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Short-position

XRP Price Analysis: Potential 20% Drop Amid Key Support LevelsXRP is currently trading within a box pattern, with a lower high suggesting a higher probability of a downside breakout. If the crucial support level of $0.5213 is lost, there is a 20% potential drop in price, targeting $0.4164. If you are holding XRP, you might consider selling, or alternatively, you could take a short position upon a clear break of the $0.5213 level. Given the importance of this support, a sharp decline is expected if it breaks. Keep an eye on this critical zone for any significant moves.
Short
by saeedalipour93
📈GAL Analysis: Potential Upside Momentum🛸👨‍🚀🔍After reaching resistance at 4.966, GAL has initiated a corrective move. Considering the Fibonacci retracement, a bounce from the 0.382 level suggests that breaking above 4.966 could lead to higher targets. 🌪Our Fibonacci-based targets from this point include 5.83 and a range between 6.5 to 7. In case of breaking below the support at 4.196, the last anchor within the range of 3.8 to 4 could potentially reverse the price. 📉A breakdown below the PRZ range on the 4H trend might alter the short-term trend, but keep in mind that the 1D and 1W charts remain bullish, reducing the likelihood of a significant market reversal based solely on the 4H chart. 📊Additionally, the volume of green candles outweighs that of red ones, suggesting potential upward movement in the future. 📈For long positions, it's advisable to wait for confirmation above 4.966 before initiating a position after the resistance breakout 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
GLong
by itsparham96
🔔COMP Analysis: Consolidation Phase on 4H Chart⚡️🔍COMP is currently in a consolidation phase on the 4-hour timeframe, forming a sideways trading range. Considering the upward trend behind it, if the long trigger is activated, it would be favorable to open long positions with increased confidence. 📉For short positions, our risk trigger is at 85.37. Given the bullish nature of the market, I do not recommend entering short positions right now. Instead, wait for a breakdown below this level and consider entering short positions with a trigger at 76.92. 📈Regarding volume, COMP has encountered significant volume at the resistance of 95.21, followed by a decrease in volume. This indicates strong resistance that may not easily be breached. If you anticipate a bullish move, consider entering positions earlier than the resistance level, as it may break, and the confirmation candle may not provide timely validation.📊 💥As for indicators and oscillators, there is not much to add as the market is range-bound, and additional information may not be beneficial. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
by itsparham96
📈GMX Futures: Potential Long Opportunities🚀🔍In the 4-hour timeframe, GMX exhibits a clear ascending trendline providing consistent support, yet to be breached. It once faked out the trendline, followed by higher lows, demonstrating resilience and breaking the resistance at 59.2 with conviction. 📈Following the break, two significant red candles with substantial volume are observed, serving as potential pullbacks. Should the current candle engulf the previous one, it presents a favorable opportunity to enter a long position in futures. Aim for a risk-to-reward ratio of at least 2, ensuring the use of stop-loss orders to mitigate potential losses. 💎For those waiting on the sidelines, patience until the trigger at 64.35 is advisable before considering entry. ✅The target for long positions, apart from the risk-to-reward ratio of 2, could be set at 71.66, although current price levels may pose a challenge for immediate attainment. 📉In the event of a reversal at 59.2, a more aggressive entry could be considered at 57.52 in lower timeframes. However, exercise caution and promptly secure profits to avoid substantial losses. 🐢For a more conservative approach, waiting for confirmation at 54.01 before considering short positions is prudent. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
by itsparham96
Short position for SOLUSDT- The main bearish trend is still going on - Momentum is still bearish - Short term trend line has just been broken Entry Point: $33 to $34 Stop Loss: $36 First Target: $28 DO YOUR OWN ANALYSIS. DO NOT FORGET MONEY MANAGEMENT. Things you might like: - Trend Key Points Indicator has been used to draw important key levels and key points. - You can use Big Moves Indicator to be aware of major moves on the chart by marking them and getting alert for them. - 🔥 Bitcoin vs Gold
Short
by bhnmzm
BTCUSDT Update - First $43000 then $26000?Hello trader, today we will talk about bitcoin Let's start with the fact that we warned about such a decline to 35000, we warned that there would be an impulse price decline and also that only a few guys can and can short this market. You can find these posts in our.... Now our team of analysts is disassembling this tool for one purpose Having analyzed Bitcoin on all timeframes, we assume (this is not financial advice) to open positions against the current of the market (open long positions) Why ? The Internet began to discuss the price drop to 20,000 Yes, this is logical - uh, this is a very likely scenario. But We broke the level of the Head and Shoulders pattern - where the price DON'T returned to the level of 43000 (did not happen) The second factor is that the cluster analysis indicates increased volumes in the delta. (buy) The third is psychology (Most traders and small speculators are already accustomed to falling) and set short stop losses at 1-2% of the entry into their short positions. Thus, the market can grow impulsively due to the same stop losses. The fourth factor is that the price has covered one of the big gap formations (in short, the price gap has been filled) The fifth factor is the narrow channel in which the price is located. The sixth factor is the fear in the market to miss the bottom of the market, everyone wants to buy cheaper. But lost profits will be bought at 43,000 - where the market will be lowered even lower. Given the non-recoiling fall, we expect the release of one good news where the entire market will be raised by several hundred billion dollars Also considering all target CMEs on the exchange our team expects this outcome.
by AzurTrade
Bitcoin drop $ 41,800? Or $ 46,000?On this chart, we want to show you the possible outcome where the price can potentially direct. Many of you see this zone (channel / flat) It has boundaries: Upper limit: 44066-44180 Lower limit: 43518-43435 Going beyond these boundaries, as well as fixing the price above these price values (the price should remain above / below) on the 4-hour timeframe, will show you where the price will be go. There is no need to complicate trading, only to observe risk and money management. For those who know how to trade flat, we have not seen the best option in a narrow range for a long time. In our opinion, we expect the price to drop to 42000-41800. Because: This is a liquidity zone is a return of the price by 50% of the price movement - this is breaking a potential figure (cup) and collecting stop losses of those who trade with a 2-3x leverage with a large volume Also, given that the trend is downtrend (red resistance line) and in addition the expanding wedge of wave structure 1-5 should end Pc The only fact that we are given doubts is sentiment (most people short the market) and on the number of short stop losses, the price can lead to an impulse for our channel. Observe risk and money management. Trade only with stop loss and strong zones. Remember, the market loves to punish those who ignore it.
by AzurTrade