AUDIOUSDT trade ideas
AUDIO(AUDIO/USDT): Buying Opportunity From Support^↪️Did you witness the significant drop in AUDIO's value? The market was experiencing a drastic decline.
At the moment, the coin is currently testing the horizontal support cluster of 0.1970, and I anticipate a potential local recovery from this point.
However, if the price establishes a new lower low, then the setup will no longer be valid...Trade safely 👍✅️
AUDIOUSDTtrade idea on audiousdt, taking entry after price takes out inducement targeting the previous swing high for take profit and the swing low of the structure below the inducement for stoloss
it missed entry earlier but no change in market structure yet so it should hold
AUDIO ANALYSIS (1D TF)The AUDIO icon is inside a large diametric. It seems that we are now in the middle of the F wave. It is expected to complete the diametric F wave.
By maintaining the green area, it can move towards two TPs. Touching the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
AUDIO Broke resistanceAUDIO UPDATE: AUDIO formed falling wedge on 4hrs TF and broke out from the falling wedge but was facing 4hrs resistance after the break of the falling wedge…. AUDIO was consolidating under 4hrs resistance all through yesterday but was able to flip resistance to support on 4hrs TF today…. Waiting for retest of 1hr TF bullish OB below for a good long runup
Follow for more market update
Going Long on AudioTraders,
I was stopped out of three trades today but all of them had nice little profits. I'll take that going long in a bear market. Let's continue our win streak.
I've added Audio as a long play to at least that 100-day ma around 16.75 cents. SL is 14 cents for an r/r of up to 2.7.
Technicals here show a break of our long-standing bullish descending triangle. We have now retested the top side of our triangle and can expect further upside. Because we are still in a bear market, I am playing these alt plays rather safe. Base hits not home runs.
Not fin advice. DYOR.
Best,
Stew
AUDIO/USDT Psychology. Accumulation. Distribution. Local fractalOne of many such cryptocurrencies whose price makes a huge profit from early accumulation. If you want to earn from a distance—buy and accumulate positions before the "promising crowd hype" or when working on similar instruments skillfully limit your potential losses.
Coin Market: Audius AUDIO
It's worth noting that a local fractal (the smart ones sell to the stupid ones) is forming in the distribution zone, which could potentially work (repeat). To sell it is necessary to make an "interest to earn" (to attract the less clever "traders"), in other words, waves to the growth of +500% on the secondary trends to attract attention. It is possible to make money on this, but with the condition of limiting potential losses. On such coins and at such values, it is rational to use stops, even at the "bottom" of the channel, if the price falls there.
It's worth noting that you shouldn't trade marginally (including shorting) on such coins with such liquidity and price. The liquidity allows you to manipulate both ways making margin calls.
Locally, this potential reversal zone looks as follows (the marker shows the direction of price movement) .
Coin as an example. There are many of these. As a rule, people notice such coins when investors need to get rid of them rather than buy them.
Greed and people's cloned mental behavior do the trick. New market entrants buy, old market entrants sell and then buy at a higher price (typical hamster behavior) or wait for even higher profits.
Since people sometimes write to me asking me to consider such hamster coins when HYIP (the news "diarrhea" phase for selling promising coins) is going on, I decided to consider.
Again, make money on this by "trading local price movements". One must work as a trader and not buy because of news background, promising super profits in distribution and expecting "cosmic targets". You need to limit your losses from the start and not be greedy.
Coin as an example. The name of the crypto coin and the legend from the creators doesn't matter much. It's all the same and created for the same thing (earning from speculation).
Always when trading an old/new instrument, you need to understand where the accumulation is, where the distribution is. And also, where the price is in the main trend.
Audio Getting Ready For Massive Breakout In downtrend from years now looking good for recovery after long time
formed descending broadening wedge in 3 days tf and approaching towards multi year trendline
trendline has been tested lots of time now seems weaker trendline and im expecting breakout soon
incase of successful breakout expecting 3 to 4x bullish rally in midterm
Audius / AUDIO & TIKTOK 🎵The price of Audius is $0.36 today with a 24hour trading volume of 100 million dollars. This represents a 20% price increase in the last 24 hours and a 80% price increase in the past 30 days
Audius is a decentralized music streaming protocol. Artists can upload their music to the network which will be streamed by nodes to listeners through a mobile app. AUDIO is the native token for the platform and is used for staking, governance, and incentivized earnings for artists, fans, and node operators. The Audius project recently announced a partnership with Tik Tok in which musics on the platform will be available to users on one of the largest social network in the world.With the integration, users new to Audius can simply create accounts by linking their TikTok profile. From there, listeners can automatically import their handle, information and carry over their TikTok verification status to Audius.
next targets are 0.39, 0.45 and 0.49$