BLOKUSDT trade ideas
Last stop!Unfortunately due to technical problems I was unable to enter at 0.06 just where I thought it might bounce, I hope Blok will give me a second chance.
I put the graph on a TF of 4h to try to understand if Blok can retrace within this Flag to retouch the lower bar which would rest on the MA from 22 and a nice support at the price of 0.08.
I think we can lateralize a couple of days later by consolidating the price between 0.085 / 0.095 where it will be tested by yet another hard to break resistance as it has been tested multiple times by gaining strength.
After this phase, I believe that BLOK returns to its previous highs and this price will no longer be retested.
I think it is the last tram stop at a price below 0.10.
Luck has it that at a price of 0.10 cents a very visible head and shoulders would be created which would further consolidate the idea of a powerful "Glitch" style Breakout at 0.10 cents.
What do you think?
BLOKUSDT Technical Analysis
⏳ Spot
💎 BLOKUSDT has formed a descending channel but after several rejections from the resistance the price has formed a flag under the resistance. After the breakout we will see a pump
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 0.085390 to 0.071849
☕️ TP1 0.100136
🍺 TP2 0.136297
🍻 TP3 0.165459
🍾 TP4 0.201620
🍷 TP5 0.230000
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.071849 to 0.056393
Good Luck 🎲
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BLOK IS LOCKED AND READY TO GO.. (MY OPINION)BLOK is trading well. That chart still looks extremely bullish. I believe the only thing that could set it behind would be bad news to the general market. At that point, it would go down and tag the .0786. Please know that as we go into the end of NOV, we have not had the normal NOV dip that trends on that charts. I hope everyone is trading well, and I'm looking forward to this one taking off since I just bought some myself at .085 and .083. Be safe and trade safely.
BLOKUSDT Daily S/R| Price Action| Trend| Range Evening Traders,
Today’s analysis – BLOKUSDT – trading above a key Daily S/R level where a bullish retest of support is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
(.618 Fibonacci Confluenc)
- Volume Influx
BLOKUSDT’s immediate price action is trading above Daily S/R Support, holding this level on a retest allows for a bullish bias.
The level has technical confluence with the .618 Fibonacci, allowing for a bullish bias.
The current volume profile has an influx, follow through is necessary for continuation.
Overall, in my opinion, BLOKUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore