unlocking Potential Profits in #SEI #SEI long trade setup: Entry Point: Buy at CMP: Consider entering the trade at the Current Market Price (CMP), taking advantage of the current market conditions. Additional Entry: Add more positions up to $0.661. This level is identified as a potential strategic buying opportunity. Target Prices: Set specific target prices at $0.78, $0.85, $0.92, $1.01, and $1.2. These levels represent potential profit-taking points as the price moves upward. Stop Loss (SL): Set a stop-loss at $0.66. This level is considered mandatory to effectively manage potential losses. A stop-loss is a risk management tool that automatically sells the asset if the price reaches a specified level, limiting potential downside. Leverage: The recommendation suggests utilizing leverage based on individual risk appetite. It emphasizes the importance of exercising caution and choosing leverage wisely. Leverage amplifies both potential profits and potential losses, so it should be used with care. Cautionary Note: Emphasizes the importance of doing your own research (DYOR) before making any trading decisions. This reinforces the idea that the provided information is not financial advice. In summary, the recommendation outlines a long trade setup for #SEI, providing specific entry points, target prices, and a stop-loss level for risk management. It also advises caution with leverage and underscores the significance of conducting personal research. As always, the information is not financial advice.
Long
by CRYPTOMOJO_TA
1
Unlocking Profit Potential: #POWR/USDT Technical Analysis#POWR/USDT pair: Technical Analysis: Trendline Support: POWR is currently above a strong ascending trendline support, suggesting a bullish trend. Rebound Potential: The trendline support indicates the potential for a rebound in the price. Entry Point: Buy at CMP: Consider buying at the Current Market Price (CMP), taking advantage of the current position above the ascending trendline support. Additional Entry: Add more positions if the price drops to 0.3833, using this level as an additional buying opportunity. Target Prices: Set specific target prices at $0.45, $0.47, $0.54, $0.62, and $0.74. These levels represent potential profit-taking points as the price moves upward. Stop Loss (SL): To manage risk, set a Stop Loss (SL) at 0.36. This level is chosen to limit potential losses in case the market doesn't move as expected. Risk-Reward Ratio (R:R): The Risk-Reward Ratio is mentioned as 1:6. This indicates that for every unit of risk (1), there is the potential for six units of reward. A higher R:R ratio is generally considered more favorable for traders. Cautionary Note: Emphasizes the importance of using leverage cautiously and aligning it with individual risk tolerance. Using leverage conservatively is recommended to minimize the risk of substantial losses. Reminds traders to conduct their own research (DYOR) before making any trading decisions, emphasizing that the information provided is not financial advice. In summary, the recommendation suggests a bullish stance on #POWR/USDT based on the strong ascending trendline support. It provides specific entry points, target prices, and a risk management strategy, while also urging traders to exercise caution, especially with leverage, and conduct their own research.
Long
by CRYPTOMOJO_TA
1
NAS100 Bullish Scenario: The Only Long I See (Daily/1 Hour)Fundamentally, 2023 was a strong year for stocks notably tech, which has created a strong bullish anticipation for 2024. We are in the midst of a CPI release coming this Thursday on the 11th. It is obviously the most important data release of the year (since we're 9 days in lol). More seriously it is the factor that WILL determine the move to come (no shit). By default I am bullish for speculative and technical reasons so I propose a rational entry for a long position assuming the show will go on. Here is the technical reasoning: 1. Price wicked perfectly on the DAILY 'bullish' 0.618 fib level during the Friday 5th session. This serves as our first bullish signal. 2. Throughout the session an intermediary range was created with a high that will serve as our BOS ('break of structure') line. 3. Throughout that same session and the following session (Monday 6th) price bounced twice, precisely, on its fib 'reload zone' which is the area that ranges between 0.618 and 0.782 (0.702 is extremely effective). These zones tend to render good entries if it's line with the general outlook (fundamentals + daily/weekly trend + general analysis). This serves as our second bullish signal. 4. With our BOS (third bullish signal), an FVG ('fair value gap') was formed. I couldn't explain why it works but with back testing and live testing, it changed the game for me. This FVG serves as another entry point. Why this FVG and not the ones above? We want the one with the highest probability of success so we pair it with the 'reload zone'! 5. By tracing a trend-based fib, which honestly I just learnt how to use today, you'll notice how price reacted perfectly to the 1.702 fib. This is just a way to increase the legitimacy of my analysis and to seem like I know things. But it is a high that we'll use for our potential profit taking (spoiler!). 6. The trade: we have a confluence of factors which giveth the highest success probability (in my opinion) for an entry point (EP) IF we are backed by a strong data release. So EP:16430, MAX SL:16240 / MIN SL: 16330 (based on the low of the FVG) and TP1: 16675 (the high/fib 1.702) / TP2: 17000 (a nice round number which is a good target since it represents a strong psychological bias for all traders). This gives a good RR 1:3 so in the midst of the CPI release which could basically f*** everything up, I wouldn't risk more than 1%. For trade management put the SL in BE when price has taken TP1. Note: if the CPI is very bullish, just leave approx. 20% of the position to flow to new highs (TP3). NFA and happy trading! :)
FX:NAS100Long
by Fondera