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BTC Nears Critical Supply Zone: Key Levels and Triggers to Watch🔍Bitcoin (BTC) is approaching a crucial supply zone. Here's an in-depth analysis to guide your trading decisions. 📆Coin of the Day: BTC (Bitcoin) Bitcoin is the pioneering cryptocurrency, known for its decentralized nature and wide acceptance as a store of value and medium of exchange. 🧩Technical Analysis 4-Hour Timeframe This analysis focuses on futures trading, highlighting multiple scenarios. 📉Support and Resistance: The price is currently at the edge of a significant supply zone, which spans from 71,677 to 73,305. This zone, identified in the 1-day timeframe, has historically been a strong resistance area. A confirmed break and hold above 70,486, followed by a pullback, could signal a potential move higher. 📈Bullish Scenario: The 25 and 99-period SMAs are aligned with the current uptrend, suggesting bullish momentum. If the price breaks and sustains above 70,486 and then successfully pulls back, the next key level to watch is the top of the supply zone at 73,305. 📉Bearish Scenario: If the supply zone holds, preventing the price from moving higher, a significant downside move could ensue. The immediate support levels to monitor are at 70,486 and below at 68,984. 📊Volume and Moving Averages: A notable increase in volume has been observed as BTC interacts with the supply zone, indicating a battle between buyers and sellers. The 25 and 99-period SMAs support the bullish case, potentially bringing further upward momentum into the market. 💡Key Triggers and RSI: Pay attention to the RSI levels, which could provide additional confirmation for potential entries and exits. RSI triggers are noted at 74.51, 63.09, and 55.29, indicating different phases of momentum. 👨‍💻Trading Positions Long Position Entry Trigger: Break and sustain above 70,486, with confirmation after a pullback. Strategy: Open a position on the break of these levels, targeting the top of the supply zone at 73,305. Use tight stop-loss orders to manage risk. Short Position Entry Trigger: Rejection from the supply zone, particularly if price fails to sustain above 70,486. Strategy: Open a position if the price shows strong rejection from the supply zone, targeting lower support levels such as 68,984. Adjust stop-loss orders accordingly. 📝BTC is testing a critical supply zone, with significant implications for future price movements. Traders should monitor breaks of key levels to open positions. Volume and moving averages indicate potential bullish momentum, while the RSI provides additional confirmation. 🧠💼Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
It is time for a BEER The hype is crazy about this coin and there are not many coins in the near past that got so much attentiontion in a short time. It got listed very quick on every important exchange for at least spot trading. Is is completely volatile but we want to try this here but only when we are awake. If this setup is getting filled during the night we don't want to bid this. Therefore we are not setting a limit order yet but just alerts to catch it either today evening or tomorrow. The supply is only a 15m one, so it could get flipped easily but for now this supply on the lower time frame seems valid. Going to tag you once an alert is triggered and we are awake.
1Long
by stromm_by_wmc
1
ONDO - low time frame setupOn Ondo on the other hand we are looking for long setup on the lower time frame. It seems as ONDO is topping out on the lower time frame and even with other coins pushing ONDO has some problems following other alts. If the trendline is getting lost, as we anticipate, we could witness a quick sell off into the FVG 2H. We want to bid mid FVG with the support down below. Stop loss is right below the support zone and the target are the current wicks but it could continue even higher.
Long
by stromm_by_wmc
BOME Trading ScenarioThe asset price chart has completed the correction from the $0.018578 level to the $0.007099 level, which represents more than 60% of the correction. Currently, the asset is trading within the ascending trading channel, pushing away from the sloping support and resistance levels. The volume profile indicates that participants continue to demonstrate interest in continuing the ascent within the channel. Touching and rebounding from the sloping support level may be an optimal entry point for a position that will continue to grow, with a probability of subsequent breakdown of the sloping resistance level and continued upward movement.
by Rick_SimpleSwap
SAND's Potential Breakout: Will It Hold Above Key Levels?🔍The market is currently showing some promising signs, but we need to wait for confirmation before taking any action. 📆Coin of the Day: SAND (The Sandbox) About the Project The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences using SAND, the main utility token of the platform. 🧩Technical Analysis 4-Hour Timeframe This analysis focuses on futures trading and explores potential market scenarios. 📊Curve Line: The current price action is forming an upward curve, but this curve is not yet reliable. We need to see a confirmation with a price move above 0.469 to consider it a dependable support line. 📈Bullish Scenario: If the price breaks above 0.469, the next targets would be 0.5057 and potentially 0.5100. A confirmed move above these levels could indicate a strong bullish trend. Watch for the RSI to break above 66.06 to confirm the entry of bullish momentum. 📉Bearish Scenario: If the price fails to break above 0.469 and starts to decline, it might test lower support levels at 0.4492 and 0.4300. A significant bearish move could lead the price down to 0.4057. Volume analysis suggests caution, as the volume is not strong enough to support a sustainable bullish trend yet. 📊Volume Analysis The volume is currently volatile and not showing a clear trend. This volatility in volume is a negative point for a strong upward trend, indicating that traders should be cautious and wait for clear signals before entering any positions. 👨‍💻Trading Positions Long Position Entry Trigger: Break above 0.469 Strategy: Open a position on the break of 0.469 and wait for confirmation from the price action to set the target. Consider taking profits or adjusting stop-loss orders based on market conditions. Short Position Entry Trigger: Failure to break above 0.469 and a decline below 0.4492 Strategy: Open a position if the price fails to break above 0.469 and starts to decline, targeting lower support levels such as 0.4300 and 0.4057. 📝SAND is currently forming an upward curve but requires confirmation above 0.469 to be considered reliable. Traders should watch for breaks of critical levels to open positions. Volume analysis suggests caution due to its volatility. Long positions should be considered above 0.469, while short positions can be approached if the price fails to break above this level and declines below 0.4492. Always keep an eye on the RSI for confirmation of momentum in either direction. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
TFEX S50 FuturesTFEX S50 Futures looking down in all 3 Trend Primary trends Secondary trends Minor Trends At the moment it is at the -2SD support level of the Volume Normal distribution and POC of Regression Trend Now Volume Profile of last Degree move down to the bottom that might bounce. If looking down, wait for a bounce and then open a short at the POC resistance level or wait for a reversal at the upper edge. If you look up and don't care about the trend, open Long at the support level, set Stop Loss at Low. However, There is a target of going down in the Range Volatile month and 3rd month At 800 it is still the first target. Trade with faith in your beliefs and follow your own plan. C.Goii SuperTrader
TFEX:S501!Short
by CoachGoii_SuperTrader
1
KAVA Analysis: Navigating the Range🔍Bitcoin's dominance is creating market uncertainty, resulting in low volatility for many altcoins, including KAVA. KAVA is a project within the Cosmos ecosystem, known for its significant staking activity, leading to smoother price movements. 📆 Coin of the Day: KAVA About the Project KAVA is a project within the Cosmos ecosystem, known for its significant staking activity which leads to lower volatility and smoother price movements. 🧩 Technical Analysis 4-Hour Timeframe This analysis focuses on futures trading, examining different scenarios. ♟ Support and Resistance: KAVA has primary support at 0.6216 and primary resistance at 0.7036. The major resistance level is at 0.7725, while a significant support level is at 0.6216. The market is currently ranging between 0.7036 and 0.6495, making it challenging to trade within this range due to the fixed range volume profile. 📉 Bearish Scenario: If the price breaks below 0.6216, the next bearish target is 0.5572. This level becomes significant for confirming a new bearish phase. 📈 Bullish Scenario: If the price breaks above 0.7036, we can look for a target at 0.7725. Confirmation of bullish momentum would be crucial for entering a long position. 📊Volume Analysis The volume is currently ranging with a slight sell momentum. Significant buy volume is needed to break the resistance levels, and increased sell volume is required to break the support levels. 👨‍💻 Trading Positions 🪄Long Position Primary Entry Trigger: Break above 0.7036 Strategy: Open a position on the break of 0.7036 and wait for confirmation from the price to set the target at 0.7725. Consider taking partial profits at 0.7725 and adjusting stop loss to entry. 💣Short Position Primary Entry Trigger: Break below 0.6216 Strategy: Open a position on the break of 0.6216 as this is a very critical level in the market. Target the next support at 0.5572. Adjust stop loss based on price action. 📝 Summary: KAVA is currently ranging within key support at 0.6216 and resistances at 0.7036 and 0.7725. Traders should watch for breaks of these critical levels to open positions. The fixed range volume profile indicates significant trading activity between 0.7036 and 0.6495, making trading within this range challenging. Long positions should be considered above 0.7036, while short positions should be considered below 0.6216. Always keep an eye on Bitcoin's market conditions as it significantly influences KAVA's price action. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
Ethereum (ETH) Market Analysis🔍Ethereum (ETH) is the coin of the day, a project that stands out from other altcoins due to its significant market dominance and substantial capital investment in both its network and coin. Unlike many other altcoins, Ethereum is less dependent on Bitcoin, making it an interesting asset to analyze independently. 🔄Previous Analysis Recap In the previous analysis, it was suggested to enter a long position upon breaking 3798 with a target of 4063. After entering the position and reaching a risk-to-reward ratio of 2, I took partial profits and moved my stop loss to the entry point. The price did not move higher and eventually hit the stop loss at the entry point, resulting in a small profit due to the partial profit-taking. ⌛️4-Hour Timeframe Current Situation: After forming a low at 3652, the volume has significantly decreased. Given the weekend lull, market momentum has completely dissipated. The 99-period SMA is approaching, potentially acting as the last hope for bullish momentum to re-enter the market. 🔑Key Levels: Resistance: 3960 (first resistance), 4063 (key resistance) Support: 3652 (current low) ⚡️Indicators: RSI: Watch for a break above 54.46 for bullish momentum confirmation. 99-period SMA: Approaching price, may provide support or resistance. 📈Bullish Scenario Entry: Break above 3960. Target: Initial target at 4063. If 4063 is broken and price stabilizes above this level, a significant upward move could be expected, especially benefiting Ethereum ecosystem coins. Confirmation: RSI breaking above 54.46. Long Position Primary Trigger: Enter on a break above 3960. Secondary Trigger: Enter on a break and stabilization above 4063 for a stronger bullish confirmation. RSI Confirmation: Watch for a break above 54.46 to confirm bullish momentum. Note: Monitor the price action around 4063 carefully, as it is a crucial resistance level. 📉Bearish Scenario Entry: First trigger at 3719 (risky), main entry on a break below 3652. Target: Following a break below 3652, look for confirmation of bearish momentum with a break below 41.03 on the RSI. Short Position Primary Trigger: Break below 3652. Secondary Trigger: For a riskier entry, consider 3719, but the main focus should be on 3652. RSI Confirmation: A break below 41.03 would confirm bearish momentum. 📝Ethereum is currently in a consolidation phase with key support at 3652 and resistances at 3960 and 4063. The low volume suggests that a significant move could be imminent. Traders should watch for breaks of these critical levels to enter positions, with volume and RSI serving as additional confirmation indicators. Always keep an eye on market conditions and adjust positions accordingly. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
Market Analysis and NEO Coin Technical Analysis🔍The market is still ranging, and we are waiting for our triggers to be activated before opening positions. 📆 Coin of the Day: NEO About the Project NEO is one of the older projects in the crypto space with its own blockchain, currently ranked 85 on CoinMarketCap, and part of the top 100 coins. 🧩 Technical Analysis 4-Hour Timeframe This analysis is for trading in futures, examining different scenarios. ♟ Support and Resistance : After a bearish move, the price has found support at 14.39. Since then, the price has been ranging, with three touches at this support level. However, no single high has formed; instead, there are two resistance levels at 15.88 and 16.91. 📉 Bearish Scenario : If a candle closes below 14.39, the next bearish phase might start, with the first support target at 13.31. A break below 35.47 on the RSI could confirm the bearish momentum. 📈 Bullish Scenario : If the price breaks above 15.88, we can look for a target at 16.91. A break above 16.91 would set the next target at 19.17. A break above the 50 level on the RSI could confirm the entry of bullish momentum into the market. Volume Analysis The market volume has been steadily decreasing, and since today is Saturday, the volume is especially low. Lower volume indicates that the next market move could be very sharp. 👨‍💻 Trading Positions Long Position Entry Trigger: Break above 15.88 Strategy: Open a position on the break of 15.88 and wait for confirmation from the price to set the target. Consider closing the position or taking profits based on price action and market conditions. Short Position Entry Trigger: Break below 14.39 Strategy: Open a position on the break of 14.39 as this is a very critical level in the market. After the break, this level could provide a good risk-to-reward ratio. 📝NEO is currently ranging within key support and resistance levels. Traders should watch for breaks of these critical levels to open positions. Volume analysis suggests that the next move could be sharp due to the low trading volume, especially on a weekend. Long positions should be considered above 15.88, while short positions should be considered below 14.39. Always keep an eye on the RSI for confirmation of momentum in either direction. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
2
Market Analysis and UNI Coin Technical Analysis🔍The market has not yet made the sharp move we expect in the coming days, but I recommend keeping a close eye on the chart. The volume is very low, and the market could start its upward move in the next few days. 📆Coin of the Day: UNI (Uniswap) About the Project Uniswap is a decentralized exchange (DEX) project that allows users to trade cryptocurrencies in a decentralized environment without the need for identity verification. Additionally, because it is a decentralized exchange, anyone can become a liquidity provider and earn fees from the trades conducted on the platform. 🧩Technical Analysis 4-Hour Timeframe After the previous analysis, where I mentioned that breaking 8.226 could lead us to the target of 10.521, we saw this happen as the price not only reached but surpassed this target, hitting a peak of 11.733. Currently, the market is in a correction phase, and we have retraced to the 0.382 Fibonacci level. Given the increasing volume of red candles, we might expect further correction to the 0.618 Fibonacci level, which overlaps with 9.806 and could even reach 9.028. 📊Volume Analysis The volume of red candles is increasing, indicating a strong bearish correction phase. If the correction continues, it could reach the 0.618 Fibonacci level or even 9.028. 📈Trading Positions Long Position Entry Trigger: Break above 11.733 Target: 13.338 Confirmation: A break above 54.02 on the RSI could confirm the entry of bullish momentum into the market. Short Position Entry Trigger: Break below 9.028 Target: Short-term targets can be determined based on lower timeframe analysis. Confirmation: A break below 40.35 on the RSI could confirm the entry of bearish momentum into the market. For scalping, a short position can be opened on the current red candle, but it is recommended to move to lower timeframes for better precision. 🔑Key Levels Support: 9.028, 9.806 (0.618 Fibonacci level) Resistance: 11.733, 13.338 Main Trigger for Short: 6.768 (although it is currently far from the price, it is important to note for future analysis) 📝UNI is currently in a correction phase after a significant upward movement. Traders should watch key support and resistance levels and use volume and RSI indicators to confirm entries. Long positions should be considered above 11.733, while short positions should be approached with caution, potentially entering below 9.028 for a safer setup. Always keep an eye on market volume and RSI for confirmation of the trade direction. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
Bitcoin Analysis (4-Hour Timeframe)🔍Bitcoin is currently in a resting phase, waiting for a decisive move. Let's conduct a comprehensive analysis of Bitcoin in the 4-hour timeframe. 🔄Previous Analysis Recap In the previous analysis, entering a long position was suggested upon breaking 66,828, which would have yielded a good profit up to the 72,000 level. The short trigger from the previous analysis was not activated, so there is no need to revisit it. 🧩Current Levels and Structure Support Level: The previous support level of 66,828 has now shifted to 67,225. Resistance Level: Bitcoin has reacted twice to 70,486 after reaching 72,000, establishing 70,486 as the new resistance. Bitcoin has been ranging between 67,225 and 70,486, forming a consolidation phase. Additionally, an ascending trendline has been observed, which Bitcoin reacted to in the previous candle and is now slightly distanced from. On a larger scale, Bitcoin is ranging between 60,967 and 73,305. As long as these levels remain unbroken, the market will likely remain without strong momentum. 📊Volume Analysis Volume has significantly decreased and is now at a minimum, indicating a potential sharp move in price. Understanding volume is crucial: 📈High Volume: Indicates a large number of traders are active, increasing market momentum and potential for significant price movements. 📉Low Volume: Indicates fewer active traders, reducing market momentum and causing consolidation. However, this gives whales more control to create larger, sharper price movements. Given the current low volume, whales have the ability to move the market sharply, increasing the likelihood of a significant bullish or bearish move. 📚Trading Positions 📈Long Position: Primary Trigger: Enter a long position upon breaking 70,486, targeting 73,305. Main Trigger: A confirmed candle above 73,305. Rationale: Although entering at 73,305 may seem ideal, the market will likely be highly volatile, making it difficult to open positions. Therefore, entering at 70,486 is preferred. 📉Short Position: Primary Trigger: Enter a short position upon breaking 67,225, targeting 65,141. Next Trigger: Breaking 65,141. Main Trigger: Breaking 60,976, which would likely result in significant bearish momentum. 📝Conclusion Bitcoin is at a critical juncture with potential for a sharp move given the low volume and consolidation phase. Key levels for long and short positions have been identified: Long Trigger: 70,486 with a target of 73,305. Short Trigger: 67,225 with a target of 65,141, and further down to 60,976 for a more substantial bearish move. Traders should closely monitor volume and price action at these levels to capitalize on the next significant market movement. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
ARB/USDT Trading ScenarioWe are considering a scenario of price movement for ARB. Currently, the asset is within a price range that attracts active market participants' interest. This interest is confirmed by the analysis of the volume profile and increased activity on the vertical histogram. The asset's price is currently below the resistance level at $1.2746, which is above the point of control at the price level of $1.1439, acting as support. We can expect a continuation of the upward movement upon overcoming the resistance level at the price of $1.2746 and consolidating above it. The next significant point may be the overcoming of the 200-day moving average, above which the resistance level is at the price of $1.6051.
by Rick_SimpleSwap
GOLD is gaining momentum for sell!!!Based on higher time frame analysis, it is observed that Gold is struggling to move higher. It is now caught in a downward spiral as it closes below the EMA's and is slowly gaining momentum in lower timeframes like M15. I believe we might experience a significant downward movement in the market. Trade at your own risk!! this is not a signal service but my analysis on the market NOTE: High alert new for FOMC so be careful Stop Loss =2370 Profit Target = 2292 Follow me for more breakdowns!! Thank you
OANDA:XAUUSDShort
by ShinForex1
📈Market Analysis and ENJ Coin Review🎮🔍Bitcoin is still ranging, and with the decline in Bitcoin dominance, altcoins might experience upward movements independent of Bitcoin. 📆 Today's Coin: ENJ Today, we'll focus on ENJ (Enjin), which is a game engine for Web3 and provides suitable infrastructure for gaming projects. 🧩 Chart Analysis Looking at the 4-hour timeframe, we observe an upward movement accompanied by a trendline. There was a fake breakout once, but the price managed to climb back above the trendline with less strength, continuing its upward trajectory. Currently, it has returned to the trendline support level, and we need to see how it reacts to this level.Key static support levels are at 0.2755 and 0.3673. Previously, 0.3673 acted as a resistance and, if this pullback can be stopped, it may serve as support. 📊 Volume Analysis After closing above the 0.3673 level, a significant amount of buying volume entered the breakout candle. However, the candle's shape indicated trend weakness, and subsequent candles showed higher selling volume than buying. This divergence suggests that selling pressure needs to decrease and buying volume needs to return for the market to move upward. If this volume divergence persists, a trend reversal is likely, as no trend can continue with sustained volume divergence. 👨‍💻 Trading Positions 📈 Long Position : For a long position, if volume conditions (discussed in the volume analysis) are met, consider entering on a break above the 0.3853 trigger with a target of 0.43. This is the only current long trigger unless the market forms a new structure. If the RSI breaks above 70, it confirms momentum, and you can hold the position longer. 📉 Short Position : For a short position, the main trigger is 0.2755. If this level breaks, the first target can be 0.2529. If the price finds support at 0.3673 and retests, and if it stabilizes below this level, a very short scalp position can be taken with volume confirmation. Another short trigger is 0.3375, which is a trend-breaking trigger, with a target at the bottom of the box at 0.2755. 📝In conclusion, the ENJ market is currently showing potential for both long and short positions, depending on key trigger levels and volume confirmations. Always ensure you monitor volume closely and be prepared to adjust your strategy based on market conditions. Happy trading! 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
📈Market Analysis and ENS Coin Review🔍🔍Bitcoin has been ranging for several days, and the main market volume has shifted to Ethereum. This shift is primarily due to the significant hype surrounding Ethereum's ecosystem, attracting more investor interest compared to Bitcoin. 📆 Today's Coin: ENS Today's focus is on ENS, a coin within the Ethereum ecosystem. Due to the substantial hype around it, ENS has the potential for significant upward movement. 🗂 About the ENS Project ENS, which stands for Ethereum Name Service, provides domain names for Ethereum wallets, making asset transfers easier. Similar to how domain names simplify website navigation, ENS domains facilitate the easy identification and transfer of assets. 🧩 Chart Analysis After reaching the resistance at 26.39, ENS entered a ranging phase. From the beginning of 2024 to mid-April, it remained within a box between 16.55 and 26.39. It then broke downwards, reaching the 0.618 Fibonacci level, which coincided with a trendline on the chart, forming a support at 13.19. Following a month of consolidation, ENS broke above 16.55 and reached 26.39 again, where it is currently consolidating. 📊 Volume Analysis During the recent upward movement, volume increased significantly, indicating strong trader interest in ENS. Following the test of the 26.39 resistance, the volume started to decline, which is typical as the market decides its next move. 🪄 Indicators and Oscillators The RSI oscillator entered the overbought zone coinciding with the resistance at 26.39. If the RSI breaks the next overextended level at 79.01, it would indicate sustained momentum, potentially allowing the price to break 26.39 and target 38.34. Conversely, exiting the overbought zone might signal the activation of a bearish divergence, but this needs confirmation through new market structures. 👨‍💻 Futures Trading 📈 Long Position : For a long position, entering after a break above 26.39 is advisable. Identifying a trigger in lower timeframes might be challenging, but if the price stabilizes above this level, it could yield substantial profits. 📉 Short Position : For a short position, the primary triggers are at 16.55 and 13.19, which are currently far from the price. However, a risky short position could be considered at 22.59 if volume starts increasing on the sell-side and RSI activates its divergence, indicating a temporary loss of bullish momentum. 🛒 Spot Trading For spot trading, a break above 26.39 on the daily timeframe is a good entry point. Upon confirmation with a bullish candlestick, you can proceed with the purchase. If you already hold ENS, consider setting a stop-loss below the 13-dollar range. The initial target, if 26.39 is broken, is 38.34. 📝In summary, the analysis provided is based on current market conditions and chart data. Always cross-reference your analysis with other reliable sources and make your final trading decisions based on your personal strategy and market conditions. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
📈Sunday Market Insights: Navigating the RNDR Coin Waves🌊🔍Let's dive into today's analysis. It's Sunday, and since it's a holiday, the market volume is lower than usual, making market movements less reliable. 📆Coin of the Day: Render Token (RNDR) Today, we're analyzing Render Token (RNDR). I've previously analyzed this coin on the daily timeframe, and I hope you took advantage of the entry points I provided. The project's idea is to provide rendering services for applications that require high GPU power, catering to those who lack the necessary hardware by charging a fee. 🪄Monetizing the Project An attractive aspect of this project is that you can earn by renting out your GPU. However, be cautious not to use your primary GPU for this purpose as it can damage your system. If you're interested in participating, I recommend buying a separate GPU dedicated to this task and assembling it on another system. 🔄Market Condition Analysis Now, let's examine the 4-hour chart. RNDR has created an ascending box and corrected to the 0.382 Fibonacci retracement level. The range of this box is from 11.603 to 9.947. A breakout above this box could signal a continuation of the upward trend, while a breakdown below could push the price down to the 0.5 Fibonacci level, which overlaps with the 9.383 area. 📊Volume Analysis The market volume is gradually decreasing, indicating that traders and whales are hesitant to trade under the current market conditions. As the volume decreases, we get closer to the next market wave. On average, the selling volume is higher than the buying volume, showing a volume divergence. Although the main market trend is bullish, the higher selling volume suggests caution. 📈Long Position Strategy For a long position, the primary trigger is 11.603. After breaking this level, the price could target 13.32. Additionally, the 10.315 level could serve as a secondary trigger for a long position, with an optimistic target of 11.603. I recommend taking profits at a risk-reward ratio of 2 or 3, as the market lacks momentum while it remains between 11.603 and 9.947, which doesn't support higher risk-reward ratios. 📉Short Position Strategy For a short position, the only viable trigger based on my strategy is 9.947. Breaking this level could lead to a new phase of correction. 🚨Important Note This analysis is intended for futures trading. If you've made a spot purchase based on my previous analysis, stick to your stop-loss and don't sell based on the short triggers provided here. These entry points are for the futures market and short-term trades. 📝In summary, while RNDR presents potential opportunities, it's essential to remain cautious and adapt your strategies based on the market conditions and volume trends. If you enjoyed this analysis and want to support me, please boost this post. Feel free to leave a comment or suggest a specific coin for future analysis. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
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by itsparham96
📈EGLD Analysis: The Impact of Ethereum ETF on the Market💥🔍Let's dive into today's analysis. Yesterday, the Ethereum ETF news was confirmed, but since it was already priced in, the market didn't rally. Instead, those who had bought in anticipation of an Ethereum pump started selling. ⚡️ Market Momentum Currently, there is a bearish momentum in the low wave cycle (LWC), which could extend to higher wave cycles (HWC). ⛓ Coin of the Day: EGLD Today's coin is EGLD, and the project behind it is MultiversX, a high-speed, low-fee blockchain utilizing Proof of Stake (POS). To ensure network security, you need to stake EGLD, earning annual rewards based on the transactions you validate. 📆 Chart Analysis Looking at the chart, EGLD has been in a downtrend. However, for several weeks, it has been ranging between 37.42 and 45.31. The chart shows stronger bearish momentum as the price has repeatedly failed to reach the range's upper boundary. 📊 Volume Analysis The volume supports the bearish candles, with sell volumes significantly higher than buy volumes. For opening a long position, I would wait for a reversal in volume trends, indicating that buying volume is entering the market. 📉 Short Position The nearest trigger for a short position, which we are currently reacting to, is 37.42. A break and close below this level would be a suitable trigger for shorting. ✅ Short Target The short target can be set at 31.06. However, a crucial support zone at 36.09, which once caused a false breakdown and a subsequent upward move, might cause a reversal back into the range. This zone is marked in black due to its unreliable nature. 📈 Long Position For a long position, there are three triggers to consider based on your strategy: 1️⃣ 38.76 Trigger : Not for the 4-hour timeframe. For this trigger, switch to lower timeframes like 15 minutes for a scalping position. 2️⃣ 42.62 Trigger : This logical trigger can push the price to the range's upper boundary with a suitable stop-loss in a lower timeframe, offering a good risk-to-reward ratio. 3️⃣ 45.31 Trigger : This is the primary long trigger, marking the range's upper boundary. A confirmed breakout above this level can target 52.25. 🪄 My Strategy Personally, for a short position, I aim to enter at the break of 37.42. For taking profits, I will monitor the market momentum and close the position once the bearish momentum ends. For a long position, I will not open a trade until significant buying volume enters the market. If appropriate volume is observed, I will use the 42.62 and 45.31 triggers to enter long positions. I avoid the 38.76 trigger, as it aligns with a reactive trading strategy that doesn't fit my approach. 📝 Conclusion In conclusion, the recent news about the Ethereum ETF has not provided the anticipated boost to the market, highlighting the importance of technical analysis in making informed trading decisions. For EGLD, the current market conditions suggest caution, especially with the prevailing bearish momentum and volume trends. Traders should closely monitor key levels and volume changes to identify optimal entry and exit points. As always, maintaining a disciplined approach and adhering to your trading strategy will be crucial in navigating the market's movements. If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next. 🧠💼 It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
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