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Will ETH take the direction of growth?Hi everyone, let's look at the 1D ETH to USDT chart, in this situation we can see how the price is moving in a downtrend channel, currently there is no indication of which direction it will go. Let's start by defining the targets for the near future that the price has to face: T1 = 3357 USD T2 = 3502 USD Т3 = 3600 USD Т4 = 3729 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 3211 USD SL2 = 3016 USD SL3 = 2877 USD SL4 = 2704 USD If we look at the MA indicator we can see how the blue line has entered above the orange one, which indicates the entry into a temporary uptrend, where the price may try to continue to grow.
INDEX:ETHUSD
by cryptodailyuk
DOT/USDT 1D chart reviewHello everyone, let's look at the 1D DOT to USDT chart, in this situation we can see how the price is moving in a local uptrend channel where the price is moving at its lower boundary. Let's start, however, by defining the goals for the near future that the price must face: T1 = $7 T2 = $7.35 T3 = $7.92 T4 = $8.86 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $6.47 SL2 = $6.24 SL3 = $5.86 SL4 = $5.58 Looking at the STOCH indicator, we can see that we are moving along the lower boundary, which may indicate an upcoming upward movement in price.
Long
by cryptodailyuk
What goals for ZEUS?Hi everyone, let's look at the 1D ZEUS to USDT chart, as we can see the price is moving in a local uptrend channel, where there is still potential for growth. However, here it is worth looking at the RSI indicator, which clearly indicates the crossing of the upper limit and the level at which the price usually reacted with a correction, which may indicate a potential change in the direction of the movement. In such a situation, it is worth starting by setting a stop-loss in case the market decides to go into a downtrend: SL1 = 0.904 USD SL2 = 0.839 USD SL3 = 0.733 USD SL4 = 0.661 USD SL5 = 0.571 USD However, if the market decides to go further up in such a situation, we have clear goals for the near future, which the price must face: T1 = 1.016 USD T2 = 1.141 USD T3 = 1.274 USD T4 = 1.499 USD
by cryptodailyuk
BNB-USDT 4h chart reviewHello everyone, let's look at the 4H BNB to USDT chart, in this situation we can see how the price has moved sideways from the uptrend line, and what's more, we can see how the price is staying on the local downtrend line. Let's start, however, by defining the goals for the near future that the price must face: T1 = $714 T2 = $730 T3 = $743 T4 = $756 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $703 SL2 = $686 SL3 = $672 SL4 = $658 SL5 = $638
by cryptodailyuk
CAKE-USDT 4h chart ?Hello everyone, let's look at the 4H CAKE to USDT chart, in this situation we can see how the price is moving in the local upward trend channel, we are again heading towards the upper border of the channel, which with a slight rebound may result in an attempt to exit the current channel at the top. In such a situation, it is worth moving on to defining goals for the near future that the price must face: T1 = $2,698 T2 = $2,765 T3 = $2,964 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $2,622 SL2 = $2.56 SL3 = $2,453 SL4 = $2,281
by cryptodailyuk
1
USD/JPY SELL SET UP!USD/JPY Sell Set-Up I have identified good levels for a short-term sell on USD/JPY with a favorable risk/reward ratio. The current market structure suggests a potential move downward, making this setup ideal for traders looking for short opportunities. 🔑 Key points to keep in mind: Always use a stop loss to manage risk effectively. Ensure your position size aligns with your trading plan and risk management strategy. Wishing everyone good luck and successful trades!
Short
by MoneyMavenFX
BTC/USDT 1H chart reviewHello everyone, let's look at the 1H BTC to USDT chart, in this situation we can see how the price is moving in the local downward trend channel in which we very quickly saw a return to the lower border of the channel. Let's start, however, by defining the goals for the near future that the price must face: T1 = $93,246 T2 = $94,045 T3 = $94639 T4 = $95,413 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $92462 SL2 = $91,530 SL3 = $90,550 Looking at the RSI indicator, we see how we entered the downtrend again after dynamically exceeding the upper limit of the range.
by cryptodailyuk
BTC/USDT 4H Chart ReviewHi everyone, let's look at the BTC to USDT chart, looking at the 4h time frame, we can see that the price is moving in a triangle where we are getting close to the exit and taking the direction of further movement. In the short term, we can start by defining potential SLs in a situation where the price continues to correct: SL1 = 94431 USD SL2 = 92902 USD SL3 = 91260 USD SL4 = 88598 USD However, if the price changes direction and the visible green candle starts to gain strength, it is worth moving on to setting goals for the near future, which include: T1 = 96526 USD T2 = 98225 USD T3 = 99528 USD T4 = 101113 USD When we look at the additional indicators, we can see how the CHOP indicator and the RSI indicator are around the middle of the range, which indicates a possible movement in both directions, but here we also have the STOCH indicator, which shows an upward movement below the middle of the range, which in the short term may raise the price a bit more.
by cryptodailyuk
SOL/USDT 1W Chart ReviewHello everyone, let's look at the 1W SOL to USDT chart, looking at the large time frame, we can see how the price is moving in the uptrend channel in which we currently have a visible correction approaching the lower part of the channel. Seeing the current correction, which most likely held on support at our first stoplos, we will designate the locations of the next potential SLs: SL1 = 184 USD SL2 = 166 USD SL3 = 143 USD SL4 = 117 USD However, if the price changes direction and the visible green candle starts gaining strength, it is worth moving on to setting goals for the near future, which include: T1 = 211 USD T2 = 234 USD T3 = 253 USD T4 = 271 USD
by cryptodailyuk
COTI/USDT 1W chart reviewHello everyone, let's look at the 1W COTI to USDT chart, in this situation we can see how the price was moving in a downtrend channel from which the upper one dynamically emerged, but now we have returned to the upper border of the channel which keeps the price from moving further. After unfolding the Fib Retracement mesh, resistance can be seen at the following levels: T1 = $0.137 T2 = $0.158 T3 = $0.173 T4 = $0.196 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $0.111 SL2 = $0.088 SL3 = $0.07 Looking at the RSI indicator, we see as it returned to the middle of the range where the upward trend had previously reversed.
by cryptodailyuk
Potentially a good time to switch from BTC to ETH.Hi all, let's look at the 1W ETH to BTC chart, in this situation we can see how the price is moving below the downtrend lines, in this situation we have several such lines which also indicate strong resistance places for the price in a given move. Currently, a correction is visible, but as the trend reverses, resistance levels are visible at the following levels: T1 = 0.04504btc around 21.5% T2 = 0.05346btc around 44% T3 = 0.06004btc around 61.5% T4 = 0.06652btc around 79% T5 = 0.07623btc around 105% Now let's move on to stop-loss in case the market continues to fall: SL1 = 0.03166btc SL2 = 0.02213btc SL3 = 0.01612btc On the RSI indicator, we have a visible movement at the lower end of the range, which could potentially indicate an upcoming increase, here it is worth watching the trend line under which we are moving, because the moment of approaching it gives a renewed price recovery.
by cryptodailyuk
MKR/USDT what’s next?Hello everyone, let's look at the 8h MKR to USDT chart, in this situation we can see how the price broke out of the upward trend line and the attempt to return above it turned out to be unsuccessful. A downward trend line is visible locally and the price remains below it. Currently, a correction is visible, but when the trend reverses, resistance levels are visible at the following levels: T1 = $1955 T2 = $2,172 T3 = $2,487 T4 = $2723 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $1591 SL2 = $1,369 SL3 = $1118
by cryptodailyuk
Bitcoin's Squeeze in price is building momentum upwards I hope you are well this Sunday. If you have been following my Bitcoin thread this weekend, you will know that price has further to fall, if the Bitcoin market is to tank downwards. What I am saying is that we are in a squeeze moving price down and up which contracts price and causes the squeeze effect, which quite frankly is needed in circumstances where volumes are again low this weekend. But this squeeze is building momentum in the Bitcoin tank. Bitcoin price has recently tested the level just under 69000 which is a big support level. Unfortunately some Stop Losses would've been triggered and price has taken the liquidity and moved higher. I never like to promote a stop loss level to someone, but I think it's reckless if I do not in circumstances where price tanks. Please take a look at a recently Daily Chart of Bitcoin. I present Fib Levels & Fib EMA's 8,13,21,55. Both are supportive of price to move higher from current levels. 69,000 and thereabouts is the support zone and I think this level will hold.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
Daily ATR 2 and 10 Percent Values indicator for stop lossThis indicator displays three values: the ATR value, a 2% value and a 10% value of the Daily ATR. After adding the indicator to your chart, follow these steps to view the values and labels on the right: 1. Right-click on the price level bar or click the gear icon at the bottom of the price bar. 2. Select "LABELS." 3. Check mark the boxes for the following options: - "INDICATORS AND FINANCIAL NAME LABELS" - "INDICATORS AND FINANCIAL VALUE LABELS." 4. Look for D-ATR % Value, click on the gear icon and verify these settings D-ATR Lenght = 14 ATR Lenght = 14 Smoothing = RMA Timeframe = 1 Day 5. Select Wait for timeframe closes 6. Click on Defaults, Save as default, and click ok. You can move the indicator to the top of your chart if preferred, by clicking on Move pane up. Please keep the following in mind: when you scroll to the left of the chart if the indicator appears transparent, as shown in this image, it means you are not viewing the most recent values, likely because you are not at the end of the chart. To obtain the latest data, either click this button or this other one to reset the chart view or scroll to the end of the chart.
NYSE:MAEducation
by TraderMrE
Stop Losses: Protecting Your Trades and Building Consistency Stop losses are a critical tool for any trader aiming to manage risk and protect capital. A stop loss is a preset level at which a trade will automatically close to prevent further losses if the price moves against you. This approach is one of the most effective ways to protect your account, and understanding how to set and use stop losses correctly can help you trade more confidently. In this article, I will discuss why stop losses are essential, the types of stop losses available, and how they link to other core strategies like position sizing and maintaining consistency. Why Every Trader Needs a Stop Loss The primary role of a stop loss is to limit potential losses on a trade. By setting a stop loss level, you define your risk before entering the trade, which helps ensure that no single trade can damage your account significantly. This practice is fundamental to disciplined trading, where managing risk is just as important as aiming for profits. When you use stop losses, you’re able to protect your account without relying on emotions or making quick decisions based on fear or market volatility . Using stop losses also promotes consistency, as it allows traders to follow their strategy and avoid unexpected, large losses. Knowing your risk upfront means you can execute your trades with a clear plan, focusing on opportunities rather than worrying about sudden market moves. This consistency is key to achieving long-term success in trading 🚀. The Types of Stop Losses Every Trader Should Know There are different types of stop losses, each suited to particular trading strategies and market conditions. Here are some of the most common types and how they work: Fixed Dollar or Percentage Stop Loss This is the simplest type, where you set a specific dollar amount or percentage of your capital as the maximum loss. Example: If you’re willing to lose $100 on a trade, you place a stop loss that will close your position if the loss reaches $100. Technical Stop Loss A technical stop loss is set using chart levels, like support or resistance, which reflect natural points where prices may bounce or reverse. Example: If a stock has support at $48 and you buy it at $50, you might set your stop loss just below $48. This way, if the price breaks the support level, the trade closes to prevent further loss. Trailing Stop Loss A trailing stop loss adjusts upward as the price moves in your favor, locking in profits if the stock reverses. Example: If you buy a stock at $50 with a $1 trailing stop, and the price rises to $55, your stop automatically moves to $54. If the price then drops to $54, the trade closes, protecting your $4 profit. Volatility-Based Stop Loss This type of stop loss takes into account the stock’s usual price swings, setting the stop far enough away to avoid being triggered by minor fluctuations. Example: If the ATR (Average True Range) of a stock is $2, you might set your stop $3 below your entry point to account for normal market movements. Time-Based Stop Loss A time-based stop loss closes the position after a set period, which is particularly useful for day traders who avoid holding trades overnight. Example: A day trader might exit all trades by 4 p.m., regardless of the price movement, to avoid the risks of holding overnight positions. How Stop Loss and Position Sizing Work Together Stop losses and position sizing are deeply connected. Position sizing is the amount of capital you commit to each trade, and it’s based on your risk tolerance and the distance to your stop loss level. For instance, if you have a $10,000 account and want to risk only 1% per trade (or $100), you’ll need to calculate how many shares you can buy based on the distance to your stop loss. Let’s say your stop loss is $5 away from your entry price. To stick to your $100 risk limit, you would only buy 20 shares ($100/$5 stop distance). By setting your position size relative to your stop loss, you control how much of your capital is at risk. This approach keeps your losses small enough that no single trade can impact your overall capital significantly, allowing you to trade consistently and confidently. How Stop Losses Contribute to Consistent Trading Stop losses are essential for maintaining consistency in trading. They allow you to avoid big losses that can drain your capital and help keep emotions in check, allowing you to trade with a clear mind. Using stop losses also helps you keep your risk-to-reward ratio in balance, so even if some trades go against you, the overall profits from successful trades will outweigh these losses. This discipline keeps you aligned with your strategy and limits impulsive actions, which are often harmful to trading success. In this way, stop losses help establish a consistent, repeatable process that strengthens your trading foundation and increases your chances of long-term success. I know very well the frustration of seeing my stop losses being hit, but believe me, the worst feeling is getting stuck with a large loss for weeks, months, or even years. Sometimes, stocks never recover.
NASDAQ:AMZNEducation
by David_SpotTheTrend