Trade Analysis: Long #DOGSUSDT
Overview
BINANCE:DOGSUSDT.P is currently showing promising signs of upward movement, supported by increasing buyer volumes and favorable order flow. With its low correlation to Bitcoin, it stands as an active instrument in the current market.
Setup Details
Entry Point: $0.0007765
Stop Loss: $0.0007172
Take Profits:
TP1: $0.0008245
TP2: $0.0008795
TP3: $0.0009573
Technical Background
A cascade of liquidity levels above the current price will serve as fuel for a bullish breakout.
A false breakout from the channel reflects seller weakness, confirming a bullish bias.
Execution Strategy
Anticipate a price squeeze toward the level, followed by local consolidation on lower timeframes (e.g., 5-minute). Enter on breakout confirmation and place a stop-loss behind the range to minimize risk.
Key Takeaways
This trade is set up for a short-term breakout, with risk parameters clearly defined. Always ensure proper risk management before entering any position.
Volume
EUR/USD - Resistance with Fair Volume Gap On EUR/USD , it's nice to see a strong sell-off from the price of 1.05320. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Support from the past and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
Weekly Crypto Facts: What to expect next?Hello traders and investors!
Last week saw several interesting developments in crypto assets that may influence the situation in the coming days.
BTC : The breakout impulse from the range on the weekly timeframe continues. This marks the fourth weekly consecutive bullish candle, with declining volume (!) compared to the previous three. This could indicate a lack of interest from both buyers and sellers at these price levels. We might see a consolidation period. A similar situation occurred recently on the daily timeframe, where consolidation lasted for six days before a new buying impulse formed (see the post from November 15). Note that the key candle for the breakout is now from November 11.
DOT : The price formed a buyer's impulse on the weekly timeframe, surpassing 6.611 (the starting level of the last seller's impulse on the weekly chart). The volume and spread of the weekly candle are impressive. It’s possible that the price may rise further without a correction. If there is a pullback to 7.775–8 and the buyer resumes, it could present a buying opportunity.
OP : The price broke out above the range’s upper boundary on the weekly timeframe (1.989). The weekly candle’s volume and spread are impressive. On the daily chart, the price has been consolidating above 1.989 for three days. We are watching for the price’s reaction to 1.989—whether the buyer will defend the breakout from the range. The key candle of the last buying impulse on the daily chart from November 21 crosses 1.989. If the seller pushes the price back into the range and defends this return (at 1.989), it could be an opportunity to look for short positions.
SOL : The price updated its all-time high at 259.9. The weekly candle’s volume is declining, which may indicate a lack of interest from both buyers and sellers at these levels. A consolidation period could be ahead. We will assess the seller's reaction by the end of this week.
TON : Factors have emerged favoring the realization of the buyer’s vector within the range on the weekly timeframe, with a target of 7.260.
Good luck with your trading and investments!
Interesting facts of the week: What to expect next?Hello traders and investors!
The past week brought several interesting events that may impact the situation's development in the coming days.
The U.S. Dollar Index has reached the upper boundary of its range on the weekly timeframe at 106.952. There might be an attempt to reverse the long trend, with the idea of executing the seller’s vector within the range on the weekly timeframe (potential targets are 99.807 and 99.099).
The Euro against the Dollar has reached the lower boundary of its range on the weekly timeframe at 1.04485. There might be an attempt to reverse the short trend, with the idea of executing the buyer’s vector within the range on the weekly timeframe (potential targets are 1.12142 and 1.12757).
Gold , after bouncing off the 50% level (2538.5) of the last monthly buyer’s impulse, has broken through 2710.52, which was the beginning of the last seller’s impulse on the daily timeframe. On the weekly timeframe, there was a manipulation (false breakout) of the level where the last buyer’s impulse started (2604.39), and the weekly bar is impressive with its spread. On the one hand, there is an opportunity to look for buys, but on the other hand, a seller may appear just above in the 2721–2759 range. Let’s see who will win the battle for the 2710.52 level.
SPX500 . The buyer is defending the breakout from the range on the daily timeframe. The buyer has absorbed the seller’s attack bar from November 15 (which had high volume) on the upper boundary of the range at 5891.6. As a result, a buyer’s zone has formed on the upper boundary of the range (upper edge of the zone is 5975.6). Additionally, the price dipped below the 50% level of the last buyer’s impulse on the daily timeframe. You can look for buying opportunities if the buyer reactivates from this zone.
Good luck with your trading and investments!
ETHUSD buy (Trend, Session and Momentum)Trend:
The intention was pretty clear that buyers are stepping in.
When i saw the PA in the evening (NY session) sellers didn't step-in and no lower low was made. Going into Asia was similar the momentum is also for buyers. Took a buy into Tokyo Session (even though i know i was too early, but i am confident that sellers are nowhere to be found coz of the PA yesterday).
London session:
My thinking of this session is if we pull up in this session NY would be the same.
Momentum:
Sellers are being aped up by the buyers, if you look into the candles every time the price is jacked up sellers momentum is very weak.
Note:
Sorry for my english, it's not my first language. If you're a pinoy come follow me, i'll post my journey here.
MATICUSD showing strengthHello,
Today we look at MATIC.
- MATIC is still in strong support zone, not yet broken out.
- It is also battling 21 weekly EMA. If it manages to cross up, it is a very bullish sign.
- It is in a bullish divergence (RSI making higher low while price makes a lower low).
- Volume has increased in the last weeks, showing potential that bottom is in.
- RSI got up above 43 and tested it as support. RSI cross above 43 has always showed to be bullish.
Resistance levels:
- 0,75 USD
- 1 USD
- 1,3 USD
Remember to take profits along the way. Do not be too greedy. Success is a series of small(er) wins, not one major win.
Make sure to check my other posts, all are still valid.
XLM has already made x2 since my post, DOT is up 50%...
Not a financial advise. Do your own research.
Good luck!
shiba usdt is involved with weekly resistance....shiba is touching the weekly resistance but now is involving with .
we will wait about a day now on , if closed up side the 0.00002824 strongly , except to see 0.00003000 and 0.00003200 and finally 0.00003363 yet ...
for supports we have 0.00002559 and 0.00002435
Good luck
USD/CAD continues the downtrendOn USD/CAD , it's nice to see a strong sell-off from the price of 1.40170 and 1.40440. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Downtrend and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
EURCHF looking weak. re-distribution?Taking a trade when it reaches the POC (where there was the most volume).
TP et the low of the last big low.
Invalidation if it takes out the last high.
A potential 5.0 Risk to Reward setup
I think this is a big re-distribution and we are continuing to the downtrend
Here is a closer view at the entry potential:
We can see that I call it a fake bounce because it went down violently, but is struggling to go back up:
Filling the gap and returning to the main path.After the rapid movement of the price from 2708 and going down and breaking the level of 2605, the price made a correction in the direction of filling the gap of the market towards the level of 2653 by reaching the range of 2545 and it is expected that after the gap is filled and the distance between the market and the collision With the trend line and reaching the range of 2676-2655, the expectation is to return to its downward path.
Don't miss thisAfter the entry point that I gave, you can see how much profit it gave, I hope you didn't miss😉it
Short position:📉
I'm not talking about shorts, our trend is rising, all I can say is that below the support of 0.1939, you can open a short position, but I wouldn't open it myself.
For long position:📈
As you can see in the picture, when our volume decreases, it can show us that we will once again reach the ceiling of 0.2459.
The trend line of the one-hour time frame has had 3 collisions, it gets weaker with each collision, that's why we can break it
Early entry is more risky
We can take the broken 0.2098
Teaching tips:🤓
Teaching tips=More likely to be broken
Decrease in volume=Test the ceiling again
If you want me to analyze a coin, tell me in the comment🫡
⚠️ Do capital management to survive ⚠️
GREATEC - FROM BEARISH TO BULLISH ?GREATEC - CURRENT PRICE : RM2.37
After reach the bottom with a bullish HAMMER CANDLESTICK on 16 OCT 2024, the stock broke out of its downtrend in mid October and is building on a trend reversal, suggesting a bullish bias may be emerging.
Based on chart pattern analysis, we can see that there is a DOUBLE BOTTOM pattern. The downward movement from 12 July 2024 have potential of forming V BOTTOM pattern.
Today 06 Nov 2024, the share price make a new 2 month high to closed at RM2.37, supported by strong trading volume. This bullish momentum may propel the share price to move upside in the upcoming session.
Target Price : RM2.52 and RM2.70
Support : RM2.26 (half candle of today session)
Notes : Market reacts positively to Trump’s 'Victory' in Presidential Race. Bursa Malaysia Technology Index made a 6.18% gain on a single day. We hope this positive market sentiment will continue to push technology stocks to upward. Lets hope for the best.
TAYOR - TRADE AT YOUR OWN RISK.
XAGUSD. Trading opportunityHello traders and investors!
On the hourly timeframe, it's a long trend. In the last impulse, the key bar is in the middle at the 50% level of the impulse (!).
Locally, you can look for buying opportunities from the buyer’s defense of the 31.272–31.2 range. It’s better to set close targets, like the local high, or trail the trade. The buyer may be able to reach 32.16.
On the daily timeframe, the seller's vector 9-10 within the range is still relevant.
Good luck with your trading and investments!
BTC 18.11.24#BTC - I’m expecting a pullback to test the EMA 20. BTC has had an incredible push, with a nearly 40% pump in under a month, so a pullback would be healthy after such a move. For now, I’m staying patient and waiting to see how the price reacts to the EMA 20.
Lower volume and a bearish MACD cross are also forming. I don’t think this will matter much for the overall trend, but it does suggest a higher chance of retesting the EMA 20
MCL Short 11/18/2024MCL is in a downtrend in 4hr chart. Placed a short position in SZ that coincides with 4hr 21EMA (purple line). Taking half risk in this confluence SZ because zone is close by daily DZ (blue box), daily and 4hr trend don't match (no macro match) and the SZ is low volume. Target= 1:1 and 3:1. I'm already in the trade.
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2
Stop loss can be Trail when it make new box / Swing.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.