Sol has come to an HTF point of interest, which is a weekly level lining up with the 0.78 Fibonacci retracement level and VAL of the range. It is also looking good on LTF. changing the structure on the 4h chart and bouncing off of the retest of the weekly level. opened a long position with a 5 percent invalidation and tp 1 around 33 dollars. I hope to turn this...
Monthly Level, golden pocket fib level, and Poc of the range. I took a long position with around 5.5 percent stop loss. risking only 0.5 R for this trade because BTC might drop and drag other coins with it. my first tp would be around 5 dollars. I usually take 50 percent off of the position.
two possible scenarios I'm looking for GMT at the moment. first of all, GMT is on very strong support on HTF ( VAL, Weekly Level, 0.78 fibs). but the resistance 0.7 area is holding the price down and the price is making higher lows which could be a heads-up for break out. if you are a gambler you can take a long now and put your stop at the 0.63 lows. if you...
complimentary setup to the previous idea on ADABTC
Just take a look at this chart and tell me what you see. MS is bearish on the daily time frame as 1580_1610 is support turned into resistance. I can imagine the price push a bit higher to fill the daily FVG at 1654 and then come back to restest the 1250 area. if it reclaims 1700 then I would cut all my shorts.
DYX just took the high of September 2002 and it looks like an SFP. this level is lining up with the 0.78 fib level. I am not saying that it will immediately reverse now and goes down but there is the possibility and we should look at that. I don't actually short DYX right now because of the fundamentals and positive data that comes out of the American market but...
FTM has come to the HTF point of interest for me where I look for a potential higher low on the daily time frame. although I expected lower prices, the 4h chart is changing the market structure from bearish to bullish so I started to DCA into a spot position on this coin, looking for a potential 40 to 50 percent gain. if the lows at 0.22 cents are breached my idea...
Atom has been in this very well-respected rising channel for quite a while now. this level is also a high volume nod. so I decided to long it here with around 8.5 percent stop loss. and targeting the high of the channel. risking 85 dollars for 240 dollars.
Well, it seems that VAH of the big range is holding and in 4h time frame, CHZBTC is forming a Bull flag. if this play out the next level of resistance would be the 0.78 retracement fib level which is in the confluence of the April 2021 High. from there one could look for an SFP of the high and trade this pair back towards the VAH of the Range. if it gets accepted...
we have a nice little range going on here, it would be logical to long the bottom of the range with the confluence of monthly level and 0.5 fibs retracement. targeting the mid-range of the channel that has been respected very well. buy looking at this idea, if ADABTC were to drop 8 to 10 percent it would mean that ADAUSDT could take the lows at 0.4 dollars which...
as I previously posted SRM is in a good shape and ready to take off, but for now, if you looking into long this token with leverage, here are two possible setups that I would place bids on for long positions if given. first entry at 0.38 fibo level for micro range given in chart and second entry at mid-range with invalidation below 0.61 fibo level.
Dydx just broke out of a double bottom pattern and also broke the trend line on the 1h timeframe, wait for a pullback at the neckline, and enter long. the potential target is the previous ATH but it might go to price discovery after that so the upside is not limited.
SRM definitely is my favorite coin, love the ecosystem and the team behind it. It has successfully retraced to 0.61 Fibo level from its last rally and bounced. It also broke the trend line on the 1h timeframe. unfortunately, I missed the buying opportunity around the recent lows, so I will wait for a small pullback and I will add more to my bags and will look for...
price is in a descending channel, rejected at top of the channel and the 150 resistance. will open a small short position if 145 level doesn't hold. first target at 130, and ultimate target 120. very risky trade as sol is a very strong coin and I personally hold a bunch of it on spot.
BTC is inside of a falling wedge, I would be monitoring the price action during the coming days to see how it will react to the demand zone at 40k and 38k. I have already put some bids on spot in these areas hope to get filled. I wouldn't long with leverage at the current price levels and wait to see how the low range reacts and if we get a bounce that's where I...
price got rejected at the top of broadening wedge, the daily candle close was obviously a bearish retest of the S/R in my opinion, so I opened a small short position just for a scalp, tp 1 around 2880 and potential target lower range of the wedge. if the wedge break upside I would exit my short.