📉📈 PYTH Support and Potential Upside! 🚀💹
📊 Analysis:
Support Zone: PYTH is compressing down to $0.905, indicating a support zone.
Building Up: Signs of building up are observed in this support area.
Laddering In: Consider laddering into positions at this level.
Next Support: If $0.905 fails, next support likely at $0.80.
📈 Trade Plan:
Entry: Initiate a trade around $0.905.
Take Profit: Target set at $1.10 for potential upside.
Stop Loss: Place just below $0.78 to manage risk.
🌟 Note: Stay vigilant for any shifts in market dynamics and adjust strategies accordingly! 🌐🚀 #PYTH #Support #TradePlan 📊📈
Support
BTC Market AnalysisCurrently, Bitcoin is experiencing a simultaneous price surge with indications suggesting it will break through the resistance level of 71,649.
It is anticipated that after surpassing this level, the price will continue to rise significantly.
There are predictions that Bitcoin may approach the level of 73,862 in the near future.
Following this milestone, there is a possibility that the price will undergo a corrective phase before rebounding towards the support zone at 68,409
What do you think about USD/JPY?In today's London trading session, the USD/JPY pair maintained stability within a narrow range around the 151.30 level. Market forecasts suggest that this pair may continue to fluctuate within this tight range, potentially experiencing a slight decline before rising to confront the resistance zone at 151.977. However, there is a possibility that it may subsequently revert to a downward trend in the near future.
Overall, the USD/JPY pair is still undergoing a significant decline, and investors may need to closely monitor market developments to make informed investment decisions.
waiting for the big resistanceOANDA: XAUUSD. The trend appears to be bullish, but there is a minor resistance system in its way. It's recommended to wait for the price to react to the trend line. If the price reacts as expected, the next significant resistance would be an excellent opportunity to take a short scalp position.
remember the trend is leading to higher peaks.
🟢 INJ Trade Plan: Recovery Entry Strategy 📈🚀🎯 Entry Point:
Consider entering the trade between $37.80 and $38.80, ensuring confirmation of support turnaround.
🎯 Take Profit:
Target profit at $44.50 or $52.00, aiming for significant resistance levels.
🛑 Stop Loss:
Implement a stop loss at $34.00 to mitigate potential losses in case of a reversal.
📉📈 Note: Monitor price action closely for confirmation and adjust the strategy according to market dynamics. #INJ #TradingStrategy #RecoveryEntry 🟢📊
Will BTC maintain its price in the previous ATH zone?Hello everyone, I invite you to review the situation on BTC. As you can see, the price is struggling to maintain the level above the previous ATH, you should observe the behavior and be vigilant because just above a specific zone there is a very strong resistance level where the price should reach according to cyclicality.
The RSI indicator and the STOCH indicator show that we are maintaining the movement above the upper limit, which could potentially result in a recovery that would provide a healthy correction and gather energy for new increases.
A Promising Investment in Africa's E-commerceNYSE:JMIA is retesting the $5 support level which is a major point of interest. Bouncing off this level is a good sign for strong buyer interest and a sign of further uptrend.
Bullish Case
Growing e-commerce market in Africa: Africa has a rapidly growing middle class and a young, tech-savvy population. This presents a significant opportunity for e-commerce companies like Jumia to tap into the expanding market and capture a substantial share of the growing online retail sector.
First-mover advantage: Jumia is often referred to as the "Amazon of Africa" due to its dominant position in the African e-commerce market. As the first major player in the region, Jumia has built a strong brand and established a network of customers, sellers, and logistics partners, giving it a competitive advantage over potential new entrants.
Support And Resistance Lines Are Not Real: Prove Me WrongIn this video, I draw random lines on the chart to prove a point. I think we need to ask ourselves the following questions to become better traders:
How will I define support and resistance consistently ?
How will I use support and resistance in my trading?
Do I need support and resistance in my trading?
Is support and resistance a reliable measure for markets?
Are the lines that I have been drawing for so long actually meaningful?
ALT - Breakout from the resistance >|||<#ALT/USDT #Analysis
Description
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+ The price of ALT is currently hovering around the resistance level, suggesting a potential breakout.
+ If the price manages to successfully breach the resistance level, it presents an opportunity to enter a long position.
+ I plan to initiate a long position once the breakout is confirmed.
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VectorAlgo Trade Details
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Entry Price: 0.67159
Stop Loss: 0.5388
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Target 1: 0.7383
Target 2: 0.7950
Target 3: 0.8173
Target 4: 0.9928
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Timeframe: 4H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
BTC/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As we can see, the price has broken lower from the local upward trend line.
Let's start by determining the support and, as you can see, first we have a visible support zone from $69,984 to $69,553, and then there is support at the level of $68,307.
Looking the other way, we see the price rising above the first resistance level at $70,147, the next one is at $70,678, and then it is worth marking the resistance zone from $71,067 to $71,561.
Looking at the volume indicator, you can see two green candles, but they are much weaker than the previous red candles, indicating a local downward trend. On the RSI indicator, we have approached the middle of the range, which still leaves room for a price decline.
Alikze »» MINA | Pullback to dynamic trigger is brokenIn the daily time, after the failure of the dynamic trigger and the support in the green box range, it has already tried to break the neckline several times, which it has not succeeded in breaking so far. But according to the structure that created higher floors and pits facing up, a triangle corner pattern was also formed. If the fake break occurs from the bottom and is supported in the green box range, it will have the ability to continue to the next supply area.
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LINK - Bounce and go up ^#LINK/USDT #Analysis
Description
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+ LINK is showing good bullish momentum and price retraced back and now it is bouncing back
+ This retracement is a good opportunity for a LONG trade
+ I'm entering a long trade with a good distance to the stop loss.
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VectorAlgo Trade Details
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Entry Price: 19.4
Stop Loss: 15.78
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Target 1: 22.4
Target 2: 25.03
Target 3: 28.9
Target 4: 35.9
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Timeframe: 1D
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
EOSUSDT - Support is holding strong#EOSUSDT (4H CHART) Technical Analysis Update
EOSUSDT is strongly holding its support level and now its successfully bounced from the support.
We can expect a new resistance at 0.734 level, which is a good price level to move the stoploss to breakeven level.
Long Entry level: $ 0.700 - 0.707
Stop loss: below $ 0.678
Target 1: $ 0.734
Target 2: $ 0.771
Target 3: $ 0.807
Max Leverage: 2x
|ALWAYS KEEP STOP LOSS|
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INJ - Holding strong in support and expected to bounce backAs you can see in the chart, this is the 4th time INJ is bouncing back from support and showing a bullish sentiment. We can this trend to continue and the next target for INJ is around $70
Entry level: $ 28-32
Stop loss level $ 23
Target 1: $39
Target 2: $45
Target 3: $ 59
Target 4: $ 69
Max Leverage: 2x
Don't forget to keep stop loss.
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Cheers
GreenCrypto