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Buy Dogecoin (DOGE) at $0.12724I recommend buying Dogecoin (DOGE) at $0.12724. This recommendation is based on the Smart Money Concept (SMC), which identifies a "Demand Zone" at this price level and a Fair Value Gap (FVG) above the demand zone. Key Points: Entry Price: Buy Dogecoin at $0.12724. This price level has been identified as an optimal entry point due to the presence of a demand zone and an FVG. Explanation of FVG: Fair Value Gap (FVG): An FVG occurs when there is a significant price movement with little or no trading activity in between, creating a gap. This gap represents an imbalance in the market, often caused by institutional investors, and can act as a magnet for price, providing an area of potential support or resistance. Stop Loss (SL): Set your stop loss (SL) at $0.12502, which is just under the FVG. This level has been chosen to minimize potential losses if the market moves against the trade. The stop loss percentage is 1.74%. Take Profit (TP): Set your take profit (TP) at $0.13822, which aligns with a supply zone. This target has been chosen based on market dynamics and anticipated resistance levels. Explanation: Smart Money Concept (SMC): SMC is a trading strategy that focuses on understanding and following the actions of institutional investors, who have significant influence on the market. By identifying areas where these large players are likely to buy (demand zones) or sell (supply zones), traders can align their positions with the "smart money" to improve their chances of success. Demand Zone: A demand zone is an area on the chart where there has been a high level of buying interest, causing prices to rise from that level in the past. When the price returns to this zone, it is likely to encounter buying pressure again, providing a potential entry point for traders. Supply Zone: A supply zone is an area on the chart where there has been significant selling interest in the past, which may act as a resistance level. Conclusion: Entering Dogecoin at $0.12724, based on the SMC and the identified demand zone and FVG, presents a strategic investment opportunity. By setting a stop loss at $0.12502, we aim to manage risk effectively, and by setting a take profit at $0.13822, we target a supply zone for potential gains. As always, it's essential to monitor the market closely and adjust your strategy as necessary. Trading involves risks, and it's crucial to stay informed and make decisions based on thorough analysis. Like, follow me for more such content and share to increase your friends' knowledge.
Long
by smarttrader012
CRYPTO TOTAL MARKET CAP (BULLISH IDEA)Hello Avid reader, I would like to share my take on the possible scenario for the Crypto Market. 1 - The market has been in consolidation phase for the past 4 months , creating a Typical Bull-Flag pattern . 2 - As you can see that the lows of the channel have been tested 4 times, but the selling pressure got absorbed on each test, signaling a Strong reversal. 3 - The mid of the channel (represented by dotted white line) precisely provided resistance / support to the PA in all the previous moves which is clearly visible on the chart. But the thing which I would like to highlight here, is that this time, the Price, very comfortably broke through the mid-zone and re-tested it as Support. 4 - There is a BISI (Buy-Side Imbalance & Sell-side inefficiency) highlighted by the green box. The PA might indulge this zone to grab un-touched Liquidity. 5 - USDT's Dominance is weakening and has formed a Bear-Flag pattern. Areas of interest are market on the chart. 6 - In Summary, I expect the Crypto Market cap to rise significantly in the upcoming weeks, especially in Q4 2024 & subsequently, in Q1 2025. We are likely to face some resistance in the 2.5 T to 2.55 T area, as highlighted in the red box. Thereafter, 2.7 T and 3 T would be my areas of interest for selling. Thanks.
CRYPTOCAP:TOTALLong
by shadowkh1
3
Bitcoin Showing Strength, Daily Volumetric bull candlesticks !Bitcoin is following the path according to the pullbacks we have been predicting since it fell to the demand zone. Please check each bullish candle that Bitcoin forms after each pullback, it shows strength every time Following the smart money concepts and with the movement it is making based on the structure, I am expecting Bitcoin to reach my point of interest very soon. However, before reaching my point of interest, I believe we have to consider that we will see 1 to 2 small pullbacks. Thank you for following my analysis.
COINBASE:BTCUSDLong
by RocketMike111
GBPUSD - LONG (DAILY RESISTANCE BROKEN)good evening traders, this is my setup looking at the GBPUSD. clearly shows a nice strong trend that has now pushed the barrier of the daily resistance level. can we look to push forward? i'm looking to plant my seed where shown on the chart and the signs during this pair shows perhaps my little seed shall become the full plant over the giving time! let me know what your thoughts are? perhaps show me some further detail on what you think? thank you!
Long
by RJLfamily
1
BTC - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈BTC has been overall bullish, trading above the red trendline. Moreover, the $61,000 - $62,000 is a strong support zone. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support and red trendline acting as a non-horizontal support. 📚 As per my trading style: As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst