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FLOKIUSDT | Another Small Correction Downside?🐶📉 Market Context Are we on the verge of another downside correction for FLOKIUSDT? It certainly looks possible! Strategy Friday saw a strong move down, and we usually fill those wicks sooner or later. Given this pattern, we could see FLOKIUSDT dip a few more pips. This setup presents a quick 1.5:1 risk-reward trade—an exciting opportunity to capitalize on the market's momentum! Let’s dive in and see how it plays out—stay tuned!
BYBIT:1000FLOKIUSDT.PShort
by minno91
KASPA: Pullback in UptrendTrade setup : Following a breakout from Falling Wedge pattern and above 200-day moving average, price signaled resumption of Uptrend. However, it reached $0.19 resistance where it got rejected in February and was also very overbought (RSI > 80), and pulled back on profit taking. This is almost identical situation to that in February. We would be buyers on pullbacks near $0.15 support area for another swing trade entry with +25% upside potential back to $0.19. Stop Loss (SL) at $0.138. If price breaks above it's ATH of $0.1.94, the next possible resistance levels (price targets) based on Fibonacci Extensions are: $0.207 (61.80%), $0.223 (78.60%), $0.243 (100%) and $0.30 (161.80%). Pattern : Pullback in Uptrend . Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3. Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.15, then $0.13. Nearest Resistance Zone is $0.194, then $0.24.
Long
by altFINS
STX Long Trade SetupCurrent Situation: Trend: STX has been in a downtrend since April 2nd but recently experienced a change of character (CHOC) after retesting the 0.618 Fibonacci level. 200-day EMA: This is an important level to watch, marked by the red line on the chart. Trade Strategy: Entry Criteria: Support Confirmation: Watch the price action around the 200-day EMA to confirm it flips from resistance to support. Entry Point: Enter a long position at $2. Take Profit Targets: Primary Target: $2.50 Secondary Target: $3.00 Stop Loss: Set a stop loss at a daily close below $1.80 to manage risk. Summary: For STX, after experiencing a change of character and forming a higher high, look for a higher low in the discovery phase. Enter a long position at $2, targeting $2.50 and $3.00 for profits. Watch the 200-day EMA for support confirmation and set a stop loss at a daily close below $1.80 to limit potential losses.
Long
by Richtv_official
AVAX Long Trade SetupCurrent Situation: Price Level: AVAX is trading around the 0.618 Fibonacci retracement level, a critical support area. Bullish Bias: Holding above $29 is crucial to maintain a bullish outlook. Losing this level would suggest a return to bearish conditions. Trade Strategy: Entry Criteria: Deviation and Reclaim: Wait for the price to deviate below the support and then reclaim it by breaking the trend. Change of Character: Alternatively, wait for the price to form higher highs and enter on the subsequent higher low. Entry Point: Enter a long position between $31 to $33. Take Profit Targets: Primary Target: $42 Secondary Target: $50 Stop Loss: Set a stop loss at a daily close below $29 to manage risk. Summary: For AVAX, maintaining the 0.618 Fibonacci retracement level is essential for a bullish outlook. Enter a long position between $31 to $33 if the price reclaims support or shows a change in character. Set take profit targets at $42 and $50, and place a stop loss at a daily close below $29 to limit potential losses.
Long
by Richtv_official
PEOPLE/USDT Ready to Breach the Channel Downward | Key MomentYello, Paradisers! Have you been keeping an eye on #PEOPLEUSDT? If not, you might want to pay attention now. Let's analyze the PEOPLE Movement: 💎#PEOPLEUSDT has been navigating an ascending channel and is now retesting the channel's lower support. The volume is diminishing, and the broader market sentiment supports the likelihood of a correction. Here's what you need to know: 💎Support Test at $0.111: The asset is at a crucial support level of $0.111. The reaction here will be pivotal. If #PEOPLE breaks this support, it could head towards a lower demand level as highlighted in our chart. 💎Potential Breakdown: There's a high probability that SEED_DONKEYDAN_MARKET_CAP:PEOPLE will break through this support, propelled by diminishing volume and macro market trends. This move would confirm a downward trend within the ascending channel. Alternative Scenarios: 💎If PEOPLE manages to stay above $0.111, it might retest the ascending channel's upper resistance. This resistance test could either push the price downward again or lead to a continuation of the upward trend if breached. 💎If PEOPLE keeps rising and breaks the ascending resistance, it would invalidate the current correction outlook and signal a potential bullish phase. Stay vigilant, Paradisers! This is a crucial moment for PEOPLEUSDT. Your trading decisions at this point could significantly impact your profitability. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
5
UNI: Pullback in UptrendTrade setup : Following a bullish breakout from Channel Down pattern , price broke above 200-day MA, which signaled resumption of uptrend. Price rallied +50% to $12.00 and now it pulled back to $10.00 support zone, which could be an attractive swing trade entry in Uptrend with +20% upside back to $12.00. Stop Loss at $9.25, below the prior swing low. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions. Pattern : Pullback in Uptrend . Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3. Trend : Short-term trend is Down, Medium-term trend is Strong Up and Long-term trend is Up. Momentum is Bearish (MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $8.00. Nearest Resistance Zone is $12.00, then $17.00.
Long
by altFINS
FTMUSDT Poised for a Rebound or a Breakdown? Key Levels to WatchYello! Do you feel the tension building up in the FTMUSDT market? Let’s dive into the current setup and see what might unfold next. 💎 FTM is currently moving within a descending channel pattern, eyeing a potential move towards the Bullish Order Block (OB) area. If the price action forms a bullish candle rejection here, it could signal a rebound. We might then see a test of the resistance level at $0.771. This level is crucial; a successful breakout above it could trigger bullish momentum, possibly leading to a significant upward movement. Key Levels to Watch: - Resistance Area: $0.771: A breakout here could pave the way for further gains. - Bullish OB Area: $0.64: Watch for bullish candle rejections as a sign of potential rebound. - Demand Area: $0.55 - $0.482: Historically, this zone has shown strong buyer pressure. A return to this zone could see similar buying interest. 💎 However, if FTM fails to show strength in the Bullish OB area around $0.64, it might signal further declines. The price could then head towards the Demand area between $0.55 and $0.482. 💎 This zone has previously exhibited strong buying interest, often marked by candle wicks indicating buyer pressure. Should FTM return to this zone, a rebound is possible, pushing the price back towards our target areas. Potential Scenarios: - Bullish Scenario: A strong rebound from the Bullish OB area leading to a test and potential breakout of the $0.771 resistance. - Bearish Scenario: A failure to show positive signs at the $0.64 level, leading to a move towards the Demand area. If the price fails to rebound here and instead goes sideways with low volume, it could break this area, invalidating the bullish outlook and leading to further declines. Stay alert, Paradisers. The next moves in FTMUSDT could present both opportunities and risks. 🎖If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. Trade smart and stay disciplined!
Long
by MyCryptoParadise_Nathan
1
KASPA: Pullback in UptrendTrade setup : Following a breakout from Falling Wedge pattern and above 200-day moving average, price signaled resumption of Uptrend. However, it reached $0.19 resistance where it got rejected in February and was also very overbought (RSI > 80), and pulled back on profit taking. This is almost identical situation to that in February. We would be buyers on pullbacks near $0.15 support area for another swing trade entry with +25% upside potential back to $0.19. Stop Loss (SL) at $0.138. Pattern : Pullback in Uptrend . Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.15, then $0.13. Nearest Resistance Zone is $0.19.
Long
by altFINS
IDEXUSDT | Trade Analysis🚀 Time for another breakout trade with IDEXUSDT! 8-Hour Timeframe We’ve seen a fantastic breakout of the previous high with significant volume on the 8-hour chart. Staying above the 50 EMA adds to the bullish sentiment. Daily Timeframe The daily chart isn't as strong, but we're still holding on to resistance from the previous day, showing potential for an upward move. Weekly Timeframe On the weekly chart, we closed above our S/R level and are trading above the 50 EMA—both bullish indicators. Monthly and 3-Month Timeframes The monthly candle closed with a top wick, but the 3-month candle looks much more promising, adding to the optimistic outlook. Market Sentiment and Entry The market sentiment is quite bullish right now. We’ve got an 8-hour engulfing candle as our entry signal, setting up a promising trade. I'm bullish on this setup with a decent 1.5:1 risk-reward ratio. Let's see how this plays out!
Long
by minno91
STRKUSDT | Change in Trend?Is this the bottom? STRKUSDT is showing a potentially game-changing head and shoulders pattern, and we've just seen an impressive 8H candle bounce off the resistance level! Trade Setup This setup looks incredibly promising, with the target price of 1.8 aligning perfectly with the head and shoulders pattern target. With a solid 3:1 risk-reward ratio, this trade is shaping up to be a fantastic opportunity. Could this be the trend reversal we've been waiting for? Let's see how it plays out!
Long
by minno91
BEERUSDT | Another Bullish Scenario 🍻 Market Context Another bullish setup brewing today before the NY session kicks in! Yesterday, I missed the trend with TAIKO, but today I'm feeling much more confident with BEERUSDT—after all, who doesn’t like beer? 😜 Trade Setup Similar to yesterday's scenario, but today we have more confirmation on higher timeframes, making this setup even more enticing. Strategy The target price (TP) will be set later, depending on the price action’s push up or down. Stay tuned for updates! Let’s raise a glass and see how this trade plays out!
1Long
by minno91
BLZ/USDT Will BLZ Conquer the $0.296 Barrier? Watch Now!💎 Paradisers, BLZ is currently challenging a crucial supply area, previously a strong demand zone, which could set the stage for bullish momentum. 💎 A successful breakout above the $0.296 mark could pave the way for BLZ to overcome the descending resistance line, potentially leading to significant upward movement toward our target resistance area. 💎 If BLZ fails to surpass the supply area and faces a firm rejection, it might retreat to the lower demand zone around $0.25. This could be a pivotal point for BLZ to regroup and attempt another push towards the supply area. 💎 The crucial moment comes when BLZ tests the demand area. The price needs to bounce from this point to maintain a bullish outlook and make another attempt to break through the supply barrier. 💎 However, a concerning sign would be if BLZ fails to hold the demand area and breaks below it. A more definitive bearish signal would be if BLZ closes a daily candle below the key support area, indicating potential for further declines. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
POLYX/USDT Has Successfully Broken out of Symmetrical Triangle💎#POLYXUSDT has successfully broken out from a Symmetrical Triangle, positioning it for a potential bullish rally. Currently, with robust momentum at the $0.40 support, there's a high probability for #POLYX to challenge and potentially overcome the resistance level ahead. 💎However, if #Polymesh cannot sustain this momentum and dips below the $0.40 mark, we might see a reversal into a bearish trend. The next critical demand zone at $0.354, renowned for its liquidity and historical upward movements, will be the area to watch. 💎In contrast, if $POLYX revisit this demand zone, it's imperative for the price to achieve a rebound to uphold its support structure. Failure to do so could heighten bearish pressures, worsen market sentiment, and perhaps trigger additional declines in its price. 💎Stay focused and adaptable, Paradisers. Your ParadiseTeam is diligently monitoring the market and ready to guide you through any shifts in the dynamics of #Polymesh. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
KNC: Resistance BreakoutTrade setup : Trends are mixed. Following a Falling Wedge pattern, price has also broken above $0.70 resistance and 200-day moving average to signal a bullish trend reversal, with +25% upside potential to $0.90 next. Stop Loss (SL) level at $0.62 (prior swing low). Pattern : Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Down. Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.55, then $0.45. Nearest Resistance Zone is $0.90.
Long
by altFINS
PEPE: Pullback in UptrendTrade setup : Price is in an Uptrend. Following a bullish breakout from Channel Up, price reached resistance at $0.000017, where it got rejected. Now we look for the right entry opportunity in Uptrend. Pull back near $0.000013 support could be a swing trade entry opportunity in Uptrend with +30% upside potential back to $0.000017. Stop Loss at $0.0000110. If price breaks above it's ATH of $0.0000173, the next possible resistance levels (price targets) based on Fibonacci Extensions are: $0.0000184 (61.80%), $0.0000200 (78.60%), $0.0000215 (100%) and $0.0000266 (161.80%). Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3. Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.000012, then $0.0000092. Nearest Resistance Zone is $0.000015, then $0.0000164.
Long
by altFINS
Live from the crypto cave TeddyTrader! 🖥️ My setup: tracking market moves 24/7. Here’s how it works: 📊 ⬛️ Left Screen: Real-time order flow from a combined chart of three major exchanges to catch big capital moves and clusters of Bid/Ask orders. ⬛️ Center Screen: In-depth on-chain and social analytics to gauge sentiment, activity, and key market behaviors. ⬛️ Right Screen: Advanced charting tools for detailed technical analysis, using specialized indicators and candlestick models to forecast price direction. 🔑 The secret to a reliable price direction analysis at 65% accuracy lies in these tools. Sorry for the photo skills, I’m better at trading! 🤣 Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡
COINBASE:BTCUSD
by TeddyVizion
RNDR Long Trade SetupCurrent Situation: Price Level: RNDR has been trading in a tight range with low volatility, indicated by the narrow Bollinger Band width. Technical Support: The Simple Moving Average (SMA) is acting as support for the price. Bullish Bias: The price structure remains positive, suggesting potential for an upward move. Upcoming Event: Apple’s WWDC on June 10th could be a catalyst for increased volatility, especially if there are mentions of AI, Octane, or Render, which are known to influence RNDR. Trade Strategy: Entry Point: Enter a long position around $9.75. Take Profit Targets: First Target: $11.60 Second Target: $13.80 Stop Loss: Set a stop loss at $9.00 to manage risk. Summary: RNDR is currently in a period of low volatility but is positioned for potential bullish movement, especially with the upcoming Apple WWDC event, which could act as a catalyst. The trade strategy involves entering at $9.75, with profit targets at $11.60 and $13.80. The stop loss is set at $9.00 to limit potential losses.
RLong
by Richtv_official
BONK: Pullback in UptrendTrade setup : Price is in an Uptrend. Following a bullish breakout from Ascending Triangle, price got close to our near-term target of $0.000046 for +50% gain. Price got overbought (RSI > 75) got rejected at that resistance level and pulled back on some profit taking. Pullback to $0.000030 could be an attractive swing trade entry in Uptrend with +20% upside potential back to $0.000037 or +50% to $0.000046. Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3. Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.00003, then $0.00002. Nearest Resistance Zone is $0.000037, then $0.000046.
Long
by altFINS
ENJ/USDT upward momentum from demand? Enjin Analysis💎 Paradisers, #ENJUSDT is showing signs of a probable bullish continuation from its current demand zone. 💎 A bullish confirmation could occur if #ENJ breaks and closes above the supply zone (SZ) level at $0.3201 on a daily chart, signaling a continuation of upward momentum towards our designated supply area. Upon reaching the supply area at $0.4073, slight resistance may be encountered. 💎 Remain calm but alert; if it manages to break above this level and maintain momentum, a significant bullish movement could unfold. Conversely, if #ENJIN encounters strong rejection at the $0.4073 resistance, marked by a bearish candle, a retracement to lower levels might be on the cards, potentially pulling the price back to the SZ at $0.3201. 💎 As #ENJ nears this crucial demand area, it must rebound and persist in its climb to retest the resistance. Considering its history of recovering from key demand levels, there is a strong possibility that it could repeat this pattern and ascend further. 💎 It's vital to maintain vigilance and closely observe #ENJ's price movements. A breakdown below the demand area, confirmed by a daily closure below it, would challenge the bullish scenario and could result in further declines. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
ILVUSDT | False Breakout🚀 ILVUSDT is presenting a fascinating setup! We just witnessed another false breakout on the 4H timeframe, backed by some solid volume. Daily Chart On the daily chart, we’re still in a downtrend. This suggests a potential move down before any significant upward shift. Weekly Chart The weekly chart shows a top wick followed by a bearish candle, signaling a likely move down in the near term. Trade Setup I'm setting my order at the previous 4H high and waiting for the action. This trade could play out dramatically, so stay tuned for what promises to be an exciting journey!
Short
by minno91
2
CHRUSDT | Bull Flag Analysis🚀 Exciting trade opportunity forming on CHRUSDT—you don’t want to miss this one! Market Context BTC is rising, and altcoin season is just around the corner! Daily Chart We saw an amazing breakout on the daily chart with a strong green candle. This signals robust bullish momentum. 2-Hour Timeframe We're currently in a small retest phase. On the 2-hour chart, we've broken the previous high and are retesting it immediately. This is a classic sign of an upcoming move upwards. Trade Setup With a risk-reward ratio of nearly 8:1, this trade is too good to pass up! I'm targeting the next daily high, which aligns perfectly with our bull flag target. This setup looks incredibly promising—let's see how it plays out!
Long
by minno91