POPCATUSDT trade ideas
Popcat bullish scenarioPopcat price has come back to lower trend.
However looking at the upper trend, we can see what looks like an expanding wedge.
Looking at a couple of swing options here.
1st more a scalp with invalidation below recent low around 3.9
2nd a swing option with invalidation below 2.5
Use your risk management.
Potentially wait for price to come down further ... it may not.
Upside is massive, assuming the whole structure is the 1st of 3 waves.
POPCAT/USDT: Accumulation Zone + Fibonacci Targets SetupCurrent: $0.5733 (-3.87%)
Technical Analysis: 📈
- Current downtrend channel ending
- Fibonacci levels plotted:
* 0.236 at $1.75
* 0.382 at $1.50
* 0.5 at $1.32
- Projection shows potential reversal
Trade Setup:
- Entry zone: $0.55-0.60
- Primary target: $1.32 (0.5 Fib)
- Secondary target: $1.50 (0.382 Fib)
- Stop loss: Below $0.48
- R:R = 1:3
Key Points:
- Channel breakdown complete
- Accumulation signals appearing
- Volume pickup needed for confirmation
DYOR - Not financial advice. High-risk altcoin - trade with caution and proper position sizing.
The catcoin supercycleCats have never historically matched dogs in market cap in crypto. It seems very likely that this will be the first cycle where cats will come close to it. Short term it seems everyone is bullish on trump inauguration day and that is certainly a crowded trade, but long term, not enough people have conviction to hold memes with size which makes that not a crowded trade. Crypto has largely (not entirely) been speculation since day one and memes are the ultimate form of the speculative spirit of this industry. Memes gud. Up only. Good luck :)
POPCAT - Trend reversal, good oportunity for buy POPCAT the meme, pushed by the meme narrative is showing signs of trend reversal after testing the lower band of the channel. RSI <30 MACD on daily showing signs of uptrend. Very low risk to reward ratio. From an eliot perspectibne the TA is supported.
POPCAT - LONG - Good opportunityPOPCAT is now ready to give us a chance. Despite being a little late it is still in a good place for daily timeframe. This is a risky trade because the stop loss is tight; you can use an extended stop (SL 2 or SL 3), i will move it if I see a lot volatility. These currencies are also very volatile and high leverage should not be used.
TP 1: 1.15
TP 2: 1.25
TP 3: 1.55
SL 1: 0.7099 (risky)
SL 2: 0.68 (good)
SL 3: 0.62 (best)
POPCAT/USDT- Potential Bullish Breakout Hello Traders, 👋
Let's take a deep dive into the POPCAT/USDT chart and discuss its current price action and potential targets.
Ascending Trendline Support:
The price is currently respecting an ascending trendline, indicating a bullish structure in the longer time frame.
Strong Horizontal Support:
At 1.0021, we can see a critical horizontal support zone that has acted as a pivot in the past. If this level holds, we might see a bullish continuation.
Consolidation Zone (Purple Box):
The price is moving within a consolidation zone, indicating an accumulation phase. A breakout above this zone could act as a catalyst for the next bullish wave.
Potential Target:
Based on the Fibonacci extensions and historical resistance levels, the first target sits around 1.9779, and the second target is at 2.8050.
Suggested Article for TradingView
Title: POPCAT/USDT - Potential Bullish Breakout 🚀
Hello Traders, 👋
Let's take a deep dive into the POPCAT/USDT chart and discuss its current price action and potential targets.
Key Observations:
Ascending Trendline Support:
The price is currently respecting an ascending trendline, indicating a bullish structure in the longer time frame.
Strong Horizontal Support:
At 1.0021, we can see a critical horizontal support zone that has acted as a pivot in the past. If this level holds, we might see a bullish continuation.
Consolidation Zone (Purple Box):
The price is moving within a consolidation zone, indicating an accumulation phase. A breakout above this zone could act as a catalyst for the next bullish wave.
Potential Target:
Based on the Fibonacci extensions and historical resistance levels, the first target sits around 1.9779, and the second target is at 2.8050.
Strategy:
Bullish Scenario:
If the price breaks above the consolidation zone with strong volume, we could see a rally toward the first target.
Bearish Scenario:
A breakdown below the ascending trendline and the key support at 1.0021 could invalidate this setup and push the price lower.
Risk Management:
Always use a stop-loss to protect your capital. For this setup, placing a stop-loss slightly below the 0.8500 level would be a cautious approach.
POPCAT/USDTKey Level Zone : 0.9050-0.9200
HMT v3.1 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
Important Note :
Role of Key Levels:
- These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns.
- Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa).
My Trading Rules
Risk Management
- Maximum risk per trade: 2.5%.
- Leverage: 5x.
Exit Strategy
Profit-Taking:
- Sell at least 70% on the 3rd wave up (LTF Wave 5).
- Typically, sell 50% during a high-volume spike.
- Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio.
- If the market shows signs of losing momentum or divergence, ill will exit at breakeven.
The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
Sharing this with love!
HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
HMT v3.0:
- Added liquidity factor to enhance trend continuation
- Improved potential for momentum-based plays
- Increased winning probability by reducing entries during peaks
HMT v3.1:
- Enhanced entry confirmation for improved reward-to-risk ratios
POPCAT honestly this token to me is foggy, dont know why and even why i have been watching it, still i miss something about it, but i would say that knowing that we are in a good trend of the market, for the next 3-4 days it must perform this way.
please the publications i do are my personal view and are not financial advices.
(Update) !!! Daily Chart Analysis (READ)If the price can hold the support line, it could rise to the 0.618 Fibonacci line.
previous analysis
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
(Update) !!! Daily Chart Analysis (READ)POPCAT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .
Previous Analysis
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!