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! ❤️
Tradingview
How to Prepare Your Mind for Managing Trades Effectively?Have you ever made a decision mid-trade that wasn’t part of your strategy, only to regret it later? Many traders find themselves acting impulsively, closing positions too early or holding on too long, and then wondering where they went wrong.
This common behavior often stems from a lack of psychological readiness and planning. When you step outside your written trading plan, you’re letting cognitive biases and emotions take control. I’m Skeptic , and I’ll explore how to prepare your mind for better trade management and avoid the psychological traps that derail so many traders.
🔍A. The Two Scenarios After Entering a Trade
Once you’ve opened a position, one of two things will happen:
The price moves against you.
The price moves in your favor.
Let’s break these down and discuss how to manage each scenario:
📉Scenario 1: The Price Moves Against You
If you’ve applied proper risk management and set a stop-loss before entering the trade, this scenario shouldn’t bother you at all.
Key Mindset Tip:
Treat the risk as if it’s already a loss the moment you open the trade. For example, if you’ve risked 1% of your account, mentally prepare yourself for that 1% loss in advance. This reduces emotional stress and allows you to focus on the bigger picture.
Let’s say your trade hits the stop-loss. Instead of reacting emotionally, remind yourself that you followed your plan, and the loss is just part of the process.
📈Scenario 2: The Price Moves in Your Favor
Here’s where things get tricky. Without a clear plan for taking profits, you might:
Close the trade too early with a low risk-to-reward (R/R) ratio.
Hold onto the position too long, only to watch it reverse and hit your stop-loss.
Why Having a Take-Profit Plan is Key:
Planning your profit-taking strategy in advance is just as important as setting a stop-loss. If you fail to do so, emotions like greed or fear can lead to poor decisions.
B. Psychological Tools for Better Trade Management 🧠
To execute your plan effectively, you need to address the psychological challenges that arise during trades. Here are some tips:
1. Accepting Losses as Part of the Game
What to Do:
Before entering a trade, ask yourself: “Am I okay with losing this amount?” If the answer is yes, proceed with the trade. If not, reduce your position size.
Why It Helps:
This mindset shifts your focus from fearing losses to executing your strategy.
2. Planning Profit-Taking in Advance
What to Do:
Decide on your take-profit levels before opening a position. For example, if your R/R is 1:2, set your profit target at 2R.
Why It Helps:
This eliminates emotional decision-making and ensures that you’re not tempted to exit too early or hold on too long.
3. Journaling Trades to Improve Performance
What to Do:
Use an Excel sheet or trading journal to track every position. Note the following:
Entry and exit points.
R/R and Win Rate.
Psychological observations (e.g., emotions during the trade).
Why It Helps:
Reviewing your trades helps identify patterns. For instance, you may discover that exiting at R/R 2 consistently yields better results than holding for R/R 3.
C. Personalizing Your Rules
Every trader is different, so it’s essential to customize your trading plan based on your personality and market experience.
Your rules should work for you, not against you.🎯
D. Understanding Cognitive Biases
Psychological errors often sneak into trading decisions. Here are a few to watch for:
1.Confirmation Bias:
Only seeking information that supports your trade idea, while ignoring contradictory signals.
Solution: Stay objective and review all the data, not just what aligns with your view.
2.Loss Aversion:
Closing winning trades too early because you’re afraid of losing profits.
Solution: Stick to your planned take-profit levels.
3.❌FOMO (Fear of Missing Out):
Jumping into trades impulsively or ignoring your plan because you’re afraid of missing a move.
Solution: Always wait for your setup and trust your process.
Managing a trade effectively requires a combination of strong planning and psychological readiness:
Set Your Stop-Loss and Take-Profit Levels: Before opening a position, plan for both loss and profit scenarios.
Prepare Your Mind for Losses: Accept the risk before entering the trade.
Journaling is Key: Track and review your trades to find patterns and improve over time.
Personalize Your Rules: Your trading style should match your personality and risk tolerance.
💬 What’s your approach to managing trades? Do you track your results in a journal? 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 | HBAR: Momentum, Key Levels, and Future Targets👋 Welcome to Trade City Pro!
In this analysis, I’ll be reviewing the HBAR coin, which belongs to the Hedera project. This coin operates in the DeFi and RWA categories and also features a Layer 1 network.
📅 Weekly Timeframe
On the weekly timeframe, we observe a powerful bullish leg that began at the 0.04226 level and extended to 0.33994, marking an impressive 700% growth.
🔍 The 0.33994 level serves as a critical resistance, closely aligned with the 0.44075 resistance, creating a highly significant supply zone between these two levels.
✨ Currently, the price has been rejected twice from this area. In my view, this is a healthy development for the bullish trend, as corrections are essential for sustained growth. Considering the 700% surge over a few candlesticks, this pullback likely helps close long positions and strengthens the trend's foundation.
📊 Market volume has also been decreasing during this correction, signaling alignment with the bullish trend. Additionally, the RSI is exiting the overbought zone, paving the way for the price to establish a new structure and potentially resume its upward movement.
🔼 If the 0.44075 resistance is broken, the price could achieve a new all-time high (ATH). To determine specific targets, we need to wait for this resistance to break and use Fibonacci levels based on the recent corrections.
📉 In case of a deeper correction, the 0.13023 level will be the most critical support. This area has shown strong reactions in the past and can act as a solid support during significant pullbacks. The 0.19647 level could also provide support, but the primary level remains 0.13023.
📝 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! ❤️
ADA - Time to buy again!I think this price level has good support, and from here the price can grow well.
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!!
DOGECOIN - Time to buy again!As you can see, the price is forming two bullish patterns on the 4h timeframe, If my view is correct, DOGECOIN will rise to $0.50 .
And if this pattern is correct and breaks, higher targets are possible.
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!!
Nobody appreciates it !!!The price is currently at a important point, which in my opinion is bullish. There are two scenarios here: first, the triangle breaks upwards and reaches the target; second, the triangle breaks downwards to liquidate traders and then reaches the intended target.
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!!
TradeCityPro | AIOZ: Harnessing AI in Crypto's Competitive Arena👋 Welcome to TradeCityPro!
In this analysis, I want to review the AIOZ coin for you. This project is one of the AI projects and competes with other numerous AI crypto projects.
📅 Daily Time Frame
In the daily timeframe, we are observing a ranging trend that is slightly accompanied by bullish momentum, and there is a possibility of breaking the range ceiling and becoming bullish.
🔍 Currently, the price has started a bullish trend from the low of 0.36363, reaching up to 1.20904, and is now in a correction and rest phase. The correctional range box is between 0.73691 to 1.20904.
📊 The support at 0.73691, which overlaps with the 0.382 Fibonacci correction, has created an important PRZ (Potential Reversal Zone). Currently, for the third time, the support at 0.73691 is being tested, and every time the price reaches this area, a volume of buying enters the market, and this time, as we are seeing today, a significant amount of buying volume has entered.
✨ The RSI oscillator currently does not have a specific trigger, and we need to wait until the price breaks one of the important areas. If the support at 0.73691 is broken, the RSI trigger would be breaking below 30, and if 1.20904 is breached, the trigger for this oscillator would be breaking above 70 and entering the Overbuy zone.
📉 If the support at 0.73691 is broken, the next supports are the 0.5 and 0.618 Fibonacci areas, with the 0.618 zone overlapping at 0.55669, which makes this area more significant. If this area is breached, it can be said that the bullish momentum is completely lost, and the price could move towards 0.36363.
🔼 The main support is at 0.36363, which is very important, and if this level is broken, it confirms a trend change. On the other hand, if 1.20904 is broken, it confirms the trend turning bullish, and we could witness the next 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! ❤️
TradeCityPro | Navigating NEXO's Financial Waters👋 Welcome to TradeCityPro!
In this analysis, I want to discuss the NEXO coin for you. The NEXO project is a payment platform. This coin has always had issues with the US government and has been involved in several legal cases, but now, with Trump as president, it's experiencing a more relaxed environment.
📅 Weekly Timeframe
In the weekly timeframe, we are witnessing an upward trend that started from a low of $0.521 and has managed to reach $1.523 with high buying volume and upward momentum.
🔍 After reaching the $1.523 area, a correction phase started, and the price dropped to $0.923, forming a range box between $0.923 and $1.523.
🔼 Considering the size of the candles, price behavior, and volume, it seems that buyers have been stronger than sellers in this range because they have managed to test the resistance at $1.523 three times, weakening this area with each attempt.
✨ Currently, the price is moving toward this resistance again. Given the high market momentum and key indices like TOTAL, this coin could also see significant momentum if it aligns with these indices, potentially breaking this resistance.
🚀 If the $1.523 resistance is broken, the price targets are around the Fibonacci Extension levels of 1 and 1.618, which approximately align with the $2.6 and $4.9 areas.
💵 Regarding market cap, the current price has a market cap of $900 million. Given this market cap, the potential to reach these targets could increase.
📉 In case of a correction, the first significant area is $0.923. A break below this area could signal a trend change. A break below 50 in the RSI could also indicate a trend change.
📅 Daily Timeframe
In the daily timeframe, we can see more details of the price movement within the box. As observed, the price in its last upward move has managed to move toward the $1.542 resistance after breaking the previous high of $1.065.
👀 After reaching $1.542 and the peak of buying volume, a price correction began with decreasing volume, correcting down to the 0.5 Fibonacci level. This area is also an important support zone, and the price has reacted to this zone, now moving back toward the $1.542 resistance.
⚡️ Currently, breaking the 60.23 level in the RSI could be very crucial. If this area is breached, considering the momentum entering the market, the likelihood of breaking $1.542 increases.
📈 The best long trigger currently is at $1.542. If the price stabilizes above this area, we can expect an upward price movement.
💥 On the other hand, if selling volume enters the market and we see large red candles, more significant corrections are possible, and the price could drop at least to the previous low of $1.212, the 0.5 Fibonacci area.
💫 In case of a deeper correction, the next support areas are the 0.618 Fibonacci level ($1.144), $1.065, and $0.0950. If the RSI breaks below 50, we can expect a confirmation of a downward momentum, making it a risky move to anticipate further price drops without solid triggers.
📝 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! ❤️
The #1 Reason To Buy SolanaYesterday was so stressful for me its crazy
how am still up .The truth is i need to sleep more often
-
Yesterday i got a huge break through
when it comes to risk management
You see there is a problem in the financial markets
mostly they are called pump and dumps
If you dont understand risk management you
may fall victim to this type of scam
And so to help you
look at the chart i have set a buy stop order
on Solana COINBASE:SOLUSD
but you really need to act fast
because this buy stop order
wont be active for long
once the price passes that order you are cooked!!
and you wont see this type of opportunity
to buy from this price again
The reason solana is on the spot light
is because thats the protocol that this new
memecoin
launched by the president trump and first lady
melania is built on.
So enter your buy stop order now.
You next entry may not be good enough
or worse you may be part of a pump and dump
This order comes from the rocket booster strategy
if you want to learn more about this
strategy check out the references below.
Rocket boost this content to learn more.
Disclaimer:Trading is risky please learn risk
management and profit taking strategies.
Also use a simulation trading account
before you trade with real money.
TRUMP/USDT AnalysisThe price is testing the red resistance zone.
🎯 Targets if breakout occurs:
1️⃣ First Target: Green line
2️⃣ Second Target: Blue line level
📊 Alternative Scenario:
If the price gets rejected and breaks the black support trendline, there could be a good entry opportunity at the green zone.
TradeCityPro | MANAUSDT Potential Fake Breakout of Support👋 Welcome to TradeCityPro Channel!
Let’s analyze MANA, one of the metaverse-category altcoins in the cryptocurrency market. Recently, I’ve had a feeling that we might witness a fake breakout in the market.
Scroll Down to Check Out the Analytical Chart as Well!
🌐 Overview Bitcoin
As always, we start with Bitcoin’s 1-hour timeframe, which is currently in a calm state with no significant fluctuations, essentially ranging.
If the 104227 trigger breaks and a lower high is formed, you can open a scalping short position, but make sure to secure profits quickly. For long positions, I plan to open one after 106498, as Bitcoin dominance is likely to rise, making Bitcoin my primary focus.
📊 Weekly Timeframe
On the weekly chart, MANA remains within a 200% range box, recently rejecting from the box's ceiling.
I’ve already bought some MANA, but my main trigger for significant buying is a breakout above 0.7638. I don’t pay much attention to fluctuations inside the range box. After breaking the box ceiling, MANA could easily yield up to 600% profits depending on token count and market cap.
If you’ve already bought within the range without sufficient momentum, consider setting your stop-loss below 0.2519. For re-entry, as mentioned earlier, wait for a breakout above 0.7638, where I’ve set my alerts.
📈 Daily Timeframe
On the daily chart, after breaking our daily trigger at 0.3390, which was also the box ceiling, we witnessed an impressive move, gaining 130% up to the box ceiling at 0.7833.
This demonstrates why it’s better to buy after a momentum-driven breakout rather than inside the range box. Post-breakout purchases often lead to faster profit realization and better stop-loss placement, even if the entry point is slightly delayed.
Currently, MANA is at a critical support level, correcting 50% of its impulsive wave, which is significant both in terms of Fibonacci retracement and Dow Theory, classifying it as a potential PRZ (Potential Reversal Zone).
For re-entry, a risky buy can be considered after 0.5782, while a safer buy opportunity lies after breaking 0.7833. It’s too early to exit or take profits now, and I wouldn’t act on a breakdown of 0.4614, except to open a short position.
⏱ 4-Hour Timeframe
On the 4-hour chart, MANA is ranging at the 0.4614 key support, repeatedly testing this level without significant upward movement, indicating stronger selling pressure. However, if sellers fail to break this support, buyers may step in, potentially driving the price higher.
📉 Short Position Trigger
The short position trigger is straightforward: I will open a short position after breaking 0.4614. However, since I expect a fake breakout, I will secure profits quickly on any short positions.
📈 Long Position Trigger
Currently, there isn’t a clear long trigger. If a fake breakout occurs, I’ll look for opportunities to take a long position using my fake breakout strategy. Additionally, if higher highs and lows form, I’ll search for a reliable long trigger.
📝 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! ❤️