HDFC at Support TodayThis is the support for Angle going UP . IF we break this and the RED UMVD continues may see the lows again. DOWN Trend is intact with ANgle 3 Down at the moment.
Volumeanalysis
Selling is done in GOLD?2258 support held, but 2340 is now offering resistance. We have Buyers pushing the prices up for sure, see the GREEN UMVD started last week. We have gREEN Bars but TrapZOne is still RED>
TSLA Up Trend started ?This up move is different, It started with GREEN UMVD and now Green TrapZone is also showing up. Current bars are Gray so we must wait for GREEN Bars to enter when up momentum resumes. If we break both angles going UP , down trend may resume so keep you Technical Tools handy :)
📈FIL Analysis: Potential Breakout Ahead Amid ETF Speculations✨🔍Let's dive into today's analysis. The market continues to range, with most altcoins still confined within their range boxes, except for Ethereum, which has generated a lot of hype.
📰Today might finally be the day when momentum enters the market, as it's the deadline for the Ethereum ETF news. Regardless of whether it gets approved or not, the market is likely to see some movement.
🧩The coin we will analyze today is FIL (Filecoin). This project provides a cloud storage solution on the blockchain, similar to iCloud, where you can securely store your data. Today, we will focus on trading futures rather than the specifics of the project.
🔄In the 4-hour timeframe, after a significant drop in mid-April, FIL has been ranging, and this range continues. The range box has a ceiling at 6.678 and a floor at 5.332. These two levels are the primary triggers for opening positions. Any trigger between these two levels is unreliable; if you open a position, you should close it quickly.
📈For long positions, in addition to the breakout of 6.678, you can also consider the breakout of 6.316. If this resistance is broken, you can open a swing position. Currently, I do not see any other triggers for a long position. We need to wait for the market to create a new structure for additional triggers.
✅For profit-taking and targets, the first target based on support and resistance on the chart is 7.994. However, along the way, I will take partial profits several times. The only scenario in which I would keep the entire position open until it reaches 7.994 is if the RSI enters the oversold region and does not exit, indicating a sharp market movement.
📉For short positions, the main trigger, as mentioned, is 5.332. For early entry, you can enter a short position after testing 5.955 and breaking it. The second early trigger is 5.545, and breaking this level also allows for opening a short position.
📊Keep in mind, it doesn't matter which trigger is activated. The most important thing in the market is that volume increases in the direction of the trend. If you are opening a long position, the volume of green candles should increase, and the volume of red candles should decrease. The same applies to short positions; selling volume should increase, and buying volume should decrease.
📝In conclusion, today’s market movement could be significant, driven by the Ethereum ETF news. Be prepared for potential volatility and ensure your trading strategy is adaptable to both long and short opportunities in FIL.
🧠💼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.
THETA/USDT Trading ScenarioWe're looking into the scenario of price movement development on THETA.
Right now, the asset is trading below the resistance level at $2.5757. There's a chance it could break through this level if the volume profile supports it. This could show that buyers are getting more interested.
The next significant resistance is at $3.1098. From this level, there might be a correction and testing of the broken level, which will confirm its strength as a new support.
There's a chance that further consolidation under the new level, with a probable move higher, will be seen. This will depend on the preservation of buying pressure and favorable market conditions.
NVDA well on the way to break 1000 Psych Target!GREEN TrapZone is back and UMVD Picked the end of retrace perfectly. We have a bit of steep angle 4 but it just means UNTIL we break it - we have very strong momentum up.
Angle 1 from the recent downtrend is close by, so it will be short term target, as loong as we have Green BARS and GREEN UMVD !
Next support $4.2 & the $3 ?Selling on UMVD, Angle 1 is as low as $3, that will be good R:R entry for long. I don t thing 4.2 will hold is we keep seeing more selling.
📈Ethereum: Awaiting ETF Approval📣🔍Let's dive into today's analysis. Today's focus is on ETH, which recently experienced a 28% pump in anticipation of the potential approval of an Ethereum ETF. As I mentioned in my previous analysis, breaking the $2964 level was crucial, and it provided a strong trigger for opening a position, leading to a 28% gain with a high risk-to-reward ratio.
📰Today, the final decision regarding the ETF is expected to be announced. If approved, Ethereum could see another pump, potentially surpassing the $4063 level and aiming for its all-time high (ATH) around $4600. However, if the ETF is not approved, Ethereum is likely to dump, possibly losing the $2880 support level amid market fear and excitement, which would be bad news for ETH holders. Personally, I believe the ETF is more likely to be approved, leading to another pump in Ethereum's chart.
🔔The announcement is just a few hours away. If you believe the ETF will be approved, I suggest moving to lower timeframes, finding a trigger based on your strategy, and opening a long position. Conversely, if you think the ETF will not be approved, you can apply the same approach for a short position.
📈Ignoring the ETF news and focusing purely on technicals, the RSI is significantly overbought, reaching as high as 89. This indicates high market excitement, and the RSI is now starting to come down but hasn't exited the overbought territory yet. There is a high probability of range-bound movement until the price meets the SMA25, potentially forming a box near $3798. After the SMA25 convergence, we might see renewed momentum. If the price breaks $3798 sooner, it would be even better as the resistance would be broken with more bullish momentum, allowing the price to move up more smoothly and with fewer candles.
🚀For long position targets, consider the $4063 resistance as the first target. If this resistance is surpassed, the next target would be the $4600 ATH.
📉For shorts, as long as the volume of red candles continues to decrease, I wouldn't consider shorting. To short, wait for the SMA25 to reach the candles, and if the bottom of the box breaks with increased selling volume, you could enter a risky short position. Given this would be against the primary market momentum, you should take profits quickly.
💣The main short position to watch for a complete trend reversal would be the break of the $2880 support level.
📝In conclusion, Ethereum is at a critical juncture with the potential ETF approval news imminent. If approved, we could see significant bullish movement towards and beyond $4063, aiming for the ATH around $4600. On the other hand, if not approved, Ethereum might experience a notable drop, potentially losing the $2880 support. From a technical perspective, watch the RSI and SMA25 interactions closely, and plan your trades based on the key levels and volume confirmations mentioned above. Always stay informed and be ready to adjust your strategy based on market developments.
📈Daily Cryptomarket Analysis : DYDX Trading Strategies 🛎🪄🔍Let’s dive into today’s analysis. Yesterday, Bitcoin had another upward movement, reaching as high as 72,000 but failing to stabilize above that range. It is currently resting around the 71,000 mark. Besides Bitcoin, Ethereum also saw significant growth, pumping 18% due to rumors of an Ethereum ETF approval. Several altcoins related to the Ethereum blockchain also saw a surge, including UNI, which I analyzed previously. I’ll include the link to that analysis in the description for those interested.
💵Today, we’ll analyze DYDX, a coin I’ve covered twice before. The first time was for a spot trade, which hit the stop-loss, and the second time was for futures. In that analysis, I mentioned that if DYDX faked a support break and re-entered the box, we could expect an upward movement. I’ll include the link to that analysis in the description as well.
🔄The previous trigger for DYDX was a short-term resistance at 2.075, which was activated yesterday but didn’t generate much momentum. Currently, there is no resistance until 2.302, and DYDX could move towards that level. However, given Bitcoin’s dominance and current consolidation, other altcoins are also likely to rest.
📈The next long trigger for DYDX is at 2.302. However, be aware that the main resistance is at 2.433, and the price might get rejected there. So, if you plan to open a position after breaking 2.302, volume confirmation is crucial. RSI entering the overbought zone increases the probability that the 2.433 resistance will also be broken. In this scenario, you don’t need to scalp and close quickly but can hold your position for higher targets like 2.815.
💣If the market turns bearish again and you want to open a short position, the 2.075 level can be a good trigger, but only if it’s tested multiple times. This helps establish a reliable trigger point. Note that the 2.075 level was a trendline break trigger and now acts as resistance rather than support. Ensure the price tests this level multiple times to confirm it as a short-term support before relying on it.
🧩The main short trigger is at 1.935, but keep in mind that this support has been faked once before. I prefer to wait for another test to establish its precise level.
📝To summarize, Bitcoin and Ethereum have shown significant recent movements, impacting related altcoins like DYDX. While Bitcoin rests, other altcoins may also consolidate. For DYDX, watch the 2.302 level for a potential long entry, but ensure volume confirmation and RSI conditions before holding for higher targets. For short positions, the 2.075 and 1.935 levels are crucial, but multiple tests are needed for reliability. Always approach trades with thorough analysis and be prepared for market fluctuations.
🧠💼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.
📈UNI Market Analysis: Key Levels and Trading Strategies🎲🔍Let’s dive into today’s analysis. The market is currently resting in an uptrend, and the coin we will analyze today is one of the most reputable projects in the DeFi space—Uniswap (UNI). As a decentralized exchange, Uniswap is among the oldest and best platforms, trusted by many whales and widely accepted in the crypto community.
⏰In the 4-hour time frame, Uniswap has been trading within a large range box for over a month with very low volatility. It has recently been rejected from the top of this range and may move towards the bottom. Given the prolonged sideways movement and lack of momentum in the market, indicators and oscillators like RSI or SMA, which rely on momentum, are not reliable at this time. Therefore, we will rely solely on price action and volume to identify potential scenarios.
🧩The upper boundary of the range is at 8.226, and the lower boundary is at 6.768. We need to wait and see which level the price breaks. If the price breaks above 8.226, the market will turn bullish on the 4-hour time frame, with a target of 10.521. For short positions, you can enter if the price breaks below 6.768. It’s important to note that the price rebounding from 0.382 and moving to break 6.768 is not significant because the price has formed a new structure, and there is no momentum to push it further down. Thus, Fibonacci retracement is not applicable here.
🔫However, this does not mean we should not open positions at all, as breaking this strong and significant support could trigger another bearish move. The target for this move would be 5.671. It’s crucial to observe the volume when the box is broken. If the price breaks above the box, the buying volume should increase, and if it breaks below, the selling volume should increase.
📝In summary, Uniswap (UNI) is in a prolonged range with key levels at 8.226 and 6.768. A breakout above 8.226 could lead to a bullish move targeting 10.521, while a breakdown below 6.768 could initiate a bearish move towards 5.671. Monitoring volume is essential to confirm the direction of the breakout. Proper risk management and attention to these key levels will be vital in navigating potential trades.
🧠💼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.
📈 Bitcoin Analysis: Market Decision-Making Point 🧐🔍Bitcoin is at a critical juncture that could signify either the start of a new upward trend or a rejection at resistance levels. As the most popular coin in the market, Bitcoin needs no introduction. Even a single day of activity in the market would make one familiar with Bitcoin and its significance.
🧩Let's dive into the analysis and explore the potential scenarios. We will analyze the 4-hour time frame, focusing on futures trading.
📚Bitcoin is currently within a large range box between $73,300 and $60,976. Recently, there was a false breakout below this range, but buyers regained control, pushing the price back into the box. This indicates strong buying pressure, as sellers failed to maintain lower prices despite initial bearish momentum. Recently, buyers broke through the $64,637 resistance and are now facing a stronger resistance at $66,828.
🎲Despite approaching this resistance, the market shows signs of trend weakness, as indicated by the red candles and decreasing bullish momentum. After reaching the 0.382 Fibonacci retracement level, coinciding with a pullback to $64,637, the price rebounded, yet the green candles lack the volume to sustain a strong bullish trend.
🔫Rejection from $66,828: If the price gets rejected at this level, we could see another pullback to the 0.382 retracement level and potentially a deeper correction to the 0.618 level, a significant Fibonacci retracement level that has previously acted as support.
Curved Ascending Trendline: Although an ascending trendline is present, it’s less reliable due to its formation within a range and having only two touches. Nonetheless, it will be monitored for reactions.
🪄With the current momentum favoring buyers, a breakout above $66,828 would be an entry signal for long positions, aiming for a target of $73,305. However, since we are in a low wave cycle (LWC) with a ranging high wave cycle (HWC), quick profit-taking is advisable. The best-case scenario would be to risk-free positions at a 2:1 or 3:1 risk-reward ratio, hoping the HWC also turns bullish.The primary long trigger is at $73,305. Breaking this level could introduce new bullish momentum and potentially mark the start of a bull run.
📉 If the SMA25 reaches the candles and the price continues to range, a break below $64,637 could be an opportunity for a high-risk short position with quick profit-taking.
The significant short trigger is at $60,976, breaking which could start a new bearish trend, delaying the bull run by several months.
📊Always monitor volume as no trend can sustain with volume divergence. The best and most extended trends are those with increasing volume during trend phases and decreasing volume during corrections.
📝Bitcoin is currently at a crucial decision point. The market's next move will likely define the short-term trend, either confirming bullish momentum with a breakout or indicating a potential reversal. Proper risk management and attention to volume trends are crucial for successful trading. I hope this analysis provides valuable insights for your trading decisions.
🧠💼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.
EURUSD Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
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1-19-2024
GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment.
See higher Time Frame Analysis below
📈Daily Analysis: Exploring JASMY for Profitable Trades🎯🔍Yesterday, Bitcoin formed a strong bullish candle on the daily time frame, highlighting the importance of considering all scenarios to avoid being caught off guard by market movements. One of our scenarios suggested that a false breakdown of support could lead to an upward move. This indeed happened, with Bitcoin not only rising but also breaking through the $64,400 resistance and currently consolidating.Today, we will analyze JASMY, a coin that could offer good trading opportunities in futures markets. Let's identify potential entry points for profitable trades.
⚡️JASMY is currently in an uptrend on the daily time frame, making it suitable for long positions. However, the momentum has shifted as the SMA99 has caught up with the candles, indicating the possibility of short positions since the bullish momentum has waned, allowing for potential downward movements.
✅Support and Resistance: The price is consolidating between the 0 and 0.236 Fibonacci levels, with a support zone between 0.236 and 0.382 that has held despite significant selling pressure. A descending trend line was faked out once and has now stabilized above it, yet it hasn't triggered a decisive move.
📈The key trigger for confirming the continuation of the uptrend is at 0.021070, the previous high that led to a lower low. A candle closing above this level would suggest buyers are regaining control, making it a reliable entry point for long positions.
Main Trigger: The ultimate trigger for a long position is at 0.024527. However, this level may break with a large candle, leaving little room for a logical stop-loss. Thus, trading at the 0.021070 level is preferable.
📊For a more robust confirmation, look for increasing volume in green candles. Without this, the upward trend may show weakness. Additionally, an RSI stabilization above 56.47 would confirm the re-entry of bullish momentum into the market.
📉The trigger for shorting JASMY is at 0.017195. However, given the overall bullish structure and better shorting opportunities in other coins with more pronounced downtrends, shorting JASMY is not highly recommended.
📝In summary, JASMY presents a potential for long positions, given its current uptrend in the daily time frame. The critical trigger level to watch is 0.021070, with further confirmation needed through increased trading volume and RSI stability above 56.47. While short positions are possible, the coin's overall bullish trend suggests focusing on long positions or finding other assets with stronger bearish trends for short trades. Stay vigilant and manage your risks appropriately to capitalize on the market movements effectively.
🧠💼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.
📈ETH: Identifying Key Entry Points in Futures Trading👑🔍Today is a crucial day for altcoins, as they have reached significant support levels. The market exhibits clear signs of buyer weakness, with selling volumes substantially outpacing buying volumes. Given these conditions, short positions are more favorable. The focus of today's analysis is Ethereum (ETH), the leading asset in the DeFi space that continues to attract a large number of enthusiasts. Let's examine potential entry points for ETH in futures trading.
🔄In the last analysis, I provided two triggers for positions—one long and one short. Both positions achieved their targets if closed early as advised, resulting in profitable trades. If you entered these positions, please share your experiences in the comments; it’s gratifying to see you profit from the provided triggers. If you missed these triggers, don't worry—there are always opportunities in the market. Pay close attention to the triggers I provide to avoid missing future movements and to secure profits.
📉The chart clearly shows a downtrend for ETH, with a descending triangle pattern indicating a potential move lower. The trigger for this triangle is the support at $2,880. If a candle closes below this level, we can expect the price to move down to the $2,614 area, providing a suitable target. Confirmation of this downward momentum can be reinforced by the RSI breaking below its support at 36.59. This would allow us to confidently maintain our short positions. The volume of the candles is also crucial, as increasing selling volume could lead to a sharper decline. Thus, this trigger offers a solid short position opportunity.
📈Despite the strong selling pressure, we should always prepare for multiple scenarios and avoid being surprised by market movements. Like a general with multiple battle plans, traders should anticipate various outcomes. Although I see a higher probability of a decline, I still consider potential long triggers. Given the strong downtrend and weak buyer momentum, I would enter a long position only if a candle stabilizes above $2,964. However, the risk for this position would be half of the usual, and I would close it quickly. A more reliable long trigger would be $3,283, which becomes logical if the SMA99 moves below the candles, removing a significant dynamic resistance.
📝In conclusion, Ethereum's current market conditions favor short positions due to a clear downtrend and significant selling pressure. The primary short trigger at $2,880 and target of $2,614 offer a promising setup. However, always prepare for alternative scenarios. For potential upward movements, consider long positions with a candle close above $2,964, but manage these positions with reduced risk and quick exits. The more robust long trigger at $3,283 could provide a safer entry as market dynamics change. Stay vigilant, manage your risks, and adapt to market movements to capitalize on trading opportunities.
🧠💼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.
BTC update of simple analysis: Double top.BTC is bearish but freezed as if it's in an accumulation state. If it keeps bouncing up, bullish scenario should appear to make few volume corrections left behind.
High volume candle needs to be corrected.
Volumes. Why every trader should be able to work with them.The third “stream” of incoming real data, which simply cannot be ignored when analyzing a chart, is volumes. I’ll try to explain why the third stream, what are the first two.
On any chart of a trading instrument there are two scales, price and time. These are two real and independent incoming data streams.
All Technical Analysis studies them inside and out.
Price behavior is studied in the form of graphic figures, support/resistance levels, candlestick analysis and patterns, trend lines and channels, the movement of waves of price movement, using indicators, Renko charts, tic-tac-toe, etc. and so on.
The time scale is divided into seasonality, quarters, trading sessions, sessions for hours before and after lunch, and simply into hours and minutes of possible manipulations (in ICT smartmoney, for example, Kill zones, macros).
I would call volumes the third stream of data, the “3rd scale on the chart.”
This is an independent and independent flow of data about the turnover of money, or more precisely, contracts traded at a certain time and at a certain price.
All indicators and volume analysis tools do not depend on price and time in the direct sense. They work with their data coming from the exchange.
A clear example... Any oscillator, for example, depends on the price, is calculated using a formula based on the price value, and produces a certain “averaged” option.” The cumulative delta curve is constructed based on data on the number of contracts traded from the exchange, and does not depend in any way on the price value; it has its own data.
Volumes also include not only analysis using various indicators and clusters. And the ability to work with COT reports, open interest and other data from CME. This is also data on contracts traded by different groups of participants.
And understanding how options work, all markets are closely related and influence each other. There are many complex risk hedging designs. Nobody wants to lose money.
And I think ignoring this data flow and not being able to work with it is, at the very least, stupid.
And simply, isn’t it interesting to look inside a candle or figure to see what’s really going on there? The price is in a “triangle or sideways”, accumulation/distribution is taking place, but is anything really happening there? Are you waiting for a rollback to imbalance (FVG), but is there this imbalance there? Are you waiting for a reaction to a level, “liquidity withdrawal”, order block, but is there something or someone inside the reaction or not?
By the way, I don’t know the fourth data stream, if you know, please let me know. I'll be happy to study it.
I hope the information will be useful. Don't forget to like, subscribe, share with friends, leave comments. All you have to do is click a button, and I love seeing feedback. Thank you.
TONUSDT Trading ScenarioLet's have a look at how the price of TON is moving.
Right now, the price is testing the resistance level it hit at $7.637. The first rise in the price came from the volume POC level at $2.117, which led to a rise of more than 270%. After that, the price corrected by 40%.
There might be a deeper decline in this move. This could be a good time to buy the asset. During the decline, we can use the 200-day moving average as a reference point to start forming a position.
$7.44 & the $11 for AMC Quick levels & Angles show future possible targets.
Be careful its still a meme stock :)
📈Strategic Insights on DYDX Movements🔔🔍Yesterday, Bitcoin was rejected at the 63,200 resistance level and remains within its trading box, potentially heading towards the bottom. As Bitcoin dominance continues to rise, altcoins have suffered more, with many breaking through their support levels and continuing to decline. One such altcoin is DYDX, a DeFi token that allows users to open long or short futures positions with leverage in a decentralized environment. This appeals to those concerned about the security of their assets and who do not trust centralized exchanges.
⏳Previously, I provided a spot market analysis for DYDX. Since then, the stop-loss has been triggered, and the trade ended in a loss. However, as emphasized repeatedly, proper risk management should minimize your losses. At worst, you should only be down 0.5-1% of your capital, which should be manageable given the risk coverage from other recommendations (such as TON). With this in mind, let's analyze DYDX in the 4-hour timeframe and identify trading triggers for futures positions.
📉The chart clearly shows a downtrend, suggesting that short positions are more favorable. The trigger for a short position was at 1.951, which has now been activated. The price is likely to move towards the target of 1.794. Based on this, you can either enter a short position with the current candle or drop down to a 15-minute timeframe to find a more precise short trigger.
⚡️If you have an existing short position from higher levels, it is recommended to hold it until you observe a reversal candle or signs of trend weakness. The initial target is 1.794, but considering the move from the 0.382 Fibonacci retracement, the price could potentially reach the 1 Fibonacci extension level at 1.529, which coincides with a significant support level.
📊Given the downtrend and increasing volume in red candles, along with the RSI losing support at 31.71, we could see a sharp bearish move in the coming hours. However, the market is unpredictable, and the trend could reverse, pushing the price back into the box. If this happens, it indicates strong buying pressure and could drive the price higher.
📈If the downtrend is invalidated and the price stabilizes above 2.032, it may be a signal to enter a long position, as this would indicate a fakeout of the bearish move and introduce bullish momentum. A more reliable long trigger would be at 2.433. Until the downtrend changes, any long positions should be taken with lower risk and closed quickly to lock in profits.
📝In summary, DYDX presents a clear short opportunity given the current downtrend and bearish indicators. The target for the short position is 1.794, with a potential extension to 1.529. If the market reverses and stabilizes above 2.032, a cautious long position may be warranted, with a more secure trigger at 2.433. Proper risk management and monitoring of market conditions are essential for successful trading in these volatile 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
Will Bitcoin support Hold ?The 59500 area has been tested multiple times. I believe we may go back higher from here, but what a coincidence - Its FED Day today !! however, until we get back above the angle 3, I would not play longs here. Please note TrapZone is Red with Red Bars below it, so keep an eye on the UMVD. Can you see a LAREGE CHANNEL ???
📈IOTA Analysis: Short and Long Opportunities in Focus💥🔍Following Bitcoin's recent uptick last night, the concurrent increase in Bitcoin dominance prevented most altcoins from experiencing significant price gains. Instead, many coins traded within a range, with some even witnessing a decrease in value, such as IOTA, which we'll analyze today.
📚While I haven't conducted an in-depth study on the IOTA project yet, it generally operates as a protocol for feeless and permissionless data transfer, actively functioning in this domain. I'll provide more insights into this project once I've conducted thorough research. For now, let's delve into the chart to identify potential entry points.
📈On the 4-hour timeframe, which serves as my primary analysis timeframe for futures, the downward trend is evident, indicating a bearish trajectory. Therefore, with a suitable trigger, we can consider opening short positions. However, initiating long positions on short-term shorts requires higher risk tolerance due to the market's direction.
✨Currently, we are within a support range from 0.2020 to 0.2086, and the price is consolidating within this range to determine whether buyers can maintain this support or if selling pressure will overwhelm them, causing the support to fail. Hence, we need to observe the upcoming developments. If the support breaks, we can expect a target of 0.1719, but if it holds, it may act as a bounce back to the SMA99.
📉For short positions, exert effort to open positions upon the breakdown of 0.2020 and the confirmation of a candle below this level, as this scenario could easily drive the price to 0.1719, offering a favorable risk-to-reward ratio. However, if you're considering long positions, patience is required until the price surpasses the SMA99, followed by identifying a trigger from the candles. The nearest trigger is at 0.2328, but as we're against the trend, consider securing profits at a risk-to-reward ratio of 2 or 3 and leaving some room for a target of 0.2599.
📊Currently, the candle volumes do not provide sufficient data due to recent holidays, with low volumes followed by a sudden increase. Therefore, we need to wait for a few more candles to compare volumes effectively. RSI triggers for long positions cannot be specified due to the timeframe limitation, as price movement towards the range high can significantly alter the RSI structure, rendering the triggers meaningless. However, for short positions, you can consider the breakdown of 27.22 as confirmation.
📝In conclusion, the analysis of IOTA presents both short and long trading opportunities, contingent upon market dynamics and price movements. While the current downtrend suggests potential short positions, traders should exercise caution and wait for confirmatory triggers, particularly a breakdown below the support range of 0.2020 to 0.2086. Conversely, for long positions, patience is advised until the price surpasses the SMA99, followed by identifying suitable triggers. It's essential to maintain a disciplined approach, considering risk management strategies and closely monitoring candle volumes for a comprehensive assessment of market sentiment. As always, adaptability and readiness to adjust trading strategies in response to evolving market conditions remain paramount for successful trading endeavors.
🧠💼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
NASDAQ Nasdaq made laste week big move we have now market shift i see price moving into last fair value gap in 15 MIN And i should look for short toward buy stop
Gold resh demande zones on 1H time framewe see now correction in 4h that means price may gone down to the 4H imbalance
