Frankly, I don't feel like explaining, the chart says it all !!Finally, the wedge broke .The price can reach the shown targets. That's it.
previous analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
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Give me some energy !!!Bitcoin has completed its 5TH upward wave, and now it's time for a price correction down to around 84k. The price can correct itself and then continue its growth.
every uptrend has to be corrected, that's the nature of the market.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Be careful with BITCOIN !!!If we measure the AB range, which is 45% , we can say that the price will easily grow 45% equal to CD. AB=CD
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Be careful with Bitcoin,Time to buy again!!!In the 2-hour time frame, as you can see, there are two bullish patterns. The first one is a triangle, and the second one is a H&S . If either of these patterns breaks, the price of BITCOIN can reach around $105K . AB=CD
Give me some energy !!
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Mastering Risk Management: The Silent Key to Trading SuccessMastering Risk Management: The Silent Key to Trading Success
In the world of trading, risk management is often the unsung hero. While many traders obsess over finding the perfect strategy or predicting the next market move, those who truly succeed understand that managing risk is the cornerstone of long-term profitability. Without it, even the most brilliant trading plan can crumble. With it, you build a resilient foundation that allows you to weather the inevitable storms and capitalize on opportunities.
What is Risk Management?
Risk management isn't just a set of rules; it's a mindset and a discipline. It’s the process of identifying, assessing, and controlling potential losses. This goes beyond simply setting stop-loss orders or adjusting position sizes. It's about adopting a framework that ensures every trading decision is made with a clear understanding of the potential downside. Before entering any trade, ask yourself: "What am I willing to lose?" rather than "How much could I gain?"
Why Risk Management Matters
Imagine driving a car without brakes. No matter how powerful the engine or how skilled the driver, the lack of brakes turns every journey into a potential disaster. In trading, risk management is your braking system. It keeps you in control, preventing small mistakes from turning into catastrophic losses.
Many traders focus on their win rate, but it's the size of your losses that often determines your success. Even a strategy with a 50% win rate can be highly profitable if your average loss is much smaller than your average gain. Conversely, a trader who wins 80% of the time but suffers massive losses on the other 20% will likely fail in the long run.
Practical Steps to Effective Risk Management
Know Your Risk Tolerance:
Every trader is different. Understand how much capital you're comfortable risking per trade. For many, this is 1-2% of their total account. This ensures that no single loss can wipe you out.
Set Stop-Losses and Stick to Them:
A stop-loss isn't just a suggestion—it’s a commitment. Place your stop-loss at a point that invalidates your trade idea, not just where it feels convenient. Once it's set, never move it in the heat of the moment.
Position Sizing:
The size of your position should be based on the distance to your stop-loss and the percentage of your capital you're willing to risk. If a trade requires a wider stop, consider reducing your position size to maintain consistent risk.
Diversify Smartly:
Don’t put all your eggs in one basket. Diversification doesn’t mean trading more; it means spreading your risk. Avoid overexposure to a single market or asset class.
Accept and Learn from Losses:
Losses are part of trading. What separates successful traders from the rest is their ability to minimize those losses and learn from them. Every loss is a lesson—an opportunity to refine your approach and strengthen your discipline.
The Emotional Side of Risk Management
Emotions are one of the biggest challenges traders face. Fear and greed can lead to impulsive decisions, such as holding onto losing trades in the hope they’ll turn around or risking too much on a single "sure thing." Effective risk management helps counteract these emotional pitfalls. When you know your risk is controlled, you trade with greater confidence and clarity.
Sticking to your risk management plan, especially during a losing streak, can be tough. It requires discipline and patience. But remember, trading is a marathon, not a sprint. Protecting your capital today ensures you have the opportunity to trade tomorrow.
Conclusion
Risk management isn't the most glamorous part of trading, but it is the most vital. It's the foundation upon which all successful trading is built. Without it, even the best strategies and the most skilled traders are vulnerable. With it, you create a framework that allows you to navigate the unpredictable markets with confidence.
In trading, it's not about how much you can make—it’s about how much you can keep. Master risk management, and you master the art of trading.
XAUUSD need to be careful Liquidity is extremely strong in this area, creating a high probability for price to move both up and down to trigger all stop-losses before continuing the downward trend.
What we expect:
The price breaks this box to the upside, grabs liquidity from the minor high, and then resumes the downward movement, aligning with the overall bearish trend for gold.
This scenario highlights the importance of staying cautious and planning trades carefully around these key levels.
TradeCityPro | GBPUSD : Long-Term PerspectiveWelcome to TradeCityPro!
In this analysis, I will review the GBPUSD pair in the Forex market. The analysis is conducted on the weekly timeframe with a long-term outlook.
🔍 In this timeframe, after a sharp drop in price from the 1.41548 peak to the 1.08659 bottom, the price began an upward correction and is currently moving upward along a rising trendline.
🔑 If the trendline is broken, the likelihood of a bearish move increases. For short positions, the 1.25096 support level is ideal. The next important supports are 1.19225 and 1.08659. Breaking below 35.25 on the RSI could increase the probability of a bearish move and introduce bearish momentum into the market.
📈 As long as the price remains above the rising trendline, the trend is considered bullish. For long positions, breaking through 1.32073 and 1.33744 is ideal. The target for this move will be 1.41548.
📝 Final Thoughts
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! ❤️
TradeCityPro | CADCHF Weekly Triggers for Precision Trading👋 Welcome to the TradeCityPro channel!
Let’s step away from the crypto world and dive into a Forex analysis to prepare solid triggers for opening positions this week :)
🌐 Fundamentals Recap
CAD: Strengthened by oil prices and Bank of Canada policies. Hawkish stances and higher oil prices are supportive.
CHF: safe haven gaining in risk-off markets, driven by Swiss National Bank actions and global uncertainty.
Key Dynamics: Risk-on sentiment supports CAD; risk-off favors CHF.
📊 4-Hour Chart Analysis
The pair is in a range-bound structure between 0.6274 (support) and 0.6316 (resistance). The last 4-hour candle engulfed the previous 6, signaling a bearish outlook.
Before this range, a strong green weekly candle formed but was fully engulfed in the subsequent week, emphasizing the longer-term downtrend.
CADCHF is near its historical lows, which might attract selling pressure for continuation moves.
📈 Long Position Trigger
Avoid longs for now. A bullish breakout above 0.6351 with higher highs and lows would be necessary to justify a long position.
📉 Short Setup
break below 0.62741 with confirmation (e.g., RSI below 31.21) offers a solid shorting opportunity.
Stop Loss Tip: Let the range consolidate for one or two more candles to tighten your stop-loss and refine your entry.
📝 Final Thoughts
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! ❤️
BTCUSDT - placed high ? what's next??#BTCUSDT - well guys market perfectly placed high and now in 4 hours market pattern is going to change from bulish to bearish if market hold that mentioned region.
keep close the region that is start from 97600-700 and if market holds in that case you can see a drop from here.
good luck
trade wisely
TradeCityPro | FETUSDT Progress Toward a New All-Time High👋 Welcome to the TradeCityPro channel!
Let's analyze one of the top AI-focused crypto projects, Fetch.AI (FET), and identify opportunities for both spot buying and futures trading.
🌍 Market Overview
Before diving into FETUSDT, it’s essential to check Bitcoin’s behavior. Bitcoin continues to range, a trend that might persist for a few more days.
However, with the dominance of altcoins on the rise, attention remains on them. Bitcoin’s eventual breach of $100K could temporarily restore its dominance.
🕒 Weekly Time Frame
FET is one of the most bullish altcoins, having risen without revisiting its 2023 lows, largely due to the AI hype.
After rebounding from the $0.056 support, it surged to $3.104, followed by a significant correction to $0.745. This zone was an ideal Potential Reversal Zone (PRZ) as it aligned with the trendline and Fibonacci levels.
FET has bounced off the 0.382 Fibonacci level, and breaking above $3.104 could lead to targets of $4.868, $7.849, and $13.828 (calculated using Fibonacci extension).
Last week’s candle closed above the $1.613 resistance, signaling bullish momentum. You could consider buying with a stop loss at $1.094. For those holding from lower levels, it might be wise to secure initial capital and some profits.
As long as FET remains above its trendline, the outlook remains bullish.
📊 Daily Time Frame
FET is entering a significant resistance box between $1.99 and $2.54—potentially the final stronghold for sellers.
After breaking this zone, the path becomes clearer for higher targets, but expect temporary resistance or price fluctuations within this range. A breakout above $2.637 could provide another buying opportunity.
🕒 4-Hour Time Frame
FET is currently breaking out of the $1.957 resistance, aiming for the $2.637 target.
📈 Long Position Trigger
place a stop-buy above the current candle and set a secure stop loss around $1.739 to avoid being stopped out during minor pullbacks. This ensures you stay positioned for the longer-term uptrend.
📉 Short Position Trigger
avoid trading against the trend in a bull market. Focus on resting and preparing for the next upward wave.
💡 BTC Pair Insight
Against Bitcoin, FET has also shown strength, avoiding drops below the 0.00001390 support.
After breaking 0.00002574, this pair could witness significant bullish moves, making it a good time to hold onto FET.
🛠️ Summary & Strategy
Spot Buyers: Watch for pullbacks within the resistance box and aim for targets using Fibonacci extensions.
Futures Traders: Prioritize long positions aligned with the bullish trend and avoid counter-trend shorts.
📝 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! ❤️
TradeCityPro | TRX : An Intense and Unexpected Pump👋 Welcome to TradeCity Pro!
In today’s analysis, I’ll review TRX, which recently experienced a sharp and unexpected pump. Many traders in various communities seem to have succumbed to FOMO following yesterday’s surge. This analysis will focus on managing profits and navigating a coin that has already pumped significantly.
📅 Weekly Timeframe: Sharp Rally
In the weekly timeframe, there’s a well-established, long-term trendline that has repeatedly supported the price. I’ve often emphasized that if you’re holding TRX, it’s worth holding as long as the price stays above this trendline.
📊 The trading volume has consistently increased during the price’s rise from $0.0493 to $0.1446. After hitting this resistance, the market consolidated between $0.1084 and $0.1446 for a while.
🚀 Once the critical resistance at $0.1446 was broken, TRX achieved a new all-time high. After surpassing $0.1675, the price saw a massive pump. The RSI climbed past 80.97 and now stands at an extraordinary 91.72, indicating extremely overbought conditions. At such high RSI levels, I typically wait for a correction before making any moves.
✅ Profit-Taking Strategy
For those who have been holding TRX, consider taking some profits now. With the RSI at such elevated levels and the price nearing the 1.272 Fibonacci level, the likelihood of a correction is significant. I personally take profits at this stage and recommend you do the same. However, do not sell all your holdings, as there’s always the potential for further upward movement.
📈 If the rally continues, the next target would be the 1.618 Fibonacci level, often considered a critical resistance. Nevertheless, taking profits now is wise, especially since many holders are likely over 100% in profit, providing an excellent opportunity to withdraw your initial investment.
🛒 Advice for New Investors
If you don’t already hold TRX, do not buy at this stage. This is not an optimal entry point. Current long-term holders are likely to be taking profits, so it wouldn’t be prudent to buy while they are exiting. Patience is key; wait for a correction or a better setup before considering an entry.
📝 Final Thoughts
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! ❤️
$BIGTIME Breakout Alert!#BIGTIME has broken out of the inverse head & shoulders pattern and is currently retesting the neckline!
📈 Entry: Accumulate above $0.22
🎯 Targets:
Midterm: $0.40 (80% upside)
Long-term: $0.99 (300% upside)
🛡 Stop-loss: $0.18
Available for both spot and futures trading. Long with caution and proper risk management!
ABOUT $BIGTIME
Big Time is an action RPG combining fast-paced gameplay with a Web3 economy. Its seamless integration of blockchain elements ensures broad accessibility and entertainment.
🚨 DYOR, NFA.
TradeCityPro | AUDCHF : Approaching Historic Lows👋 Welcome to TradeCityPro!
In this analysis, I’ll review the AUDCHF pair, currently positioned near its all-time low support, making the possibility of volatile movements high.
📅 Daily Timeframe: End of the Triangle
In the daily timeframe, after a false breakout of the 0.56223 support and subsequent recovery from the 0.55233 level, the price has formed a symmetrical triangle. At the moment, the price is moving in the second half of the triangle.
📈 I usually avoid holding positions near the end of a triangle. For a long position, I prefer to wait for a breakout above the 0.5869 resistance and stabilization above this level.
🔑 If 62.76 on the RSI is broken, bullish momentum is likely to enter the market, increasing the probability of a breakout above 0.5869.
🔽 For a short position, if the triangle breaks to the downside, the first trigger will be at 0.56741, though this is considered risky. The main short trigger would be a break below 0.56223.
📝 Final Thoughts
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! ❤️
TradeCityPro | EURCAD Analysis Reaching the Daily Box Target👋 Welcome to the TradeCityPro channel!
Let’s dive into the forex market and analyze this popular pair, outlining key triggers for trading this week.
🌍 Fundamental Overview
EURCAD reflects the economic interplay between the Eurozone and Canada, influenced by:
🇪🇺 Eurozone Fundamentals (EUR):
ECB Policies: The European Central Bank's monetary stance (hawkish or dovish) significantly impacts the Euro’s strength.
🇨🇦 Canadian Dollar Fundamentals (CAD):
Oil Prices: CAD is sensitive to oil fluctuations due to Canada’s major oil exports. Rising oil prices typically strengthen the CAD.
Geopolitical tensions, trade balances, and global risk sentiment often sway EURCAD. The Euro acts as a reserve currency, while the CAD is risk-sensitive.
🕒 4-Hour Time Frame
1.4888 is the critical resistance, marking the top of the daily box (1.4888–1.5171). After breaking this level, the pair hit its target at 1.4556, a significant support level. The rejection at this resistance highlights its importance.
The 1.4731 level, broken yesterday but reclaimed today, offers a potential trigger for entries.
📉 Short Position Trigger
clear short trigger exists below 1.4731. Breaking this support could lead to further downside, targeting 1.4556.
📈 Long Position Trigger
While momentum-driven long entries are possible if the RSI enters overbought, a more reliable entry comes from consolidating within the current range or forming higher highs and lows.
📝 Final Thoughts
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! ❤️
TradeCityPro | JUP : Prepping for a Breakout👋Welcome to TradeCityPro!
In this analysis, I’ll be reviewing the JUP coin. This token is the native token of the Jupiter project, part of the Solana ecosystem, and operates in Solana’s DeFi space.
📅 Daily Timeframe: Breakout from the Box?
In the daily timeframe, we see a long-term box pattern ranging from a bottom at $0.6818 to a top at $1.2542, with the price currently at the upper limit of the box.
🧩 A rising trendline is also visible, with the price touching it three times so far, each time being pushed upwards.
📊 Buying volume has been increasing from the bottom of the box, and now, after reaching the resistance at $1.2542, the reducing volume during the correction indicates the strength of the trend.
🔼 If $1.2542 is broken, the next resistance level will be at $1.7463. Upon breaking $1.7463, it is highly likely that a new all-time high (ATH) will be achieved.
✨ The RSI indicator also shows a rising trendline, and as long as the price remains above this line, the momentum is considered bullish. If 63.41 on the RSI is broken, stronger bullish momentum is likely to enter the market.
📉 In a correction scenario, if the price trendline and the RSI trendline are broken, the first target will be $1.0289, and the second will be $0.8625.
⏳ 4-Hour Timeframe: Futures Triggers
In this timeframe, we can observe the price action in more detail.
📈 If $1.2542 is broken, the price can move towards $1.4619. This trigger looks highly favorable, and I will personally attempt to open a long position if the price stabilizes above this level.
🔽 For short positions, you can consider entering after the trendline and $1.0441 are broken, although I personally avoid opening short positions in the current market conditions.
🔑 As long as the RSI remains above 50, the likelihood of breaking $1.2542 increases.
📝 Final Thoughts
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! ❤️
Nobody appreciates it !!!Ripple has now completed its 5 upward waves and is currently forming corrective waves. I believe we will see a slight drop in price, and after that, I expect Ripple to reach $3 by the end of the week. Oh, I almost forgot to mention that we have a bearish divergence, indicating a potential price drop.
previous Analysis
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SasanSeifi| Moving Towards New Targets!Hey there, ✌ As seen in the KUCOIN:UNIUSDT chart, the price has shown a partial rise from the $6 area.
After breaking structure around the $8.50 level, it climbed to $10.
Currently, after a minor pullback, the price has reacted positively from the FVG zone near $8 and is trading around $9.50. The general outlook leans bullish, and it's expected that the price could see significant growth from the $9 range to targets of $12–$14 in the mid-term.
The important support is between $8 and $7.50.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
TradeCityPro | NEARUSDT Analysis Attempting to Reach a New ATH👋 Welcome to the TradeCityPro channel!
Let's analyze one of my favorite coins, NEAR, and evaluate its potential short-term and long-term targets.
🌍 Bitcoin Analysis
Before starting the NEAR analysis, as usual, let's take a look at Bitcoin during the London session. Bitcoin is still ranging and even slightly trending downward. On the other hand, Bitcoin dominance (BTC.D) has a clear bearish trend, allowing altcoins to pump and move upward.
Educational Note on BTC.D: If Bitcoin breaks above $100K, BTC dominance will likely rise initially, pushing altcoins along with Bitcoin. Later, BTC dominance might retrace to levels like 59.60, enabling another altcoin rally.
📅 Weekly Time Frame
NEAR stands out as one of the coins that made a significant bullish move early on, even before the broader crypto market rallied in 2023. After breaking out of its falling wedge pattern, NEAR initiated an upward trend.
falling wedge is inherently bullish and signals a trend reversal, especially when observed on higher time frames.
NEAR never revisited its major support at $3.736 and instead bounced strongly from there.
The coin is now approaching its previous peak of $8.289.
After bouncing off the 0.382 retracement level (from $3.736), NEAR looks ready for further upside , Potential Fibonacci extension targets: $13.556 - $30.183 - $53.370
Upon breaking $8.289, we can plan an entry while adhering to risk management, with a stop-loss at $3.736 for mid- to long-term holding.
📊 Daily Time Frame
NEAR recently bounced from $3.525, initiating a strong rally that reached the resistance at $8.289. The price experienced rejection at this level, leading to a consolidation phase.
Abeautiful parabolic trendline can be observed, where NEAR continues forming higher highs and higher lows , Each touch of this trendline has resulted in a bounce so far.
Breaking this parabolic line could indicate a short-term correction but doesn’t necessarily mean a full trend reversal.
Post-breakout above $8.289, with RSI entering the overbought zone (around 78.90), is a potential buy signal , Suggested stop-loss levels: Risky: $10.50 - Safer: $7.51
Personally, I’d rather take a stop-loss than miss out on a breakout caused by whales.
⏳ 4-Hour Time Frame
NEAR has been ranging between $7.16 and $13.78 for several days, clearly defining potential triggers
📈 Long Position Trigger
break above $13.78 presents an excellent opportunity to open a long position, with even a stop-buy setup before reaching the level.
📉 Short Position Trigger
I am currently not considering short positions, focusing solely on long entries after corrections.
💡 BTC Pair Insight
NEARBTC has also shown a strong setup. After its rally in 2023 and early 2024, it has been consolidating gradually.
NEARBTC hasn’t revisited its key support this year, which is a positive sign.
The coin is now breaking a key resistance trendline, further justifying a focus on USDT-based triggers.
📝 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! ❤️
Cosmos (ATOM)📊 Comprehensive Analysis of ATOM
🔍 Overview: ATOM, after experiencing a significant decline, entered a downward channel with a slight slope toward its weekly support level. With notable trading volume entering, it managed to rise strongly above the weekly support zone and the bottom of the descending channel. Currently, it is moving toward the top of the descending channel, where a critical weekly resistance (red zone) lies, with the possibility of a correction at this level.
🕰 Technical Analysis:
🔸 Current Status:
The price is approaching the top of the descending channel and the weekly resistance (red zone).
For buyers who entered at the channel's bottom, partial profit-taking in the red zone is a reasonable strategy.
🔸 Key Levels for Entry and Price Targets:
Entry: Confirmation of price stabilization above the weekly resistance (red zone) is essential for re-entry.
Targets: Breaking this resistance could push the price toward the yellow and green zones.
🔸 RSI Status:
If the weekly RSI enters the Overbought zone, the likelihood of breaking the weekly resistance increases.
This breakout may lead to a sharp price movement upwards, with the potential to reach Over-Extended levels.
🎯 Price Levels:
Short-Term Target: Weekly resistance (red zone).
Mid-Term Target: Yellow zone after breaking the resistance.
Long-Term Target: Green zone and Over-Extended levels.
💡 Summary:
Bullish Scenario: Breaking and stabilizing above the weekly resistance could lead to sharp upward movement toward higher targets.
Bearish Scenario: If the resistance is not broken, a price correction toward lower supports (such as the middle line of the channel) is possible.
📌 Recommendation:
Prioritize risk and capital management.
Confirmation of resistance breakout with high volume and appropriate RSI conditions is crucial.
Voltas Ltd Technical Analysis1.Chart Pattern:
The stock has been consolidating in a descending channel, with a recent breakout above the upper trendline of the channel.
This breakout could indicate a bullish reversal if sustained.
2.Key Levels:
Support Zone: ₹1,670 - ₹1,700 (highlighted area).
Immediate Resistance: ₹1,732 (horizontal dashed black line).
Target 1: ₹1,762 (short-term resistance).
Target 2: ₹1,838 (medium-term resistance).
Target 3: ₹1,926 (long-term resistance).
3.Indicators:
RSI (14): Currently at 48.58, indicating neutral momentum. A move above 50 could strengthen bullish sentiment.
EMA Levels:
20 EMA: ₹1,697 (stock near this level).
50 EMA: ₹1,720.
100 EMA: ₹1,670 (acting as strong support).
200 EMA: ₹1,517 (long-term trend support).
4.Volume Analysis:
A significant spike in volume was observed during the breakout, supporting the bullish case.
5.Price Action:
The breakout candle indicates buying interest. If the stock holds above ₹1,732, it could move toward ₹1,762 and higher levels.
6.Risk-Reward:
Entry Zone: ₹1,700 - ₹1,732 (post-pullback to breakout zone).
Stop Loss: Below ₹1,670 (key support).
Target Range: ₹1,762 – ₹1,926.
Trading Plan
Bullish Scenario: A breakout above ₹1,732 and sustained momentum could lead to ₹1,762 and ₹1,838.
Bearish Risk: If the stock falls back into the channel and breaks below ₹1,670, the downtrend may resume.
Conclusion
Voltas Ltd. is at a critical juncture, showing potential for a bullish breakout. However, confirmation above ₹1,732 is crucial for the upward move. Traders should watch volume and price action for further clarity.
TradeCityPro | SEI : Bullish Momentum with Key Resistance👋 Welcome to TradeCityPro!
In this analysis, we’ll evaluate the performance of SEI, a blockchain designed for decentralized futures trading. For a deeper understanding of the project, you can review its whitepaper.
⏳ Daily Timeframe: High Buying Volume and Uptrend
The daily chart shows a bullish trend supported by a trendline that has been tested three times. Currently, the price is well above this trendline. As long as the price remains above it, the overall trend will stay bullish.
📈 A breakout above $0.6944 could push the price to the next target of $0.9733. Beyond this resistance, SEI may aim for new All-Time Highs (ATH).
🔑 RSI entering the Overbought Zone (above 70) could trigger a sharp upward move.
🔽 In a bearish scenario, the price could correct to $0.5284 initially. A deeper correction might bring it down to the trendline and the $0.4006 support level.
📊 Currently, buying volume exceeds selling pressure, indicating that a correction is unlikely unless significant selling pressure enters the market.
⏳ 4-Hour Timeframe: Futures Triggers
In this timeframe, we’ll focus on identifying potential futures trading triggers:
🔼 For long positions, a breakout above the $0.6944 resistance, especially with increasing buying volume, would be ideal. If RSI also breaks the 50 level, the likelihood of overcoming this resistance increases.
📉 For short positions, a break below the $0.596 level could act as a trigger. However, personally, I avoid shorting as long as the price remains above the daily trendline.
📝 Final Thoughts
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! ❤️