C98 USDT Short 👑Hello TradingView community 🚀 and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
Today I want to talk to you about the C98 chart.
At the moment price break the structure.
Then, I think C98 breaks continue to move down to my goal.
My target is located at charts level.
I expect this scenario.
This is my opinion, I really hope it will be useful for you.
C98USDT.PS trade ideas
C98USDT| BREAKOUT AHEADC98USDThas been trading in bearish trend which is well respected by falling wedge . Recently the price has been trading near the upper wedge.
The price broken above broken the falling wedge and price successfully sustain above it then long positions can be taken. The bulls need to break above horizontal resistance zone .
Trade your levels accordingly.
C98USDT Huge Falling WedgeThe price is creating a big falling wedge on the daily timeframe.
At the moment the price is testing the upper trendline as resistance
How to approach it?
IF the price is going to have a breakout and create a clear Higher High, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
C98USDT is creating a falling wedgeThe price is creating a falling wedge on the daily timeframe and now the market is testing the daily support at 0.34$ area, it's a key level.
How to approach it?
The price needs to create a clear breakout from it and retest the resistance as new support, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
C98 Small Bull Run Following BTCHello, I am Tommy.
If this is your first time coming to my idea, thank you very much for taking the time to pay attention to it. My opinions are all subjective and personal. It might be right, or wrong, but there is one thing I can guarantee you will never go wrong - always set the SL for each entry before setting the TP for it.
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Current Situation:
- Tokenomics: docs.coin98.com
- Current Marketcap: $74M
- Launchpad on Binance
C98 has entered the monthly private token payment cycle (last month). However, according to Smart Money tracking on Nansen, after the first month of private token release, most of the private tokens belong to whale wallets and have deep connection with the Founder team.
Founders come from Vietnam and are building a pretty quality product ecosystem. Price has just create a 2022-low, however I expect a small bull run for BTC after the release of PPI and CPI data this month. Therefore, C98 will also have a small bull run according to BTC. After creating 2022-low there was a pretty good buying force right after, creating a V-shape, showing a high probability that this is a pull-up / accumulation area at short-term bottom.
Spot Trading is recommended for Target X5 -> X10
C98 - Buying SignalBYBIT:C98USDT
4H time frame
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C98 did a inverse head and shoulders here and already broke out the downtrend line.
We can see price has tried to retest the trend line to test the support zone.
Both mean good bullish signal here, so we can open long with following strategy.
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Entry: 0.363
TP: 0.3735, 0.38
SL: 0.356