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Shortsetup

Bitcoin's Next Move: Weekend Trade Opportunities! Bitcoin has enjoyed an impressive rally over the past four days, but as we approach the weekend, price action is encountering some resistance levels, presenting potential short opportunities. Resistance Zone and Short Setup: The resistance zone lies between $104,464 (Fib 0.786 and Weekly Level) and $106,176 (Fib 0.886 and Daily Level). This range offers a low-risk shorting opportunity with clearly defined targets. 1.) Short Entry #1: Weekly Level at $104,464 (Fib 0.786) Stop Loss: Above $107,000 Take Profit: Around $101,000 - $100,000 (Psychological Level) Risk-Reward (R:R): ~1:1 2.) Short Entry #2: Daily Level at $106,176 (Fib 0.886) Stop Loss: Above $107,000 Take Profit: Around $101,000 - $100,000 (Psychological Level) Risk-Reward (R:R): ~4:1 Support Zone and Long Setup: The support zone lies between $101,058 (Fib 0.618 of Current Wave) and $99,521 (Fib 0.382 of Entire Wave). Within this range, a laddered long position can be constructed for a high-probability trade setup. Long Entry: Between $101,058 and $99,521 Stop Loss: Below $98,500 Take Profit: Around $103,000 Risk-Reward (R:R): ~2:1 Confluences for Support Zone: Anchored VWAP: Projected support around $100K, reinforcing the psychological significance of this level. Psychological Level: 100K Fib Retracement: 0.618 + 0.382 Fib Speed Fan (0.5): The speed fan aligns with support near $100K, depending on timing. Value Area High (VAH): The VAH of the range strengthens the case for the support zone and long setup.
Short
by SiDec
HBAR’s Next Support and Resistance TargetsHBAR hit a key high at $0.3922 but faced rejection, suggesting the formation of a trading range or a potential ABC corrective structure. A developing head and shoulders pattern further signals possible bearish momentum in the short term. Key levels and trade setups: Short Setup: Entry: Around the 0.618 Fibonacci retracement of the current wave Stop Loss: Above the $0.3922 key high Take Profit: Targeting the Fib Retracement 0.382 at $0.34356 R:R: A favorable 5:1 if taken from the 0.618 retracement or 2:1 when entering after losing the dOpen Support Zone: Anchored VWAP, weekly level and Fibonacci speed fan 0.618, depending on timing, align near $0.34356–$0.33284. This confluence provides a robust area for potential price bounces. Long Setup: Entry: Within the support zone, contingent on bullish confirmation Stop Loss: Below the support zone
Short
by SiDec
LTC Trade Zones: Short or Long?LTC has been making some moves recently, with a solid rise getting close to a key high. But the current price action hints at an ABC corrective structure, so a pullback could be on the way. Short Setup: Entry: Between the 0.618 and 0.786 Fibonacci retracement of the current wave Stop Loss: $141.4 (the previous high) Target: $130.7 R:R: About 2:1 Long Setup: Entry: Around $130, with confirmation Stop Loss: $126.45 Targets: First at $134 Second at $147 (the key high) R:R: A nice 5:1 potential Why These Levels? The $130 support zone lines up with the 1:1 Trend-Based Fibonacci Extension ($130.29) It’s also near a previous swing high, adding more weight to it as a strong level Plan: If price moves into the retracement zone, a short trade targeting $130 makes sense If it hits the $130 support and shows strength, a long setup targeting $134 and $147 could be a great play
Short
by SiDec
atom sell midterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Short
by Golden_candle
Correction Warning for Gold - Back Below 2700⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Initial Jobless Claims for the week ending January 10 increased to 217K, up from 201K the prior week and falling short of the 210K forecast. Recent inflation data and comments from Fed Governor Waller weighed on the US Dollar, as traders grew optimistic about an earlier rate cut. Waller suggested a rate reduction could be considered in the March meeting, noting that inflation is nearing the Fed's 2% target. Meanwhile, Chicago Fed President Austan Goolsbee expressed confidence in the labor market's stabilization during an interview with The Wall Street Journal. ⭐️Personal comments NOVA: Gold has completed its recovery to 2724, and the large sellers in this area will push the price back below 2700 before consolidating and rising again. This is consistent with the market awaiting the inauguration of President TRUMP. ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2688 - $2686 SL $2681 TP1: $2695 TP2: $2702 TP3: $2710 🔥SELL GOLD zone: $2723 - $2725 SL $2728 Scalping TP1: $2718 TP2: $2713 TP3: $2705 🔥SELL GOLD zone: $2732 - $2734 SL $2739 TP1: $2725 TP2: $2710 TP3: $2700 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
1
BTC Correction Incoming? Key Support Zones to MonitorOver the past 50+ days, Bitcoin has been consolidating within a well-defined range, with the all-time high (ATH) at 108K marking the upper boundary and 90K as the lower boundary. The current price action has formed a Head and Shoulders pattern, with the neckline positioned around 90K. Volume and Recent Price Action Volume has notably decreased compared to the elevated levels seen in November and December 2024, signaling weakening momentum. Price rose significantly to 102.7K, reaching the 0.666 Fibonacci retracement level of the current downtrend, where it faced a sharp rejection. This rejection led Bitcoin to test the lows around 91.5K. Key Resistance Levels 97K (POC): The Point of Control (POC) of the current range sits around 97K, which also aligns with the anchored VWAP taken from the all-time high. 98.3K (Fib 0.618): The Weekly Open (wOpen) coincides with the 0.618 Fibonacci retracement of the current downward wave, making it a significant resistance level. 100K (Psychological Level): A critical psychological barrier, also serving as a key level for setting stop-loss orders for short positions. Short Trade Setup A short position could be built in the range of 97K-98.3K, with the following parameters: Stop-Loss: Above 100K. Target: 84-80K range. Risk-to-Reward Ratio (R:R): A favorable 3:1 to 4:1, depending on laddered entries. Key Support Levels and Confluence Zone (80K-83K Region) The 80K-83K region stands out as a strong support zone due to multiple confluence factors: 1.) Fib Retracement Levels: 0.618 (82.7K): From the swing low of 67K to the ATH of 108K. 0.5 (80.45K): From the broader wave structure (52.5K to 108.35K). Negative Fib -0.618 (81.1K): From the current downward wave. 2.) Anchored VWAP: Anchored from 6th September 2024, currently aligning with the 82K level. 3.) ]Fib Speed Fan (0.618): Taken from the low at 52.5K to the ATH, intersecting with the 80-82K region around mid-to-late January. Long Trade Setup The 80K-83K support zone presents a strong opportunity for a long position for those who missed the previous uptrend: Entry Zone: Between 80K and 83K. Stop-Loss: Below 78K or lower. Target: 90K, which aligns with the neckline of the Head and Shoulders pattern. Risk-to-Reward Ratio (R:R): Approximately 2:1 if entering from the 80K level.
Short
by SiDec
DOGE’s Next Move: Key Levels to WatchAfter a remarkable bull run from September to December 2024, DOGE concluded its rally with a rising wedge pattern, a sign of exhaustion. This structure also marked the completion of a 5-wave Elliott structure. The breakdown from the wedge came with a clean retest, followed by a significant drop. Current Market Outlook The new year began with a bullish rise, reaching the 0.618 Fibonacci retracement level at $0.364 (drawn from the high at $0.48434 to the low at $0.26216), a great short setup. Presently, DOGE appears to be forming an ABC corrective structure, with wave C in progress. Additionally, a Head and Shoulders pattern is developing, with the neckline sitting close to the yearly open at $0.316. Support and Confluence Zones 1.) Fibonacci Level: The 0.618 Fibonacci Retracement of the 5-wave structure is positioned at $0.2353, which aligns with the Head and Shoulders target for strong confluence. 2.) Fair Value Gap (FVG): There is an unfilled FVG and November’s untested high at $0.22888, which adds significant support confluence. 3.) Trend-Based Fib Extension: Using the Trend-Based Fib Extension from wave B, the 0.786 Fib lies near the $0.2353 - $0.22888 range for further alignment. 4.) Monthly Level: The monthly level at $0.22 strengthens the case for this zone being a critical support area. 5.) Fib Speed Fan: If price drops to the $0.2353 - $0.22 region between January 17th and the end of the month, the 0.75 Speed Fan Fibonacci will also align with the support zone, further emphasising its importance as the fair value trend line. Trade Setups Short Setup: Entry: Around the $0.397 0.618 Fib Retracement level Stop Loss: Above $0.43 Take Profit: Targeting around $0.25/24 Risk-to-Reward (R:R): ~5:1 Potential Long Setup: Entry: Within the $0.2353 - $0.22 support zone (confirmation needed) Stop Loss: Below $0.22 Take Profit: Targeting around $0.275
Short
by SiDec
FINNIFTY FUT SEEMS NEGATIVEHERE, I am sharing my idea on Fin Nifty Fut at closing of 15th January, 2025. Important points are as below: 1) STRONG DEMAND ZONE is at 22,000 TO 21,750. 2) NEXT DEMAND ZONE is at 21,400 to 21,275. 3) STRONG SUPPLY ZONE is at 23,100 to 23,550. 4) Clear bounce back from 22,500 level. 5) Long term view is BEARISH RSI WITH SMA: RSI is still below it’s moving average but has crossed oversold level from below to above on 14th Jan. trading session. - We can expect further upside trend till our supply zone that is: 23,100 – 23,550. - As mentioned earlier, long term view is BEARISH, if Fin Nifty fails to breach this supply zone and start’s falling, it will be good opportunity to sell. - 1st target: 22,000 – 21,750 - 2nd target: 21,400 – 21,275 This is simply my attempt to predict Fin Nifty, I am not asking anyone to trade based on this idea.
NSE:FINNIFTY1!Short
by sharescomplex
HBAR on the Edge: Key Levels You Can't Miss!HBAR has been range-bound for over 40 days, trading between $0.3922 and $0.2341, following a rejection from the golden pocket zone. Let’s dive into the key resistance and support zones to identify potential trade setups. Support Zone Analysis Taking the entire bullish run from November, we observe the 0.5 Fibonacci Retracement at $0.2169, which aligns perfectly with the anchored VWAP from the November lows, providing a strong support confluence. Adding to this, the negative Fibonacci extension of the current downside wave places the -0.666 Fibonacci level at $0.21778, further reinforcing this zone. Additionally, the lows around this area contain significant liquidity, likely targeting long-leverage positions, which increases the conviction for this support zone. The monthly level at $0.2217 also aligns with this area, making $0.217-$0.222 a highly reliable support zone for potential trade setups. Resistance Zone Analysis HBAR has recently broken below the yearly open level at $0.269, which now acts as a resistance. For those who missed the previous short entry, price action near $0.269 presents another opportunity for a short trade if price rises to this level, confirming its resistance. Chart Pattern & Volume Analysis The structure shows an inverted cup and handle pattern. Volume has been in steady decline throughout this trading range, indicating a pause in bullish momentum. Trade Setups Short Trade Entry: Around $0.269 (yearly open and key resistance zone) Stop-Loss: Above $0.285 Target: Support zone at $0.217-$0.222 Long Trade Entry: Around $0.217-$0.222 Stop-Loss: Below $0.210. Target: Retest of the previous lows at $0.235 R:R: 2:1, making it a decent trade.
Short
by SiDec
FIL on the Rise Eyeing a Breakout to $6+Key Observations 1. Channel Formation The price is attempting to move within an ascending channel formation. The lower trendline acts as support, while the upper trendline serves as resistance. 2.Current Price Action The price is approaching the upper boundary of the channel. To confirm bullish momentum, a strong 4-hour candle close above the channel is essential. 3. Resistance and Target A breakout above the channel indicates a bullish continuation, with the immediate target around $6+. $5.50 might act as minor resistance before the target. 4.Support Levels If the price fails to break out, the lower channel line (around $5.00) will serve as a critical support zone. A break below this support could invalidate the bullish scenario. 5. Volume Confirmation Monitor trading volume for confirmation. A breakout with high volume increases the likelihood of reaching the target. 6. Market Sentiment Current sentiment aligns with a potential bullish breakout if external factors like Bitcoin movement or news events don’t cause significant volatility. Strategy Entry: Wait for a confirmed 4-hour candle close above the upper trendline with support retest. Target: $6.00+ Stop-Loss : Below the channel’s lower boundary (e.g $4.90) The setup looks promising, but caution is advised due to market volatility. Always use proper risk management when trading.
by wolfchemist
Analyzing Litecoin (LTC/USDT): Key Trading Insights with Stop LoIn this article, we’ll analyze the recent price action of Litecoin (LTC/USDT) on the chart. Using a powerful indicator setup, we’ll explore potential trading opportunities and how to utilize stop-loss and take-profit levels effectively. Whether you're a beginner or a seasoned trader, understanding these insights can enhance your strategy. Support Level: Around $99.91, providing a solid base for potential bullish movement. Resistance Level: Near $103.36, which could act as a barrier to upward momentum. Trend: The market currently shows a slight retracement after a bullish move, indicating the need for caution. Risk Management: Stop Loss and Take Profit This chart integrates predefined Stop Loss (SL) and Take Profit (TP) levels to minimize risk: Stop Loss (SL): Positioned below the recent low (e.g., $100.55), ensuring limited downside risk. Take Profit (TP): Placed near resistance zones (e.g., $103.07) to lock in profits when the price hits the target. These levels provide traders with a structured risk-reward ratio, optimizing their trades for better results.
Short
by Tradeaione
Strong attractor to $BTC price around 88kWe can see a beautiful confluence of technicals around 88k 1- Blue dotted line; multiyear (since 2021) strong resistence trend 2- Orange dashed line; recently reseted volume-weighted average price 3- Green tick line; exponential moving average from last 200 12h periods 4- Purple arrow down; target from shoulder-derivated triangle 5- Green fine line; important multiyear Fibonacci-circle level If this important resistence made of lots of confluences doesn´t hold, we will see the CME gap closed after price plunges to the marked orange square
BITFINEX:BTCUSDShort
by CCCLopes
TradeCityPro | NEARUSDT Calm before the storm👋 Welcome to TradeCityPro Channel! Let's go to a day when financial markets are closed and update one of our previously analyzed altcoins, NEAR, and find new triggers together. Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin Before starting our analysis, as always, let’s check Bitcoin in the 1-hour timeframe, where the candles have become significantly smaller, the range of our fluctuations has narrowed, and the 1-hour candles now show 0.2% fluctuations. This observation, along with our hourly volume, indicates that there is practically no movement, and no one is deciding to trade. For now, it’s better not to make any decisions and just observe the market from a distance. However, this doesn’t mean abandoning the market entirely and coming back to the chart only after the market moves. 🕵️‍♂️ Previous Analysis In our previous analysis uploaded to the channel last month in the weekly timeframe, it can be said that almost nothing has happened. Our spot entry triggers were not activated, and we were simply rejected from the $8.289 resistance, fluctuating within the $3.73 to $8.28 range. 📊 Weekly Timeframe In the weekly timeframe, as we said, nothing special has happened to our chart. Currently, we are simply ranging within the weekly box, and breaking the support or resistance of this box can result in a sharp move. This week's weekly candle has one day left to close, and if it stays like this, it will engulf the previous two candles, suggesting that we are moving towards the $3.73 support. 📈 Daily Timeframe In the daily timeframe, we are also in a smaller box than our main box, ranging between $4.88 and $6.05, where it might range for a while. On the other hand, the $6.057 resistance can be considered a risky but promising trigger for spot buying, considering that the resistance at the top of the box, or $8.289, is likely to be broken sharply and whale-like. For exiting this coin, I currently suggest doing so below $3.544. Personally, after breaking $4.883, I prefer to open futures positions rather than sell my spot coins. If you pay attention to the $4.883 support, it is the 0.618 Fibonacci level, which is highly significant for our trend. If we rise from this level and break the $6.057 resistance, we can start a good upward move. ⏱ 4-Hour Timeframe In the 4-hour timeframe, after being rejected from the $6.058 resistance and printing a red candle, we moved back towards the $4.914 support. Currently, it can be said that we are stuck in a box ranging between $4.914 and $5.156. 📉 Short Position Trigger our trigger is entirely clear, and after breaking $4.914, we can open a short position, targeting $4.5 and $4.05. 📈 Long Position Trigger however, currently, both the volume is very low, and the chart has a very bearish vibe. But if we continue ranging in this short-term box and the sellers lose strength, staying here for a long time, or faking the $4.914 support, after breaking $5.156, we can open a long position—but with a small stop loss and quick profit-taking. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
14
Short Eurusd - Targeting 1.02211Eurusd has been making continuous strides further down in price. The recent pullback to 1.04500 was rejected and indicating for me more movement to the downside, there was divergence of the RSI & MFI on the 4hr at that rejection level of price. If price continues to slide, I'll be looking to target a price of 1.02211. I'm currently in a short position at 1.04077, a nice 187 pips I would be looking to grab if price hits target. Patience is key! If you see anything different, feel free to share!
Short
by CollectCap