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Support and Resistance

GME LONG IDEA GME has been in a downtrend for a while. The first signal for long was in April 2024 when price was in an oversold region and there was a divergence on the awesome oscillator. This was followed by a breakout of downtrend. From around 16, price went up to 64. The current price action shows that price is about to rally up again. A weekly bullish candle closing above 30 is a good signal for a long. Price has broken out of a downtrend and support level, closing above these key levels is a good signal to target the high. An aggressive trader or investor may buy at a current price. While a conservative trader may wait for price to close and buy the following week or wait for price to retrace to the support level before placing the buy. To spread risk, one can buy at the current price, add more positions when price retraces to the key level. This will save from missing out and also balance the risk. Entry could be at current price or 30 while the target can be 48 or 65. The confluences for the buy are as follows: 1. Downtrend breakout with a weekly bullish candle closing above it. 2. Price respecting uptrend 3. Awesome oscillator resuming bullish momentum 4. Price breaking out of support level. Disclaimer: this is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
NYSE:GMELong
by KofTFx
Polkadot Eyes $5.38 – Is a 17% Rally on the Horizon?As of May 26, 2025, DOT/USDT is showing signs of a potential bullish reversal on the 4-hour chart, forming a strong setup for upward movement. Key technical levels and chart structures support this bullish outlook. 1. Strong Support Zone • Zone: $4.30 – $4.37 • This area has acted as a major support, where buyers previously stepped in, leading to strong upward moves. Currently, the price has rebounded from this support zone, suggesting renewed bullish pressure. • A bounce from this zone with increasing volume confirms the strength of this level and validates it as a demand zone. 2. Bullish Entry Setup • The entry appears to be positioned slightly above the support zone, near $4.60. • The risk-to-reward ratio is favorable (~2.7), indicating a well-placed setup for swing traders. • A small stop-loss (~6.36%) below the support at $4.30 protects against a false breakdown. 3. Key Resistance and Target Levels • TP1 / Recent Resistance: $4.93 This level marks a recent swing high and minor resistance. A breakout above this would confirm short-term bullish continuation. • TP2 / Major Resistance: $5.38 This is the major resistance level and final take-profit zone. It aligns with a previous market top, and its breach could lead to further bullish continuation into a higher timeframe breakout. 4. Projected Path and Price Action • The chart outlines a bullish projection path, anticipating higher lows and higher highs forming a stair-step rally. • This dotted path suggests a bullish trend structure with gradual momentum buildup. • Buyers may continue pushing the price upward through TP1 toward TP2 in the coming sessions, especially if macro conditions or Bitcoin price action remain favorable. 5. Market Structure & Candlestick Behavior • The market recently transitioned from a short-term downtrend into a consolidation phase. • Bullish candlestick formations around the support zone imply accumulation. • The recent bullish engulfing near the support further confirms buyer dominance and a potential trend reversal. 6. Risk Management and Outlook • Stop-Loss: Below $4.30 to manage downside risk. • Target Zones: $4.93 (TP1), $5.38 (TP2). • A break below $4.30 would invalidate the bullish thesis and suggest caution. • As long as DOT remains above the $4.37 zone, the bullish scenario remains intact. Conclusion DOT/USDT is currently in a bullish setup on the 4-hour chart with a high-probability reversal from the support zone. Traders may look for confirmation candles and volume support to enter long positions with TP1 at $4.93 and TP2 at $5.38. Risk remains contained below the $4.30 level.
Long
by SupertradeOfficial
How to plan for gold price box fluctuations🗞News side: 1. The situation between Russia and Ukraine escalated again 2. Israel in the Gaza Strip was once again criticized by the international community 📈Technical aspects: After gold opened lower today, it fell into a small box-shaped shock in the short term. It seems that the situation in Russia and Ukraine and the Middle East over the weekend did not have further impact on the gold price. The gold daily level closed with a positive line again, injecting new vitality into the trading space last week. These two rounds of rise not only successfully crossed the resistance level of 3250 last Monday, but also further broke through the suppression of 3320, showing a clear upward trend. The current volatility is more like a correction after breaking through the previous high! Last Friday, the price failed to break through the 3370 line several times and encountered resistance continuously, which shows that the pressure from above is still relatively strong! Due to the particularity of today's market trading, the technical side of the hourly chart shows a downward trend. The European session temporarily focuses on the 3350-3355 line resistance, and the 3330-3320 support is seen below. If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
AMD LONG IDEAAMD stock has been in a downtrend for a while. This is also confirmed with the awesome oscillator being in oversold region. However, there's a breakout of the downtrend. This is also supported with price breaking and closing above a support level. An aggressive trader or investor can buy at the current market price. While a conservative trader or investor can wait for price to pull back to the support level before buying. The entry will be 101.70 while the stop will be 76.05 and the final target will be 226.77. Confluence for this signal are as follows: 1. Awesome oscillator in oversold region 2. Awesome oscillator divergence 3. Downtrend breakout 4. Weekly bullish candle closing above down trend line and support level. 5. Price respecting uptrend Disclaimer: This is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
NASDAQ:AMDLong
by KofTFx
3
GOLD SHORT SETUP🟡 Harmonic Pattern + Support Break = Bearish Confirmation 🐻 📉 #XAU/USD Analysis | 4H Timeframe #Gold has temporarily shifted into a bearish trend, and here's why I'm eyeing a short setup at current levels: ✅ Harmonic Pattern Completion spotted on the 4H chart ✅ Clear break below key support zone, now acting as resistance ✅ Lower highs and lower lows forming – confirming short-term bearish structure 📌 Entry: Current Market Price (CMP) 📌 SL: 3353.751 📌 TP Zones: 2974.632 ⚠️ Important Note: If bullish divergence forms on the 1H or 4H timeframe, I will consider closing the trade early at CMP. 💬 What’s your view on this #GOLD setup? Would you short here or wait for a pullback? 🔁 Like, share, and follow for more clean setups! 📲 Comment below with your thoughts or questions – let's discuss! #GOLD #XAUUSD #BearishTrend #HarmonicPattern #PriceAction #SupportResistance #Forex #TradingSetup #TechnicalAnalysis #ShortTrade #RiskManagement #Divergence
OANDA:XAUUSDShort
by mudusir
Skeptic | Silver (XAG/USD): Bullish Breakout Ready to Surge?Hey everyone, Skeptic here! Let’s dive into a quick Silver (XAG/USD) update—I’m catching some serious bullish vibes! 😎 On the 4-hour chart , Silver’s teasing a major resistance level right now. Keep your eyes locked on 33.68855 . If we break and hold above it, we could see a nice rally kick off. You can also use RSI hitting overbought to confirm that bullish momentum is heating up. Just stay patient and wait for that breakout confirmation to ride the wave! 👀 By the way, for you forex traders out there, what’s your go-to alternative to volume, which is super key in crypto? Drop your thoughts in the comments so we can learn together! 📝 💬 Let’s Chat! If this sparks some trading ideas, give it a quick boost—it means a lot! 😊 Want me to dive into another pair or setup? Drop it in the comments. Thanks for hanging out—keep trading sharp! ✌️
OANDA:XAGUSD
by SkepticWise
1
USD/CHF: Ducks in a Row for a Dive Below .8200?USD/CHF is teetering on .8200 horizontal support, with a break of the level opening the door for a move towards the April low at .8040. With price and momentum indicators both trending lower, and Friday’s bearish engulfing candle warning of further dollar weakness, the ducks appear to be lining up for downside near term. If the price breaks .8200 and holds there, consider initiating shorts with a stop above the level for protection. .8100 and .8040 screen as potential targets. Good luck! DS
Short
by FOREXcom
BTCUSDT – Reaccumulation Breakout or Bearish S/R Flip?Timeframes: 1W • 1D • 4H Structure: Wyckoff Reaccumulation nearing Phase E — but ATH is acting as resistance 🔹 WEEKLY OUTLOOK: Macro Structure Points to Markup Last weekly candle closed above the reaccumulation Buying Climax (BC), showing bullish intent Weekly upper Bollinger Band is rising toward 113k RSI at 67, strong but not overbought Structure suggests we’re entering Wyckoff Phase E Weekly Targets: 🟢 TP1: 113,049 (Upper BB) 🟢 TP2: 116,199 (measured move) 🟢 TP3: 118,237 (Fib 0.66 extension) 🔹 DAILY OUTLOOK: Still Holding Above Reaccumulation Range Multiple daily closes above the BU (backup) zone, but all below 110k ATH RSI is strong (~66), and price is tracking near the upper BB, but volume is not convincing Until a daily close above 110,000, breakout remains unconfirmed 🔹 4H OUTLOOK: Structure Valid, Momentum Rising BU zone held; price made two lower lows followed by a higher high RSI has reclaimed 57+, and volume is picking up modestly 4H structure looks like an early Phase E breakout attempt, but... ⚠️ Caution: Is This a Bearish S/R Flip? While the broader Wyckoff structure suggests a transition into markup, we must also consider the bearish scenario: BTC may be failing a support/resistance flip at 110k All timeframes have rejected at or below 110k, despite multiple attempts If we see a lower high under 109k + 1D close below 105,863 with red volume and RSI < 45 → this becomes a confirmed bull trap 📊 TL;DR: BTC is structurally bullish — but we are at the final test zone. 🔓 Breakout confirmed: Daily close above 110k 🔒 Failure confirmed: Close below 105,863 + red volume + RSI breakdown Stay nimble. This is either the last shakeout before markup… or the top of the range before reversal. #Bitcoin #BTCUSDT #Wyckoff #CryptoTrading #TechnicalAnalysis #Reaccumulation #Breakout #SupportResistance
Long
by BitcoinMillio18
TSLA: Not recommended by me!Hello Traders, TSLA Tesla fundamental score is not really good for me! My score is based on EPS data and EPS forecasts. there might be better stocks out there! Regarding the technical aspects, White it reacted to the bottom of the channel median of the channel might be a small struggle. There is a strong possible resistance on the way up. I prefer to give a better/safer score after breaking this zone. Also, if we just consider technical analysis, any long options should have a SL, the possible rational SL is so far from the current price. in case of correction or breaking the zone, the possible SL could be very tighter. Fundamental: Not recommended. Technical: So-So. Overall: I don't buy
NASDAQ:TSLA
by AliSignals
6