petermichalides

petermichalides

SHIB/USDT is currently trading around $0.00001363, marking an approximately 11.5% drop over the past 24 hours. However, it's crucial to note that the price is successfully holding above the key support level of $0.00001373. Recently, we've witnessed a significant increase in the activity of so-called "large holders" or "whales" concerning SHIB/USDT. Their netflow...

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DOGE has broken out of local consolidation with momentum and is now retesting the breakout zone, offering a clean long entry with defined invalidation. Setup Thesis: After a strong impulse move, price pulled back with low aggression, signaling profit-taking rather than reversal. The current candle structure suggests demand is stepping in at prior...

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POPCAT is currently consolidating in an unusually tight daily range, with candles compressing into a low-volatility coil. When structure becomes this tight, it often signals that market makers are engineering stop hunts—setting the stage for a larger move. Thesis: The current range is likely to break with a local liquidity sweep to the downside, followed by a...

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AVAX has formed a clean double-bottom pattern on the weekly chart, signalling potential reversal after an extended downtrend. Price is now holding above support and showing signs of early bullish structure, with a higher low forming and compression tightening. Setup Thesis: A breakout from this base structure could trigger a mid-term rally toward the $29–30 zone,...

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This is my second Setup I am currently in - apart from going to 6h orderblock we will hold the LTF range and continue higher breaking new highs and starting price discovery. Combined this with Bullish News could bring amazing BTC Run, followed by Altcoin Season in Mid August/September. If you look into Bitcoin Balance and the way this token is being bought and...

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We have an bullish OB with imbalance on Daily, 6 HOUR REFIMNET with some stoplosses underneath 107 200. If we do not hold local LTF -15M- 1H range I would be favoring this setup. Otherwise I am already in position and already took two TPs. Setup Thesis: If price tags the demand zone (highlighted in pink) and holds, we could see a continuation toward recent...

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Executed an ETH short from the earlier setup — took 75% profit at TP1, then let the rest run. Price pulled back into the secondary zone, added to the position with structure confirmation. Let it roll into the next leg — clean execution, solid momentum follow-through. +113.84% on the full move, managed with scale-out and conviction on the retest. Patience paid....

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Market Context: Bitcoin has reclaimed significant ground after a corrective phase and is now approaching prior highs. The current move suggests strength and potential continuation — but with overhead resistance near 111,866, a retracement or consolidation before continuation is likely. Setup Idea: The chart illustrates a bullish continuation scenario: price may...

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Market Context: Solana has pulled back into a key short-term demand zone after a sharp rejection from recent highs. Price action is now showing signs of local exhaustion, with confluence from lower timeframe support and bullish structure attempting to form. The setup anticipates a bounce targeting the mid-Fibonacci zone. Setup Idea: Price tapped into a local...

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Market Context: Bitcoin is currently in a retracement phase after rejecting from the local high near 111,900. Despite the short-term pullback, the broader structure remains bullish. This setup is based on a retracement into a key support zone, offering a potential entry for the next leg up. Setup Idea: Price is pulling back into a confluence area that...

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Context: Price just rejected off local range high near $148 — a key resistance that has held several times historically. We’re seeing initial signs of weakness after a strong rally, with price failing to hold above resistance and beginning to break minor structure. Setup Details: Entry: ~$146.20 Stop Loss: ~$148.35 (above recent high) Target: ~$141.00 (range...

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The small range forming just under local resistance is weak and showing signs of exhaustion. Despite a possible red dot printing soon, volume is not confirming a strong bearish divergence, so don’t assume a major drop is guaranteed just yet. The “Uneven Butcheeks” pattern visually highlights imbalance A fakeout back into the range, or A flush to grab liquidity...

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📉 BTC/USDT SHORT TRADE SETUP – WEEKLY TIMEFRAME 🔍 Trade Idea Overview: We are seeing a bearish divergence between price and volume on the weekly chart — while price makes higher highs, volume is decreasing, signaling a potential reversal or weakening trend. Further confluence is seen with the VMC Cipher indicator. If a red dot prints, it will confirm the short...

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MOODENG is sitting at a critical decision point — but this small range might not be enough to hold. The small consolidation above demand is weak, with low conviction from buyers, and it looks more like distribution than accumulation. Any relief from here is likely to be short-lived unless proven otherwise. Scenario A would require a strong reclaim and impulse...

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BTC/USDT Scalp Setup – 4H Chart Entered a scalp position with TP1 aligned at the Fibonacci extension near 105,652. The first take-profit has been secured, and the remainder of the position is being left to ride — no emotional attachment. If invalidated, the trade will be abandoned without hesitation. Technical Overview: Price broke out of the local downtrend...

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GRASS is setting up for a major reversal from this falling wedge structure. After a prolonged downtrend, price has now reached the apex of a well-defined descending wedge, supported by a key ascending trendline. This area is shaping up as a high-probability buy zone. On the chart, we can see price respecting both wedge boundaries and now reacting to the lower...

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Initiated a short position on EUR/CAD from a key resistance zone after a significant upward move showing signs of exhaustion. 🔻 Entry: ~1.5689 🔻 Stop Loss: 1.6100 (Approx. 3.10%) 🎯 Take Profit: 1.3390 (Approx. 14.67%) ⚖️ Risk/Reward Ratio: 4.73 Price is reacting to a weekly supply zone with multiple confluences, including weakening bullish momentum on the VMC...