GOLD - single area support ? whats next??#GOLD. perfect holdings in first go as per our analysis and now again market just near to his today supporting area that is 2756 around
keep close that area because it will play key role in today and only only stay in buying above that.
below 2756 on confirmation we will go with cut n reverse.
good luck
trade wisely
Tradingview
The 3 Powerful Steps To Risk ManagementIts not easy to say what you really mean to your friends
yesterday I got into an argument with
one of my buddies.I told him
I have to do my own roll
He got upset because he wanted me
to use his roll.
Honestly after listening to some hip-hop music
and the artist in the song
said "Do you own roll"
What this means is that in life you have to learn
how to be independent
Yes its okay to depend for help
but that dependence should not
be permanent even a child
some time has to learn how to walk
it wont be easy
but the child will learn how to walk and
won't need to be carried around anymore
Its the same with risk management
when you use sell-stop orders
you are learning to be independent from
the market makers
and instead telling them what to do instead of them
making the orders for you
This is very important that's why I designed
the risk management booster strategy
This is how I found the sell order for NYSE:KO
This strategy has 3 steps;
-Use pivot point indicators
-Use sell-stop orders
-Use buy-stop orders
These 3 steps are the key to risk management
and trading safely
If you want to learn more
rocket boost this content
Disclaimer: Trading is risky please learn
risk management and profit
taking strategies.
Also, feel free to use a
simulation trading account
before you trade with real money.
BABA Stock Analysis After breaking out of the blue resistance zone, the next resistance is in red, where the price could potentially get rejected.
🎯 Next Steps:
Watch for the red resistance as it may halt the upward movement.
If the price breaks through this resistance, we could see further upside.
If it gets rejected, the price may pull back to test previous levels.
$ACT/USDT AnalysisNASDAQ:ACT is getting rejected from the red resistance zone.
🎯 Options to consider:
1️⃣ Option 1: If the price breaks out of the red resistance zone, the targets are:
First Target: Green line level
Second Target: Blue line level
2️⃣ Option 2: If the price pulls back to the green support level, it could present a potential long entry.
How This 3 Step System Works In A ReversalThe power of a reversal is something
you will see inside this video
In this video you will
see the reverse pattern
combination with the rocket booster strategy
to show you how to trade Forex
Not to mention that the Fed interest rate
decision did influence the
prices of some assets in the
stock market
In this case we are looking at CAPITALCOM:GBPUSD
This video will educate you and show you
how to trade Forex using a reversal pattern
Rocket boost this content to learn more
Disclaimer: Trading is risky please learn risk
management and profit taking strategies
Also feel free to use a simulation trading account
before you trade with real money
TradeCityPro | ATOMUSDT the FOMC Meeting Results👋 Welcome to TradeCityPro Channel!
Let's go together on the day that the FOMC meeting and Powell's speech were held a few minutes ago, let's take a look at the results and today's talks and analyze the altcoins on the daily time frame for you.
🌐 Overview Bitcoin
Let's go together and take a look at Bitcoin, which did not have much of an impact on the interest rate news tonight and a few minutes ago, but Powell's speeches caused it to record a large but low time frame.
As expected, the score and tonight's session also had a result that was predicted in advance and it can be said that it did not affect crypto and others much and its impact on the time frame was low, but it is likely that this Bitcoin trend will continue and let's go for a new move that will be accompanied by an increase in the possible dominance of Bitcoin
The most important points of the FOMC press conference with Jerome Powell, Federal Reserve growth:
Overall, the economy in 2024 was above 2% thanks to consumer spending , In the middle of last year, housing activity stabilized .The labor market is not a source of inflationary pressures! , In three meetings, we have reduced the interest rate by 100 basis points.
Currently, monetary conditions are less restrictive and we are in no hurry to reduce it, if inflation moves towards the 2% target as expected, we will keep the interest rate unchanged for a longer period of time.
📈 Daily Timeframe
In the daily time frame, the atom rejected from 10.322 and made a lower ceiling at 7.447. Currently, it is forming a lower ceiling and ceiling, but it has more than its daily box.
Also, this move causes us to be in a falling wedge, which is bullish in nature and we usually fall into this pattern from a decline and after its trigger is activated, it sees a trend change forward and in any case it breaks from the floor. This pattern fails
To buy again in the spot, you can break the trigger of this pattern at 6.266 and buy, but make sure that this pattern breaks and a higher ceiling and ceiling is recorded and we make our purchase at 7.44, the weekly box ceiling trigger. It is also 10.332
After the break of 5.675, if the market corrects, you can move up to the level of 4.923, but after the break of 3.907, I will remove myself and take my coins out of the stake and cash them out because I saw the possibility of a 30% drop and I will not be with it.
📝 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! ❤️
Acceptance: The Hardest but Most Powerful Skill in Trading & LifHave you ever felt completely overwhelmed by trading? The endless cycle of self-doubt, frustration, comparison, and emotional exhaustion? If you have, trust me—you’re not alone.
Trading is not just about charts and strategies. It’s about navigating the mental battles that come with it. Today, I want to share something personal—the reality of acceptance in trading and life —because, in the end, acceptance can save you from a lot more pain than resistance ever will.
The Burden of Comparison & Expectations
One of the first mental struggles every trader faces is comparison—seeing others with bigger wins, higher profits, or what looks like an effortless journey. You start asking yourself:
"Why am I not there yet?"
"How did they make it so fast?"
"What am I doing wrong?"
But here’s the truth: We all have different limitations . Some start with larger capital, some have years of experience, and some simply got lucky early on. T he moment you accept where you are right now instead of where you " should be, " everything changes.
If you have limited capital, accept that you won’t get rich overnight —and that’s okay. Instead of chasing unrealistic dreams with high leverage and reckless trades, focus on a real path:
✅ Spend 3-4 years mastering your craft.
✅ Backtest, forward test, and refine your strategy.
✅ Build consistency, and capital will follow—whether from your own profits, investors, or prop firms.
Acceptance vs. Denial: The Cost of Avoiding Reality
Acceptance isn't just about money—it’s about embracing probabilities instead of seeking guarantees.
Think about it:
Death is 100% certain. We accept it because there’s no alternative.
Getting liquidated is NOT 100% certain—it only happens when you ignore stop losses and risk management.
Yet, many traders choose denial over acceptance. They refuse to accept small losses, hoping a bad trade will recover, only to watch their account get wiped out.
📌 The price of refusing to accept reality is always higher than the price of accepting it.
Just like we use stop-losses in trading, we need stop-losses in life. Without them, you might wake up one day realizing:
❌ You spent 5 years in a toxic relationship.
❌ You kept pursuing a wrong path for way too long.
❌ You ignored the signs, hoping things would magically fix themselves.
Learning to accept losses, failures, and mistakes is not weakness—it’s a superpower. And ironically, the faster you accept things, the faster you move forward.
My Journey & What I Do Here
I’m Skeptic . I analyze markets, develop trading strategies, and share real, no-BS insights to help traders grow—not just technically, but mentally.
If this post felt different from my usual ones, it’s because it is. Some things go beyond just trading—they shape how we think, react, and navigate both markets and life.
💬 Have you ever struggled with acceptance in trading? Drop a comment —I’d love to hear your experience.
Stop fighting reality. Accept where you are, work with what you have, and set stop-losses in both trading and life . That’s how you survive long enough to win :)
TradeCityPro | ICP: Navigating the Waves of Crypto AI👋 Welcome to TradeCityPro!
Today's analysis focuses on the ICP coin, a project within the crypto AI sector boasting a market cap of $4 billion.
📅 Weekly Timeframe
In the weekly timeframe, we're observing a rounding pattern that has been forming for some time, establishing a low at $2.923. Currently, an upward trend has begun, and we are now in a correction phase.
🔍 The bullish trend began with the breakout of $6.562, which continued up to $14.957, and now a range box between $6.562 and $14.957 has formed. The volume is consistently supporting the trend, converging well. The price is currently near a curved trend line, and it remains to be seen how it interacts with this area.
🧩 The overlap of this trend line with static support areas might create a very strong PRZ, potentially starting the next bullish leg. Conversely, if this trend line breaks, the likelihood of a trend reversal increases.
🔽 If the area of $6.562 is broken, we could confirm the beginning of a trend change. If increased selling volume enters the market and momentum turns bearish, the minimum bearish target for the price could be $2.923. A break of 36.20 on the RSI would support this scenario, increasing its likelihood.
📈 On the flip side, if the price can maintain support and break the ceiling of $14.957, the next bullish targets would be $23.104 and $79.510.
📅 Daily Timeframe
In the daily timeframe, we are seeing a descending wedge starting from the peak of $15.511, directing the price back towards the bottom of the box. Currently, both the floor of $9.834 and the RSI at 38.84 have been breached and confirmed. The price is reacting to the bottom of the wedge and may gradually descend to the bottom of the box.
✨ If the wedge breaks downwards past $6.857, bearish momentum will enter the market, and the price could move toward a target of $5.188.
📉 Conversely, if the wedge is broken upwards, we have a trigger at $11.421, which is currently not advisable. We need to wait for the price to form a structure near this resistance and strengthen this area with a reaction. In this case, this area could be a suitable trigger for a breakout.
🔼 main long trigger is at $15.511, which we discussed in the weekly timeframe. If the price can stabilize above this area, we may witness a very strong bullish leg.
📝 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! ❤️
Top 3 Daily Habits of Successful TradersWhat’s the secret to becoming a successful trader? Many believe it’s all about strategies or finding the perfect market conditions. But in reality, it’s the habits you build daily that determine your long-term success.
I’m Skeptic , and today, I’ll share the top 3 daily habits that professional traders swear by. These habits not only improve your trading performance but also help you maintain balance in the high-pressure world of trading. Let’s dive in!
🔍A. Daily Market Analysis: The Foundation of Consistency
Successful traders allocate specific time every day to analyze the market, find potential triggers, and set alerts for key levels. This habit offers several benefits:
1.Save Time:
With alerts set for important levels, you don’t have to stare at the screen all day. You can step away confidently, knowing the market will notify you when something important happens.
2.Reduce FOMO:
Regular analysis helps you stay grounded. You’ll feel less tempted to chase random trades because you already have a plan and understand the market’s context.
3.Better R/R Trades:
By identifying triggers early, you can enter positions sooner and secure better risk-to-reward (R/R) ratios.
Stay Connected to the Market:
Daily analysis ensures you’re always in sync with market trends, avoiding the Ostrich Effect—a phenomenon where traders ignore negative information to protect their emotions. Staying informed keeps you objective and proactive.
B. Prioritize Physical Health: Diet & Exercise Matter 🏃♂️
Trading often means spending long hours sitting at your desk, which research has linked to numerous health risks, including back pain, poor circulation, and reduced focus. Successful traders know the importance of staying physically active:
Negative Effects of Prolonged Sitting:
Increased risk of heart disease.
Reduced energy levels and concentration.
How Exercise Helps:
Even 30 minutes of daily exercise improves mental clarity, reduces stress, and boosts decision-making ability.
Activities like stretching or walking during market breaks can reduce the physical strain of sitting.
Balanced Diet:
Eating the right foods fuels your brain for better decision-making. Avoid heavy, carb-loaded meals that make you sluggish, and prioritize high-energy, nutrient-rich foods.
C. Meditation: The Secret Weapon for Mental Clarity 🧘♂️
Meditation is a habit many successful traders swear by. Trading can be emotionally draining, with constant ups and downs. Meditation helps by:
1.Improving Focus:
-Mindfulness meditation strengthens your ability to concentrate and block out distractions, a skill critical for analyzing markets and following your strategy.
Reducing Emotional Reactions:
-Meditation trains you to stay calm and composed, even after a series of losing trades. You’ll learn to respond logically instead of emotionally.
Practical Tip:
Start with just 5-10 minutes of meditation daily. Use apps like Calm or Headspace to guide you, or simply sit in silence and focus on your breath.
To achieve consistent success in trading, it’s not just about strategies—it’s about building daily habits that set you up for long-term performance.
Analyze the Market Daily: Save time, reduce FOMO, and catch high-quality trades early.
Take Care of Your Body: Exercise regularly and maintain a healthy diet to stay focused and energized.
Meditate for Mental Clarity: Manage emotions and improve your focus to make better trading decisions.
💬 Which of these habits do you already follow? Are there any you’d like to adopt? Share your thoughts in the comments below!
I’m Skeptic , here to simplify trading and help you achieve mastery step by step. Let’s keep growing together! 🤍
TradeCityPro Academy | Risk Management👋 Welcome to TradeCityPro Channel!
Let’s continue with another training session after the first part, which was about Capital Management, and dive into the important topic of Risk Management.
🕵️♂️ Risk Management as a Profession
One of the heaviest responsibilities, riskiest roles, and most demanding efforts in studying or working in a company lies in the field of Risk Management.
The job of risk management exists in various fields, including banking, insurance, investment, and consulting. People working in this field are responsible for identifying financial, operational, or project-related risks and designing strategies to reduce or manage them.
The income of a risk manager varies depending on the country, industry, level of experience, and scope of the project. In developed countries, risk managers in financial industries can earn high incomes. On average, in the United States, the annual income of a risk manager ranges between $80,000 and $150,000.
💰 Risk Management in Financial Markets
Risk management is one of the most important skills and concepts in the world of finance, business, and even daily life. It helps you identify, assess, and control potential risks to avoid unexpected losses.
💡 What is Risk Management?
Risk management is the process of identifying and assessing potential threats and then taking actions to reduce or eliminate their negative impacts. This process helps you make more informed decisions and protect your capital or resources from unnecessary risks.
In financial markets, risk management means identifying, evaluating, and controlling risks related to investments to prevent major losses. This includes setting a Stop Loss, diversifying your investment portfolio, using leverage responsibly, and sticking to your trading strategy. The primary goal is to preserve capital and optimize profits by managing potential risks.
💵 Why Should We Manage Risk?
Before diving into the explanations, let’s illustrate the concept of risk management with a life example: Do you give the same kind of gift to your parents or partner as you would to a distant relative or a friend you recently met? Of course not! Everyone holds a different level of importance in your life.
Now let’s examine this in financial markets. It’s better to have different risk management strategies for your setups and strategies based on market conditions. Categorize them into different groups using your Excel data and setups.
As a side note, in this training, when we talk about risk, we mean the amount of capital you will lose after entering a position and hitting your stop loss not just the amount of capital involved in the position.
Additionally, if you don’t have a written trading plan, strategies, or if you don’t document your positions in Excel or any other platform, this will not be beneficial for you and may result in future losses.
💼 Implementing Risk Management in Trading
We need to categorize our trades based on market conditions, daily circumstances, chart setups, strategies, win rate, written trading plans, and our trade entry checklist.
Here’s how I categorize trades: Very Risky - Risky - Normal - Confident
1️⃣ Very Risky
For this category, it’s better to have a separate account purely for testing, FOMO, or experiments. These trades have very few confirmations (1–2). Trade with less than 0.1%–0.25% of your main capital in this category.
2️⃣ Risky
These trades are opened in your main account because they generally meet some confirmations but lack key ones. For instance, you anticipate a resistance breakout and go long before confirmation. These trades usually have a small stop loss, leading to higher risk-to-reward ratios. Use 0.25%–0.5% of your capital for these trades.
3️⃣ Normal
These trades have most confirmations but might miss a few. For example, out of 10 items on your checklist, 6–7 are confirmed. These form the majority of trades. Be cautious about the win rate of this category, as it should be higher than your overall average. Use 0.5%–0.75% of your capital here.
4️⃣ Confident
These trades have all major confirmations, and your strategy’s triggers are activated. Additionally, 8–9 out of 10 items on your trade entry checklist are confirmed. These are your most confident trades. Use 0.75%–1% of your capital for these trades.
⚠️ Daily Risk Management
Don’t use your entire daily risk limit at once. For example, if your daily risk is 1.5%, keep some risk in reserve in case your first trade hits its stop loss. This allows you to recover and even profit later in the day.
Focus on normal trades. These should form the majority of your trades since they maintain a healthy win rate. Risky trades might lower your win rate, while confident trades occur less frequently and won’t significantly impact your overall win rate.
📝 Building Risk Management and Consistency
Risk management based on your checklists and spreadsheets can take around 6–8 months to develop, starting after learning technical analysis. In the beginning, allocate 0.5% risk per trade while documenting your trades.
This will prevent unnecessary self-blame for stop-loss hits in risky trades and help you trade confidently with a solid plan.
❤️ Friendly Note
If you don’t follow these principles, trading might become an on-and-off journey, leading to frustration and eventual market exit. In the end, your money will go to traders who adhere to these rules.
If you’ve read this far, congratulations! Unlike misleading social media ads, this guide offers genuine, practical insights. Be proud of your effort and focus on applying these principles. Let’s progress together and elevate our lives through financial markets. 😊
Emergency Update #1 On Tesla Buy Order Before Market OpenThis is an emergency update that you have to take action
Before market open the pre market hour order on our last buy order has been filled.
But you still have another buying order opportunity.
Am going to share with you the new buy order.
Buy Order :$402.98
This is the new buy order in case you missed the pre market buy order.
This one is a market open buy order.
Remember the Risk Management Booster Strategy?
One of the steps in that strategy is to only use Buy Orders and Not Market Orders
To learn more 🚀 Rocket Boost This Content.
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies.Also use a simulation trading account before you use real money.
TradeCityPro | EOSUSDT Seeking Structure Formation👋 Welcome to TradeCityPro Channel!
Let’s analyze another altcoin on our watchlist, one of the oldest altcoins, which has experienced two bull runs so far.
📊 Weekly Timeframe
In the weekly timeframe, it’s still one of those coins that remains within its long-term range box, which has lasted nearly 1,000 days.
Recently, by making a fake breakout of its last support at 0.4485, it had an attractive upward move and reached the top of its range box at 1.3255.
I haven’t held this coin myself and probably won’t buy it in the future either, but you can make your purchase either after the box ceiling breakout or take early triggers in lower timeframes.
Now, why won’t I buy it? Because coins like EOS or LTC, which are old, didn’t even reach their previous highs during the last bull run, or at most, moved up to those levels, which isn’t very appealing.
📈 Daily Timeframe
In the daily timeframe, however, it’s one of those coins that stands a notch above others and hasn’t returned to its daily range box, holding above higher supports.
The 0.7558 level is highly significant as it represents both 50% Dow Theory wave retracement and 0.5 Fibonacci level, making it a PRZ (Potential Reversal Zone). Losing this level could delay the next bullish move, but after that, the 0.6192 level will also hold great significance.
After our move to 1.3703 and its correction, our volume has been decreasing on the retracements and increasing on every upward move—this is a good sign for bullish continuation. If, in the coming days, sellers fail to break the 0.7558 support, we might see continued range-bound movement or a temporary upward move.
For another purchase, either wait for a fake breakout at 0.7558, or you can make your purchase with the breakout of triggers at 0.9827 and 1.3703, but I’d recommend first checking the project and its community and being patient for momentum entry.
📝 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! ❤️
GOLD - Single Resistance , whats next ??#GOLD .. perfect moved as per our analysis and still market at his single resistance area that is 2745 around
keep close and if market holds then drop expected.
downside wise we have gradually areas our first support is 2738 then 2721
stay sharp.
good luck
trade wisely
The 3 Step Risk Managment Booster StrategyThis is important for you to digest the power of risk management
is very important for you to understand
this next strategy
I called it "the risk management booster strategy"
is not easy because it will force you
to trade with discipline
Its very popular to just jump the gun in trading
and enter the market order
so what is the risk management booster strategy?
only use the following:
-Stop orders
-limit orders
-Pivot Points Indicator for entry
This 3 step risk management system will
help you trade with the discipline that you need
in the financial markets
to learn more rocket boost this content
look at the chart of Tesla NASDAQ:TSLA
based on this strategy
you can see the place to place a buy order.
trade safe.
Disclaimer: Trading is risky please learn risk management
and profit-taking strategies
Also feel free to use a simulation trading account.
NVIDIA's Record Drop: Live with TradeStation (TradingView Show)Join us once again LIVE with David Russell, Head of Market Strategy at TradeStation, as we dive into the stock market sell-off and what it means for your portfolio heading into February 2025. With heightened volatility, NVIDIA taking a hit, and AI-driven tools like DeepSeek offering new market analysis, it’s key to understand how to navigate the current turbulence. As January winds down, we’ll discuss strategies to stay ahead, leverage relative strength, and position for long-term success despite the ongoing downturn.
Here’s a sneak peek of what we’ll cover:
1. NVIDIA’s recent drop is tied to DeepSeek’s shift in AI pricing, raising concerns about future profitability. Investors are still assessing how this will affect NVIDIA’s growth trajectory.
2. While attention is on volatility, some stocks have quietly hit all-time highs, revealing hidden strength in overlooked sectors. These gains suggest opportunities many may be missing.
3. Emerging strength is especially evident in sectors like communications and certain industrials, with companies showing resilience and strong earnings. These sectors could offer solid value plays for those willing to look beyond the obvious.
4. Traders heading into 2025 should focus on managing risk and staying nimble, especially with potential rate hikes and geopolitical risks on the horizon. Flexibility and discipline will be essential.
5. As the Fed meeting and GDP report approach, the market is primed for volatility. These key releases could signal shifts in monetary policy or economic conditions, making it vital to stay informed and adjust your positions accordingly.
Don’t miss this session for actionable insights on how to navigate this market turbulence and set yourself up for success in 2025.
This show is sponsored by TradeStation. TradeStation pursues a singular vision to offer the ultimate online trading platform and services for self-directed traders and investors across the equities, equity index options, futures, and futures options markets. Equities, equities options, and commodity futures products and services are offered by TradeStation Securities Inc., member NYSE, FINRA, CME, and SIPC.
See below:
www.tradestation.com
www.tradestation.com
USD/CHF Poised for a Bullish Breakout: Path to Parity Bullish Scenario 🚀📈
1. Breakout Above the EMA (200) 🔺:
If the price closes above the 200-week EMA (0.9082), it could confirm a long-term bullish trend reversal.
A strong push may target key levels like 0.9500 and eventually 1.0000 (parity) 🎯, as shown by the projection arrow.
2. RSI Support 💪:
The RSI above 50 indicates that buyers are gaining momentum.
If RSI trends toward 70, it signals even stronger bullish momentum ✅📊.
3. Higher Highs and Higher Lows 📶:
The chart is forming higher highs and higher lows, a classic signal of an uptrend.
This pattern supports a move toward higher price levels 🚀.
🔥 Key Takeaway: A breakout above the EMA could spark a powerful rally, with parity (1.0000) as a major psychological target.
USD/JPY Market Update: Support Holds and Resistance Levels AheadUSD/JPY has held firm at the support level and is now returning to a buy zone. Currently, the market is at 156.500, with the next resistance level set at 159.000.
I’ve explained the market clearly in my chart analysis for easier understanding.
If anyone has questions, feel free to ask in the comments or send me a message in my inbox.
Thank you for your support—like, comment, and follow for more updates!
TradeCityPro | ADAUSDT Continued Upward Momentum?👋 Welcome to TradeCityPro Channel!
Let’s analyze ADA, one of the popular altcoins in the market, and identify potential entry and exit triggers.
🌐 Overview Bitcoin
Before diving into ADA, let’s check Bitcoin’s 1-hour timeframe. After breaking the 104227 support, a short position could have been opened, as I mentioned earlier. With a tight stop-loss and quick profit-taking, you could have achieved a risk-to-reward ratio of 6:1 under strict conditions.
Additionally, after the fake breakout at 98867 (a significant support), Bitcoin experienced a sharp move followed by a pullback to 101991, which was rejected. Now, Bitcoin is back at the 98867 support. If this level holds, Bitcoin will likely range within the box. If broken, another short position can be opened, but remember to secure profits quickly.
📊 Weekly Timeframe
In the weekly timeframe, ADA stands out compared to most other altcoins. It has effectively broken out of its weekly range box but has reacted to the next resistance level, with Bitcoin holding back further gains.
ADA also made a higher low in 2024 compared to its 2023 low of 0.2390, demonstrating bullish behavior and avoiding a drop to the 900-day range box bottom.
If you bought ADA at the breakout of the daily range box ceiling (0.4562), continue to hold for now. However, if you’re worried about losing profits or have limited capital, you can consider withdrawing your initial investment while letting the rest ride.
For new entries, look for either a strong reaction at the 0.7458 level with daily momentum triggers or a breakout above the 1.1982 key resistance. Personally, I’m planning to add to my position after 1.1982 breaks.
📈 Daily Timeframe
On the daily timeframe, ADA found support at 0.3134 after several tests. Sellers failed to break this support, allowing buyers to gradually step in. Following the breakout of the short-term range box ceiling at 0.3659, ADA experienced an impressive 230% rally.
After this rally, ADA entered a range box, where it’s unclear whether it’s a re-accumulation zone or a distribution zone. This will become evident when the box is broken, either upward or downward. Currently, the critical resistance is at 1.1299, which has been tested and rejected three times, making it a key level.
For new purchases, I’m waiting for a breakout above 1.1299, combined with increased volume and an RSI above 62.52. Inside the box, I won’t take any action as I’m already holding ADA, but I’ll aim to add more if these conditions are met.
For short-term profit-taking, you can consider exiting if ADA drops below 0.836, which is a significant support level. However, be prepared to re-enter after reclaiming this level or upon confirming a fake breakdown. If 0.836 breaks down convincingly, we might see further support levels at 0.7049 and 0.6124.
📝 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! ❤️