Scalp
According to the waves analysis we can expect that price rise again to the green zone.
This is my personal opinion and is not an offer to buy or sell, please act according to your trading plan
follow me for more ideas
SONUSDT trade ideas
$SOUNIUSDT 🟢🔔 Signal: BUY
Asset: $SOUNIUSDT
📈 Technical Analysis:
$SOUNIUSDT is indicating a strong BUY signal as it initiates an uptrend, touching the moving average and confirming bullish momentum.
📊 Trade Details:
Entry Point: Current market level (Touching the moving average to start the uptrend) "≈0.00034"
Target 1: 0.00065
Target 2: 0.00090
📈 Trade Analysis:
The uptrend initiation, marked by touching the moving average, signals a robust bullish sentiment for $SOUNIUSDT. The potential for further gains is significant. Targets of 0.00065 and 0.00090 present attractive profit opportunities as the bullish momentum unfolds.
💡 Risk Management:
- Only use 5%-10% of your capital for this trade to mitigate risks.
- Avoid going ALL IN on trades, even if you're confident they will succeed.
- Do not invest your full capital; it's important to diversify and manage risk exposure.
- Consider setting a stop-loss at an appropriate level to protect your investment by regularly monitoring and adjusting levels as needed.
- Successful trading requires patience. Allow the trade to develop and avoid impulsive decisions.
🔄 Additional Buy Zone:
- Be prepared to identify and utilize another buy zone if market conditions require it. Flexibility is key in adapting to changing trends.
⚠️ Spot Trading vs. Futures:
- Spot trading is a safer and more controlled approach, allowing for better risk management compared to the higher volatility and speculative nature of futures trading.
- Exercise caution and consider the potential risks associated with leveraged instruments.
🚨 Disclaimer:
Trading involves risks, and past performance does not guarantee future results. Exercise caution and conduct your research before making any financial decisions.
SON/USDT Moving up on DailySON/USDT has what could be a cup and handle on the daily.
Has given a lot back since initial pump on KuCoin.
This coin has had some amazing wicks that pumped up to 30% - would be great to catch one of those with a trailing take profit.
I break down the chart to 15m candles and maybe see a good trade that could work perfect for a tailing take profit that catches a crazy wick pump.
This is a high ricks trade. Not financial advice.
