MyTradingJournal6th

MyTradingJournal6th

Key Observations Price Action: Breakout from a downtrend; consolidating at 0.032–0.036 USDT. Support: 0.026 USDT. Resistance: 0.036 USDT, then 0.045–0.050 USDT. Volume Footprint: Positive deltas (+269M, +70M) indicate strong buying pressure. Volume spike near 4.37B signals market readiness for a breakout. Key demand zone: 0.032–0.033 USDT. Indicators: RSI...

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MyTradingJournal6th Updated 

Title: SOL/USDT Breakout Success | Profit Booked at $260 Description: This video covers my recent trade on SOL/USDT, where I capitalized on a strong breakout above key resistance levels. After identifying a clear bullish structure supported by volume and momentum, I entered the trade and booked profit at $260. The price aligns well with the 1.618 Fibonacci...

MyTradingJournal6th

BONK/USDT is currently trading at $0.0334, consolidating within a key zone as it tests the descending trendline resistance. Volume is increasing, signaling growing buyer interest, but confirmation of breakout momentum is still awaited. Market Status: Metric Status Time Frame Check Consolidation Yes Breakout Waiting Momentum ...

MyTradingJournal6th

BONK/USDT is trading at $0.0332, forming a bullish structure after bouncing from the $0.025 support zone. The recent breakout attempt from the descending channel is a positive signal, with potential for further upside if key resistance levels are breached. Key Levels to Watch: Support: $0.030 (near-term), $0.025 (major support) Resistance: $0.035 (trendline...

MyTradingJournal6th

Avalanche (AVAX/USDT) is trading near $38.9, showing bullish signs after a potential breakout from the descending channel. The price is consolidating below $40, a key resistance. A breakout above this level could trigger upside targets of $50. Key Levels: Support: $35, $32 Resistance: $40, $43.2 Indicators: RSI: Neutral at 48, signaling room for upward...

MyTradingJournal6th

Ethereum (ETH/USDT) is trading within a descending triangle, currently near the $3,250 zone, a strong support level. Recent price action has respected this support multiple times, suggesting a possible rebound. A breakout above the descending trendline could push prices toward the target zone of $3,930-$4,000, aligning with Fibonacci extensions and resistance...

MyTradingJournal6th

Focus on Double Top Duration: Historical patterns like the Double Top Formation provide valuable insights into market behavior. Take your time to analyze the duration carefully; the market moves in cycles, and understanding these timelines can give you an edge. In the past, the Double Top Formation (14 April 2021 – 10 November 2021) took approximately 7 months to...