TSM: Entry, Volume, Target, StopEntry: above 175.45
Volume: above average
Target: 197.89 area (this is an area, no guarantees, you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 175.46, 167.96 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Longsetup
VELO - Waiting for the PERFECT RetestI’m giving it another shot. I’m confident the last setup was solid, but I got a bit greedy with my entry. If the price doesn’t dip further from here or before Tuesday/Wednesday, I’ll abandon the idea since there’s significant strength in this one.
I’m aiming for a retest at that crucial level for a better entry. I’ll have to wait and see if the market offers this opportunity or if it moves on without me once again. $VELO
Gold 1H Analysis: Bullish Reversal at Key Support ZoneGold has found solid support at a critical price level on the 1H timeframe. This support coincides with the lower boundary of the FIB cloud, which often acts as a dynamic support zone in trending markets. The recent price action indicates a potential reversal from this level, suggesting an opportunity for a long position as buyers step in.
Technical Setup:
• Support Zone: The price has reacted positively at the lower edge of the FIBcloud indicating a possible bottoming pattern in the short term.
• Candlestick Formation: A bullish engulfing pattern has formed at the support area, reflecting increased buying interest and potential upward momentum.
• Trend Analysis: The broader trend remains bullish, and the current pullback to the support zone provides a low-risk entry for continuation higher.
Trade Idea:
Entry: Initiate a long position at the current price level around the support zone. This entry point is supported by strong technical confluences, enhancing the probability of a successful trade.
Target:
• Primary Target: Aim for the previous resistance level around 2,623, where the price is likely to encounter the first significant barrier.
• Secondary Target: A further target can be set higher around 2,626, aligning with a major resistance level or a previous high.
• Stop Loss: Place the stop loss just below the identified support area and the recent low around 2,610. This placement minimizes risk and prevents premature exit if there is slight volatility.
Fundamental Justification:
• Gold’s recent retracement is largely driven by a short-term profit-taking scenario, despite a favorable macro backdrop for safe-haven assets. Continued concerns over global economic uncertainties and potential dovish signals from central banks are likely to support further upside.
• Upcoming data releases and geopolitical developments should be closely monitored, as any significant shift could accelerate the movement towards the upper targets.
Risk Management & Trade Adjustments:
• If the price decisively breaks below the current support zone, exit the trade and look for new setups. This would invalidate the current bullish outlook and signal a potential shift in market dynamics.
• Consider trailing the stop loss as the price moves in favor, securing profits while allowing for further upside movement.
Conclusion:
This long position on Gold capitalizes on a well-established support level and bullish market structure. With a favorable risk-to-reward ratio and supportive technical indicators, this trade offers an attractive setup for those looking to capture the next leg higher in Gold’s price action. Remain vigilant for any fundamental changes that could impact the trade.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
ACGL: Entry, Volume, Target, Stop (LONG & SHORT Ideas)LONG IDEA: (shown on chart)
Entry: greater than 114.65
Volume: greater than 1.125M
Target: 129.34 area (this is an area, no guarantees, you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 114.66, 109.77 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
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SHORT IDEA: (not shown on chart)
Entry: lower than 108.77
Volume: greater than 1.308M
Target: 104.50 area
Stop: Depending on your risk tolerance; My stop would be no higher than 111.87 (the high on 9/11), but absolutely no higher than the previous high of 114.65.
This SHORT swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
FET long setup if you missed the first oneWe see a resing wedge that broke below. The target from that is little above 0.5 fib. There is also a orderblock. If you missen the previous fet entry i posted. You may get a second chance. FET is strong and the target will be 2$ or even little above.
Please feel free to share your opinion in the comments. Thanks.
Happy trading. Cheers!
UNFI/USDT LONG TRADE SETUP!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
UNFI looks good here. It broke out from the cup and handle pattern in a 4-hour and did a successful retest. Long some here and add more in the dip.
Entry range:- $2.72-$2.76
Targets:- $2.86/$3.02/$3.13/$3.3
SL:- $2.63
Lev:- 5x-10x
IOTX ANALYSIS📊 #IOTX Analysis
✅There is a formation of Descending Channel Pattern in 3d chart with a breakout🧐
Pattern signals potential bullish movement incoming after the confirmation of breakout and a small retest📉
👀Current Price: $0.04400
🚀 Target Price: $0.08060
⚡️What to do ?
👀Keep an eye on #IOTX price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#IOTX #Cryptocurrency #TechnicalAnalysis #DYOR
IDEAFORGE TECHNOLOGY LONG TERM VIEWIDEAFORGE TECHNOLOGY LTD is forming a Double Bottom Pattern and a channel pattern within the double bottom formation as well.
Entry is given at 712
Stop Loss is given at 556
Targets are as follows:
Target 1-886
Target 2-1056
Target 3-1260
Target 4-1345
(These targets will be achieved within 2 years from the date of entry)
NOTE:- This view is purely based on Technical Analysis and is for educational purposes only.
Please consult your Financial Advisor Before taking any trade.
$SEI breakout confirmed! Time to go long!SEI/USDT Long Setup:
SEI/USDT has broken out of a symmetrical triangle pattern, which is generally considered a bullish signal.
CMP: $0.3285, with a retest zone at $0.3191.
Entry: Around current price or retest zone.
Targets:
T1: $0.3500
T2: $0.4000
T3: $0.4500
T4: $0.5000
T5: $0.5500
Stop Loss: $0.3 (below wedge support).
Leverage: 5x-10x (use caution).
Risk: Manage position size based on tolerance.
ETH 2317 Long. The coin came to the upper levelEntry Level: Monitor ETH at the current level of 2306.52. Add it to your watchlist and look for a familiar trading pattern or entry signal.
Targets:
1st Target: 2396
2nd Target: 2565
Leverage: Use a leverage range of 20-50X for this trade.
Stop Short: This suggests having a plan for exiting the position, especially if the price action doesn't move as expected.
Make sure to manage risk carefully, especially with high leverage, and adjust your stop-loss according to your risk tolerance. Happy trading, and keep an eye on the market movements!
BANKNIFTYHi guys,
In this chart i Found a Demand Zone in BANKNIFTY CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Long SUI/USDT D1 (x3-x5 potential)Long SUI/USDT. TF D1. Right ticker + right timing.
x3-x5 probably.
Entry - current price level
Target - $2 (x4)
Stop - below PoC level (0.43) with confirmation on D1.
Will start with FA and benchmark analysis of other L1-project (Aptos) which is quite similar:
1/ Decent L1-project with strong backing and recently listed on top-tier CEXs. So, not a lot of locked-in traders/hodlers.
2/ Around 250ml of investments from top-tier VCs (both SUI and APTOS).
3/ APT/USDT made around x5 in January, 2023 right after 4-month post-ICO bleeding period. (According to PA, it was rather possible to take x4 on APT/USDT within 1 month):
4/ SUI is currently at the end of this bleeding.
TA:
1/ Buying volume appeared (green encircled zone) + rising PA.
2/ MA squeeze (EMA 21 and EMA 55)
3/ trending RSI
4/ Price is consolidating above PoC and EMA21 and preparing to make a strong move upwards.
CHAINLINK long setup / Bulls or Bears, Tell me in CommentsBINANCE:LINKUSDT
COINBASE:LINKUSD
Hello Traders
💥Long position on LINK
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
10.62
10.72
10.85
10.94
11.08
11.20
🔴SL:
9.99
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
Do you like to see some magic!? / (MAGIC long setup)BINANCE:MAGICUSDT
COINBASE:MAGICUSD ]
Hello Traders
💥Long position on MAGIC
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.3587
0.3683
0.3789
0.3915
🔴SL:
0.32
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.