SUPERUSDT trade ideas
Super/Usdt#Super price movement appears favorable as it has been engaged in a range-bound pattern for approximately 56 days. An optimal entry strategy involves waiting for a successful breakout from this range, confirmed by a daily or 4-hour candle closing above the range. It is essential to incorporate to use of stop-loss.
SUPERUSDT(SuperVerse) Daily tf Range Updated till 27-01-24SUPERUSDT(SuperVerse) Daily timeframe range. many alts retraced back from their recent gains. but this one still holding strong. its close to try again at 0.7169. breaking it clean can open a easy way till 0.9277 if the current retail interest keeps up.
Super pumpingSuper is pumping on a teaser, this token has consolidated after two massive pumps. The project is slated to have a large announcement on the 30th. I still expect this thing to be axie 2.0 at some point when BTC is boring. 73 cents is on the horizon, and possibly 87 cents if it really runs.
Super breakout continues Super broke out on contraction as expected, this token did have a fakeout on the 4 hour. Do remember longer term time frames are always better, this is why leverage is dangerous. I expect the token to hit both of my dashed green targets this year. I have been covering this token since the first major momentum swing and those who got in when I did are up 4.6x in just a few weeks. Stay safe out there, I have held super since ICO and used this to majorly average down and find myself way in profit.
Super update after washoutThis is why trading higher timeframes is better than short. The 4 hour chart was looking very bearish a few days ago then we broke to the upside. I expect my dashed target soon on this high momentum token. A nice dip into demand for that strong candle we saw. We are seeing volume expansion here, and RSI is touching the moving average on a strong reversal, 73 cents anyone?
Super contraction into volatilitySuper is contracting on price action pretty heavily here, the token is sipping from daily demand. RSI is starting to coil downward. Volume has taken a major breather here. I expect the bigger BTC correction soon, we might have another leg up before that. Super will do one of two things.
1. The token will pull an axie like I had hoped and go full launch despite BTC price action. The ecosystem is set to drop massive news next month and the token is up over 5x in a few weeks.
2. BTC will take a large dump on all of us and TOTAL3 will die like I predicted taking super down with it. There will be a few tokens that fall less or continue to consolidate during this time, Super just might be one of them but who knows.
Regardless, I am net bullish on the token, my long entry is the dotted green so I am sitting pretty either way. Stay safe.
SUPER target 0.92h time frame
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SUPER just broke out and retested the falling wedge, next step for strong pumping momentum is go above 0.66 which is the high while broke out wedge. Also, SUPER got support at 0.618 Fibonacci Retracement that is a good sign for next pump. Therefore, we can set a trading plan here and targets as below.
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TP: 0.9
SL: 0.485
Super looking to reverseSuper dipped heavily into daily demand on a reset of price action, volume, rsi. I expect another uptrend here soon as gaming likes to pump when BTC resets which has happened. I still theorize that super pulls an axie 2.0 and pumps beyond reason during boring BTC markets this coming year. My entry is still marked with the dotten green I am very long here and still have stacked bags from pre-release.
Super rejected at stated resistanceSuper has wicked to this resistance level 3 times in the past few days. This historic price level is one of the bigger areas of resistance . A cool off was definitely needed as the token dips into a range of support. Consolidation is needed if we dont want to realize a blow off top. I am still net long, especially since my most recent addition was many multiples ago marked by the dotten green line. I added a demand for a bounce/consolidation zone.
super taking another shot at 2021 resistanceSuper is looking to be taking another shot at the 2021 resistance which was heavily rejected previously. This was likely a leverage washout and some older bag holders capitulating. This is some of the heaviest resistance the token has until the 60ish cent range. RSI is in a clear macro uptrend, with a volume reset which was needed for a cool off. I am still net long here with spot I added heavily around 16 cents and a little nibble on this washout. I think we might see the push this weekend since the overall markets were very bullish all week. I added a local demand for context per usual. Stay safe.