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mqasim

LAYER price has been driven purely by the market makers. It will come crashing down when they start harvesting profits exactly like USUAL, COW, MOVE, TRUMP and other similar projects. Timeframe: 4-hour Analysis: The chart shows the formation of a potential bearish ABCD pattern. The price has retraced to the 0.618 Fibonacci level (point B), suggesting a...

mqasim

Here is a short trade set-up for DEXEUSDT. Entry: 20.85 SL: 23.35 TP1: 12.50 TP2: 7.50 Given the significant price movements, be prepared for potential volatility. Implement a stop-loss order to mitigate potential losses. For long positions, a stop-loss below the identified support level is advisable. For short positions, a stop-loss above the recent high can...

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RSI (Relative Strength Index): The RSI is at 72, suggesting overbought conditions in the short term. However, in strong uptrends, RSI can remain overbought for an extended period. Volume Analysis: Volume is relatively high, indicating strong market interest and momentum in the current move. There is no significant volume divergence, meaning the uptrend might...

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It is just a piece of techical analysis...