FOMC news release, preparing for short positions BTC ended up printing a swing pattern failure. So I am now preparing for shorts positions and this chart shows when I am anticipating to find my best entries on those. This chart also shows that I am not looking to take any long positions unless we see a strong move higher form the buyers.
So I am preparing for short positions now but waiting for the right signal from BTC. And when it’s time to enter, we need to have positions ready. This may happy overnight or when I’m not able to post so wanted to share some setups that I am watching. The idea here is NOT to enter all of them, but to choose the ones that look the best when BTC is in it’s rejection area or sell pressure is showing up. The best way to manage these is to set alerts on each one on TradingView so you are alerted when each is near our target zone.
I won’t be providing much detail on each of these setups as they are all very similar. Really just wanting to see price action come back and bearishly retest the recent resistance.
People
✅PEOPLE : BREAKOUT TREND ON HIGH TARGET✅People seem very interested in the low time frame and breakout.
High target 0,08 ( we have seen before breakouts of 200% on people) ( this can be long term target, so don't expect it will go in 1 day)
Before this targets are more low time frame targets as 0,03
This expectation is since expecting that BTC is also into a new increase cycle
most important manage the risk, this is crypto and it can be very hard.
PEOPLE : THE BREAKOUT TARGETS : 269% This is a small view with Targets update for people
This update depending on technical analyze and other ways of finding breakout targets.
People can have 269% increase trend coming time on more reasons.
First important target is 0,042 trend.
And if we have a golden breakout the price action can go to 0,08 the old historical level. what means around 269% increase.
The volume structure of this coin make it able to have a breakout depending on last broken trends.
Its not first time that People did shows an top increase, and its possible that we can see this again.
Don't be Fomo trade only depending your plan and study as crypto can be very risky in any way.
ITS TIME FOR PEOPLE COIN!Trend is your friend.
lets follow what the trend shows, and in this area means a people increase trend.
This chart made out of personally expecting but 100% on technically details.
Wait!
Never just follow just a chart as this with a title as this.
do always your own study and confirm more times.
Good Trading times.
The above technically chart it seems people coin are going to show some increase effect coming time.
The above targets are possible range targets.
PEOPLE/USDT : Breaking below the trendlineBINANCE:PEOPLEUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$PEOPLE has tried to break below the trendline, But it seems to be failed to break below...
In terms of that, I want to split my entries, Cause there's still a possible weakness in the movement.
So, We have two options here.
- Enter Short based on invalidation, The trigger should be a break below $0.02400 and enter on the pointed arrow as a retest.
- Enter Short based on partial entries with active stop-loss at $0.02560 with a 4H close above.
So it's your choice, You know your risks better...
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades