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.
Shortsetup
BNX Update: Where Is BNX Heading Next?UPDATE:
Price didn’t quite reach the 0.618 fib retracement level we initially eyed for a short entry, it got very close and then faced rejection off the pitchfork upper resistance trend line. This rejection triggered a sharp 13% drop down to a low of $0.8278. After a brief bounce, I'm still waiting for price to drop further toward the support zone at $0.8–$0.78. So far, the trade is unfolding as planned.
In addition, price has lost the VAL and daily support level, both now acting as resistance. The daily support sits at $0.8939, with VAL just below at $0.8846. This zone has already been tested and rejected, making it a great shorting opportunity.
Looking ahead, if bulls manage to push the price up to around $0.91, testing the previous low that broke and aligns with the 0.618 fib retracement of that drop, we’d have an ideal low-risk, high-reward short opportunity.
Short Trade Ladder Strategy:
Entry Range: Create a laddered short entry from the VAL at $0.8846 up to the 0.618 fib retracement at $0.9126
Stop Loss (SL): Place SL above the daily Open
Target: Aim for a target in the support zone at $0.8–$0.78
Risk/Reward Ratio: This setup offers a risk/reward ratio of around 3:1
Stay tuned for confirmation signals as the price approaches these levels, and be ready to adjust if the market dynamics shift. Till next time! Happy trading and stay sharp =)
GBPAUD - Bearish Reversal Pattern + SetupHello traders,
GBPAUD has been in an uptrend since last week. But now it is showing bearishness with the break of the demand zone.
Add to this the RSI divergence which makes this trade a higher probability setup.
My entry, sl and tp are as marked on the chart.
#OMUSDT – Critical Breakout Zone📊 BYBIT:OMUSDT.P is consolidating after a strong impulse move, trading near POC ($7.5915), indicating liquidity accumulation. The price is currently trapped in a tight range, suggesting an imminent breakout in either direction.
Recent high volumes indicate strong participation from major players. The question remains—will buyers push the price higher, or will sellers take control and drive it down?
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:OMUSDT.P remains in a tight consolidation zone between resistance $7.8215 and support $7.3820.
➡️ POC ($7.5915) marks the high-volume area, making this range critical for the next move.
➡️ Price action within this zone may continue until a confirmed breakout occurs.
━━━━━━━━━━━━━━━━━━
⚡ Long Plan:
➡️ Enter long above $7.8215 after a strong breakout and confirmation.
➡️ Stop-Loss at $7.7480—below the consolidation range.
🎯 TP Target:
💎 TP1: $7.9435
━━━━━━━━━━━━━━━━━━
📉 Short Plan:
➡️ Enter short below $7.3820 after confirming weakness.
➡️ Stop-Loss at $7.4740—above the nearest resistance.
🎯 TP Targets:
💎 TP1: $7.2595
💎 TP2: $7.1592
📢 If the price confirms a breakout above $7.8215, an upside move to $7.9435 is likely.
📢 Conversely, a breakdown below $7.3820 could lead to $7.1592.
🚀 BYBIT:OMUSDT.P is poised for a breakout—watch volume and direction closely!
USDCAD Bearish scenarioWe can clearly see the consolidation on weekly chart.
Past 2 weeks we realy show selling presure.
That for me is confirmation that we will go down more.
The play is long term 1-2 yeras but can't beas easy as that.
So, trade safe!
TradeCityPro | AVAXUSDT The Last Downtrend?👋 Welcome to TradeCityPro Channel!
Let's go together and analyze and review one of my favorite coins, which I trade a lot in futures and have a good win rate, and before that, let's remember an important point
🌐 Overview Bitcoin
Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together.
This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames.
📊 Weekly Timeframe
On the weekly time frame, the avax chart is one of the best, smooth, and technical charts I've seen, and our support and resistance work beautifully. Events are somewhat recognizable.
After we were rejected from the important resistance of 53.62, which was a very important resistance from the past, the presence of sellers caused us to go into a deep correction, and on the other hand, the reason we didn't break it was because we were rejected and didn't enter the weekly overbuy.
For buying again, we are currently very bearish in the weekly and buying is not logical, but after breaking 53.82, our most reliable trigger will be to start an upward movement, and for cashing out and exiting, if we go below 21.02, I will exit myself, and if we return above this number again, I will buy again, this time with a smaller number of avax, but the same amount USDT.
📈 Daily Timeframe
In the daily timeframe, AX has had a deeper correction than other coins, and while coins like bnb, xrp, cake are at their upper support levels, AX has returned to the daily box it had previously formed
After the rejection we had from the level of 53.96, which was accompanied by a correction, it was likely that we would test this resistance again, and after the rejection we went again to break 44.21 and form a price range box.
This range box, which was in the form of a range in most altcoins, appeared in the form of a triangle in AX and caused the formation of lower lows and highs at the same level, and ultimately caused the important support of 35.02 to be broken and a pullback to it and another drop
For now, we need to form a structure to buy, and we can stay between the 22.71 to 29.10 boxes for the next few days and form a new structure for new trends. I also said sell, I will most likely exit below 19.70
⏱ 4-Hour Timeframe
We experienced a deep decline in the four-hour time frame, so much so that our RSI has reached 14, and after that and the re-entry, the price is forced and condemned to suffer, and now some of our triggers are clear
📈 Long Position Trigger
We have 2 triggers for long positions, which we can open after the 26.75 break and with the 28.47 break, and the difference between these two triggers is their riskiness, and the 28.47 level is likely to move sharply, and this 26.75 level may flatter you more!
📉 Short Position Trigger
you can open a short position when both resistance levels are faked and the trigger is 23.93. Since I feel that if we have a decline, it will be the end of the trend and we have been declining a lot so far, I suggest you save your profit quickly and exit!
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Gold continues to maintain sideways below 294x, accumulating⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) continues to climb during Friday’s Asian session, supported by concerns over US President Donald Trump’s tariff plans and a drop in US bond yields.
However, expectations that the Federal Reserve (Fed) will maintain its hawkish stance and keep interest rates high could limit further gains for the non-yielding metal. Traders are now focused on the upcoming US Retail Sales data for January, set to be released later in the day.
⭐️ Personal comments NOVA:
The uptrend is still going on, however profit-taking selling pressure still exists around 294x, gold will still accumulate around 2900 or more.
⭐️ SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2942 - $2944 SL $2949
TP1: $2935
TP2: $2927
TP3: $2920
🔥 BUY GOLD zone: $2903 - $2905 SL $2898
TP1: $2912
TP2: $2920
TP3: $2930
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
#GMXUSDT at a Key Level: Reversal Up or Further DropThe BYBIT:GMXUSDT.P price is consolidating after a sharp decline and is currently hovering around $19.870. A breakout above resistance or a drop below support will define the next move.
Two possible scenarios:
🔵 Bullish scenario: Holding above $20.480 activates a long setup towards $22.025.
🔴 Bearish scenario: Losing $19.220 confirms a short setup towards $18.040.
⚡ Best approach – place both scenarios in your watchlist and wait for confirmation.
⚡ This allows traders to avoid guessing and enter only after confirmation.
⏱ 1H Timeframe
━━━━━━━━━━━━━━━━━━━━━━
📈 LONG BYBIT:GMXUSDT.P from $20.480
🛡 Stop Loss: $19.870
✅ Overview:
➡️ BYBIT:GMXUSDT.P is stabilizing around $19.870 - $20.065 (POC), the key liquidity zone.
➡️ The price is attempting a recovery but hasn’t broken $20.210 yet.
➡️ A confirmed breakout above $20.480 would open the way toward $21.250 and $22.025.
⚡ Plan:
✅ Bullish confirmation requires a breakout above $20.480 and consolidation.
✅ Monitor reaction at $20.065 (POC) – the key volume zone.
✅ If the breakout is weak, a pullback to $19.770 is possible.
📍 Take Profit targets:
🎯 TP1: $21.250 – local resistance.
💎 TP2: $22.025 – main profit-taking zone.
🚀 BYBIT:GMXUSDT.P is testing a key level — waiting for a breakout signal!
━━━━━━━━━━━━━━━━━━━━━━
📉 SHORT BYBIT:GMXUSDT.P from $19.220
🛡 Stop Loss: $19.770
✅ Overview:
➡️ If the price fails to break $20.065 and starts dropping, a test of $19.220 is expected.
➡️ A breakdown below $19.220 could trigger a move toward $18.655 and $18.040.
➡️ Volume indicators suggest possible distribution, increasing bearish pressure.
⚡ Plan:
✅ Bearish confirmation requires a break below $19.220 and consolidation.
✅ Watch reaction at $19.770 – if it holds, a reversal could form.
✅ If selling pressure increases, the drop could accelerate.
📍 Take Profit targets:
🎯 TP1: $18.655 – intermediate support.
💎 TP2: $18.040 – deep correction.
🚀 BYBIT:GMXUSDT.P is at risk of a breakdown — expecting a move to $18.040!
Gold price recovers, BULL and PPI news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) edges higher during the Asian session on Thursday, extending its rebound from the $2,864 level seen after strong US inflation data. Concerns over a potential global trade war, fueled by President Trump's new tariffs on commodity imports, support demand for the safe-haven metal. Additionally, a slight dip in the US Dollar (USD) further boosts gold's appeal.
⭐️ Personal comments NOVA:
In the uptrend, gold price has recovered to the price zone of 2920, accumulating to find the old ATH of 2944.
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2927 - $2929 SL $2932 scalping
TP1: $2923
TP2: $2918
TP3: $2910
🔥 SELL GOLD zone: $2941 - $2943 SL $2948
TP1: $2935
TP2: $2928
TP3: $2920
🔥 BUY GOLD zone: $2877 - $2879 SL $2872
TP1: $2885
TP2: $2892
TP3: $2900
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
#BAKEUSDT shows correction signals📉 SHORT BYBIT:BAKEUSDT.P from $0.2670
🛡 Stop Loss: $0.2834
⏱ 15M Timeframe
✅ Overview:
➡️ BYBIT:BAKEUSDT.P experienced a sharp upward spike, reaching $0.2834, but was followed by a strong decline, indicating profit-taking from major players.
➡️ POC (Point of Control) at $0.2837 shows a high-liquidity area where most trading volume occurred, suggesting a possible resistance zone.
➡️ The $0.2670 level currently acts as short-term support, but a confirmed breakdown could trigger further downside.
➡️ The chart structure signals a potential correction after this steep rally, making short positions at these levels attractive.
⚡ Plan:
➡️ Enter short after confirming a breakdown below $0.2670.
➡️ Risk management through Stop-Loss at $0.2834, placed above the liquidity zone.
Targets:
💎 TP 1: $0.2585
🔥 TP 2: $0.2452
⚡ TP 3: $0.2310
🚀 BYBIT:BAKEUSDT.P shows correction signals — expecting further downside!
📢 BYBIT:BAKEUSDT.P saw a vertical spike, but the lack of strong buying interest at higher levels suggests potential profit-taking.
📢 If $0.2670 breaks downward, we could see continued selling pressure towards $0.2310.
📢 However, a breakout above $0.2834 could change the scenario, so risk management is crucial.
Riding the BNX Wave: Next Trade SetupsSince BNX surged an astounding +381% in just 3.5 days, it has rapidly reached a key high. However, the dramatic move on low volume has left the market in a tight range, raising questions about a potential correction. Let’s break down the current market structure and explore the key support and resistance levels, followed by specific trade setups.
Looking Back: Market Structure & Trends
BNX’s meteoric rise over a short period has captured attention, but such rapid gains often invite consolidation or a pullback. After hitting the key high, the price was tested and subsequently rejected, particularly on low volume. This rejection signals that the bullish drive may be exhausting, setting the stage for a possible downward correction. Since then, BNX has been trading in a narrow range, reflecting market indecision as traders await further direction.
Key Support Zones & Confluences
Primary Support Zone – Around $0.6:
Moving Averages Confluence: The 21-period EMA and SMA on the 4-hour, weekly, and monthly charts are clustered between approximately $0.585 and $0.553. This convergence creates a robust support area where price is likely to find stability.
Lower Timeframe Trend Insight: My beta indicator on the 15-minute chart, which marks the edge of the bullish trend, further reinforces this support level.
Fibonacci Confluence:
The 0.382 Fibonacci retracement sits at around $0.5426, lending additional support.
The Fibonacci Speed Fan (0.5 level) aligns near $0.56, complementing the overall support picture.
This confluence of technical factors makes the $0.6 zone a crucial area to monitor, as it represents a potential floor should the market trend lower.
Resistance Levels & Confluences
Key Resistance – The Recent High:
Rapid Price Surge & Rejection: BNX’s swift ascent culminated in a key high that was subsequently tested and rejected. The rejection, especially on low volume, indicates that the upward momentum may be losing steam.
Fibonacci Resistance: Notably, the price has also encountered the 0.382 Fibonacci retracement at $0.75, which acts as an additional layer of resistance.
Psychological Resistance: The key high now serves as a significant resistance level, acting as a barrier that the price must overcome to resume its bullish trend.
Potential Trade Setups
Short Trade Setup
Given the rejection at the key high and the low-volume consolidation, a breakdown from this level is anticipated. This scenario makes a short position attractive, as a failed test of the high could trigger further downward movement.
Entry & Stop Loss (SL):
Entry: Initiate a short position at the key high, followed by a rejection.
Stop Loss: Place your stop loss just above the key high to mitigate risk.
Target & Risk/Reward:
Target: Aim for the primary support zone around $0.6, where multiple indicators converge.
Risk-Reward Ratio: The setup targets a favourable risk/reward ratio of 3:1 or better, making it an appealing opportunity for traders.
Long Trade Setup
Despite the clear support confluence around the $0.6 area, entering a long position at this stage carries a less compelling risk/reward profile compared to the short trade.
Entry & Stop Loss (SL):
Entry: Consider a long entry if the price shows strength and decisively holds above the support zone.
Stop Loss: Position the stop loss just below the support area to accommodate minor fluctuations.
Target & Risk/Reward:
Target: The target for a long setup would be the previous swing low.
Risk-Reward Ratio: This trade offers a ratio in the range of 1:1 to 2.5:1, which is alright compared to the short setup.
#MELANIAUSDT further bearish movement!📉 SHORT BYBIT:MELANIAUSDT.P from $1.420
🛡 Stop Loss: $1.440
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:MELANIAUSDT.P continues its bearish trend, failing multiple times to break above resistance $1.469.
➡️ POC at $1.469 indicates a strong liquidity zone, acting as resistance and reinforcing bearish pressure.
➡️ The price broke below $1.424, confirming further downside momentum.
➡️ The next key support level is $1.380, which is the primary target for this short setup.
⚡ Plan:
📉 Bearish Scenario:
➡️ Enter SHORT from $1.420 , as the price continues its decline.
➡️ Manage risk with Stop-Loss at $1.440 to protect against a potential reversal.
➡️ Main downside target:
🎯 TP Target:
💎 TP1: $1.380 — the nearest support level for profit-taking.
📢 If the price BYBIT:MELANIAUSDT.P remains below $1.424, the downtrend is likely to continue.
📢 However, a move back above $1.440 could invalidate the short setup.
🚀 BYBIT:MELANIAUSDT.P Expecting further bearish movement!
NVIDIA The Next long Too Take I cover NVIDIA Range and where I perceive us to gravitate too from the current level . Watch This Before You Buy Nvidia
Is this the Pull Back Zone On Gold XAU GC1! In this video I highlight the potential area for a pull back on Gold Using the TR Pocket and Trend based Extension tool . Using these tools combined we were able to establish a zone of perfect confluence for a downside reaction on Gold. Also I use the new Demonstration Cursor released by Tradingview to highlight the levels on the chart of where my fib pulls were made.
In addition to the above I noticed after completing the video that we have yearly pivots that are untapped around $2580.
CPI on Wednesday may give us the narrative for the reaction up at those highlighted highs and to begin cooling off . I welcome your engagement Boosts comments + follows . Enjoy Ty
#BNXUSDT - Expecting price decline📉 SHORT BYBIT:BNXUSDT.P from $0.4377
🛡 Stop Loss: $0.4502
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:BNXUSDT.P experienced a sharp pump, but after reaching $0.4735, signs of buyer exhaustion appeared.
➡️ The $0.4377 level now acts as a key resistance area. If the price fails to hold above it, a downward move is expected.
➡️ POC at $0.3045 confirms a high-liquidity zone, which could serve as a deeper retracement target.
➡️ High volume on recent candles suggests profit-taking by buyers, increasing the probability of a decline.
⚡ Plan:
➡️ Enter SHORT from $0.4377 if the price confirms rejection at resistance.
➡️ Risk management through Stop-Loss at $0.4502, above key selling pressure.
🎯 TP Targets:
💎 TP1: $0.3941 — first profit-taking level.
🔥 TP2: $0.3600 — next major support zone.
🚀 BYBIT:BNXUSDT.P Expecting a reversal and price decline!
📢 After a sharp price surge, BYBIT:BNXUSDT.P is showing weakness around $0.4377. It’s crucial to monitor this level for potential rejection.
📢 If the price breaks below $0.3941, further downside movement is likely, targeting $0.3600. However, if the price climbs above $0.4502, the short scenario could be invalidated.
ZEN’s Reversal Zone – Perfect Time to Go Long?ZEN has seen a sharp 78.65% decline from its $46.28 high, dropping over the past 40 days. With six consecutive red daily candles, we’re at a critical point to determine whether a bullish reversal is near or if further downside is ahead. Let's analyse the key support and resistance zones and establish high-probability trade setups.
Support Levels & Confluences
1️⃣ Psychological Support – $10: Price bounced off $10, aligning with the 0.886 Fib retracement.
2️⃣ Trend-Based Fib Extension 0.786 – $11.33: Indicates potential correction completion
3️⃣ Yearly Open from 2021 – $11.61: Acts as a historical support level
4️⃣ Weekly Support at $11.48 (0.618 Fib Retracement): Aligns with the weekly order block ($12.13 - $11.45)
5️⃣ Monthly 21 SMA – $10.86: Aligns with the 0.786 Fib
Long Trade Setups – Laddering Strategy
Long positions can be laddered from $11.48 (0.618 Fib) down to $10.82 (0.786 Fib) for a better cost basis.
Long Entry #1: $11.48 (0.618 Fib Retracement)
Long Entry #2: $11.00 (Mid-range level between fibs)
Long Entry #3: $10.82 (0.786 Fib Retracement)
Stop Loss: Below $10.60
Take Profit: $14 - $15
R:R: 13:1 (for 0.786 Fib entry)
This laddering approach allows for better risk management and capital allocation.
Alternative Long Entry – Confirmation-Based Trade
Entry: If price reclaims $12.11 (Daily Open & Weekly Level) and retests it as support
Stop Loss: Below $11.48
Target: $14 - $15
R:R: 3:1
Resistance Levels & Short Setup
1️⃣ Weekly Open - $14.20
2️⃣ Monthly Level - $14.85
3️⃣ Weekly Level - $15.12
4️⃣ Key Resistance - $15
5️⃣ 0.5 Fib Retracement from Downward Wave - $15.25
6️⃣ Weekly 21 SMA - $14.92
Short Setup (If Price Reaches Resistance & Shows Weakness)
Entry: Between $14.85 - $15.25
Stop Loss: Above $15.50
Take Profit: $14.2 - wOpen
Key Takeaways:
Ladder long entries from $11.48 - $10.82 to maximise R:R
Alternative long trade if price confirms $12.11 as support
Strong resistance at $14.85 - $15.25, ideal for profit-taking or a short trade setup
Multiple confluences (Fib levels, moving averages, order blocks) confirm these setups
New Free Indicator Release 🚀
I've just launched a FREE TradingView indicator – Multi Timeframe 8x MA Support & Resistance Zones. It helps visualise key support and resistance levels across different timeframes. Check it out and let me know your thoughts!
BBAI - Great Breakout, over 600% gain. Now its time for Puts!I would not short this with shares! Positive news about new or existing contracts and it will go towards 10$. Puts are safe with low cost and defined risk. They should give 600-1000% over the next week or two. More if the market tanks or PLTR dropping could take this with it as they move together somewhat. I always hedge and the Puts are paid for with some of the profits from calls and shares so no real money risk.
This is not advice, sharing what I am doing is not a recommendation. Always use risk management.
Good luck if you play.
SHORT #GRIFFAINUSDT expecting further downside📉 SHORT BYBIT:GRIFFAINUSDT.P from $0.12810
🛡 Stop loss $0.13193
⏱ Timeframe: 1H
✅ Overview:
➡️ BYBIT:GRIFFAINUSDT.P is showing weakness after reaching a local high, rejecting from a resistance zone.
➡️ POC (Point of Control) at 0.13193 acts as a key volume area with significant trading activity.
➡️ Price action suggests seller dominance, indicating a potential continuation of the downtrend.
➡️ If the 0.12810 support level breaks, expect an increase in bearish momentum.
⚡ Plan:
➡️ Short entry upon confirmation of a breakdown below 0.12810.
➡️ Increased selling volume will confirm the continuation of the bearish trend.
➡️ Holding the position with dynamic monitoring until the first Take Profit level.
🎯 TP Targets:
💎 TP 1: 0.11741 – first target based on the nearest support level.
📢 BYBIT:GRIFFAINUSDT.P is showing bearish signs, but volume and pullback dynamics should be monitored.
📢 A break below 0.12810 could trigger a deeper decline.
📢 If buyers show strength, watch 0.13193 as a possible reversal point.
🚀 BYBIT:GRIFFAINUSDT.P maintains bearish momentum — expecting further downside!
RNDR SHORT/LONGWe had a strong reaction from $3.5, with a bounce of nearly 50%. Currently, the price is at a support level of around $4.1.
From here, the price could either consolidate or gradually move lower toward $3.5, possibly even $3, as the Stoch RSI still has room to go down.
However, a short-term rally toward the 21 EMA on the daily timeframe ($5.6) is also possible.
I'm considering entering a short if the price makes a fakeout above the 21 EMA, targeting at least $4. After that, if the setup aligns, I would look for opportunities to scale into long positions. We also need to remember that on February 11, RNDR will release 0.10% of its total supply into circulation.
This could add some selling pressure, so it’s worth considering when evaluating potential price movements.
$NVO more pain ahead! Headed down to $46-55 - NYSE:NVO was one of the hottest stocks of 2024 is now facing immense challenges by other healthcare companies in weight loss drug.
- With weak results, it sets up for disappointment for 1-2 quarters. Quick turnaround in experiments isn't feasible and would need considerable time to show promising results.
- It's better to put it on watchlist, attend earning call however it is likely that it might underperform FY 2025 or alteast first half of FY 2025.
NF - Will the BIG SELL happen or not?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
China has imposed tariffs on select US goods in response to President Trump’s 10% levy on Chinese imports, escalating trade tensions between the world’s two largest economies and reinforcing demand for safe-haven gold.
On the economic front, the US Department of Labor (DoL) reported that initial jobless claims rose to 219K for the week ending February 1, up from the previous week’s revised 208K. Meanwhile, US Treasury Secretary Scott Bessent stated that the Trump administration is less concerned about the Federal Reserve’s rate path and is instead focused on lowering 10-year Treasury yields.
⭐️ Personal comments NOVA:
The market is too expecting a price increase - big FOMO will have high risks. NF news will shock the market today, BIG SELL will happen
⭐️ SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2851 - $2949 SL $2845 scalping
TP1: $2855
TP2: $2860
TP3: $2865
🔥 BUY GOLD zone: $2813 - $2811 SL $2806
TP1: $2820
TP2: $2828
TP3: $2835
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
ATOM WEEKLY PART I The ATOM weekly chart is exciting. Every time the Stoch RSI oscillator is about to make a bullish cross but gets rejected, the price drops by at least 40%—this has happened the last two times.
However, the first time this fake cross occurred, the price increased by 68% before dropping by 74%.
Considering that on February 3, we saw a high-volume rejection from $3.7 (a 34% drop), I believe there is still room for the price to go lower, possibly even below $3.7.
If you flip the chart, it looks like it could reach around $3.2.
#TRUMPUSDT expecting further decline📉 SHORT BYBIT:TRUMPUSDT.P from $17.400
🛡 Stop Loss: $17.966
⏱ 1H Timeframe
📍 Overview:
➡️ BYBIT:TRUMPUSDT.P is showing signs of weakness after forming local resistance. The price failed to hold above $17.966 , confirming seller pressure.
➡️ POC (Point of Control) is positioned above the current price, indicating that liquidity has already been distributed in the upper range, while demand zones are shifting lower.
➡️ The price tested $17.400 and started moving downward, reinforcing the bearish scenario. If this level breaks, a move toward $16.412 is likely, where demand was previously observed.
➡️ The $16.412 level may serve as a short-term bounce zone, so monitoring price reaction is crucial.
⚡ Plan:
➡️ Short entry after breaking $17.400 , confirming buyer weakness.
➡️ Risk management through Stop-Loss at $17.966 , placed above the nearest liquidity zone.
➡️ Primary downside target – $16.412 , where buyers may step in.
🎯 TP Targets:
💎 TP 1: $16.412
🚀 BYBIT:TRUMPUSDT.P continues to lose momentum — expecting further decline!
📢 BYBIT:TRUMPUSDT.P remains under pressure, and the current market structure suggests a potential continuation of the downtrend. If the asset breaks below $17.400, the decline may accelerate.
📢 It is crucial to monitor volume—if selling volume increases, the bearish trend will strengthen.
📢 However, the $16.412 level may act as a reversal zone, so partial profit-taking could be a smart strategy.
