Range
SHIBA the major support and the last chance 📖💡Hello every one
the last chance for shibusdt
Based on the chart
the price is close to the major support and better to say the previous zone that started its amazing pumping to the upside ✔️
and
we expect to see gain and pump from here, besides the range market is acceptable scenario too 📖💡🚀
and
if we lose this area, we will see more correction to the downside ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
✅GBP_AUD SELLING OPPORTUNITY|SHORT🔥
✅GBP_AUD will be retesting a resistance level soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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Can this scenario repeat?Last time, the price moved slowly up after getting support from the SMA-200.
After that, the Sell Pressure Increased in the supply zone and the price dropped fast.
After a reversal in the demand zone, it gained support from the SMA-200 again.
Now we have to wait and see what the price reaction is after approaching the supply zone.
Joe Gun2Head Trade - Selling a retest of the broken rangeTrade Idea: Selling a retest of the broken range
Reasoning: Break down on yesterdays PMI number. Lower prices expected.
Entry Level: 1.2072
Take Profit Level: 1.1707
Stop Loss: 1.2118
Risk/Reward: 7.89:1
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Consolidations leading to less volatilityWhen trading there is a few things that I like to look for
this criteria has many names online yet when coming from me I like to explain this is these sayings inefficient, efficient movements. Efficient movements being what we have here highlighted in purple.
The movement pattern that we see here is one of consolidation or contracting volatility. When volatility in a trading pair drops we can see a tighter ranges appears vs when we see and expanding volatility and inefficient markets.
When we have markets that witness Efficient movements these are usually markets that can break to the upside if they continue to see these small price range moves.
Inefficient markets are the opposite of what we have above characterized as markets where the range is expanded and usually to the downside as volatility increases.
Efficient and Inefficient markets patterns can be found as fractals found within each market notated by the white line. Knowing where these states exists within the market is important for market timing as a trade closer to the mid line would see a very bad trade placed.
Knowing the difference between when a market is efficient and inefficient can be key in bettering your trading style allowing for better entry and exit points as you can see where the market likes to sell off where volatility gets to low and where it is being bought from where volatility is to high.
Efficient and Inefficient market patters
FIND THE RANGE & GET EARLY ON THE TRENDThis particular breakdown I'll use Kroger to show how profitable you can become by getting in on "Range Position Plays".
When prices create a lot of two sided trading for an extended period of time like Kroger did from Feb-May.
Traders should start to identify when the range is beginning to weaken.
Kroger traded in a range for 3 months before finally breaking down from its range. If you simply played the breakdown of the range, you could have taken a 3 day decline on Kroger. Puts would have paid nicely. A simple entry below 53 and you could have rode Kroger down to 47. A nice 6 point drop for an asset such as Kroger.
If you decided to trade the 3 month range Kroger was in, then you would have entered this trade for a short around April 11-12th.
As price broke below $60, Kroger then entered back inside of its range. Once that happened. You then would identify your support areas and play the downside accordingly.
Kroger printed 3 bear legs down from 60 all the the way to 47. It took roughly a month for Kroger to move 13 points, but if you were on the right side of it. That 13 points would have been major.
There was a chance to grab anything from 58 puts to 47 puts and they all would have worked out.
If purely speaking on retracements, then you could have expected Kroger to potentially Pullback to around 50 after it broke its range. The 50 level is considered a 50% retracement and a GAP also was there as well. Price actually sliced through on its 3rd Bear Leg and retraced over 75% back to the 47 level.
There were 3 different swing entries on KROGER: Below 60. Below 57.50 & below 53.
In the end, it was a beautiful short position to get in on. From 60 to 47.
Learn to spot two-sided trading A.K.A Range Trading. Once that range breaks, a trend may then form afterwards. This is one of the best ways to "Get Early" on a Downtrend.
ALICE/USDT : Failed to hold the breakout!BINANCE:ALICEUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$ALICE has a breakout on $2.96's resistance and holds above the broken line and it causes the line to change from resistance into the S/R line.
But It didn't take much time and got rejected below it.
Now based on our data, The failed breakout attempt has low volume and it comes with a bearish setup opportunity!
There're four factors to look for :
- Fake pump with low volume
- Back to the range
- Invalidation above recent high
- Target to range's low
I'm going to locate my Short into the S/R zone with an invalidation above $3.36 ( Active management ), With two major targets;
- Range's Low at $2.09
- Possible Local low at $1.06
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
BITCOIN- More bears in the way?Hello everyone
In the past couple of days we had the LUNA incident and the federal reserve news pulling the legs of the market,creating more fear in the market.
For BTCUSDT, we have a rectangle pattern (Range),which at first had some good amount of shadows, in the first bars but now we can see more bars with strong bear bodies.The news and the fear in the market might be taking over, there for I believe with a right amount of price accumulation, we might see lower prices for this asset.
For now,support levels of 26000$ and 28250$ are in the way, with high possibility of breakout of this channel to the lower one and resistance levels are 32000$ and 34000$.Lets hope this channel last enough to call it a last flag.
TSLAAs stated in my previous TSLA post if we close below 696 on any given week we're going to be going lower on it and the inverse h&s play is likely invalid.
696 is a very important level and if it gets sliced it's going to :
680
650
support lvls below
Really need a bounce at 696 or 680 to keep a range in tact otherwise there's more sell to come on it! I'd really like to see a break above 730 on Tsla for continued upside otherwise I'm convinced we're going lower soon. I'll be waiting to purchase towards 650 and lower for my next set of shares for the long term portfolio.
Bitcoin 4H range. My thoughtsBitcoin has been consolidating inside of a range since the beginning of 2022. This range is showing obvious signs of a distribution phase (manipulated highs/higher highs).
Right now it seems like there are equal lows at around 37k ready to be wiped for liquidity. There is also a daily supply zone at 46-48k which I think price is very likely to tap for one more higher high before topping out and moving lower. Now whether 37k gets manipulated first or 46-48k I have no clue tbh but it makes more sense for it to move up to the daily supply before going down to tap the lows at 36k and later 30k. So if I had to choose, money is on 46-48k first then 37k. Now do with that information as you will, and as always, gl traders!
NOT FINANCIAL ADVICE!
EURUSD trying to breakout againEURUSD keeps trading inside of a range and it reminds us of December, 2021 when we saw price trading sideways in a 100 pips move.
After yesterday's moves, now we expect a breakout. It's still more likely to see a downside continuation but this is not the main pair that we trade.
The important level right now is 1,0577 but we should also keep our stops above 1,0640.
A breakout of 1,0480 would confirm the idea of a downside continuation.
EURO-HORIZ trading range.last bearflag?Hello everyone
As we see New York markets struggle in the past couple of days,many down fall of prices in the different markets are noticeable,however in EURUSD we can't see that much change.
Now the price is in a horizontal trading range with long shadowed bars ,after a trend line break, late in a bear market;I don't know about you but this screams final bear flag to me.In situations of such,I expect to see a reasonable down trend in lower time frames after a retest of a moving average ( 20 maybe) and a lower low major trend reversal which can create good reasonable buy setup for swing trades.
For now. the price might stay in trading range for the rest of this week ( good for scalpers) so our support level of 1.05$ will stay unbroken until next week and the price will stay in this channel.
EURUSD: The Range Trap 🐻The more I study this chart the more I see the potential for buys to liquidate sell-side liquidity.
Using logic, it would seem that buy-side liquidity has already been swept and any trapped sellers that got caught on the breakout have been given an opportunity to close out of negative positions to join the correct side of the market (Hopefully Buys)
With this theory, we could assume that this fresh demand will be the zone to give buyers strength to push for that sell-side liquidity.
If the price respects this demand throughout London, I will consider buying into the weak supply, updates to follow.
Give this post a thumbs up if you like my breakdown! 🔥
EURUSD remains without any changes The range on EURUSD continues and we're still expecting a downside continuation.
Today we have news for the USD and that could cause a breakout of that sideways move.
Stops must be above 1,0641 and in case price breaks out of 1,0484 then we would look for 1,0400 and 1,0350 next.
SELLS ON EURUSDEURUSD is the most traded currency pair but also a quite difficult one to trade.
It's like that because it usually stays in a range for a long time without presenting any trading opportunities.
We're still looking to sell and our best shot would be in case of price rejecting 1,0600.
Stops are still above 1,0642 and our target at 1,0400.