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Neiro Ethereum ($NEIRO) Surges 10% on Partnering With DWF LabsNeiro Ethereum ($NEIRO), the dog-themed meme coin, has seen a sharp rise in market performance following a strategic partnership with DWF Labs, one of the leading Web3 investors and market makers. The collaboration has fueled positive market sentiment, driving the coin’s price up nearly 10%, with traders and investors eyeing further growth as the project positions itself for broader market expansion. DWF Labs Partnership Sparks Optimism On October 18, Neiro Ethereum made a major announcement on X (formerly Twitter), stating, “We are thrilled to partner with DWF Labs, a new generation Web3 investor and market maker.” The partnership is expected to bolster Neiro’s market presence and drive future growth. Market participants have reacted positively, as the meme coin continues to gain momentum with investors optimistic about the long-term prospects of this partnership. While details of the collaboration are yet to be fully disclosed, the news has already had an immediate impact on market sentiment. Traders and investors alike have shown increased interest, as evidenced by the rising price and trading volume of $NEIRO. Factors Driving NEIRO’s Price Surge This new partnership with DWF Labs is significant for several reasons. As a reputable market maker, DWF Labs can provide essential liquidity, stability, and market expansion for the Neiro Ethereum token. This collaboration comes at a crucial time when meme coins, especially those with strong community backing like $NEIRO, are becoming more integrated into mainstream crypto markets. With this partnership, Neiro ($NEIRO) aims to strengthen its market position, increase token liquidity, and expand its community presence. The coin’s 10% surge in price has caught the attention of investors, while the 17% spike in intraday trading volume reflects the positive market reception to the news. Technical Analysis At press time, $NEIRO is trading at $0.00197, up 10% in the past 24 hours. The coin's recent trading volume has surged by 17%, demonstrating robust buying interest from traders. On the technical side, $NEIRO is trading with a moderate Relative Strength Index (RSI) of 53, suggesting that the asset is neither overbought nor oversold, leaving room for more upward momentum. The token is currently moving above key moving averages, confirming a bullish continuation pattern. This pattern aligns with previous behavior where $NEIRO tends to spike following consolidation phases. If the bullish momentum fades, key support levels are expected around the $0.0017 pivot point, which should help stabilize the price. Furthermore, data from Coinglass reveals a 9% increase in open interest (OI) for $NEIRO futures contracts, bringing OI to $81.47 million. This, combined with a 13% rise in derivatives trading volume to $628.75 million, suggests increased speculative interest in the token and adds to the overall bullish outlook. Broader Market Context Neiro Ethereum’s rise is also in line with broader gains seen across the meme coin sector. Many meme tokens have experienced significant growth lately, capitalizing on increased speculative trading and renewed interest in the altcoin space. $NEIRO’s recent weekly and monthly price action underscores this trend, with gains of 7% and 32%, respectively. As the partnership with DWF Labs continues to unfold, market participants are eager to see how this collaboration impacts Neiro Ethereum’s long-term trajectory. With the token already making strides in a competitive sector, its price action remains under close watch as traders anticipate further developments. Conclusion The partnership between Neiro Ethereum and DWF Labs has ignited optimism across the market, resulting in a 10% surge in $NEIRO’s price. As a meme coin with growing traction, Neiro is poised to benefit from the increased liquidity, market growth, and community expansion this collaboration offers. With bullish technical indicators and strong market sentiment, $NEIRO may continue its upward momentum, solidifying its place in the meme coin space
Long
by DEXWireNews
Dogecoin Analysis==>>Bat Harmonic Pattern!!!Today, I want to analyze the Dogecoin(DOGE) project for you. On-chain analysis shows that Dogecoin has seen rising active addresses and transaction volumes, reflecting growing adoption. While Dogecoin has faced price volatility, investors remain optimistic about its future as a lightweight and fast transactional currency. Regarding Technical Analysis , Dogecoi n is moving near the upper line of the symmetrical triangle , Potential Reversal Zone (PRZ) , Resistance lines and 200_SMA(Daily) . So, Dogecoin faces some resistance. Also, Dogecoin(DOGE) was able to make a Bearish Bat Harmonic Pattern . I expect Dogecoin will fall to $0.119(at least/-10%) . Dogecoin Analyze ( BINANCE:DOGEUSDT ), Daily time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
SHIBA INU at a Critical Level (Daily to 30-Minute Time Frame)As requested by a follower, here’s the follow-up to my last chart. SHIB is now sitting at a critical 0.0000177 support level. Will it hold, or are we heading lower to 0.00001666? Key Levels to Watch: Support: 0.0000177 Bearish Target: 0.00001666 Current Trend: If buyers hold 0.0000177, we could see a rebound toward higher levels. If sellers increase pressure, expect a drop to 0.00001666 before any potential reversal. What to Watch: Monitor volume—bulls need to step in soon. Keep an eye on the 30-minute chart for signs of a bounce or breakdown. Appreciate your engagement. Let me know if this helps. Bullish or bearish, what’s your take? MB Trader Trade What you see
CRYPTO:SHIBUSD
by Mindbloome-Trading
2
Arthur Hayes and the Church of Smoking Chicken Fish: A Deep DiveArthur Hayes, co-founder and former CEO of BitMEX, has once again shaken up the crypto world, but this time it’s not about Bitcoin or Ethereum—it’s about meme coins. In a recent essay, Hayes revealed that due to escalating geopolitical tensions, he has drastically reduced his meme coin portfolio. Remarkably, the only meme coin he’s held onto is MIL:SCF (Church of Smoking Chicken Fish). What makes MIL:SCF special, and why is Hayes betting on this under-the-radar token? Arthur Hayes' Move Hayes’ decision to sell off most of his meme coins is notable, especially in light of the broader cryptocurrency market's volatility amid geopolitical tensions. Following Iran’s missile attack on Israel, Hayes expressed concerns about the potential for major losses in an already uncertain market. His strategic reduction highlights the unpredictability of how crypto assets, especially meme coins, will respond to global conflicts. However, in a surprising move, he held on to MIL:SCF , a relatively obscure meme coin, signaling his belief in its long-term potential despite the market's inherent volatility. According to Hayes, The only meme coin I currently have is "Church of Smoking Chicken Fish (SCF)." This vote of confidence suggests that there might be something fundamentally unique about MIL:SCF that sets it apart from other meme coins. What is MIL:SCF (Church of Smoking Chicken Fish)? MIL:SCF is one of the latest meme coins to capture attention, blending humor and speculation in a way that appeals to retail traders looking for explosive growth. Meme coins have been an exciting subset of the cryptocurrency space, characterized by high risk and high reward. While many such tokens fizzle out after initial hype, MIL:SCF has garnered an unusual level of attention, especially with a high-profile investor like Hayes keeping it in his portfolio. The Technical Outlook for MIL:SCF : What the Charts Say On the technical front, MIL:SCF is showing signs of consolidating, as it currently trades at $0.1011, down from its all-time high of $0.14. With an RSI of 44, the token is not yet in oversold territory but is dangerously close to testing key support levels. The token is testing its only real resistance level at $0.1019. A breakout above this level could signal "blue skies" ahead, suggesting significant potential upside. On the downside, MIL:SCF has a key support level at $0.1011. If the token fails to hold this level, further declines could occur. However, should it hold, MIL:SCF could consolidate and build momentum for another push upward. While currently trading 8% down, MIL:SCF has been consolidating within a channel, which is a typical pattern seen before a potential breakout. Traders and investors alike will be watching closely to see whether MIL:SCF can breach its resistance and stage a comeback rally. Volatility and Market Sentiment Like many meme coins, MIL:SCF is subject to significant volatility. However, the ongoing community support, combined with Hayes' public backing, adds a layer of bullish sentiment that could drive renewed interest in the token. Additionally, Arthur Hayes' continued investment in pre-sale tokens and less liquid meme coins through his firm Maelstrom** indicates that he's positioning himself for future opportunities while holding a strategic position in $SCF. Why Hayes Chose MIL:SCF Over Other Meme Coins While Hayes hasn't disclosed the full reasoning behind his preference for MIL:SCF , we can infer several factors that may have influenced his decision: 1. Low Risk, High Reward Potential: Given MIL:SCF ’s relatively low price and market cap compared to larger tokens, the potential upside may far outweigh the risk for Hayes. 2. Limited Downside: With MIL:SCF already down 8%, the token could be close to its floor, making it a strategic hold during volatile periods. 3. Community and Meme Culture* Meme coins like MIL:SCF thrive on community-driven hype. As the only meme coin in Hayes' portfolio, MIL:SCF could benefit from renewed attention following his endorsement. The Bigger Picture: A Strategic Play in a Volatile Market Arthur Hayes' decision to reduce his meme coin exposure while retaining MIL:SCF reflects a broader trend among crypto investors—moving towards safer, more predictable assets during times of uncertainty. However, by holding MIL:SCF , Hayes is also betting on the continued popularity of meme coins, which have shown remarkable resilience in past market cycles. While Bitcoin’s long-term growth prospects remain intact, Hayes acknowledges the high volatility of meme coins and the potential collapse of weaker projects. By choosing MIL:SCF , he’s positioning himself in a way that limits risk while still keeping a foot in the meme coin market, which could offer explosive gains during the next bull run. Conclusion: Will MIL:SCF Break Out or Fade Away? MIL:SCF is at a critical juncture. With Arthur Hayes standing behind it, the coin has the potential to gain significant traction. However, whether it can break through its key resistance level and return to its all-time highs remains to be seen. For now, MIL:SCF offers a high-risk, high-reward play that appeals to both speculative traders and meme coin enthusiasts.
Long
by DEXWireNews
Elon Musk’s $75 Mln Donation to Trump & the Impact on DogecoinCould CRYPTOCAP:DOGE Hit $1? In a striking move, Elon Musk, one of the most influential figures in both tech and crypto, has once again made headlines—this time for his massive $75 million donation to support Donald Trump’s presidential campaign. As Musk campaigns for Trump, Dogecoin ( CRYPTOCAP:DOGE ), the meme cryptocurrency Musk has championed, has seen a surge in price. Could this lead CRYPTOCAP:DOGE to hit $1? Elon Musk’s Role in Trump’s Campaign Musk’s $75 million donation to the America PAC, a pro-Republican group supporting Donald Trump, has positioned him as one of Trump’s top donors. This America PAC, which Musk created, champions core values such as secure borders, sensible spending, and free speech—principles that align with Trump’s policy objectives. Musk's political move also includes a series of campaign talks in Pennsylvania, one of the key battleground states in U.S. presidential elections. His influence in boosting Trump’s odds in Pennsylvania has already become apparent, with data revealing that Trump is 14% ahead of Kamala Harris in the state. Beyond the donation, speculation has risen about Musk’s role in the proposed "Department of Government Efficiency" (DOGE), a political initiative tied to Trump’s vision for improving government operations. This has led to renewed optimism for Dogecoin, with traders and investors anticipating a strong correlation between Musk’s political influence and CRYPTOCAP:DOGE ’s price trajectory. DOGE Price Gains Amid Political Buzz As of the time of writing, Dogecoin ( CRYPTOCAP:DOGE ) is trading at $0.1247, up nearly 7% in the last 24 hours. This surge comes despite broader selloffs in the crypto market, showing Dogecoin’s resilience. Volume has also spiked by over 50%, indicating renewed interest and momentum for the meme coin. Investors have flocked to CRYPTOCAP:DOGE , speculating that Musk’s close ties to the Trump campaign and potential government positions could help propel the coin higher. Rumors of Dogecoin reaching $1 have started circulating again as Musk’s political moves boost both optimism and price action. Technical Outlook From a technical perspective, Dogecoin ( CRYPTOCAP:DOGE ) is currently riding a wave of bullish momentum. The coin is trading above key moving averages, such as the 50-day and 100-day moving averages, which is a strong bullish indicator. CRYPTOCAP:DOGE has been in a prolonged falling wedge pattern, a classic bullish reversal setup. The Relative Strength Index (RSI) currently sits at 67, just below the overbought territory. This indicates that while CRYPTOCAP:DOGE still has room to grow, traders should be cautious of a potential short-term correction if the RSI crosses into the overbought range. Immediate resistance is set at the $0.15 pivot point. If CRYPTOCAP:DOGE breaks through this level, it could move into a more aggressive bullish phase, potentially pushing toward the much-anticipated $1 mark. However, failure to break this resistance could see the coin retrace to its support level around $0.12. Below this, CRYPTOCAP:DOGE could revisit its one-month low of $0.10. Is CRYPTOCAP:DOGE Primed for Growth? Dogecoin’s fundamental outlook has always been heavily tied to Elon Musk’s influence, and this latest move adds more fuel to the fire. Musk’s advocacy for the cryptocurrency and his high-profile donation to Trump’s campaign have bolstered confidence in the coin. Musk’s public appearances and ongoing support for Dogecoin ( CRYPTOCAP:DOGE ) have previously sparked massive price surges, as seen when CRYPTOCAP:DOGE rallied to $0.74 in 2021. With the upcoming U.S. election and Musk’s increased visibility, the possibility of a similar rally is not out of the question. Additionally, Musk’s involvement in the proposed "Department of Government Efficiency" ( CRYPTOCAP:DOGE ) under a Trump administration could provide CRYPTOCAP:DOGE with newfound utility, further elevating its value. This initiative could serve as a bridge between traditional governance and decentralized financial solutions, potentially opening doors for CRYPTOCAP:DOGE in the policy arena. What’s Next for Dogecoin? As the U.S. presidential election draws closer, CRYPTOCAP:DOGE may continue to see heightened volatility, driven largely by political developments and Musk’s involvement. If the momentum continues and Dogecoin breaks through key resistance levels, the $1 milestone could become a reality. For now, the immediate focus is on whether CRYPTOCAP:DOGE can maintain its bullish momentum as it approaches the $0.15 resistance. Investors are keeping a close eye on both the crypto market and the broader political landscape, which will likely have a profound impact on the meme coin’s future. Conclusion Elon Musk’s $75 million donation to Trump has not only amplified the political discourse but also reignited excitement for Dogecoin ( CRYPTOCAP:DOGE ). While CRYPTOCAP:DOGE has already seen impressive gains, much hinges on the upcoming election and whether Musk’s influence can continue driving the meme coin higher. Both technically and fundamentally, CRYPTOCAP:DOGE is positioned for potential growth, but as with any asset, caution and careful monitoring of market conditions are key. Could CRYPTOCAP:DOGE hit $1? Only time will tell, but with Musk’s backing, nothing seems impossible.
Long
by DEXWireNews
NEIROUSDT: A Billion-Dollar Surge is Coming! After a successful breakout from resistance, NEIROUSDT has undergone a healthy retracement and is now bouncing back from strong support levels. With momentum building, we anticipate that NEIROUSDT will soon cross the $1 billion market cap, joining the ranks of the billion-dollar meme coin club. The current bullish trend in the meme coin market further supports our expectation of significant upward movement. Don’t miss out on this exciting opportunity—keep an eye on NEIROUSDT as it gears up for potential explosive gains! Happy trading! NEIROUSDT Currently trading at $0.00197 Buy level: Above $0.0019 Stop loss: Below $0.0015 TP1: $0.0022 TP2: $0.0025 TP3: $0.003 TP4: $0.004 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Turbo Token: The AI-Driven Memecoin Poise to Reach New HighsTurbo Token ( MYX:TURBO ), the first-ever memecoin created entirely by AI, continues to capture the interest of both crypto and tech enthusiasts. Launched in September 2023, the ERC-20 token quickly gained traction, reaching a market cap of over $400 million. This unique AI-driven project, built with the assistance of OpenAI's GPT-4, boasts a total supply of 69 billion tokens, with a community-driven development ethos and transparent governance structure. As of now, the token has caught the attention of traders, thanks to its innovative use of AI and its decentralized nature. Price Performance and Market Potential Since its debut, MYX:TURBO has experienced remarkable market activity, hitting an all-time high of approximately $0.00982844 in May 2024. It has been highly volatile, with its value largely fluctuating based on market sentiment—typical behavior for meme coins. However, Turbo Token's strong branding as an AI-created project distinguishes it from other meme coins, contributing to its significant following. One of the key factors driving MYX:TURBO 's growth is its unique positioning in the market, combining the hottest trends: cryptocurrency, meme culture, and AI. As a result, the token has enjoyed robust community engagement and high trading volume, with daily trading exceeding $100 million. Technical Analysis While MYX:TURBO 's price is currently down3.84% in Tuesday's trading session, it remains poised for potential future growth. The Relative Strength Index (RSI) sits at 75, indicating the token is overbought. However, this consolidation phase could present an opportunity for a future surge. Price support is currently at $0.00955, a critical pivot point that could see the token gain momentum in the near future. AI Appeal and Community-Driven Growth Turbo Token's strong community-driven approach, combined with its AI origins, helps it stand out in an increasingly competitive meme coin space. The project's narrative as an AI-created cryptocurrency appeals to both tech enthusiasts and crypto investors, creating a loyal base of potential supporters. The token's future performance will depend heavily on its ability to maintain this community engagement, as well as its capacity to leverage its AI-centric branding. Turbo Token's renounced contract ensures decentralization, which adds to its credibility and appeal, particularly for those looking for a transparent, community-focused investment. ### Factors That Could Drive TURBO Price Looking ahead, MYX:TURBO has the potential to see a price surge of 10 to 50 times. This growth, however, depends on several factors: - Community Engagement: The token's community-driven development and its AI origins give it a unique appeal. If MYX:TURBO can continue to build its community and leverage its narrative effectively, it could see significant gains in the future. - Meme Coin Market Potential: As seen with coins like DOGE and Shiba Inu, meme coins can experience exponential growth fueled by social media-driven hype. If MYX:TURBO can capitalize on social media trends and maintain community engagement, it could see similar rapid gains. Risks and Challenges While there is significant potential for MYX:TURBO , there are also risks. The meme coin market is highly speculative, and sustaining interest until 2025 would require continuous community engagement and possibly new use cases or partnerships. Without these factors, MYX:TURBO could face significant sell-offs, particularly if it doesn't offer clear value beyond its meme appeal. In addition, regulatory risks pose a challenge for all cryptocurrencies, particularly meme coins. Any regulatory actions targeting meme coins or restrictions on trading could negatively impact MYX:TURBO 's price. Lastly, competition within the meme coin space is fierce, with established players like DOGE and SHIB dominating the market. To stand out, Turbo Token will need to differentiate itself further, potentially by offering innovative features or enhanced utility tied to its AI-driven origins. Conclusion Turbo Token is positioned as a unique, AI-driven meme coin with substantial growth potential. While the token faces challenges in terms of volatility, competition, and regulatory risks, its strong technical indicators, community-driven development, and AI-centric branding suggest it could achieve significant gains. For investors looking for exposure to both AI and the meme coin craze, MYX:TURBO is worth keeping an eye on, particularly as the crypto market gears up for its next bullish run.
Short
by DEXWireNews
2
DC. Everything new is a well-forgotten old.The global descending channel formed in April is currently under pressure. The price has been testing the resistance line for two weeks. The potential breakout looks interesting for two reasons: 1. The price target of the channel breakout with a probable time lag, which is due to the formation of an equilateral triangle, curiously coincides with reference points from more than six months ago. 2. The price target of the channel breakout with a probable time lag, which is due to the formation of an equilateral triangle, curiously coincides with the trading area from more than six months ago.
by Tropnik
FWOG Top 10 Meme for 2024-2025 Cycle Review of FWOG Technicals: FWOG follows a unique cycle of growth and accumulation, providing opportunities for both short-term and long-term investors. FWOG has exhibited a steady upward trend (Green), often characterized by sharp bullish movements (on the RSI green arrow) followed by periods of consolidation or "accumulation." (Yellow Arrow and Yellow Rectangle) This pattern suggests that the coin is building strong support levels, allowing for healthy growth without severe volatility. The accumulation phases are seen as a period where buyers consolidate their positions, preparing for the next leg up. Next Move: ReAccumulation for now to end of October with a move forward as this meme/alt coin cycle keeps pushing up. I can see market cap reaching 300k in the next month. Current: $0.1687 Price target: $0.33 - $0.37 for this next move Longer term: $0.89 - $1.2 Fundamentals Current Analytics: 162 Million Market Cap 21.5k Holders Growing CEX listing list: MEXC, CoinEx, XT, Gate.io New Listings: Crypto.com, Bitmart, LBank Social Media: x.com Followers: 21.9K Meme Community Outlook: Look at their twitter the creative and engagement is insane. x.com Memes are all about growing the cult community and having a reason to stay. The steady increase in holders, closely mirrors the number of followers on Twitter. This correlation suggests that as more people discover and engage with FWOG on social media, they are also taking the step to become holders, reflecting growing confidence and community support around the coin. Easily can grow to more followers = Increase in Holders = Price growth = Market Cap increases = more public acknowledgement = FWOG grows to Top 10 meme in this 2024 - 2025 cycle. Holders: In recent days, there has also been a surge in large-scale purchases of FWOG. On-chain data reveals that more significant investors, or "whales," are buying substantial amounts of the coin, reinforcing the upward trend. This activity indicates strong market sentiment, with key players accumulating FWOG during its consolidation phases, possibly in anticipation of further price increases. The combination of growing user numbers and large-scale buying reflects a healthy demand for the coin, supporting its recent upward movements. If you do not know how to look at insider trades you need to learn how to use solscan.io and look at the holders page solscan.io Look at big addresses to see there transfers and portfolio for insider information. Wisdom: BUY FWOG - Strong Community - Whales are taking profits on small projects and reinvesting in their fwog positions. Strong Creative. You are not Late at 162 Million Market Cap this coin can grow into 500 Million Market Cap in the next months and reach 1 - 3 Billion Market Cap at the top of the cycle. You are early! Picking your Meme winners that you have conviction in and holding will get you the gains you want and deserve for this cycle. $FWOG
MEXC:FWOGUSDTLong
by Alt-Frodo
2
Shiba (SHIB) – Return to the Right Shoulder of a Head & ShoulderOn the 4H chart, Shiba shows a return to the right shoulder of a “Head & Shoulders” pattern. The price is near a significant resistance level. If this resistance is broken, the next target is at the upper resistance level. Trading Scenario: • Long: If the resistance is broken, aim for the next resistance level to take profits. • Short: If the price is rejected at the resistance, a pullback to lower levels is possible.
Long
by rebenga93
TURBO is really preparing for Turbo mode (TA + trade plan by BF)Technical Analysis by Blaž Fabjan Falling Wedge Pattern: The chart displays a falling wedge, which is a bullish continuation pattern. Typically, this pattern signifies a potential breakout to the upside as the price consolidates before resuming its upward trend. The wedge is identified with the resistance (upper line) and support (lower line) converging. The price is nearing the apex, suggesting that a breakout may be imminent. Volume: The volume seems to be relatively stable. A breakout from the wedge with a corresponding increase in volume would confirm the strength of the move. In falling wedge patterns, diminishing volume during the consolidation phase is common, which aligns with the current scenario. Traders should watch for volume spikes on a breakout. Indicators: VMC Cipher_B Divergences: The indicators at the bottom are showing several divergences. Notably, the green dots (or divergence indicators) suggest potential bullish momentum building up. RSI (Relative Strength Index): The RSI is around the 47.49 mark, suggesting a neutral zone, neither oversold nor overbought. An upward movement in RSI above 50 would signal increased bullish momentum. Stochastic Oscillator: The Stochastic Oscillator is at 62.61 (with the signal line at 58.17), indicating moderate bullish momentum. The oscillator has moved upward from a lower level, which could be a prelude to a potential bullish breakout. Support and Resistance: Support: The lower line of the falling wedge around 0.00625 USDT acts as a key support zone. Resistance: The upper line of the wedge around 0.00685 USDT acts as resistance. A break above this level could lead to significant price appreciation. If the price breaks the 0.00685 USDT resistance with strong volume, it could test the 0.0075 USDT area and beyond. Trading Plan: Entry: Aggressive Entry: Consider entering the trade now, near the bottom of the falling wedge, around the 0.0064 USDT area, expecting the wedge to break out soon. Conservative Entry: Wait for a confirmed breakout above the wedge's resistance at 0.00685 USDT. Look for a close above this level with a volume spike to confirm the breakout. Stop Loss: Place a stop-loss below the support of the wedge, around 0.0062 USDT. This gives room for minor price fluctuations but protects against a downside breakout. Take Profit Targets: First Target: 0.0075 USDT (measuring the height of the wedge and projecting it from the breakout point). Second Target: 0.0080 USDT (psychological resistance level). Final Target: If momentum continues strong, 0.0085-0.0090 USDT. Risk Management: Risk 1-2% of your portfolio on this trade. Ensure a risk/reward ratio of at least 1:3 for a favorable setup. Monitor the RSI and Stochastic: If the RSI rises above 50 and the Stochastic Oscillator continues to trend upward, the likelihood of a breakout increases. Exit Strategy: In case the wedge pattern fails and the price breaks down below 0.0062 USDT, exit the trade to avoid larger losses. If the price hits the first target (0.0075 USDT), consider taking partial profits and moving your stop loss to break-even to secure the trade. Summary: Potential breakout: The chart is indicating a falling wedge continuation pattern with a potential breakout to the upside. Indicators are showing neutral-to-bullish signals, and volume is crucial for confirming any upcoming breakout. Risk/Reward: Set up your entry points based on either a more aggressive or conservative approach, but ensure proper risk management and stop-loss placement. Monitor the price action closely as it approaches the resistance, and act accordingly based on confirmation signals.
Long
by elfabiiani
1