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USDT-D

TOTAL3-USDT - RISK ON - ALTSEASON IS HERE!This will be the most important Weekly Close of the cycle for Altcoins. TOTAL3-USDT has shown a “3 White Soldiers” pattern and broken out of its Bull Pennant and Bull Market Support Band. RSI has also flipped bullish. The last time this happened Q4 2020, Alts ripped ~1,100% over a 1 year period. This rally has been fueled by the Fed announcing a massive 50 Bps Rate Cut, with PBOC doing the same shortly after. More rate cuts are expected November 6th and December 17th to push risk even further. Get ready for all your normie friends to start messaging you asking for crypto advice. I personally have experienced this the past week.
CRYPTOCAP:TOTAL3Long
by jonnieking
Why Aerodrome Finance (AERO) Will Be A Top 20 CryptocurrencyAfter diving deep into Aerodrome's whitepaper and dApp, it's become crystal clear that AERO is destined to become a top 10-20 market cap token. The fundamentals and long-term prospects are so strong that, honestly, if it doesn't reach that point, I would be shocked. Here's why: 1. Massive Liquidity and Total Value Locked (TVL) AERO has an insane amount of liquidity and demand, and it's only growing: Aerodrome's TVL recently hit $1 billion, a massive milestone. The BASE chain, which AERO is built on, has reached $2 billion in TVL for the first time ever. AERO is currently ranked #32 in TVL across the entire crypto ecosystem—out of thousands of tokens. It's only a matter of time before AERO climbs into the top 20, maybe even the top 10 or top 5 in terms of TVL. This level of liquidity is crucial for several reasons: It provides stability and reduces slippage for traders. It attracts more users and projects to the ecosystem. It demonstrates strong confidence from investors and users. 2. Innovative Tokenomics and Yield Generation Aerodrome's tokenomics model is designed to encourage long-term holding and participation: Users can lock AERO tokens for up to four years, receiving boosted rewards. This lock-up mechanism could potentially create supply squeezes, driving up the token's value. The protocol offers incredible yield options, making it more likely that users will continue to lock up their tokens. With these crazy yield options, it's truly surprising that more people haven't caught on yet. 3. Strategic Position on the BASE Chain Aerodrome's role as the largest DEX on the BASE chain provides several advantages: BASE is one of the fastest-growing chains in crypto, with over 1.3 million active addresses—more than any other EVM chain, including Ethereum. As the "unofficial token" of BASE, AERO is well-positioned to benefit from the chain's rapid growth. BASE's low fees and high liquidity make it attractive for DeFi users, potentially driving more activity to Aerodrome. 4. The Coinbase Factor and Marketing Potential The connection to Coinbase through the BASE chain is a game-changer: Aerodrome is already listed on Coinbase, providing exposure to a large user base. As Coinbase's layer-2 solution, BASE is likely to receive substantial marketing and development support. When Coinbase decides to push BASE hard, AERO will be right at the center of it, benefiting from Coinbase's massive resources and marketing power. 5. Comparative Market Analysis When comparing Aerodrome to other successful DEXes, the growth potential is enormous: Uniswap, a leading DEX, hit a $20 billion market cap at its peak. If Aerodrome were to achieve similar success, it could easily match or exceed this valuation. 6. Technological Innovation and Development Aerodrome continues to innovate within the DeFi space: The protocol has implemented advanced features like concentrated liquidity and multiple fee tiers. Ongoing development and upgrades could further enhance Aerodrome's competitive edge. The team's ability to adapt to market needs and introduce new features will be crucial for long-term success. 7. Community and Ecosystem Growth A strong and engaged community is vital for any crypto project: Aerodrome has been gaining traction on social media platforms and crypto forums. The number of unique addresses interacting with the protocol has been steadily increasing. Partnerships and integrations with other DeFi protocols could further expand Aerodrome's ecosystem. 8. Potential for Major Exchange Listings As of now, AERO has yet to be listed on some of the largest cryptocurrency exchanges: AERO is not currently available on major platforms like Binance and Bybit. Listing on these exchanges could potentially provide a significant boost to AERO's liquidity and accessibility. The increased exposure from major exchange listings often leads to heightened interest and trading volume. Early adopters who invest before major exchange listings often stand to benefit the most from potential price appreciation. 9. Exclusivity to BASE Chain: A Strategic Advantage Aerodrome's decision to remain exclusive to the BASE chain is a strategic move that could significantly benefit both the protocol and the chain: By keeping the AERO token and protocol exclusive to BASE, Aerodrome helps drive users and liquidity directly to the BASE chain. This exclusivity creates a symbiotic relationship: as Aerodrome grows, it naturally increases activity and adoption of the BASE chain. Concentrated liquidity on a single chain can lead to better trading experiences, lower slippage, and more efficient price discovery for AERO. 10. AERO Price and Long-Term Potential The potential for significant price appreciation is a key factor in AERO's appeal: I can confidently say that getting AERO under $1 might look like a dream in the next 1-2 years. Right now, it's sitting at $1.30, but I recommended it to my followers when it was under $0.10. The upside potential here is enormous. I wouldn't be surprised if AERO does a 25x from its current price. With all the data and liquidity I'm seeing, a price of $30 or even $50+ doesn't seem far-fetched at all. Conservative estimates place potential future prices in the $20-$30 range, with some optimistic projections even higher. Conclusion This train is leaving the station, and it's only going to get bigger, bigger, and bigger. With all the liquidity, yield, and demand driving this token forward, AERO has quickly become my #1 favorite token in crypto, and I don't see that changing anytime soon. While these projections are exciting, it's important to remember that the cryptocurrency market is highly volatile and unpredictable. Always conduct your own research and invest responsibly. COINBASE:AEROUSD KUCOIN:AEROUSDT COINEX:AEROUSDT CRYPTO:AERODUSD GATEIO:AEROUSDT CRYPTOCOM:AEROUSD BYBIT:AEROUSDT.P BITGET:AEROUSDT GATEIO:AEROUSDT PHEMEX:AEROUSDT MEXC:AEROUSDT.P BYBIT:AEROUSDT.P
COINBASE:AEROUSDLong
by Coindatahouse
2
Altcoin Market Breaking Out: Bull-Flag!Altcoins have been steadily losing value against BTC ever since the March top. However, TOTAL3 (total marketcap minus BTC+ETH marketcap) has finally broken out of a 6-month bearish channel pattern, making it a successful bull-flag break out. It's too early to call for a definitive continuation of the trend, but at least a major long-term pattern has changed as of this week. For now, I'm hoping for a move towards the yellow line, being the 2024 top. With a BTC Dominance at 57.5%, it would most likely lead to a new BTC all-time high if the altcoin market reaches the 2024 top. Potentially exciting times ahead!
CRYPTOCAP:TOTAL3Long
by FieryTrading
2
USDT Dominance Update: Its Time to be Cautious!USDT dominance is down 15% since our last update. This drop has allowed BTC and other altcoins to rally, and the trend is still ongoing. The recent chart indicates the continuation of the bearish move, with the current dominance at 5.48%. It has yet to test the support trendline, meaning the market still has some room for the rally to continue. However, we’ve reached a point where caution is necessary. If we see a rebound in USDT.D on the daily chart, it will signal an exit from all long positions and a shift to short positions. Our current targets are 5.20% for USDT.D and $69K for BTC. I will keep you updated, so stay tuned and follow if you haven’t already. Make sure to conduct thorough research and analysis before making any decisions. Regards, Team Dexter #USDT #Crypto
CRYPTOCAP:USDT.D
by Dexter_The_Trader
AERO USDT TO $1.40Long accumulation phase on the DAILY timeframe that could potentially break out. This recent formation of a strong support area around $1.40 aligns with the 0.5 Fibonacci level. The breakout from this area suggests substantial upside potential. Generally, the larger the Fibonacci retracement level, the more significant the potential price movement. We’ve observed similar scenarios before, and AERO could be poised for an impressive breakout, much like what happened with other decentralized exchange tokens in prior cycles. Target: $1.40 (with potential for much higher gains beyond this) -------------- Why $1.40? AERO has a total supply of 1.2 billion tokens, with 634 million currently in circulation. The current market cap stands at $615 million, indicating that reaching $1.40 is not only achievable but potentially just the beginning. The $1.40 mark aligns with the 0.5 Fibonacci level, which historically has served as both a strong support and a key breakout level for assets in the early stages of a rally. Aerodrome Finance, the largest token on the BASE chain, is currently listed on Coinbase, which speaks volumes about its credibility. However, this token remains underappreciated and highly underrated in the broader crypto market, despite its enormous potential. One of the most significant drivers of AERO’s future success will be the backing of Coinbase. With Coinbase being the most beginner-friendly and widely used exchange globally, it's only a matter of time before they heavily promote the BASE chain—and AERO stands as the top decentralized exchange (DEX) on that chain. As Coinbase begins to market its chain to the masses, the demand for AERO will surge. The BASE chain itself is one of the fastest-growing in crypto, currently ranked within the top 6 for Total Value Locked (TVL). When you factor in that some of the chains ranked above it (like BSC, TRX, and SOL) are notorious for fake volumes and market manipulation, BASE could effectively be considered one of the top 3 most legitimate chains. Furthermore, BASE is home to USDC, the only stablecoin officially regulated and approved by the SEC. This stablecoin partnership is a key factor that will continue to drive AERO’s demand. With over 1.3 million active addresses and growing, BASE is now the largest EVM chain by this metric, surpassing even Ethereum. This makes Aerodrome’s position as the leading DEX on the BASE chain all the more important. The liquidity, use case, and growing demand for AERO are massive, and the token remains severely undervalued at its current price. Long-Term Potential While $1.40 serves as the short-term target, AERO’s potential far exceeds this level. If you compare it to Uniswap, which reached a $20 billion market cap during its peak in 2021, Aerodrome could easily hit a similar level due to its lower gas fees on the BASE chain, abundant liquidity, high yields, and user engagement through farming and LP pools. If AERO hits a $20 billion market cap, its price would reach $31 per token—and I believe it can go even higher. With users locking up their AERO for 4 years to earn rewards, demand will only continue to increase. Long-Term Target: $20-$30+ AERO is my top proof-of-stake token, and I fully stand by its potential to become a top 10-20 market cap token in the coming years. My long-term target is in the $20-$30 range as BASE continues to grow and AERO cements itself as the leading DEX on the chain. AERO has been a fixture on my watchlist for over a year, and I’m excited to share that my average entry price was $0.08—a detail I’ve also shared with my followers. COINBASE:AEROUSD BYBIT:AEROUSDT.P BITGET:AEROUSDT KUCOIN:AEROUSDT COINEX:AEROUSDT GATEIO:AEROUSDT PHEMEX:AEROUSDT CRYPTOCOM:AEROUSD MEXC:AEROUSDT.P
COINBASE:AEROUSDLong
by Coindatahouse
Bitcoin can make small correction and then start to move upHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago declined to the support level, which coincided with the buyer zone and even soon broke this level. After this, price declined a little more and then moved up inside the upward channel. In a short time, BTC broke the 56200 level again and then made a retest. After this movement, BTC rose a little more and even almost reached the resistance line of the channel, after which it turned around and declined to support line of the channel. Some time later Bitcoin rebounded from this line to the resistance line, which coincided with the resistance level with the seller zone, and tired to break it, but failed. Later, the price some time traded near this level, and a not long time ago made a fake breakout of the 63700 resistance level. Now BTC trades very close to this level, therefore I think that the price can correct almost to the support line and then start to grow to the resistance line of the upward channel, thereby breaking the resistance level. For this case, I set my TP at 67250 points, which coincides with the resistance line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
VELO USDT to $0.13Long accumulation phase on the DAILY timeframe that could potentially break out. This recent formation of a descending wedge pattern suggests significant potential upside for VELO. The breakout from such a pattern is often a precursor to substantial price movements. Generally, the higher the timeframe of the breakout, the larger the potential move. We observed a similar scenario with AERO. We entered AERO when it was in a similar pattern and caught the breakout that propelled it upward, allowing for significant gains. Target: $0.13 (with higher potential beyond) -------------- Why $0.13? VELO has a maximum supply of 1.8 billion tokens, with approximately 800 million currently in circulation. Presently, the market cap stands at $73 million, with a fully diluted valuation (FDV) of $166 million. The potential for VELO to reach $0.13 represents a realistic target that would elevate its market cap significantly. Velodrome Finance is not just another DeFi project; it serves as a liquidity and yield generation platform that operates across multiple chains, including Optimism (OP) and others. It provides a robust ecosystem for decentralized finance, featuring ample liquidity and yield opportunities. Similar to AERO, which also formed a descending wedge pattern, VELO could potentially break out and claim the 200 DEMA. If this occurs, it could take VELO toward $0.13, which aligns with the 0.236 Fibonacci level on the daily chart. Importantly, $0.13 is just the first target, and there is potential for further gains beyond this level as the project continues to develop and attract attention. VELO's presence on Coinbase adds to its credibility and market visibility. As we look ahead, the substantial liquidity and yield generation opportunities available through VELO appear underappreciated, leading to the strong possibility of a 10x return in the future and perhaps even more. Achieving the $0.13 target would position VELO more favorably in the market, increasing its market cap to a more substantial figure. This target reflects a conservative estimate, considering the project’s fundamentals and its current market conditions. It’s important to recognize the inherent scarcity of VELO's token supply, which makes it susceptible to significant price pumps. While there is potential for VELO to surpass $0.13, this target serves as a prudent benchmark for the near term. Velodrome Finance is committed to fostering a decentralized finance ecosystem, providing infrastructure that supports liquidity and yield generation for various applications. It aims to redefine how users interact with DeFi, making it a noteworthy project to keep on your radar. VELO has been a key focus of mine for some time, and I’m excited to share my insights as we monitor its potential journey toward $0.13 and beyond. COINBASE:VELOUSD OKX:VELODROMEUSDT CRYPTO:VELODUSD MEXC:VELODROMEUSDT GATEIO:VELODROMEUSDT COINEX:VELOUSDT BITMART:VELOUSDT
COINBASE:VELOUSDLong
by Coindatahouse
USDT Dominance is bearishFrom where we entered "start" on the chart, it seems that the dominance correction has started. It looks like we have an ABC on the chart that we are now at the end of wave B. Wave B seems to be symmetrical, which is symmetrical in wave i. It seems that after the completion of wave B, we have a bearish wave C for dominance. The targets are listed on the chart. Wave B is expected to end this month (September) or October. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTOCAP:USDT.D
by behdark
BITCOIN - Price can break resistance level and continue to growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price entered to triangle, where at once made downward impulse from resistance line to support line. Price broke $63700 and $54900 levels, but soon turned around and rose higher than $54900 support level, breaking it again. Next, BTC continued to grow and later reached resistance line of triangle, after which started to decline. In a short time, price fell to support area, thereby exiting from triangle and starting to grow in rising channel. In channel, Bitcoin rose to $63700 resistance level, where at the moment continues to trades very close. Possibly, price can make a small movement below and then bounce up to $67600, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
7
Rule of 160: History Predicts Start Of Bull-Run This Week!In this analysis I want to take a closer look at previous bull-cycles and Bitcoin's behaviour in the months following the halving. The vertical yellow line is the date of the halving. The purple rectangle is the price action of the 160 days following the halving. We can very clearly see a few interesting similarities between the last three cycles: - The price pumps prior to the halving. - The price trades sideways for 160 days after the halving. - The "real" bull-run starts after the sideways price action has ended. If we follow the Rule of 160, the start of the next big bull-run would be somewhere around 27 september, which is this week! I'm aware that market conditions are different now than they were back then. Still, BTC is a very cyclical asset and has historically followed calendar based trends. There's data to suggest that we have to come down (check my previous posts), but there's also data like this that suggests that the price will increase. Time will tell. Interested to hear your opinions!
INDEX:BTCUSDLong
by FieryTrading
10
HelenP. I Bitcoin can make small move up and then rebound downHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price a not long time ago dropped to the trend line and at once turned around and rebounded up higher than support 2, breaking it. Next, the price started to trades inside consolidation, where it some time traded near the support level and then rose to the top part of the pattern. Later, BTC rebounded from this part and declined to support 2, breaking the trend line, but soon turned around and made impulse up, thereby breaking the trend line again and exiting from consolidation. After this, the price continued to increase and soon reached support 1, which broke too and started to trades another one consolidation. Bitcoin some time traded near support 1 and then rebounded up to the top part of a consolidation, but a not long time ago it started to decline. So, in my mind, BTCUSDT will rise to the top part again and then rebound down to the support zone, thereby breaking the trend line with the support level. That's why I set my goal at 62100 points, which is located in the support zone. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
KASPA USDT 4H CHART TA+price predictionHi! Today I will analyze Kaspa / Usdt chart on 4h timeframe and I will look up what's following in near future - price prediction. TA by Blaž Fabjan The descending triangle is highlighted, signaling a potential bearish continuation or reversal. 1. Resistance is marked on the chart, suggesting that the price is struggling to break above that level. 2. Support is seen near the base of the triangle. If this support level breaks, a more significant downside is expected. Indicators: VMC Cipher Divergences: Suggesting a mix of bullish and bearish divergences. Current momentum appears bearish, as evidenced by the divergences. However, there could be a potential reversal, depending on the market structure. RSI (Relative Strength Index): Sitting near the lower range (~42.77), which suggests that the asset is not yet oversold, but it's approaching a level that could present a buying opportunity if oversold conditions are met. Stochastic RSI: It appears oversold (~42.35), indicating that a reversal or upward momentum might be due soon. Price Action: The chart shows a potential downward move towards the lower boundary of the triangle, which is marked with an emoji representing the target zone. A bounce from this zone may lead to a bullish breakout, as indicated by the upward arrow. If the price falls below the triangle, the next support is likely around the $0.1500 level (as per the emoji), with a possible further decline if that level is breached. Volume: The volume appears stable, but no significant spikes indicate a strong trend change or momentum yet. Low volume during a potential breakdown would suggest a weaker move, while a volume spike could confirm the breakout/breakdown. Trading Plan Short-Term Outlook (Bearish Continuation): Entry: If the price breaks below the current support at ~$0.1600, short positions could be considered, targeting the next support near $0.1500 or lower. Stop Loss: Set just above the resistance level, around $0.1700, to minimize risk. Target: Short-term targets would be $0.1500 (first support), potentially moving lower depending on market conditions. Bullish Reversal (Medium- to Long-Term Outlook): Entry: If the price bounces off support (as indicated by the chart), wait for confirmation of a reversal before entering. Look for a close above $0.1700 as a bullish sign. Stop Loss: Set below the triangle's lower boundary at ~$0.1550. Target: First target could be around $0.2100, following the chart’s indication of a potential sharp upward movement. Breakouts from descending triangles often lead to significant upward momentum. Confirmation: Wait for confirmation of direction either through volume increase or a clear breakout from the triangle. Trade cautiously within the triangle as price movements could be choppy. In summary, the chart suggests a possible short-term bearish movement towards the $0.1500 level, followed by a potential bullish reversal. Watch for breakout confirmation and act accordingly based on the defined trading plan.
Long
by elfabiiani
Bitcoin - Where will Bitcoin go after the interest rate cut?Bitcoin is above the EMA50 and EMA200 in the 4H timeframe and is trading above the $60,000 level Risk On sentiment in the US stock market or investing in Bitcoin ETFs has led to its continued upward movement, and you can look for Bitcoin buying opportunities by maintaining the drawn upward trend line and not breaking it Capital withdrawals from Bitcoin ETFs or risk Off Sentiment in the US stock market will pave the way for Bitcoin to decline. Selling will be justified after a valid break of the specified support area
COINBASE:BTCUSD
by Ali_PSND
BTC/USDT Technical Analysis Overview: BTC recently broke above a key resistance trendline after forming a higher low near the 52,000-53,000 USD range. It is currently trading at around 63,445 USD. The brown-shaded area on the chart highlights a zone between approximately 62,000 and 70,000 USD, which appears to be a significant resistance zone. The green trendline below seems to represent a long-term support level, from which BTC has rebounded multiple times. The yellow and purple moving averages on the chart suggest a short-term bullish momentum, with the shorter-term average trending upward and the price breaking above it. Downward Resistance Line: A previously descending resistance line was broken, indicating a potential bullish breakout. BTC appears to be entering a bullish continuation phase, attempting to push further into the resistance zone. If the price holds above the 62,000 USD level, it could target the upper end of the brown zone near 70,000 USD. Let me know if you'd like a more detailed technical analysis! Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Long
by CryptoSanders9563
Bitcoin Dominance Keeps Rising: Alts Will Keep Getting Rekt!Most altcoins have been underperforming BTC by quite a big margin over the last ~2 years. If you look at most alts, they are edging around the bear-market lows or trading slightly above it. A far cry from BTC's ~4x above the bear market low. The result of BTC's overperformance is the sharp rise in Bitcoin Dominance (BTC.D). As of last week, BTC.D has made a new high this cycle. With the risk of a recession increasing, there's a high probability that Bitcoin is going to be the investment of choice for crypto holders (apart from stablecoins). My assumption is that the BTC.D will continue to rise towards the yellow area, potentially even higher if the recession actually hits. Alts are prone to lose against BTC, and are likely to keep losing value against BTC for the foreseeable future. On the other hand, if the BTC.D keeps rising it will also come down at some point and cause a massive alt season. Patience is key.
CRYPTOCAP:BTC.D
by FieryTrading
3
PEPE / USDT TECHNICAL ANAYLSIS ON 4H TIMEFRAME BINANCE CHARTRising Wedge Formation: The chart shows a rising wedge pattern, which is typically considered a bearish pattern. This pattern suggests that while the price is moving upwards, the movement is becoming more constrained and might lead to a breakout to the downside once the wedge reaches a critical point. Support and Resistance Levels: Support Levels: Around 0.000000583 USDT, which aligns with the lower trend line of the wedge. This level could act as a potential bounce zone. Resistance Levels: The price is facing potential resistance at 0.000000886 USDT and further upwards near 0.000000986 USDT. Volume Analysis: The volume appears to be declining as the price moves within the wedge. Lower volume during a rising wedge can be a warning of an impending reversal or consolidation phase. Indicators (RSI, Stochastic, VMC): RSI (Relative Strength Index): Sitting near 42.72, indicating that the price is not in overbought or oversold conditions but is leaning towards a bearish bias. Stochastic RSI: Shows a reversal from the oversold territory, indicating a potential short-term bounce or consolidation. VMC (Market Cipher-like indicator): Shows multiple divergences, suggesting some conflicting signals but likely a continuation of the downward pressure in the short term. Prognosis for PEPE/USDT: Short Term: The price may test the lower bound of the wedge (around 0.000000583 USDT), as the wedge structure and other indicators suggest potential downward pressure. A short-term bounce from this support is possible given the Stochastic RSI showing oversold conditions. Medium Term: If the price breaks the lower trend line of the wedge, it may fall towards 0.000000583 USDT or lower, confirming the bearish wedge pattern. If the price holds above this, it could consolidate and make another attempt to push upwards to 0.000000886 USDT or even higher towards 0.000000986 USDT. Bullish Scenario: If buying pressure increases and the price breaks above the upper resistance (around 0.000000886 USDT), the next target would be 0.000000986 USDT, which could trigger a more significant uptrend, invalidating the wedge pattern. Bearish Scenario: A confirmed breakdown from the wedge could lead the price toward the 0.000000583 USDT level, with a possible deeper correction if this level doesn't hold.
Long
by elfabiiani
BTC/USD 4H Short Trade Setup: Anticipating a Momentum ShiftThe trade seems to be based on a potential rejection or weakness in the current price action, with targets likely set to take advantage of a downward movhart setup: Analysis: 1. Entry Point: The trade might have been triggered around the current price level, where the market shows signs of stalling or reversing. 2. Stop-Loss: Placing the stop-loss above the recent highs ensures protection against a false breakout or unexpected upward movement. 3. Take-Profit: The take-profit targets could be set at key support levels or based on Fibonacci retracement levels, considering the recent price action. 4. Risk Management: As always, managing risk properly is crucial, so partial profits can be taken along the way, and stop-loss levels can be adjusted to secure gains if the price moves in your favor. 5. Market Conditions: We may stay in a range before the anticipated move happens. This is going to be a short trade, aimed at catching some momentum for the start of the week. I might close it early depending on how the momentum develops, so it’s important to stay flexible and adapt to the market conditions. This trade anticipates a possible range-bound movement before a momentum-driven shift occurs. Given the nature of the setup, it may be a brief trade aimed at capturing the initial momentum of the week. The position might be closed early, depending on how the momentum unfolds. Stay vigilant and be ready to adjust based on market conditions. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
BShort
by AR33_
1
Trading Idea: Dogecoin Support Level StrategyCurrent Support Level: Dogecoin (DOGE) has reached a key support level. Bounce Scenario: If the price holds this support, we could see a bounce from here, offering a potential long entry opportunity. Breakdown Scenario: However, if the price breaks below this support, it could signal further downside, with the next target being the next support level. Confirmation: Wait for a clear bounce or breakdown confirmation before entering. A strong bounce would suggest upward momentum, while a close below the support with increased selling pressure would confirm the breakdown. Risk Management: If entering on a bounce, place a stop-loss just below the support. If entering on a breakdown, place a stop-loss slightly above the broken support level to manage risk.
by WaveRiders2