Trade Setup: NEAR Long PositionMarket Context:
NEAR is consolidating at support, offering a potential opportunity for a long trade if the support level holds.
Trade Setup:
Entry: Long spot trade at around $3.85.
Take Profit:
First target: Top of the range support at $4.45
Second target: $5.35 - $5.90
Third target: $6.50 - $7.00
Stop Loss: Just below $3.50.
📊 Manage risk carefully, and monitor price action for confirmation of support holding. #NEAR #CryptoTrading #TradeSetup 🎯
Tradesetup
1 to 2 Risk vs. Reward QUANT $600 @25x TRADE SETUP.QUANT had been on the decline for quite some time despite being an incredible technology and one of only a handful of coins that are ISO 20022 compliant. I think the reason for this is that the economy is contracting, and money is tight for many average investors, so the higher-priced cryptos tend to lag in bull runs, with the exception of BTC and ETH.
I think QUANT will retest the area near the limit buy zone and then make a run for the upper trend line and break out, just as a few other cryptos like XRP have done in the past day or so.
Don’t follow my trades; come up with your own ideas. Don’t be a follower—be a trailblazer!
Good luck!
USD/CAD Trade Setup: Long Position from Fibonacci Golden PocketI've entered a long position on USD/CAD, using the Fibonacci retracement for my setup. The entry is based on the golden pocket level, a key area between the 61.8% and 65% retracement levels, which often acts as strong support.
Although I've been underwater on this trade for a while, I'm still confident in the strength of the golden pocket.
My stop loss is strategically placed below this level at 1.37115 to protect against further downside. I'm targeting the 0.382 Fibonacci level for my final take-profit at 1.38110.
I'm also considering adding to my position if we get a four-hour close above the EMA on the 4-hour chart, which would further confirm the bullish setup.
I'll keep you posted as the trade develops.
Gold Trade Setup: Short Position on Ascending TriangleI've identified an ascending triangle on the gold chart and have taken a short position from the top of the range. My entry is at 2,443.506 with a stop loss placed just above the triangle at 2,446.460.
Ascending triangles typically signal a bullish breakout, but I've positioned for a potential pullback or false breakout. My stop loss is set conservatively above the triangle to protect against any upside breakout. I'm aiming for a favorable risk/reward ratio by shorting at resistance, with plans to take profits at the 15-minute EMA level, which is currently at 2,436.7.
I'll update as the trade progresses.
$GBP - What shall we do now?$GBP - What shall we do now?
GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options!
1 Emergency rate hike
2 Intervention
3 IMF
4 Fiscal spending
5 Swap Lines
Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open we hit lows of 1.03... Now, if we can hold the levels of these levels and perhaps go above 1.09 then no worries. However, if we carry on with these moves then things will get very interesting and keep an eye on the Gilt & FTSE!
Now it all looks very dismal when it comes towards headlines but actually there are coming amazing investment opportunities the prices we are getting and of course if you're in USA, what a great time for you to visit! For Candle stick traders - dragon fly!
Keep alert of what happens next, this week we have a lot speakers out of CB's and most importantly trade your plan!
Best,
TJ
ETHUSDT - 4H a correction phaseRecent political developments have influenced the crypto market significantly. The rise in Trump’s chances initially propelled the crypto market upwards. However, with Biden dropping out of the presidential race and the introduction of his alternate candidate, Trump’s chances are now perceived to be decreasing, which could lead to a correction in the crypto market.
From a technical perspective, COINBASE:ETHUSD has faced strong resistance at a key zone in the 4-hour time frame. Despite multiple attempts, BINANCE:ETHUSDT was unable to break through this crucial resistance level, suggesting a lack of bullish momentum to sustain higher prices. Additionally, the Relative Strength Index (RSI) shows a bearish divergence, indicating weakening buying pressure and potential for a downward move.
Given the inability to breach the resistance, the bearish RSI divergence, and the prevailing political uncertainties, it is likely that ETH will experience a pullback. This correction could provide a consolidation phase before the market assesses the next potential moves. Traders should be cautious and consider the potential for a short-term decline in ETH prices.
BTC - Swing Short SetupBitcoin is currently at an ideal entry for a high R/R short based on the trendline shown - targeting 34,200 to 35,000.
From that level, I will look for a retrace up to 43-46k. Rejection at this zone can indicate a much more substantial drop to sub 20,000 zones.
All details on the chart - will update with a new idea if Bitcoin follows through on this expected drop.
Trade Setup: NEAR Long PositionMarket Context:
NEAR is trading above the 200-day EMA, setting a higher low after a change of character (CHOC).
The price has reclaimed the range low as support and is trading between the 200-day and 21-day EMAs.
This setup indicates a potential for consolidation followed by a breakout.
Trade Parameters:
Entry: Enter a trade around $5.4 to $5.8.
Take Profit:
First target: $6.5
Second target: $7.46
Third target: $8.4
Stop Loss: Set at a daily close below $5
📊 Monitor the 4-hour chart for a breakout to confirm the trade. Adjust the trade based on market conditions and stay vigilant for any signs of reversal or further consolidation. #NEAR #CryptoTrading #TradeSetup 🎯
Trade Setup: AR Long PositionMarket Context:
AR has shown strong performance in the initial upward movement and is now taking support at the double bottom's neckline. This creates an opportunity to enter a long position with a tight stop loss.
Trade Parameters:
Entry: Enter a long trade around $28.
Take Profit:
First target: $35
Second target: $47
Stop Loss: Set at $24
📊 Monitor the price action to ensure the support at the double bottom's neckline holds. Be ready to adjust the setup based on market conditions and price behavior. #AR #CryptoTrading #TradeSetup 🎯
Trade Setup: LINK Long Spot PositionMarket Context:
LINK has retraced down to the next area of support, providing a potential entry point for a long spot trade.
Trade Parameters:
Entry: Ladder into a long spot trade in the $13.00 - $13.50 area of support.
Take Profit:
First target: $14.50 - $15.30
Second target: $16.25 - $17.00
Stop Loss: Set just below $12.30
📊 Monitor the price action closely for signs of support holding and ensure to adjust the setup based on market conditions to maximize the potential upside while minimizing risk. #LINK #CryptoTrading #TradeSetup 🎯
Trade Setup: FTM Long PositionMarket Context:
FTM has retraced down to the next area of support, presenting an opportunity to enter a long trade. The price might consolidate in this support area over the next couple of days.
Trade Parameters:
Entry: Ladder into a long trade in the $0.45 - $0.49 area of support.
Take Profit:
First target: $0.60 - $0.65
Second target: $0.73 - $0.80
Stop Loss: Set just below $0.40
📊 Monitor the price action for consolidation and signs of support holding before entering the trade. Adjust the setup as needed based on market dynamics to optimize the trade. #FTM #CryptoTrading #TradeSetup 🎯
USDCAD → Trade Analysis | SELL SetupUSDCAD forms a false breakdown of resistance, reached the resistance zone, but was subsequently pushed back down.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
EURGBP Trade Setup following ECB Interest Rate Decision.Taking a look at the daily tf, price action closed above the last candle where we saw strong rejection following a retest of the descending support.
Today the ECB also left interest rates unchanged at 4.25%.
Even though this is a low risk to reward setup, I believe it has a good chance of becoming a winning trade.
Engage - The Set Up. Type of trading Day { The Trend Day}First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
This is an Education Video explaining The Type of Trading Day.
There are 6 Types of Trading Day, In this video we will look deep into First type
1> The Trend Day
Key features:
Price moves in a clear and continuous direction
Pullbacks are shallow and limited.
Trading strategies:
Enter on first 15min Break out
Ride the full day and exit 15 min before the market ends.
Thanks
TradeplanNifty
BETA Flashes Bullish Hyper Scalper SignalWhat Happened? 🧐
BETA dropped ~40% after its massive 170% pump. The drop was driven by people taking profits and fueled by the Bitcoin crash.
Latest Performance 📊
Today, BETA does not perform as strongly as many other crypto tokens. Nevertheless, based on technical indicators, it flashed one of the most reliable signals on the 1D chart.
The Signal ⚡️
The Hyper Scalper signal combines several moving averages and the ADX and scans for specific chart patterns. It is mainly used to predict a continuation after a setback.
Backtest & Profit Potential 💰
Since the signal has only appeared once for BETA on the daily chart, backtests aren't reliable. However, the signal has an average reliability of 75%—85% on the daily chart.
The profit potential is calculated at 83%, pointing to the 0.12 area.
BTC - Update on my Short / Strategy I suspect that Bitcoin will break down and hit 7,000 to 10,000.
I’ve heard many remarks about this being unrealistic or impossible, but the reality is the chart is respecting the prediction and trendlines.
While bitcoin can execute a zig zag pattern (34,000 - 45,000 - 8,000) - it technically doesn’t have to.
If the TA pattern supports a move to be executed by a measured move, there is no way of stating what’s possible or not in the path towards that level.
As an update to my TA - I’d like you to encourage yourself to stay open minded that if that low level is hit, it isn’t an apocalypse - it’s a measured drop from a technical analysis pattern. Assuming this does in fact happen, most people would be too fearful to buy in at that zone - and I am in fact encouraging you to do that.
Suspect a resistance level is approximate around 55,700 to 56,000
God speed
BTC - Update on my Short and Critical moves to watch for This is a critical time for Bitcoin and that’s because of the US Dollar. DXY has shown a major breakdown on the 3 month chart, and is undergoing a bearish retest.
Here’s some crucial moves and pivots to watch for to determine where Bitcoin could go.
IF BTC STAYS BELOW 60,500 to 60,700
This is a more local bearish trendline on the daily and you can watch for a drop to 35,000.
There is a major bearish trendline at 43,000 that is a key level to understand.
If Bitcoin drops below the 43,000 level, I expect a zig zag pattern to form as follows:
60,500 to 35,000
35,000 to 43,000
43,000 to 8,000
Understand that what DXY is showing is an extended bull run ranging out 1-2 years. This is very significant as the market would have minimal time to recollect liquidity in these low zones. Therefor I am not ruling out anything as impossible so long as the chart is supporting it.
IF BTC RISES ABOVE 60,800
Watch for a rejection at 61,400 to 61,600 which is another potential bearish trendline that points down to the same lows around 10,000.
A rejection here is an indication in the intention to play this out.
Solana Hits Big Resistance and Drops to SupportGood Morning Traders,
It's important to review price action on Solana because it is our fourth largest altcoin (excluding stables) and does lead much of our altcoin market now in this position.
The inverse head and shoulders pattern is playing out thus far.
Solana touched my $122 support precisely before bouncing and rounding the bottom of our right shoulder.
The 200 day SMA helped to hold price for support.
Price then exceeded our .618 Fib fan level which intersected with a level I had drawn at $145. This now becomes support.
Price had attempted to move higher but there is great resistance ahead on both our price chart and the RSI chart below. Both charts show big areas of confluence that are acting as major resistance. If the bulls can get above these, we are then safe to tackle that neckline. Once broken, we should have a price target of $235-245 before more rest.
Don't forget, holiday weekends often give crypto a big boost. With the 4th of July being a big holiday here in the U.S., I would not be surprised to see price movement float up over the long weekend.
Stew
BTC can tap 7,000 to 10,000 and this is WHYDXY is completing a major bearish retest currently - on the minute time frames. This breakdown is a multi-month trendline, and what the DXY / Bitcoin correlation would indicate, is that we can expect an extended bull run of 1-2 years.
This rise in bitcoin has been a straight shot up on the high time frames. What this tells me is that this move is a bearish retest.
Identifying this trendline on BTC chart - price is underneath the breakdown line at 63,850.
There are many large open order gaps on the BTC chart below the current price. These open gaps are filled with long position stop losses. These are leveraged sell orders.
It is possible that Bitcoin will drop to hit 8,000 in a very short amount of time.
1. We are underneath the breakdown line
2. There are enough stop loss orders (leveraged sells) to create an automatic chain reaction of a drop to that low level. The lack of retracement on BTC over the last 1.5 years shows intention to leave these order blocks intact so that speed of this move is generated.
3. DXY indicates a justification for this move to occur as reason to drop a bearish pattern over a long term period isn’t showing.
I encourage you to stay open minded to this possibility.
I logically can see this happening very quickly.
Fetch.ai flashes bullish MACD signal on the 1D chart!FET has flashed a bullish MACD crossover on the 1D chart.
Based on backtests, the signal shows a solid probability of achieving more than 10% gains.
The signal calculates the profit potential even higher at a level of 34%.
However, based on the current chart, this would imply a break of resistance at $2. If FET manages to break through, a run towards $2.5 looks possible.
However, it might wise to take first profit at the $2 level — which still results in 20% gains.
Let me know your thoughts.
TRADE The CHOP: 3 Ways to Make ATLEAST +15% Choppy markets are identified by low volume and sideways trading / range trading. It seems uninteresting in most cases, but you don't have to sit around and wait for the next big impulse wave!
Here are three plays YOU can take during choppy markets:
1) 4H : Short Resistance
Chop trading can be a blessing - the price often touches the same support zone and the same resistance zone 2 - 3 times, before breaking out either way. This means that if you spot your zone early, you could take a short timeframe swing trade. Another way to find a trade is to look for gaps in the candles:
2) 4H : Long Support
South Africa is in a time of turbulence, and the Rand is weak as the country anticipates who will join forces to govern in the next two weeks. Analysts are expecting the Rand to hit R20 per USD as investors shy away from uncertainty.
But we can keep it modest and low risk with a 10x TP at R19 😉
3) Daily : SPOT Hold to TP Zone
Nothing like a classic low risk trade - but you may need some patience with it! If you're not willing to look at charts all day, or have alarms wake you up at 2:30am to take a trade then this is your style.
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FX:USDZAR POLONIEX:SOLOUSDT NASDAQ:PYPL BINANCE:SHIBUSDT