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Resistance_level

#ARCUSDT - Monitor this asset closely📈 LONG BYBIT:ARCUSDT.P from $0.25588 🛡 Stop Loss: $0.24176 ⏱️ 1H Timeframe ✅ Overview: ➡️ BYBIT:ARCUSDT.P has broken out of a Falling Wedge pattern and is following an upward trend. ➡️ The POC (Point of Control) at $0.24041 confirms liquidity in this zone, potentially acting as strong support. ➡️ The key resistance is at $0.25588; if the price holds above this level, it may lead to further gains. ➡️ Increased volume signals strong buyer activity and a high probability of continuation. ⚡️ Plan: ➡️ Important: Set an order in advance to ensure execution when the price reaches the entry level! ➡️ Enter long above $0.25588. ➡️ Stop-Loss placed at $0.24176 for risk management. 🎯 TP Targets: 💎 TP1: $0.26618 🔥 TP2: $0.27640 ⚡️ TP3: $0.28670 🚀 BYBIT:ARCUSDT.P - Monitor this asset closely! 🚀 Place your order in the listing so that it executes automatically when the breakout occurs.
Long
by MoriartyTrading
BNX Breakdown: The Next Trade SetupBNX has recently been testing a key resistance zone around the $1 level. After hitting the 0.618 Fibonacci retracement at $1.10, the market shifted into a downtrend. Let's analyse where our next trade opportunity might arise. Market Structure & Confluence Zones $1 to $1.1: BNX encountered robust resistance between $1 and $1.1, where the 0.618 Fib retracement aligns perfectly with the fib speed fan (0.618-0.65). Additionally, the anchored VWAP taken from the high at $1.1 aligns beautifully with the $1 mark, adding another robust layer of resistance. This convergence reinforces the strength of this zone and signals potential continuation of the downtrend. Recent price action shows that BNX has repeatedly bounced off the 0.618/0.666 levels during small downward corrections. Moving Averages on the 1-Hour Chart: The 21 EMA/SMA on the 1-hour timeframe is clustering between $0.97 and $1, providing additional confirmation of the resistance and offering an ideal entry region for short trades. Primary Short Trade Setup Given the multiple confluences around the resistance zone, our main focus is a short trade with a well-defined laddering strategy: Entry Strategy (Laddering): Initiate short positions with staggered entries between $0.97 and $1.019. This dollar-cost averaging (DCA) approach allows for flexibility and optimises your entry as price tests the resistance zone. Stop Loss (SL): Place your stop loss around $1.0375, just above the Point of Control (POC) or the previous high in this range to effectively manage risk. Target: Aim for a profit target at $0.8. This target is supported by multiple technical indicators. Risk/Reward Ratio: With these levels, you are looking at an approximate risk/reward ratio of 4:1 or better, depending on your specific DCA weighting. Confirmation: As always, await confirmation through order flow analysis and the appearance of rejection candles at key levels before entering the trade.
Short
by SiDec
3
#SPELLUSDT continuation of the downtrend📉 SHORT BYBIT:SPELLUSDT.P from $0.0009866 🛡 Stop Loss: $0.0010430 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:SPELLUSDT.P remains in a downtrend, forming lower highs and lower lows. The price failed to hold above $0.0010000, signaling weak buying momentum. ➡️ POC at $0.0010250 suggests that major volume accumulation is above the current price, reinforcing the bearish outlook. ➡️ If the price stays below $0.0009866, a continuation towards $0.0009485 and $0.0008901 is expected. ➡️ Volume remains moderate, indicating declining demand and a likely continuation of the downtrend. ⚡ Plan: 📉 Bearish Scenario: ➡️ Enter SHORT from $0.0009866 if price confirms rejection at resistance. ➡️ Risk management with Stop-Loss at $0.0010430, above key resistance. 🎯 TP Targets: 💎 TP1: $0.0009485 — first profit-taking level. 🔥 TP2: $0.0008901 — major support zone. 🚀 BYBIT:SPELLUSDT.P Expecting a continuation of the downtrend! 📢 BYBIT:SPELLUSDT.P remains under selling pressure. If the price holds below $0.0009866, further downside movement towards $0.0009485 and then $0.0008901 is expected. 📢 However, if the price reclaims $0.0010430, the bearish scenario could be invalidated, leading to a potential upward correction.
Short
by MoriartyTrading
Crude Oil Outlook: Key Levels Shape the Path AheadHello Traders, Trust you are doing great. Please take some moment to go through my analysis of USOIL and share your thoughts. Overview USOIL is currently trading at 70.08, with mixed trends across timeframes. On the H4 chart, the pair remains bullish, recovering from a recent correction. Meanwhile, the H1 chart shows a bearish trend in a corrective phase, with resistance emerging in the 70.19–70.90 region. Idea An impulsive rally from 67.045 on December 5th corrected to the 0.5 Fibonacci retracement level at 68.78 on December 13th, where support was established. This led to a bounce toward 70.19-70.21, which now acts as resistance. If this resistance holds, a downward move is expected, targeting 67.70 and 67.08, areas where a bullish bounce may likely occur. The short-term bias remains bearish unless price breaches the Friday high of 71.38, which would shift focus to the 71.66–72.21 zone as a potential turning point. Conclusion In the short term, the bearish outlook is dominant, with 71.38 as the key invalidation level and a stop-loss reference. A break below 69.65 would add confidence to the bearish scenario, while any move above 71.38 could signal further upside, targeting the 71.66–72.21 zone for a potential reversal. Cheers! Merry Christmas and Happy New Year in advance.
TVC:USOILShort
by Samuel124
USDCAD Bulls Eye 1.4140 Amid Momentum ShiftHello Traders, Take a moment to read my outlook on USDCAD, and share your thoughts Overview USDCAD is currently trading at 1.40623, showing bullish trends on both the H4 and H1 timeframes. However, the bullish momentum on the H4 appears to be weakening, suggesting the uptrend may be nearing a potential reversal zone. Market sentiment remains bullish, supported by increased volatility, but momentum on the H1 timeframe has noticeably decreased, signaling reduced upward strength. Idea The pair is expected to continue its rise toward the 1.4140 price region, a key resistance level with the potential to halt further upward movement and trigger a bearish reversal. Price action is currently rejecting off the H1 order block, which could act as a short-term support level. I will monitor the 1.39797 level closely, as a break below this support would invalidate the bullish outlook, signaling a potential shift in market structure. Conversely, a sustained move above the 1.4140 resistance would indicate renewed bullish momentum and the possibility of further gains. Conclusion This outlook suggests further upside potential toward 1.4140 which is about 80pips move. However, a clear break below 1.39797 would invalidate this idea, and could provide opportunities for short positions. Cheers and happy trading!
Long
by Samuel124
1
GBP/USD Analysis: Key Levels in Focus Amid Mixed TrendsHello Traders, Trust you are great. Below is my perspective on the probable direction of GBPUSD in the coming days. Overview On the H4 timeframe, GBP/USD remains in a bullish trend. However, on the H1 chart, the pair is consolidating within a bearish structure. Key resistance levels are observed at 1.27219 and 1.27026, with the recent high at 1.27496 marking a critical threshold for further upside movement. Idea There is potential for a short-term rise in price, but the advance is likely to remain capped below 1.27496. The overall expectation is for the pair to break below the trendline after this upward movement. A confirmed close beneath the trendline could lead to a decline toward the 1.25400 price region, where strong support might trigger a bounce. Additionally, earlier unusual volatility caused a sharp downward spike, but this has since eased, and momentum has weakened significantly. Conclusion While a downward move appears probable, a break above the Friday high of 1.27496 would invalidate this bearish outlook and signal a continuation of the bullish trend. Do let me have you thoughts. Cheers and happy trading!
Short
by Samuel124
2
AUD/NZD: Potential Short Opportunity: False Resistance BreakoutThe AUD/NZD pair is currently exhibiting signs of a false breakout at the resistance level of 1.1145, subsequently forming a rejection Pinbar, which indicates that sellers may be regaining control in the short term. What is a False Breakout? A false breakout occurs when the price briefly exceeds a key support or resistance level, only to swiftly reverse and return to the opposite side. In this instance, the price momentarily broke above the 1.1145 resistance, yet the insufficient buying pressure led to an immediate rejection. This behaviour suggests that sellers were poised above this level, ready to enter the market. False breakouts can often result from market manipulation, where institutions and major players seek to trigger stop-loss orders from traders positioned near support and resistance levels. By instigating an initial breakout, they create liquidity for large contrarian positions. Reversal Signal A false breakout, particularly when accompanied by candlestick formations like the Pinbar, often indicates a potential trend reversal. In this case, the failed breakout signifies that buyers who attempted to sustain the move upwards were unsuccessful. Current Scenario : Has the False Breakout Been Confirmed? The 1.1145 level represents the highest price since 2022, establishing it as a significant resistance zone. The initial breakout above this level was swiftly followed by a strong rejection, illustrated by the long wick at the top of the Pinbar candlestick. This pattern underscores the weakness among buyers and suggests renewed strength among sellers. Possible Short Opportunity If the price breaks below 1.1090, we may expect a more substantial downward movement over the following days. First Target: 1.0880 This target corresponds to a notable support zone, aligning with previous lows and the projection of the rising trend line established since February. Final Target: 1.0780 This represents a significant area, marking an important horizontal support level observed over recent months. Stop Loss: A suitable stop loss could be placed above the Pinbar high at around 1.1180 to protect against an unexpected reversal. Alternative Scenario: Resistance Broken The recent sequence of green candles with elongated bodies and minimal upper shadows suggests a potential alternative scenario, wherein there may be sufficient buying pressure to breach the resistance level in the coming days. A buying opportunity could materialise if the price breaks above 1.1200. Next Targets: In the event of a breakout, the first target could be around 1.1300, with a final target at 1.1450, where the AUD/NZD would encounter significant resistance on the weekly chart. The AUD/NZD pair is at a critical technical juncture at 1.1100, indicating a potential false breakout of resistance. It is essential to monitor price action closely in the upcoming sessions. A sustained downward movement, particularly a break below 1.1090, would reinforce the selling pressure, while a breakout above 1.1200 could signal a continuation of the upward trend towards 1.1450. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
2
$GME Potential Movement (11/11/24)Hey Traders, NYSE:GME is back on the radar, showing its classic meme-stock momentum! On the 1-hour chart, we’re watching a solid structure here: there’s a break of structure at $25.02 that’s been tested twice today but has held as strong resistance so far. Our key support zone sits at $24.53 (previous higher high and BOS), with another potential test point nearby at $24.64. If we break through that $25 resistance on the 1-day chart, we could see a push toward the gap fill at $25.56. Stay disciplined and remember to secure those gains! David Diz-Plin Trading
NYSE:GME
by DizPlin
1