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Longsetup

Steady uptrend, GBPUSD continues to grow🔔🔔🔔 GBPUSD news: 👉The GBP/USD pair dips slightly during the Asian session on Wednesday, retracing part of the previous day's strong rally to a more than four-month high around 1.2965. Currently, spot prices hover near the 1.2935 level, though the decline lacks strong bearish momentum as traders await the release of US inflation data before making new directional moves. The US Consumer Price Index (CPI) report will be a key factor in shaping market expectations regarding the Federal Reserve’s (Fed) rate-cut trajectory, which will, in turn, influence demand for the US Dollar (USD) and drive fresh movement in the GBP/USD pair. Meanwhile, some repositioning ahead of the critical data has helped the USD recover part of its previous day's decline to its lowest level since mid-October, creating a temporary hurdle for the currency pair. Personal opinion: 👉Good growth in the context of US tariff policies not targeting GBP, good relationship between the two countries helps GBP value against USD to grow, long-term upward trend is still being maintained Analysis: 👉Based on important resistance - support levels and Fibonacci combined with trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Buy GBP/USD 1.29100 - 1.28950 ❌SL: 1.28650 ✅TP: 40 - 70 - 120 PIPS FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
3
GOLD → Strong consolidation. What’s Next?OANDA:XAUUSD is consolidating within the 2926 - 2890 range. The overall market remains bullish, but there are signs of short-selling or pre-news selling ahead of the major economic data release scheduled for Wednesday. Accordingly, the market is eagerly awaiting U.S. inflation and employment data, which could play a crucial role in shaping the Federal Reserve’s next move. Despite a weaker dollar and rising expectations of monetary easing, Fed Chair Jerome Powell remains cautious, signaling a measured approach to policy adjustments. Meanwhile, gold demand remains strongly supported by China as the country ramps up its purchases. Additionally, growing concerns over stagflation in the U.S. further strengthen gold’s appeal as a safe-haven asset. However, traders are keeping a close watch on upcoming economic reports and the potential impact of China's tariffs on U.S. goods, which could introduce further market volatility. The key focus now is 2926, where price action is shaping a potential accumulation phase before a breakout. If price stabilizes above this resistance, it could trigger a significant bullish impulse, signaling a continuation of the uptrend. However, a major challenge remains—if the price accelerates too quickly toward resistance, the risk of a false breakout increases. In such a scenario, the market may pull back to 2890 to test liquidity zones, ensuring structural confirmation before making a legitimate move back toward 2926 and beyond. What are your thoughts on gold? Best regards, Bentradegold!
OANDA:XAUUSDLong
by Bentradegold
GER40 LONG SETUP IDEA - BUY THE DIP📈 LONG SETUP - BUY THE DIP (Swing Trade) Entry: 22,350 - 22,400 Take Profit (TP): 23,500 (first target), 24,000 (extended target) Stop Loss (SL): 22,150 Reasoning: Strong historical support at 22,300 - 22,400. Bullish divergence on MACD and RSI on 1H and 4H charts. High timeframe trend remains bullish; expecting continuation after the retracement. 📈 Market Overview & Bias Daily & 4H Charts: The GER40 has been in a strong bullish trend over the past few months but is currently experiencing a retracement. The 21 EMA and 8 EMA are converging, signaling indecision or potential trend exhaustion. 200 EMA remains below price, suggesting long-term uptrend remains intact. The 100 EMA is acting as resistance on lower timeframes. Key support zones: 22,300 and 21,900. Key resistance zones: 23,000 and 23,500. Lower Timeframes (1H & 15M) The price is consolidating between the 22,400 - 22,700 range. A potential reversal pattern is forming on the 15M chart with bullish divergence on RSI and MACD. ATR values suggest increased volatility, so tight stop losses are necessary. Key Economic & Geopolitical Considerations ECB Rate Decision (March 21, 2025) Hawkish stance → Might push GER40 lower. Dovish stance → GER40 could break resistance. US CPI & NFP Reports Inflation data affecting European stock sentiment. Strong USD could pressure GER40 downward. Geopolitical Risks German & EU economic policies affecting investor sentiment. Tensions between China/EU and EU/USA on trade policies could add volatility. mportant: this is not personalized financial advice. It’s an illustration of how one might combine risk management principles with the support/resistance zones in play. Final Note & Disclaimer All market scenarios carry probabilities, not certainties. Technical signals are best combined with macro fundamentals (e.g., interest rates, USD behavior, geopolitical risks) to form a well‐rounded market view. This consolidated analysis serves an educational purpose—always do additional research or consult a licensed professional before making trading or investment decisions.
PEPPERSTONE:GER40Long
by VidaDeTraderPT
USDCHF: The battle of 0.9000 - Sell or wait?Hello everyone, Ben here! USDCHF previously broke its uptrend as the fundamental landscape shifted, and the dollar entered a correction phase. Clearly, sellers are in control, as illustrated on the chart. Fundamentally, the situation is becoming more complex due to the tariff war initiated by Trump, with European countries responding in kind. Economic risks are rising. Additionally, with rumors of rate cuts from Trump and Powell, the dollar has entered a correction phase, which has had a positive impact on the forex market. From a technical perspective, the 0.9000 level plays a crucial role, as it represents a strong zone. If sellers manage to keep the price below this level, within the selling zone, it will confirm further downside movement. I also cannot rule out the possibility of a retest of the previous breakout range before a deeper decline. Emphasizing the 0.9000 level! Best regards, Bentradegold!
Short
by Bentradegold
EURUSD: Attempting to change the trendHello dear friends, Ben here! Currently, EURUSD is attempting to capture recovery due to the dollar's adjustment. The price is forming a reaction from the resistance channel consolidation before breaking out and growing further. Accordingly, after breaking through the trend channel resistance level, the price has moved into a consolidation phase around the range of 1.053 to 1.021. Within this, the price is testing the resistance level of 1.038. From this, we can argue that the market is still working to change its trend and become stronger against the dollar's adjustment. Resistance levels: 1.038, 1.053 Support levels: 1.033, 1.021 Emphasizing the resistance level of 1.038, with confirmation of consolidation above this level, there will be nothing stopping EURUSD from further growth. Best regards, Bentradegold!
Long
by Bentradegold
GOLD → Consolidating around 2921 — Poised for a Breakout!OANDA:XAUUSD continues its upward trajectory amid rising economic risks and a weakening dollar. The metal is currently testing resistance at 2921 and appears poised for further gains. The U.S. dollar has broken its bullish structure, driven by comments from the U.S. Treasury regarding potential rate cuts. This intervention has significantly influenced market sentiment. Theoretically, gold is unlikely to decline further due to trade war risks and expectations of a dovish Fed policy. Additionally, weak ADP employment data and PMI figures could provide further bullish momentum for gold. Key levels to watch are 2913 and 2903, which have already been tested and tapped into liquidity zones. Now, all eyes are on 2927—if this level holds, gold could retreat back to the 2913-2903 support zone. However, a breakout above 2927 could fuel further upside, with the next targets at 2942-2956. Share your thoughts, opinions, and questions—let's discuss what’s unfolding in the market!
OANDA:XAUUSDLong
by Bentradegold
AUDUSD BUY NOW 120 PipsLooking at the monthly charts, it seems like we've hit a key level where the price has bounced back up nicely. This indicates a shift in the overall trend, making it look like there's potential for some upward movement. Since the DXY (which tracks the strength of the dollar) is weakening, we might be able to ride this wave up and take advantage of the positive momentum in the market. It’s all about following the trend and going with the flow! Risk to reward is very lovely Follow me for your support Thank You
Long
by ShinForex1
F 5M DayTrade Long Conservative CounterTrend TradeConservative CounterTrend Trade + long impulse + exhaustion volume + change of trend + neutral zone Calculated affordable stop limit 1 to 2 R/R take profit 1H CounterTrend "- short impulse - unvolumed TE / T1 + support level + long volume distribution + volumed Sp" 1D CounterTrend "+ long impulse - biggest volume on correction - below SOS test level - below support level + 1/2 correction" 1M Trend "- short impulse + 1/2 correction - unvolumed T1 + support level + reverse volume approach + volumed manipulation" 1Y Trend "+ long impulse + volumed T2 level + volumed 2Sp+ + weak test"
NYSE:FLong
by MishaSuvorov
F 5M Daytrade Conservative CounterTrend TradeConservative CounterTrend Trade + long impulse + T1 level + support level + 1/2 correction + volumed 2Sp- Calculated affordable stop limit 1 to 2 R/R take profit 1H Countertrend "- short impulse - unvolumed TE / T1 + support level + long volume distribution + volumed Sp + test" 1D Trend "+ long impulse - biggest volume on correction - below SOS test level - below support level + 1/2 correction" 1M CounterTrend "- short impulse + 1/2 correction - unvolumed T1 + support level + reverse volume approach + volumed manipulation" 1Y Trend "+ long impulse + volumed T2 level + volumed 2Sp+ + weak test"
NYSE:FLong
by MishaSuvorov
XAU/USD trend in today's EUROPEAN and US session🔔🔔🔔 Gold news: 👉 February’s data increased the odds that the Federal Reserve (Fed) might cut interest rates thrice in 2025. Nevertheless, Fed officials, led by Chair Jerome Powell, had expressed that they did not look at just one month of data. 👉 In the meantime, US Treasury yields climbed amid fears that the global trade war could push prices higher. Consequently, the US Dollar Index (DXY), which tracks the Greenback’s value against six currencies, gains 0.14% to 103.55. 👉 On Wednesday, 25% US tariffs on steel and aluminum took effect at midnight as US President Donald Trump is battling to reduce the trade deficit by applying duties on imports. 👉The non-yielding metal is poised to extend its rally, even though there is progress on a truce between Ukraine and Russia. 👉 The World Gold Council (WGC) revealed that central banks continued to purchase Gold. The People’s Bank of China (PBoC) and the National Bank of Poland (NBP) added 10 and 29 tonnes in the first two months of 2025, respectively. Personal opinion: 👉 Gold has found new momentum to maintain its upward momentum, the 3000 da level is not far away. 👉Technically, RSI (1H) has entered the overbought zone and is showing signs of a reversal in the short term. This may be the best time to buy gold at a good price for you. Analysis: 👉 Based on important resistance - support and Fibonacci levels combined with Pivot points to come up with a suitable strategy 🔆 Resistance level: 2.948 2.956 2.70 🔆 Support level: 2.930 2.920 2.905 Plan: 🔆 Price Zone Setup: 👉Buy Gold 2.930 – 2.933 ❌SL: 2.926 | ✅TP: 2.937 – 2.942 – 2.949 👉Sell Gold 2.955 – 2.957 (Scalping) ❌SL: 2.961 | ✅TP: 2,952 – 2,948 – 2,943 👉Sell Gold 2,970 – 2,972 ❌SL: 2,976 | ✅TP: 2,965 – 2,960 – 2,955 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDLong
by FM-ForexMastermind
6
EUR/NZD Buy Trade Setup EUR/NZD Buy Trade Setup– Full Details 📌 Trade Parameters 🔹 Pair: EUR/NZD 🔹 Trade Type: Buy (Long) 🔹 Entry Point: 1.90600 🎯 Take Profit (TP): 1.91500 (+90 pips) 🛑 Stop Loss (SL): 1.90200 (-40 pips) ⚖ Risk-Reward Ratio: 1:2.25 (Good RRR ✅) 📊 Market Analysis & Trade Justification ✅ Technical Reasons for Entry Support Zone: 1.90600 is a strong support level where price previously reversed. Bullish Confirmation Needed: Look for bullish candlestick patterns (e.g., engulfing, pin bar, or hammer). Indicators for Confirmation: RSI: Should be above 50 (indicating buying momentum). MACD: Bullish crossover confirms upward momentum. Moving Averages: Price above 50 EMA and 200 EMA is a strong confirmation. ✅ Fundamental Factors EUR Strength or NZD Weakness: Check for any EUR-positive or NZD-negative news. Economic Events: Avoid high-impact news around your trade time (check Forex calendar). 📉 Risk Management Strategy ⚠️ Lot Size Calculation (Based on Account Size & Risk) Standard Formula: (Risk in $) ÷ (Stop Loss in pips × Pip Value) Example: If risking $100 and SL is 40 pips, use 0.25 lots (based on 10 USD/pip on 1 standard lot). ⚠️ Break-even & Trailing Stop Move SL to Entry: If price reaches 1.91000 (+40 pips). Partial Profits: Close 50% at +50 pips and let the rest run to TP. Trailing Stop: Adjust SL higher as price moves up (e.g., move SL to 1.90800 if price reaches 1.91200). 🛑 Trade Execution Plan 🔸 Step 1: Confirm entry conditions (bullish confirmation, indicators). 🔸 Step 2: Set Entry, SL, TP and ensure risk is within acceptable limits. 🔸 Step 3: Monitor price action and adjust SL if needed. 🔸 Step 4: Exit fully or partially as price moves in favor.
Long
by TradingStar090
PPI, gold price opportunity to create new ATH above 2956⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Core CPI, excluding volatile food and energy prices, eased from 3.3% in January to 3.1% year-over-year, signaling ongoing disinflation in the U.S. economy. Meanwhile, the Atlanta Fed’s GDPNow model projects a -2.4% contraction for Q1 2025, marking the first negative reading since the COVID-19 pandemic. Money market traders have adjusted their expectations for Federal Reserve easing in 2025, pricing in 71 basis points of rate cuts—down from 77 bps the previous day, according to Prime Market Terminal data. ⭐️Personal comments NOVA: Gold has accumulated, continues to grow and heads towards a new ATH: 2976 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2954 - $2956 SL $2959 scalping TP1: $2950 TP2: $2945 TP3: $2940 🔥SELL GOLD zone: $2975 - $2977 SL $2982 TP1: $2968 TP2: $2960 TP3: $2950 🔥BUY GOLD zone: $2920 - $2918 SL $2913 TP1: $2930 TP2: $2940 TP3: $2950 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
1
GBP/USD Trend During European and US Trading Sessions 🔔🔔🔔 GBP/USD news: 👉The Pound Sterling (GBP) holds onto its gains, trading slightly above 1.2900 against the US Dollar (USD) during Monday’s European session. The GBP/USD pair continues to strengthen as the US Dollar struggles to find momentum amid rising concerns about the US economic outlook. The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, remains cautious near a four-month low of 103.50. 👉Investor worries over the US economy have intensified following comments from US President Donald Trump on Friday. He suggested that his "America First" policies might cause short-term economic turbulence. While Trump did not explicitly outline the economic impact of his policies, he stated in a Fox News interview that the country is undergoing a "period of transition" due to significant changes. His remarks came in response to questions about whether his policies could trigger a recession. Personal opinion: 👉GBP/USD will continue to maintain its upward momentum in the long term because of economic developments. 👉The US 10-year bond yield is currently down 1.51%, further solidifying the upward momentum for GBP/USD today Analysis: 👉Based on important resistance - support levels and pivot points standard combined with SMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy GBP/USD 1.2870 - 1.2860 ❌SL: 1.2820 | ✅TP: 1.2930 - 1.2980 - 1.3030 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
2
PEAQ down 87% – Is it Time to Buy the Dip?PEAQ has been in a brutal downtrend, dropping 87% within 92 days and printing 9 straight weekly red candles, with the 10th currently red as it trades below the weekly open. Now, price is attempting to stabilise around the key $0.10 level, hinting at a potential high-probability long trade setup. Key Levels to Watch: Support: $0.10 (Price has been trying to hold this level for two days.) Resistance: $0.11 (A reclaim of this level increases the probability of a move higher.) Major Resistance: $0.1260 – $0.1280 (Weekly open + bearish order block.) Technical Confluences Supporting the Trade: The Fib retracement from $0.1337 to $0.0989 shows that the 0.786 Fib level ($0.1263) aligns with the bearish order block from the previous trading range. The weekly open at $0.128 strengthens the take-profit zone, making it a logical exit point. Price has failed to break below $0.10, signaling a possible accumulation phase. Long Trade Setup Entry: Around $0.10 Stop Loss: Below $0.0989 (Tight SL for minimal risk) Take Profit Target: $0.1260 (Right before key resistance) Risk-to-Reward (R:R): 17:1 🚀 (Risking only 1.5% to potentially gain 25%) Additional Play: If price reclaims $0.11 with strong volume, look for order flow confirmation to add to the position. The move towards $0.12+ could be quick, as there's little resistance in between. This setup offers a strong risk-reward ratio, making it an attractive trade with minimal downside and high upside potential. Watch for bullish momentum above $0.11, as that could confirm a stronger push to the weekly open at $0.128.
Long
by SiDec
4
#RUNEUSDT is showing signs of growth📈 Long BYBIT:RUNEUSDT.P from $1.161 🛡 Stop loss $1.140 🕒 1H Timeframe ⚡️ Overview: ➡️ The main POC (Point of Control) is at 1.08, indicating the area with the highest trading volume. ➡️ The 1.154 level acts as a local support, as the price previously bounced from this zone. ➡️ The volume and market profile highlight areas of high trader activity, especially in the 1.100 – 1.161 range. 🎯 TP Targets: 💎 TP 1: $1.174 💎 TP 2: $1.185 💎 TP 3: $1.195 📢 Monitor key levels before entering the trade! 📢 If 1.140 is broken downward, the trade may be invalidated. 📢 If the price holds above 1.161 and continues rising, the bullish momentum remains intact. BYBIT:RUNEUSDT.P is showing signs of growth — expecting further upside movement!
Long
by MoriartyTrading
#XLMUSDT is showing signs of growth📈 Long BYBIT:XLMUSDT.P from $0.26325 🛡 Stop loss $0.25955 🕒 1H Timeframe ⚡️ Overview: ➡️ The main POC (Point of Control) is at 0.25511, indicating the area with the highest trading volume. ➡️ The 0.25955 level acts as a local support, as the price previously bounced from this zone. ➡️ The volume and market profile highlight areas of high trader activity, especially in the 0.24984 – 0.26325 range. ➡️ The chart shows a forming bullish structure, confirming the potential for further upward movement. 🎯 TP Targets: 💎 TP 1: $0.26630 💎 TP 2: $0.26930 💎 TP 3: $0.27240 📢 Monitor key levels before entering the trade! 📢 If 0.25955 is broken downward, the trade may be invalidated. 📢 If the price holds above 0.26325 and continues rising, the bullish momentum remains intact. BYBIT:XLMUSDT.P is showing signs of growth—expecting further upside movement!
Long
by MoriartyTrading
Gold trend in European and American sessions today🔔🔔🔔 Gold news: 👉A cautious atmosphere dominates ahead of the release of US consumer inflation data, keeping Gold prices fluctuating within a tight range. The US Dollar (USD) sees a slight rebound as traders take profits after its recent decline. 👉The renewed strength in the USD and rising US Treasury bond yields are limiting Gold's recovery. However, if the annual headline and core CPI figures come in weaker than expected, it could strengthen expectations of Federal Reserve interest rate cuts this year. In that case, the USD and bond yields may come under pressure, providing a boost to Gold, which does not offer interest. 👉Conversely, if inflation data exceeds market expectations, Gold could give up its recent gains and decline further. Strong CPI numbers would support the Fed's cautious stance on inflation and rate cuts, potentially weighing on Gold prices due to its lack of yield appeal. Personal opinion: 👉Gold is waiting for CPI news so it will run sideways in the 2,900 - 2,930 range 👉The Bullish Pennant pattern is gradually appearing, signaling a gold rally 👉At the same time, the SMA in this area is a strong support zone for gold prices, so it is difficult to break down Analysis: 👉Based on resistance - support levels and SMA combined with price action to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy Gold 2,909 - 2,911 (European session) ❌SL: 2,904 | ✅TP: 2,915 - 2,920 - 2,930 👉Sell Gold 2,928 - 2,930 (European session) ❌SL: 2,934 | ✅TP: 2,925 – 2,920 – 2,910 👉Buy Gold 2,900 – 2,902 ❌SL: 2,895 | ✅TP: 2,906 – 2,912 – 2,920 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDLong
by FM-ForexMastermind
3
USD/CAD Trend in US Session Today🔔🔔🔔 USD/CAD news: 👉DXY is currently at 103.4, its lowest since November 5, 2024. A break of this level could see DXY fall further. The pair has been losing ground as the US dollar struggles amid concerns that tariff uncertainty could push the US economy into recession. 👉The RSI (1H) is currently entering extreme overbought territory and shows no signs of stopping. 👉The US 10-year bond yield is also down 0.21%, further weighing on the US dollar. 👉On the other hand, CIBC analysts expect the Canadian central bank to cut 25 bps on Wednesday, lowering its benchmark rate to 2.75%, with more cuts to follow this year if trade uncertainty persists. The rising bets of further BoC rate reductions could undermine the CAD and help limit the pair’s losses. Personal opinion: 👉DXY's RSI (1H) enters the overbought zone, so watch this area closely. Moreover, 103.3 is a strong support zone, so there may be signs of a reversal in the short term Analysis: 👉Based on important resistance - support levels and Fibonacci combined with trend lines to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy USD/CAD 1.4410 - 1.4400 ❌SL: 1.4370 | ✅TP: 1.4450 - 1.4490 - 1.4550 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
XAU/USD Trend in European and American Trading Sessions 🔔🔔🔔 Gold news: 👉Amid Trump's protectionist policies, market concerns over a potential US recession persist, raising expectations that the Federal Reserve (Fed) may opt for interest rate cuts this year. This outlook continues to exert downward pressure on the US Dollar (USD) and US Treasury bond yields, helping to support Gold prices. 👉During a Fox News interview on Sunday, President Trump referred to a "period of transition" but refrained from predicting whether his tariff policies could trigger a recession, adding to market uncertainty. He also mentioned that the administration is considering various aspects of tariffs on Russia. 👉Nevertheless, Gold prices might face challenges if the US-Ukraine Summit in Saudi Arabia on Tuesday results in a bilateral minerals agreement, potentially paving the way for an end to the Ukraine-Russia conflict. 👉Tensions remain high ahead of the peace talks, especially after a heated argument between Ukrainian President Volodymyr Zelenskyy and Trump during a February 28 Oval Office meeting, which ultimately led to the US halting all military aid to Ukraine. Personal opinion: 👉Gold price will continue to increase in the upcoming European and American sessions 👉Currently, RSI (15m) is entering the overbought zone and showing signs of a slight decrease. However, this could be a retracement of the trend line after the Break and continue to gain momentum. Consider the 2,900 area to buy at the best price Analysis: 👉Based on important resistance - support levels and Fibonacci combined with the trend line to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy Gold 2,897 - 2,900 ❌SL: 2,894 | ✅TP: 2,905 - 2,910 - 2,915 👉Sell Gold 2,911 - 2,913 (European session) ❌SL: 2,916 | ✅TP: 2,906 – 2,901 – 2,895 👉Sell Gold 2,928 – 2,930 ❌SL: 2,935 | ✅TP: 2,922 – 2,917 – 2,910 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDLong
by FM-ForexMastermind
2
SUI - Short or Long? The Ultimate SUI Trade BlueprintHere’s an update to the analysis I did one month ago on February 10. Since then, SUI has continued to show its bearish tendencies—making lower highs and lower lows. After that dramatic 30% drop from a golden pocket short opportunity, the price started inching up on low volume. This weak rally suggests that while buyers are testing the ceiling, the overall trend remains down. That sets the stage for two possible plays: a short trade if the price reaches the resistance zone, and a long trade if it bounces off a strong support level. 1. Identification of Support and Resistance Zones Resistance Zone (for the Short Trade): Daily Resistance: ~2.7888 Point of Control (POC): Around 2.8035 Monthly Open: 2.83 0.618 Fibonacci Retracement: 2.8711 All these levels combine to create a robust resistance area where sellers are likely to step in. Support Zone (for the Long Trade): $2 Psychological Level: A key round number that attracts attention. 0.7 Fibonacci Retracement: Derived from the swing low of $0.4625 to the high of $5.3687, this places an important level at 1.9344 (just below $2). Monthly Bullish Order Block: At 1.9137, indicating buying interest. Fib Speed Fan (0.786): Points to support near the $2 mark. POC: 2.0225 Anchored VWAP: Calculated from the deep low at $0.362, which again aligns around $2. These multiple layers of confluence make the $2 area a strong support zone and an attractive entry point for a long trade. 2. Short Trade Setup The Plan: Building a short position gradually using a laddering strategy. With a $15,000 allocation from a $100,000 account, scale in at different levels to keep risk in check. Scaling In (Entry Levels): Entry # Entry Price % of Position Amount Invested ($) 1 2.6808 5% $750 2 2.7070 5% $750 3 2.7314 10% $1,500 4 2.7552 10% $1,500 5 2.7755 10% $1,500 6 2.7990 15% $2,250 7 2.8242 20% $3,000 8 2.8485 25% $3,750 Total: Avg. ~2.7924 $15,000 Stop Loss: Set at $3.07, limiting the risk to about $1,506 (roughly 10% of the trade allocation or 1.51% of the account). Scaling Out (Exit Levels): Exit Cover Price % of Position Amount Paid to Cover ($) 1 2.7925 5% $750.02 2 2.1715 5% $583.23 3 2.1365 10% $1,147.66 4 2.0981 20% $2,254.07 5 2.0630 20% $2,216.36 6 2.0257 10% $1,088.14 7 1.9930 15% $1,605.87 8 1.9625 15% $1,581.29 Outcome: Total: Avg. ~2.09 $11,226.65 Net Profit: $15,000 (initial proceeds) – $11,226.65 (cost to cover) = $3,773.35 Profit % on Trade: +25.16% Risk-to-Reward Ratio (R:R): Approximately 2.51 This laddering approach helps to secure profits at various levels while managing the risk effectively. 3. Long Trade Setup The $2 support zone is a magnet, backed by multiple confluences. When SUI tests this area and shows signs of a rebound, it sets up a great opportunity to go long. Key Support Details: $2 Psychological Level: A well-watched price point. 0.7 Fibonacci Retracement: Places a key level at 1.9344 from the low ($0.4625) to the high ($5.3687). Monthly Bullish Order Block: At 1.9137, adding to the support. Fib Speed Fan (0.786): Confirms support near $2. POC & Anchored VWAP: Both clustering around $2 (POC at 2.0225 and VWAP from a low of $0.362). Trade Details: Entry: Buy at $2.00 Target: Sell at $2.337 for an approximate 20%+ gain Stop Loss: Set just below $1.80 to protect against further downside Risk-to-Reward Ratio: About 2.44 or better Wrapping It Up In this dual-setup strategy, we're well-prepared for different market outcomes: Short Trade: If SUI rallies into the tightly clustered resistance zone, scale into a short with defined entries, exits, and a stop loss that caps our risk at about 1.51% of the account. Exit ladder aims for an average cover price of around $2.09, netting a neat profit of approximately $3,773 (or +25.16% on the trade). Long Trade: Conversely, if SUI finds strong footing at the confluence-rich $2 support zone, we can flip to a long position. Entering at $2.00, with a target of $2.337 and a stop loss below $1.80, gives an attractive risk-to-reward ratio of roughly 2.44. This approach lets us capitalise on both sides of the market. Keep an eye on volume and price action. Happy trading! P.S. If you have any coin requests, feel free to share them in the comments. I will be selecting one or two for the next TA.
Short
by SiDec
4