Sober_Trading

Sober_Trading

Don't rush! Read the description first. There is a couple of technical and price action supports at this level. If the reversal signs appear, we will buy at these levels. Please don't rush to buy; it could be a pullback, and the price could go deeper. Remember, the reversal signs and patterns could be in the 1H time frame.

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AVAX shows a couple of price action falling signals. We have two lower lows and a lower high, and the support zone has broken on the 15m time frame. You can short it at these prices to the next support zone and manage your position on that level.

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Buyers are weak now and couldn't push the price to cross the supply zone ($22K - $23K). Attempts to cross the previous high failed. All price action data shows that it's hard to break this resistance zone, and probably we will have a trading range between these two tension levels.

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We have an inverse head and shoulders pattern on most coins' price charts. Some of them are at the beginning of the pattern, like BTC, and few have completed the pattern and reached the target, such as MATIC. Do you think this classic pattern will work on all charts? I don't think so. That's a little hard, and there isn't enough money to make the market bullish...

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Pay attention to these two candles. It could change the trend and make the price bearish like it did last time. When the market attempts to go bullish, but whales don't support the trend, we will have the strong bullish candle and a Doji candle after it. On the other hand, this candle is more likely to be an exhaustion gap than a real bullish candle.

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BTC price decreased about 35% in the 36 days (May 12 - Jun 18), while ADA price didn't change significantly and increased a bit. Also, the $0.4 resistance works well on ADA and can push the price. It seems to be a perfect opportunity to buy ADA. When the market goes bullish, ADA could rise more than BTC and other altcoins.

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There is a high possibility of a trading range at these prices, and with this breakout, we can have a short bear trending to the bottom of the trading range. So use the opportunities at the top and bottom and make a profit.

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After the BTC price fell to $26K, we had a trading range for a month, and last week the price broke out of the demand zone and decreased to $18K. We must know that this is a second leg; if the price goes deeper, it could be reduced as much as the first leg. So the target could be $16.5K. Additionally, a strong trend line and static support zone in a weekly chart...

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The price didn't rise significantly on the last try. On the other hand, all three rises are so emotional because of their rising speed. There is not enough demand to push the price up.

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Remember, if the BTC price breaks down this demand zone, the price will go deeper. On this chart, we are searching for the short positions, but don't rush; not yet

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Price action shows us sol can rise more than BTC in the next couple of hours.

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As you see in the 4H time frame chart, the price broke out of the first tension zone, and now it'll go to the next level.

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If the entry price crosses, the short order will be activated. And if the price doesn't reach the entry price till 3 next hours, we will cancel this order.

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We can see a good position in the 4H time frame by price action analysis. So if the price reaches the entry price, there is a good position.

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After this price drop, we have a well-react candlestick on 15M and 1H timeframes; the price can rise in the next couple of hours.

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On the daily and 4H timeframe, there is a weakness for the bearish trend and we have a double bottom in the 1H timeframe, So we can trust it and take a long position.

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After Instagram hacks (Bored Ape Instagram page) and after the trending growth, Now is the time for a correction. RSI divergence and rising wedge confirm it.

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Magic lines and zones. As I told you, we have a good support zone at these prices, and no need to panic. Does anybody take long with us?