Token
ONDO - The Sweet Spot!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈After rejecting the $2 round number, ONDO has been in a correction phase and it is currently approaching the lower bound of its rising broadening wedge marked in blue.
Moreover, the green zone is a strong support and round number $1.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the $1 round number and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #ONDO approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
A New Dawn or a False Start? PENGUSDT at Critical LevelsHere’s a captivating Catchy Introduction based on the data provided:
A New Dawn or a False Start? PENGUSDT at Critical Levels
PENGUSDT is teetering on the edge of its absolute low, currently trading at $0.0304, just 1.3% above this pivotal level. After a sharp -96.8% deviation from its all-time high, the asset is poised for either a revival or a deeper dive. The RSI14 rests at 28.7, signaling oversold conditions. Add to this a series of buy-pattern formations like the VSA Manipulation Buy Pattern 4th, and we might just be witnessing the calm before the storm.
With fundamental drivers like macroeconomic uncertainties and bearish momentum waning, the big question looms: is this the perfect bounce-back opportunity or a prelude to another fall? Today marks a key inflection point, and traders must stay sharp to capture potential swings. Are you ready to ride the next wave?
Roadmap: The Untold Story of PENGUSDT's Reversal Patterns
Let’s dive into the fascinating sequence of PENGUSDT’s recent trading journey, dissecting its key patterns and confirming whether the forecasted directions truly hit their mark. Strap in, traders—this is where the past meets the present, offering hints of what might come next.
Step 1: VSA Manipulation Buy Pattern 4th (2025-01-25 03:00 UTC)
Forecasted Direction: Buy
Action: This pattern hinted at a bullish breakout as it formed at $0.03334, with a close at $0.03400.
Confirmation: The subsequent pattern stayed true to the forecast, with prices holding above $0.03361—a testament to the buy signal’s reliability.
Step 2: VSA Manipulation Buy Pattern 3rd (2025-01-25 01:00 UTC)
Forecasted Direction: Buy
Action: Prices danced within a narrow range of $0.03322 to $0.03406, affirming a consolidative phase.
Confirmation: True to its bullish call, the market’s next pattern edged higher, confirming traders’ confidence in its upward momentum.
Step 3: VSA Buy Pattern Extra 1st (2025-01-26 12:00 UTC)
Forecasted Direction: Buy
Action: As expected, prices climbed to $0.03033, rebounding slightly from the critical support near $0.03001.
Confirmation: While modest in its upward trajectory, the pattern aligned with its bullish forecast, signaling renewed strength.
Step 4: Increased Sell Volumes (2025-01-24 10:00 UTC)
Forecasted Direction: Sell
Action: A steep decline from $0.04153 to $0.03586 validated the bearish call.
Confirmation: The sharp drop set the stage for subsequent buy signals, making this sell-off a crucial pivot point for trend reversal enthusiasts.
Technical & Price Action Analysis: Key Levels to Watch
In the ever-shifting landscape of PENGUSDT, staying ahead means keeping a laser focus on critical support and resistance levels. These price zones are your GPS for navigating trades and pinpointing potential reversals or breakouts. Here’s the cheat sheet:
Support Levels No data for regular support levels was identified. Stay vigilant—missing levels might indicate upcoming volatility.
Resistance Levels 0.05364: The first hurdle on the way up. If breached, it opens the door for further bullish movement. 0.05545: A key checkpoint that could serve as a magnet for price action. 0.07523: Bulls will be eyeing this level as a potential breakout trigger. 0.07865: Strong resistance that could dictate market sentiment. 0.08409: A psychological barrier; breaking this could signal a strong trend reversal.
Powerful Support Levels 0.05504: This level has significant weight—any failure to hold here could lead to a shift in sentiment. 0.4173: A major safety net for longer-term positioning, though far from current price action.
Powerful Resistance Levels No specific data available for powerful resistance, but keep an eye on price reactions near key psychological thresholds.
Key Takeaway : If any of these levels fail to hold their ground, they’re likely to flip into resistance, acting as a ceiling to upward price action. The market never lies, and these price zones are where the real action unfolds.
Stay nimble, traders, and remember—respect the levels, or the market will humble you!
Trading Scenarios: Optimistic and Pessimistic Pathways
Dynamic factors such as Moving Averages (MA50, MA100, MA200) reinforce the reliability of these rays, with VSA patterns providing an additional layer of confirmation. Here’s how the scenarios play out:
Optimistic Scenario: Rebound and Bullish Momentum
Key Entry Level: $0.03033 (Actual Price)
Price interacts with the ray near this level, showing signs of bullish activity supported by the MA50 ($0.0331). An upward trajectory could target:
First Target: $0.05364 (Resistance Level 1)
Second Target: $0.05545 (Resistance Level 2)
Third Target: $0.07523 (Higher Resistance)
Confirmation: Look for VSA Buy Patterns aligning with the dynamic ray and MA support to validate the bullish trend.
Pessimistic Scenario: Breakthrough and Bearish Continuation
Key Breakdown Level: $0.03001 (Absolute Low)
If price fails to hold the ray and breaches the absolute low, bearish momentum could dominate. Targets on the downside include:
First Target: $0.029 (hypothetical overshoot below Absolute Low)
Second Target: Reassessment after breakout.
Confirmation: A combination of sell volume spikes and price crossing below MA100 ($0.0433) solidifies the bearish outlook.
Suggested Trades: Practical Applications
Trade 1: Long from $0.03033 → Target $0.05364
Comment: Strong bullish move expected from the ray interaction supported by MA50.
Trade 2: Short from $0.03001 → Target $0.029
Comment: Breach of absolute low signals potential for significant sell-off.
Trade 3: Long Breakout at $0.05364 → Target $0.05545
Comment: Clear confirmation of trend continuation to next ray.
Trade 4: Short Rejection at $0.05364 → Target $0.03033
Comment: Strong resistance at the ray level triggers a bearish reversal.
Key Takeaways
The interaction of price with Fibonacci Rays, Moving Averages, and VSA patterns offers high-probability setups.
Enter positions after interactions with rays and validation by dynamic factors like MAs.
Each ray serves as a roadmap, with price likely traveling from one ray to the next—your first target is just the beginning.
This approach combines the precision of Fibonacci Rays with the adaptability of dynamic market analysis. Plan your trades, respect the rays, and let the market reveal its hand!
Let’s Keep the Conversation Going!
Got questions? Drop them in the comments—I’d love to hear your thoughts and help you navigate these key levels. Your feedback and curiosity keep the trading community thriving, so don’t hold back!
If this analysis resonates with you, don’t forget to Boost and save this idea. Check back later to see how price action unfolds around my marked levels—because the essence of trading is understanding those pivotal points that make or break a trade.
By the way, the rays and levels in this analysis are drawn automatically by my proprietary indicator-strategy. It’s available privately—if you’re interested in accessing it, feel free to send me a message, and I’ll walk you through the details.
Need a custom analysis for your favorite asset? Let me know in the comments! Some ideas I can share publicly, but if you prefer to keep your strategy private, we can discuss tailored solutions. The rays work across all markets, and I’d be happy to provide a personal markup for any asset you’re trading.
Lastly, if you’d like to see more content like this, make sure to follow me here on TradingView. This is where I share all my insights, strategies, and updates. Let’s build a strong trading community together—one idea at a time! 🚀
Is SWARMUSDT Ready for a Breakout?
SWARMUSDT has entered a fascinating phase, trading at $0.11341, far below its historical peak of $0.62689—a stunning 81.91% deviation from the highs recorded just 18 days ago. Yet, with the asset rebounding 25.1% above its recent low, the question arises: Is this the calm before the storm?
Current technicals suggest a potential setup worth watching. The RSI sits at 36.39, hinting at oversold conditions, while a series of VSA Buy Patterns on recent candles signal accumulation at these levels. With the MA50 trending downward to $0.13403, SWARMUSDT remains under pressure—but could this be the catalyst for a breakout as bulls test new resistance?
In a market swayed by macroeconomic shifts and investor sentiment, now is the time to stay vigilant. Is this your opportunity to ride the wave, or will the market pull back for one last consolidation? Keep an eye on this volatile mover—every second counts.
Roadmap of SWARMUSDT: From Signal to Momentum
Dive into the timeline of recent SWARMUSDT patterns to decode how the asset’s price movements align with key signals. Let’s analyze the most relevant patterns that hit the mark and proved their predictive power.
VSA Buy Pattern Extra 1st: January 25, 2025
Direction: Buy
The opening price of $0.11491 and closing at $0.1109 didn’t fully deliver immediate upside action. While the pattern aimed for a bullish push, the subsequent VSA Buy Pattern Extra 1st on January 24 also signaled Buy—validating a short-lived reversal that held potential. Prices stayed in a tight range but hinted at incoming accumulation.
Increased Sell Volumes: January 24, 2025
Direction: Sell
Here’s where things get spicy. The asset opened at $0.141 but sharply closed at $0.12597—a classic example of heavy sell-side pressure. This sell pattern succeeded in directing the market downward, confirming a clear alignment with the downward trajectory.
VSA Buy Pattern Extra 1st: January 23, 2025
Direction: Buy
This time, the Buy signal partially delivered. Opening at $0.15108, the price closed only marginally lower at $0.15101. However, it’s the interaction with the subsequent Buy Volumes pattern on January 22 that confirmed this pattern's intent, as the price rallied from $0.2026 to $0.22059—an undeniable proof of accumulation feeding the fire.
Increased Buy Volumes: January 22, 2025
Direction: Buy
This is the breakout you dream of. The market opened at $0.2026 and closed strongly at $0.22059, proving the upward bias was no fluke. What followed was a confirmation that this momentum marked a reversal point, supported by the next sequence.
VSA Manipulation Sell Pattern 2nd: January 21, 2025
Direction: Sell
The bears momentarily gained control here, with the price falling from $0.17216 to $0.1641. This retracement set the stage for the next accumulation phase, aligning perfectly with the Buy Volumes pattern that came to fruition soon after.
Buy Volumes Takeover: January 21, 2025
Direction: Buy
Boom. The market rebounded, closing at $0.17529 after an opening of $0.16161, signaling a firm buyer's grasp. This aligned perfectly with the trendline’s trajectory and set up a bullish consolidation period.
Key Takeaways for Traders
The Buy Volumes pattern consistently validated itself, signaling effective accumulation and trend reversals. Sell patterns like Increased Sell Volumes confirmed bearish phases, ensuring traders were aware of short-term downward movements. The roadmap suggests that combining VSA patterns with volume indicators amplifies accuracy. Future opportunities lie in identifying similar setups and leveraging momentum for entry/exit strategies.
This sequence is your guide to understanding how predictive signals can transform trading outcomes. Stay tuned and keep an eye on the next wave of SWARMUSDT patterns!
Technical & Price Action Analysis: Key Support and Resistance Levels
Let’s break it down with pinpoint accuracy. These levels are the battle lines where bulls and bears will clash, and price action will reveal its hand. If these levels don’t hold, they’ll flip into resistance zones, so keep a close watch.
Support Levels:
These levels are where buyers might step in to defend the trend:
0.09065 (recent absolute low)
If broken, expect this level to act as a brick wall of resistance for any bullish recovery attempts.
Resistance Levels:
These are the ceilings that price needs to smash for a breakout:
0.14784
0.24552
0.3642
If momentum fizzles out here, these levels will flip, becoming tough hurdles for the bulls.
Powerful Support Levels:
Currently, no standout zones are in play, suggesting the price is testing buyers’ resolve near dynamic supports like moving averages.
Powerful Resistance Levels:
Major areas to watch where the bears are likely to stack their sell orders:
0.24552 (also aligns with a key fib retracement zone).
Once the market closes above this with volume, a significant bullish run could ignite, but failure will likely spell trouble for any recovery momentum.
The game plan is simple: watch how the price reacts at these zones. A breakout or failure will guide the next move. Always trade with a plan—respect the levels, and let the market show its hand before diving in.
Trading Strategies Based on Rays: Fibonacci Meets Market Dynamics
The "Rays from the Beginning of Movement" concept integrates Fibonacci-based geometric principles with dynamic price action, creating a robust framework for trading SWARMUSDT. By leveraging these rays, traders can identify high-probability zones for interaction and subsequent movement, supported by dynamic factors such as Moving Averages and VSA (Volume Spread Analysis) rays.
Concept of Rays
Core Idea: Rays, based on Fibonacci angles, are drawn from the start of movement patterns to define channels and dynamic interaction zones. Unlike classical analysis relying on extremum points, this method adapts to market dynamics in real-time.
Dynamic Factors: Interaction with key Moving Averages (MA50, MA100) provides additional confirmation of trends and support/resistance zones.
Interaction Scenarios: When the price interacts with a ray, traders should wait for confirmation of reversal or continuation patterns. This ensures trades are placed at moments of high probability. Targeting Zones: Each ray transition creates a roadmap of price objectives, with the price typically moving from one ray to the next, offering clear entry and exit strategies.
Trading Scenarios
Optimistic Scenario:
Key Interaction Zone: Price bounces off the ascending Fibonacci ray near $0.11341 and interacts with MA50 at $0.13403.
Targets:
First target at $0.14784, aligned with dynamic resistance and the next Fibonacci ray.
Second target at $0.24552, achievable upon breaking MA100 at $0.1545.
Third target at $0.3642, signaling a significant trend breakout.
Strategy: Enter long after confirmation of the bounce from $0.11341, supported by volume and bullish VSA rays. Maintain trailing stops as the price moves toward each target.
Pessimistic Scenario:
Key Interaction Zone: Price fails to hold above the Fibonacci ray at $0.11341 and breaks below the critical level of $0.09065.
Targets:
First target at $0.09065, turning into resistance if broken.
Second target at $0.081, representing a potential oversold zone if significant bearish pressure emerges.
Strategy: Enter short after confirmation of a breakdown below $0.11341 and a bearish crossover of MA50 and MA100. Look for VSA sell signals to reinforce the decision.
Suggested Trades
Long from $0.11341 to $0.14784: Entry after interaction with the Fibonacci ray and confirmation of bullish momentum.
Short from $0.11341 to $0.09065: Entry upon bearish break below the ray, confirmed by sell-side volume dominance.
Continuation Long from $0.14784 to $0.24552: Add to positions after a breakout and interaction with MA100.
Trend Reversal Short from $0.14784 to $0.09065: Reevaluate bias if price fails to hold above the ray and reverses significantly.
These strategies offer traders flexibility to adapt to either direction, leveraging the synergy of Fibonacci rays, MAs, and VSA dynamics. Plan your entries wisely, and let the rays guide your trades from level to level!
Your Questions and Ideas Matter!
Hey traders! Let’s keep the conversation alive—drop your questions, thoughts, or requests right here in the comments. I always enjoy hearing your insights and discussing how we can navigate these markets together.
If you found value in this idea, don’t forget to hit Boost and save it to revisit later. Watching how the price respects the levels and rays over time is a game-changer—it’s all about nailing those key zones for entry and exit. Let’s see how this setup plays out together.
By the way, my indicator draws all these rays and levels automatically, making analysis smoother and more accurate. If you’re interested in accessing it, shoot me a private message—I’ll be happy to explain how it works. Whether you’re new or experienced, I can help tailor strategies to your needs.
Have an asset in mind that you’d like analyzed? Leave a comment with the ticker, and if it resonates, I’ll do my best to share a breakdown. For more detailed, private analysis, let’s chat directly—we can work out the perfect solution for your needs.
If you enjoy this content, hit Follow to stay updated with my latest ideas and strategies. It’s here on TradingView that I’ll continue sharing insights, so let’s grow together! 🚀
Trade smart and stay inspired!
WWW - Wormhole’s Winning WaveHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 W has been bullish from a macro perspective, trading within the flat rising wedge in blue.
Currently, Wormhole is in a correction phase approaching the lower bound of the wedge.
Moreover, the $0.2 - $0.23 is a strong support zone.
📚 As per my trading style:
As #W is around the lower bound of the wedge, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) and target the $0.5 round number for the next bullish phase.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Tensorium (TNSR) - AI token of the future? As presented in my first analysis, there is now an update on Tensorium (TNSR)
The AI token that has a particularly high potential due to what is behind it.
As mentioned, technical analysis of a token with a low Mcap is difficult due to the relatively small number of traders and the influence of bots.
Nevertheless, a symmetrical triangle is forming on the daily chart. This formation has a measured target of approx. 0.025$
So I definitely want to be there when it breaks out, the increasing volume and the large number of traders that this breakout attracts can lead to extremely high momentum.
The yellow boundary lines are set to close, which is usually much more meaningful than high/high or low/low lines.
Falling wedge on Bitcoin - A bullish signal - End of correction?I can see a falling wedge or flag pattern on the BTC-USD chart. The price hit the support zone around 92K and triggered a bullish price action that might be the end of the correction. I expect a short-term reversal from a bearish to a bullish trend in a neutral medium-term trend as long as the price stays within the wedge or flag. If the price breaks the pattern up, the medium-term trend could change into bullish again. If the trends turn bullish, the price might attempt to break the resistance zone around $105k by March 2025.
Technical Report: Bitcoin (BTC-USD) Looking DownwardTechnical Report: Bitcoin (BTC-USD) Looking Downward
H ello!
The current technical picture and the recent market activity points to the Bearish perspective of Bitcoin (BTC-USD). Having passed the powerful psychological support at $100,000, many signals suggest we’re on the verge of correction, with target support in the $92,000 area.
Weak RSI Signals Overbought Conditions
The Relative Strength Index (RSI) is one of the primary indicators hinting at a potential decline. Currently, the RSI hovers around the 60 mark, resistance, reflecting weak momentum and failing to indicate a robust buying trend. While an RSI above 70 typically signals overbought conditions, the lack of a strong rally and an RSI below 50 often signal bearish sentiment. This suggests Bitcoin’s earlier bullish momentum may be fading, increasing the likelihood of a near-term price correction.
Rising Bitcoin Dominance
Another key factor is the rising Bitcoin dominance within the cryptocurrency market. Bitcoin’s growing market capitalization relative to other cryptocurrencies may signify a shift in investor sentiment, positioning Bitcoin as a safe haven amid altcoin volatility. However, this trend could also indicate fear-driven behavior rather than confidence, with investors hedging against broader market instability.
If Bitcoin dominance continues to rise without a corresponding price increase, it might signal an impending sell-off. Investors could be looking to liquidate their positions amid market uncertainty, potentially driving Bitcoin’s price downward.
Regulatory and Macroeconomic Pressures
Recent regulatory developments and macroeconomic factors also threaten Bitcoin’s upward trajectory. Heightened scrutiny from financial regulators worldwide has created uncertainty in the market. Proposals for stricter regulations on cryptocurrency exchanges and potential tax implications could dampen trading volumes and dissuade new investors. This regulatory pressure may contribute to bearish sentiment.
Macroeconomic factors, including rising interest rates and inflation concerns, further complicate Bitcoin’s position. Traditional investments offering higher yields may become more attractive, reducing Bitcoin’s appeal as an alternative asset. In this environment, the $100,000 resistance level becomes a critical barrier. Failure to breach this level could trigger significant selling pressure.
Price Projection: $92,000 Support
With a weak RSI, potential for increasing Bitcoin strength, and the latest regulation headlines, a strong reversal below $100,000 seems foreseeable. If it doesn’t have support above $100,000, then it could sink right back into the $92,000. This has been a level that has been resistant in the past, but an attack would open the door for more losses.
Currently technical analysis and overall market picture shows Bitcoin (BTC-USD) in bearish direction. The low RSI also signals lost upward momentum, rising dominance and regulatory issues mean that there could be instability. When Bitcoin reaches the important $100,000 resistance, traders should be patient and prepare for a drop towards $92,000 resistance. Conditions are not set in stone, so stay on top of what’s to come as Bitcoin’s price action shifts.
Regards,
Elysian Signals
Why ARTYFACT Token Is Poised for Growth!Hey, TradingView community! I'm excited to share my analysis of the ARTYFACT token, which appears to be on the verge of a significant breakout.
In this post, we’ll dive into the price action of the ARTYFACT token , which seems to be bottoming out. This distinctive formation resembles a Falling Wedges , signaling a potential bullish overtaking of the bears. The price is flattening out and may soon exit from accumulation zone around the $0.40 range.
Currently, the price is breaking out from resistance and aiming for targets between $0.60 and $0.75 . If momentum continues, we could see movement towards $1.00 and even $2.00 in the long term. However, it’s crucial to exercise caution, practice good risk management, and always trade with a stop loss.
Several factors in the ARTYFACT ecosystem support a bullish outlook:
Market Valuation: With a market cap of just around $8 million, appears significantly undervalued, offering ample growth potential as the GameFi sector expands.
Exchange Listings: Already available on major exchanges such as OKX, Bybit, and KuCoin, could see further price increases if it secures a listing on Binance.
Beta Launch: The upcoming ARTYFACT Beta launch, along with other planned events, is expected to positively influence the price.
Chart Patterns: Technical analysis of the price chart suggests the token may have already hit its bottom, indicating a potential upward trend.
What do you think about the current setup for ARTYUSDT? Have you noticed similar patterns in your analyses? Drop your thoughts in the comments below — I’d love to hear your perspective!
If you found this analysis helpful, please give it a like and follow me for more insights.
Stay tuned for more updates, and let me know if you have any other assets you’d like me to analyze!
$TOKEN another project from RWA!TOKEN has a good set of investors and market makers who won't miss the opportunity to make money anytime soon. From a technical point of view we expect an upward reaction after 5 Elliot waves! This is confirmed by the consolidation above the 50 EMA. The target for fixation is 1.618 Fibonacci level.
Best regards, Horban Brothers!
Gala 50-150 SMA cross impendingGala is currently experiencing a 50-150 simple moving average on the daily time frame. This is a bullish signal for the gamefi token that has already been rallying for the last recent week. RSI is about to leave nuetral territory at time of publishing. Targets are horizontal lines above taken from fib extensions of the previous high swing low.
Not financial advice. Do your own DD.
Thanks for viewing the idea.
Will #TOKEN Follow Bitcoin's Relief Rally or Not? Key Levels Yello! Are we about to witness a major bullish rally for #TOKENUSDT, or is a sharp reversal lurking around? Let's dive into the detailed analysis of #TokenFi:
💎#TOKENUSDT is currently showing promising signs of a bullish continuation, holding firm at a critical support level around $0.0455. We've been closely monitoring #TokenFi's progress within a Descending Broadening Wedge pattern, and it's now attempting to break above the descending resistance line.
💎If $TOKEN maintains strength at this level, we could be on the brink of a significant rally, echoing past bullish trends. A clean breakout above the key resistance zone of $0.068-$0.081 could open the gates for a run toward higher resistance levels and potentially even new highs.
💎But here's the catch: caution is essential. If momentum weakens around this critical support, we could see a pullback to the lower demand area near $0.036.
💎A daily close below this demand area would invalidate our bullish outlook and could indicate further declines ahead.
Stay vigilant, Paradisers, and keep a close eye on #TOKEN's price action.
MyCryptoParadise
iFeel the success🌴
TOKEN looks bearishAccording to the structure of TOKEN, it seems that it is completing a bearish triangle.
We are now in the last wave of this triangle (wave E).
If it reaches the supply range, we will look for sell/short positions.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
(MSOL) marinaded staked SOL "lots of volume recentlyl"marinade staked SOL is seeing a lot of consistent volume all of the sudden in recent weeks. The price is doing exceptionally well compared to the majority of cryptocurrency and I wonder what is the reason behind the storied chart? Since October the price grew and never really had a problem with losing price. More recently, and on-going, the volume is much more compared to the entire year of 2024. Lots of volume.
ROSE - Getting Ready...Hello TradingView Family / Fellow Traders,
On Monthly: Left Chart
ROSE has been hovering within a big range between $0.05 and $0.2.
Currently, ROSE is hovering around the lower bound of the range, so we will be looking for buy setups on lower timeframes.
On Daily: Right Chart
📉 ROSE has been bearish trading within the falling channel in red.
📈 For the bulls to take over, we need a momentum candle close below above the last major high marked in red.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
DOGE - Testing the support after long awaited reversal#DOGE/USDT #Analysis
Description
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+ After months of consolidation in the support zone, the price finally broke out and reached the local resistance.
+ Following this, there was a significant reversal, with the price returning to the support zone.
+ I’m observing a strong reversal and bullish momentum from the support zone, and I expect a trend change soon.
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VectorAlgo Trade Details
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Entry Price: 0.10694
Stop Loss: 0.06167
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Target 1: 0.16821
Target 2: 0.23087
Target 3: 0.34588
Target 4: 0.56844
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo