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Trend Lines

Solana , cup & handle BOIt seems like SOL is making an effort to gain momentum, but there are still many buyers from November 2021 who are stuck. It’s essential to let the price absorb all the supply near the resistance level, and then look for a solid breakout above 268 with good volume on the weekly timeframe. The chart is indicating a cup and handle formation, so the stop loss should be set at the low of the handle, which is around a strong close below 106. I do use logarithmic charts, so the long position might look like 1:1 RR, but it's actually 1:5 RR. Remember to do your own research before investing.
BINANCE:SOLUSDLong
by ShivNetha
150% Profit📊Setting a trading signal based on price levels involves identifying key thresholds that can trigger buy or sell actions. Here’s how you can set signals for the NOTUSD asset based on the provided price levels: ✅Buy Signal: Entry Point: Consider buying when the price is around 0.0066. This level seems to be a lower support point, offering a potential entry for a bullish move. Confirmation: Wait for additional confirmation, such as a price rebound or positive volume increase, to ensure the support holds. 🟢Take Profit Signal: First Target: Set the first take-profit level at 0.0087. This represents a significant price increase from the entry point. 🟢Second Target: The next take-profit level could be at 0.01689, which aligns with the higher price range mentioned. 🔴Stop Loss Signal: Risk Management: Place a stop-loss order slightly below the entry point, around 0.0054, to minimize potential losses if the price moves against your position. Sell Signal: Exit Point: If the price reaches 0.000505 and shows signs of reversal or resistance, consider selling to lock in profits. Re-Entry Signal: Pullback Opportunity: If the price retraces to 0.000460 after a peak, it might offer a re-entry point for another potential upward move. By setting these price-based signals, you can systematically approach trading the NOTUSD asset, balancing potential profits with risk management. Always monitor market conditions and adjust your strategy as needed. 🚀
Long
by ehsancrypto72
HTF Daily Range EQ Level $71.75, Should we start to look SHORT?NYMEX:CL1! "Successful trading has always been about understand the convictions, the strength and the weakness of buyers and sellers. Once you understand what the other traders are doing in the market, you can successfully trade with them." -Michael Valtos Lets pay very close attn. to CRUDE OIL . As price is nearing HTF Daily Consolidation EQ Level $71.75 Per Barrel. We have to pay very close attn. to the ORDER FLOW Footprint to make sure we are in favor. I'm not 100% SHORT from the EQ Level $71.75 due to we have a Un-Mitigated Daily Supply Zone above. As I mentioned before we'll watch the O/F FP to make our best call for entry. I'll keep post as PA develops. Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well Abundance awaits us." -500KTrey
NYMEX:MCL1!
by TreyHighPwr
Boldly short goldBros, gold has shown a strong rebound within the lower timeframes, surging from 2605 to 2615. While the momentum of the rebound appears strong, it has failed to break through the resistance zone of 2618-2625. This suggests that gold may be depleting bullish momentum within the short-term cycle through accelerated upward movements. From a technical perspective, this could also be a potential bull trap, enticing traders to go long on gold. Therefore, avoid chasing gold during this rebound. As I mentioned in my previous article, you can use the 2618-2625 area as resistance and start shorting gold above 2615. Just now, gold rebounded above 2615, giving us a second opportunity to short gold. Once gold consumes the bullish momentum to a certain extent, it will retest the 2600-2590 zone again, or even 2580 level. Let’s wait and see how this plays out! Bros, have you joined me in shorting gold? If you want to learn more detailed trading strategies and receive additional trade signals, you can join the channel linked at the bottom of the article. Let’s make trading easier and turn profits into a source of enjoyment!
OANDA:XAUUSDShort
by Trader_Marvin
S&P 500: Final Day Analysis with Key Levels and Trend OutlookS&P 500 Technical Analysis It's the final trading day of the year. The price shows bullish momentum up to 5,969, which must be confirmed by a 4-hour candle closing above this level. This could lead to a further rise toward 6,022, followed by a correction. Conversely, stability below 5,969 will trigger a bearish move from 5,969 toward 5,899 and potentially 5,863. Key Levels: Pivot Point: 5937 Resistance Levels: 5969, 6022, 6053 Support Levels: 5905, 5863, 5790 Trend Outlook: Bearish Momentum: Stability below 5,969 Bullish Trend: If 5,969 is broken
OANDA:SPX500USDShort
by SroshMayi
HelenP. I Bitcoin can break support level and fall to 88KHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price rebounded from the trend line and rose to the support level, which coincided with the support zone. Then price some time traded below the support level and later finally broke it. After this, BTC rose a little and then made a correction to the support zone, after which it turned around and started to grow to a resistance level. When the price reached the resistance level, which coincided with the resistance zone, it made a correction movement to the support zone, after which at once turned around and started to grow back. Later BTC reached the resistance level and broke it, after which grew to 108400 points and then dropped to the support level, breaking the resistance level. Then BTC some time traded near support level and then rebounded and tried to grow. But recently it fell back to this level, which coincided with the trend line, and continues to trades close. For this reason, I expect that BTCUSDt will make a small movement up. After this, the price turns around and starts to fall, breaking the trend line with the support level, after which make retest, or not and continue to fall. Therefore I set my goal at 88000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
Short gold, aiming for 2600-2590Bros, gold rebounded after touching 2596 overnight, and has now rebounded to 2617. Although gold has gradually recovered, the momentum behind the rebound appears notably weak, leaving the sustainability of the recovery uncertain. Furthermore, despite the rebound from the 2596 level, there are no clear signs of bottoming out, which suggests that gold currently lacks the conditions for a trend reversal. This movement is likely just a correction to the sharp decline from yesterday, making it highly probable that gold will retrace after the rebound and retest its support levels. In the short term, resistance is concentrated in the 2618-2625 range. If the rebound lacks the momentum to decisively break above this resistance, gold is likely to retest the 2600-2595 support zone. Should this zone be breached, the downtrend could extend further to the 2585-2580 range. For short-term trading, I have entered a short position on gold at a price of 2615.62, using the 2618-2625 range as resistance. I anticipate that gold will once again test the 2600-2595 region. As for whether gold will extend its decline to the 2585-2580 zone, let’s wait and see! Bros, are you optimistic about the continued decline of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
BTC, clear H&S top - more down to comeIt looks as though we have a head and shoulders top in play with BTC. Left, head and right are clearly marked on the diagram. If, the red neckline should be broken then we go down to the 70s which will present a wonderful buying opportunity for those who are not in or want to buy a little more. Long-term, we're still very much on the upward trend but be careful if you have any day trades for longs as the most likely probable outcome is down. Follow for more.
by cryptechcapital
BIOCON UPDATE🚀 Biocon (BIOCON) – Moving After Consolidation – Stay Confident! 🚀 Trade Update: I entered a long position on Biocon during the consolidation phase, and it’s now starting to show some movement. The price action has been quiet for a while, but we are finally seeing the breakout I was anticipating. 1. Breakout After Consolidation: The price is now moving upwards, confirming the breakout and the end of the consolidation phase. This is a classic move where price breaks out from a range, and the momentum can carry it higher. 2. Technical Indicators: Volume has been increasing, showing that this move has strength and backing. The Moving Average (MA) is also supporting the bullish trend, with the price above . 3. Current Position: Entry: I entered at 324.20 avg during the consolidation phase. Target: My first target is with a potential for further upside if momentum continues. Stop Loss: I’ve placed my stop loss at to manage risk in case of any pullback. 4. Trade Management: I’m monitoring the price action closely. If the move gains more strength, I may adjust my targets higher. For anyone who followed, ensure you’re keeping a close eye on the key levels of support and resistance to manage risk effectively. 5.Confidence in the Move: This trade was based on a strong technical setup, and I’m confident it has the potential for further upside as long as the trend continues to hold. Disclaimer: This is my personal trade and not financial advice. Please do your own research and manage your risk appropriately. #indianstocks #pharmasector #cnxpharma #swingtrading
NSE:BIOCON
by Sateesh07
"Nifty at the Crossroads: Will the Bulls Hold the Line or Give W"Nifty at the Crossroads: Will the Bulls Hold the Line or Give Way to the Bears?" 🔍 Market Update: Nifty is trading at a crucial support level of 23538, the low created on 20th December, and is showing mixed signals: 📊 CPR Levels: For the past 5 trading sessions, Nifty has been closing either above or at the CPR level, signaling indecision. 📉 Bearish Start Today: A gap-down opening with Nifty now testing its key support zone. 📈 Trendline Breach: On the daily timeframe, Nifty has breached its long-held trendline and opened below it. If the index is to resume its bullish rally into the New Year, it must reclaim this level soon. 🎯 Crucial Levels to Watch: Support: If Nifty closes below 23538, the next stop could be 23182, a critical 61.8% Fibonacci retracement level. Bullish Scenario: Sustaining above the trendline could reignite the bullish momentum. 💡 Key Takeaway: Before taking a bearish stance, wait for Nifty to confirm its direction by decisively breaking or holding this support level. 📢 Disclaimer: This post is for educational purposes only. Investments in the stock market are subject to market risks. Please consult a financial advisor before making any trading decisions.
NSE:NIFTYShort
by the_fib_trader