📊#CYBER is in a short trend, be cautious on long positions⚠️➡️Generally speaking, new currencies have a short-term popularity effect. Most of the whales of this coin have chosen to take profits and leave the market. They are currently in a short structure and have been continuing the short trend. The nearest support area is around $4.
🧠If you want to go long, you need to observe the formation of a long structure👀
⚠️Don’t forget risk management⚠️
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CYBERUSDT trade ideas
CYBER About to breakoutCYBER is ready for another big move if BTC allow... CYBER creating symmetric triangle on 4hrs time frame and is about to breakout to the upside to fill the imbalance above for bearish retest... I will advice to take a long with the breakout or wait for 1hr bullish order block to be mitigate at 4.95 and take a long from there
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cyber will drop moreAfter the downtrend CH has had, it has entered a downward trend and then we have seen BOS
Continuously we can observe HL and LHs.
Also, the price is below a dynamic resistance.
It is now on a support that I expect to break to the downside.
Eventually I expect to reach the green area.
Ispecified the invalidation level that closing a 4-hour candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
CyberUsdt pair has made its first HigherHigh since 1.09.2023That new coin has exprienced a good run in Agust and since September it has been in a correction.
Yesterday it had the first HH since the correction has started at 1 Sep 23.
At that point i assume that correction has ended or very near to end.
Target are on the chart pls move the chart to the right , left and zoom in and out to see all of my notations.
5.20-5.25 level tried to turn into a support but failed 2 times by traders. This time it should be in order to assume that a correction of the downtrend has been started. Otherwise at least Cyber must not close a 2hr candle under 4.85 which is the latest HL close. If so we can assume that more bearish movement is coming.
If Cyber can stay above 5 to 5.15 for at least 6 2hr candles than uptrend should start and retest the 6 dollars level
Succesiful break above 6 dollars can surge to 6.56 level which is a strong resistance in my opinion.
I dont expect it to go higher than 8 to 8.5 before BTC halving because as i said this is just a correction of the latest 3 weeks old downtrend.
I dont say downtrend is over but i say that we have a sign that it is maybe close to the end.
On the other hand if downTrend has just paused for a while then we can expect it to go lower around 4.4 and 3.7 and 3 dollar.
CYBERUSDT LONG / SHORT PLANPrevious Trade Recap:
- I had previously gone long, taking profits partially between the ranges of 5.30 - 5.50.
- Some of the profits I earned were lost in a dump around the wick at 4.70, which was my stop level.
Current Observations and Scenarios:
- I have created both long and short plans at different scales based on significant areas and potential scenarios I anticipate.
- I find value in Cyber not only for short-term trades but also as a long-term investment. However, since it hasn't experienced a serious downtrend yet, it's challenging to estimate the bottom price. Thus, I'm making regular purchases at specific intervals to accumulate.
Potential Trade Setups:
1. Pullback to 5.18:
- If this level acts as resistance, I'm considering going short with a target of 4.7.
- If it shows support, I would wait for it to break 5.30 before making any trading decisions.
2. Revisiting 4.70 Levels:
- If we see the 4.70 levels again, I'll be looking for a long position setup.
Conclusion:
In my trading approach with Cyber, while I’m proactively looking for short-term opportunities, I am also tactically positioning for the long term. Constant evaluation of key levels and adapting my trade plan accordingly is crucial to manage both the potential risks and rewards.
CYBER has bearish signs!
🎗#CYBER/USDT 🎗
SHORT
Leverage: (10.0X)
Entry Targets:
1) 5.14
2) 5.18
Take Profit Targets:
1) 5.02
2) 4.88
3) 4.76
4) 4.63
5) 4.48
6) 4.24
7) 4.04
8) 3.83
Stop Targets:
1) 5.88
🟡Chart is speaking it self!
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Thank you for seeing idea .
Have a nice day and Good luck
🔴This is only an idea and not a financial advise ( NFA )🔴
Good entry pointFrom a technical analysis point of view, this trade looks to be promising now. From the previous resistance line around $5.50 that has looked to turn into a support line for the upcoming move up. A short stop loss can be placed underneath this short-term support in case this turns out to be a fake breakout.
Down 65% and primed for a jumpNot a lot of trading history and a lot of hype in the crypto space usually signals a large pump. In at the bottom and waiting for a large increase past previous highs.
Would not be out of the ordinary for this to go 300%+. As always trade carefully and dont invest more than you can afford to lose.
Downside around 1-2$ but upside at 15$+!
Cyber Finished Fake Pump. Now SellHere is My Study On Cyber
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This Is Not A Finacial Advise