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BTCUSDT to bounce from 4h support towards weekly resistance
BTCUSD
, 240
Long
BTCUSD: BTCUSDT to bounce from 4h support towards weekly resistance

Here is the next trade setup for long. The price is likely to dip into 4h support zone deeper, but we will keep building position as the price dips further into the zone. Target is first 4h resistance 4HR1 then daily resistance DR1 and then weekly resistance WR1. We will evaluate the price action as it will reach these resistance milestones. There are retracement...

BTCUSDT at daily support, likely to bounce towards 103500
BTCUSDT.P
, 60
Long
BTCUSDT.P: BTCUSDT at daily support, likely to bounce towards 103500

The price has come down to daily support DS1. There is a likelihood that the price will find support here and will bounce. A long trade is favorable here from probability point of view. The target of this trade should be around 103.5k. There we have a resistance and the price may face struggle to cross that region and eventually retrace from there.

BTCUSDT at daily support, likely to head up towards 65k
BTCUSDT.P
, 240
Long
BTCUSDT.P: BTCUSDT at daily support, likely to head up towards 65k

Here is a long idea on smaller time frame. The price is again at daily support from where it has bounced last time. I expect the price to bounce again from here towards daily resistance DR1. Therefore, a long trade setup is favorable here. Let us see how the price moves in coming hours. Let me know what you think about this trade idea.

BTCUSDT at weekly support, likely to head up to 106000
BTCUSDT
, 1W
Long
BTCUSDT: BTCUSDT at weekly support, likely to head up to 106000

The price had rallied well from the low it has made in the beginning of july 2024. But the weekly resistance WR1 stopped that rally again and the price has pulled back since then. This retracement has now reached a confluence of dailys support DS1 and weekly support WS1. There is a chance that the price reverses from here but the possibility of dipping it further...

RSRUSDT bouncing from monthly support
RSRUSDT
, 1W
Long
RSRUSDT: RSRUSDT bouncing from monthly support

The price shot up beyond monthly resistance MR1 only to come back down and retest it again where it was rejected and sent back down towards monthly resistance MS1. The price has bounced from MS1 after hitting it and weekly resistance is causing the price to pullback on this bounce. The price might still dip into MS1 before a stronger bounce in case this current...

ZRXUSDT bouncing from monthly support, likely to head higher
ZRXUSDT
, 1W
Long
ZRXUSDT: ZRXUSDT bouncing from monthly support, likely to head higher

The story of ZRXUSDT is similar to many other assets where the price started rallying at the beginning of the last quarter of 2023 and the rally continued till the end of first quarter of 2024. Since then the price has been downtrending. The rally started from monthly support MS2 and reached till monthly resistance MR2. Now it has reached monthly support MS1...

MNWUSDT at monthly support, likely to bounce soon
MNWUSDT
, 1W
Long
MNWUSDT: MNWUSDT at monthly support, likely to bounce soon

The price has been trending down since it was rejected from monthly resistanced MR2. Now it is approaching monthly support MS1. This is the zone where the price had last reversed and rallied strongly. I believe as the price approaches this zone, it is likely that the price will again bounce from there and start reverse journey to the upside. The price may still...

DIONEUSDT at weekly support, likely to bounce and head to 0.012
DIONEUSDT
, 1W
Long
DIONEUSDT: DIONEUSDT at weekly support, likely to bounce and head to 0.012

The price has hit the weekly support WS1. It is likely that the price will bounce from here towards weekly resistance WR1. This has good run since beginning of the last year resulting into 50x gains. But since the start of the second quarter of 2024, it is correction mode. And now it has dropped significantly from the high it has made still being lots up from the...

CWARUSDT at monthly support, likely to bounce and head upward
CWARUSDT
, 1W
Long
CWARUSDT: CWARUSDT at monthly support, likely to bounce and head upward

This one is an interesting case. The price rallied strongly after the low it made at the beginning of last quarter of 2023. However, the rally was stopped by monthly resistance MR1. Although after getting rejected from that MR1 zone, the price again made an attempt to go beyond that resistance but failed to do so. That resulted in the price to continue its...

NXRAUSDT to head up towards around 0.14 zone
NXRAUSDT
, 1W
Long
NXRAUSDT: NXRAUSDT to head up towards around 0.14 zone

The price has bounced well from weekly support WS1. It has been on a downward journey since it hit ATH after having a good run from last quarter of 2023 till end of first quarter of 2024. But that downward journey has been interrupted by WS1 and the price found support there and has reversed from there. The strength on this move up has been impressive and this...

DAGUSDT at monthly support, likely to move up towards 0.20
DAGUSDT
, 1W
Long
DAGUSDT: DAGUSDT at monthly support, likely to move up towards 0.20

The price had bounced from monthly support MS1 last year and went up till monthly resistance MR1. From there it has been on decline since march 2024. Now the price has approached monthly support MS1 again. This facilitates the bounce of the price from this support. That means it is likely that the price will reverse from here and will start its upward journey...

VRAUSDT at monthly support, likely to head higher
VRAUSDT
, 1W
Long
VRAUSDT: VRAUSDT at monthly support, likely to head higher

The price has once again come back to monthly support MS1 zone. It has bounce since then and currently trading between MS1 and WR1. The price is likely to head towards WR1 in coming weeks. However, it is likely to be rejected from there at first and the price will pull back there before resuming its upward move. On this next upward move, it is likely to breaj this...

INJUSDT at weekly resistance, likely to pullback before rise
INJUSDT
, 1W
INJUSDT: INJUSDT at weekly resistance, likely to pullback before rise

We talked in dec 2023 about a good entry from WS1 if we get that while we were trading around ATH. The price did pull back after pushing a bit higher from there in march 2024 and came back to weekly support WS1 in following months. This support provided a good bounce as we can see and the price is currently trading significantly above from that support level....

BAXUSDT to head down towards monthly support before bounce
BAXUSDT
, 1W
Long
BAXUSDT: BAXUSDT to head down towards monthly support before bounce

The price has been downtrend since it peaked during jan 2023 run. We saw some bounces from weekly support levels on the way down. Now the price is approaching towards monthly support MS1. This is a crucial level for the price and it is likely to hold the price and allow it to reverse. This monthly support level is a good level to go long on this one. It is likely...

TAOUSDT at monthly resistance, resume upward after some retrace
TAOUSDT
, 1W
Long
TAOUSDT: TAOUSDT at monthly resistance, resume upward after some retrace

The price has bounced from the weekly/monthly support after experiencing a downturn from the peak in march 2024. The support provided a good bounce and the price is now hitting monthly resistance level MR1 from where the price has pulled back and currently trading under that resistance. What I see in the coming week is that the price will retrace further down...

BTCUSDT at 4h resistance and likely to head to 62500
BTCUSDT.P
, 240
Short
BTCUSDT.P: BTCUSDT at 4h resistance and likely to head to 62500

Here is a new trade idea which is a short trade. The price has hit 4HR1 and it is likely to get rejected from there and head again towards DS1 and a bit lower. Lets see how the price action develops. Let me know what you think about this trade.

BTCUSDT at daily support, likely to head to 66300
BTCUSDT.P
, 240
Long
BTCUSDT.P: BTCUSDT at daily support, likely to head to 66300
Updated 

The price retraced to daily support DS1 after getting rejected from weekly resistance WR1. Weekly resistance was supposed to push price down, specially after that level being a strong zone for liquidity. However, the daily support is a good zone for the support. The price may trade here for a while but I believe the price will bounce here at least towards 4HR1....

BTCUSDT at 4h support, likely to head towards 70k
BTCUSDT.P
, 240
Long
BTCUSDT.P: BTCUSDT at 4h support, likely to head towards 70k
Updated 

Here is a trade idea on BTCUSDT. The price has moved well from the low it had made a couple of weeks back. It has shown strength while moving up and now facing some struggle at the daily resistance and currently resting on 4h support. The price is likely to bounce from this support and head towards weekly resistance WR1 which is around 70k. Therefore, lets take...

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