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Support and Resistance

SOL/USDT Trade Setup: Awaiting Resistance Breakout Confirmation""Currently observing SOL/USDT on the 4-hour chart. The price is testing the resistance zone around $231.45. I am waiting for a clear breakout above this resistance level with strong volume confirmation before entering a long position. My target would be the next resistance area around $262.69, with a stop-loss placed near $214.06 to manage risk. If the breakout fails and price gets rejected, I will re-evaluate the trade setup and wait for a better opportunity."
Long
by sinaaf
GBPCAD MODULEWe are focusing on the 4-hour time frame chart to analyze the potential moves and changes in GBP/CAD price. Based on my bias, I am expecting a sell in the market today. Let's see what kind of opportunity the market provides. It is very important to get confirmation before taking a trade, so always wait for confirmation. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. #GBPCAD 4H Technical Analyze Expected Move.
Short
by TradeTacticsreal
Go long gold near 2633 as scheduledBros, I have been suggesting that gold is likely to continue to fall to the 2635-2630 area in the past two days. At present, gold has fallen back to this area as expected. We have made a lot of money in gold short trading in the past two days! Congratulations to those friends who followed my trading strategy! At present, the lowest price of gold has reached around 2633, so the support of the 2635-2630 area is effective in the short term, and gold has failed to fall below this area several times during the decline, so this area has become an important defensive position for bulls in the short term, so there should be some buying funds here, whether it is to seize control or to play between the long and short sides, the bulls should perform well in this range. So in terms of short-term trading, I prefer to start long gold near 2633, and I have already done so. Moreover, there is still strong support in the 2625-2620 area below. If gold continues to fall, I will consider adding positions to long gold in the 2625-2620 area again. Bros, I have already started to go long on gold. Are you optimistic about the rebound of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
Novartis | NVS | Long at $99.00As one of the largest pharmaceutical companies in the world, Novartis NYSE:NVS is poised to grow well into 2027. It's trading at a 17x P/E, earnings are forecast to grow 7% per year, it has low debt, and has been raising its dividend over the past few years (3.8%). The price on the daily chart is nearing the historical simple moving average line and may be poised for another move up. However, entry into the lower $90's or even $80's is still not off the table and, in my view, a great opportunity. Thus, at $99.00, NYSE:NVS is in a personal buy zone. Target #1 = $110.00 Target #2 = $120.00
NYSE:NVSLong
by WorthlessViews
TradeCityPro | CRVUSDT Favorite Among Ethereum Whales👋 Welcome to TradeCityPro Channel! Let’s analyze CRV, one of the older and more popular coins in the DeFi space, previously a staple in many crypto whales' wallets. 🌟 Bitcoin Overview Before diving into CRV, let’s take a quick look at Bitcoin. It recently hit a new ATH but faced a heavy rejection on the 1-hour timeframe, triggering significant selling pressure in the market. Remember, these kinds of candles are typical during bull runs. They may appear bearish on higher timeframes, but they often induce FOMO and panic selling, leading to potential buying opportunities. 📅 Weekly Timeframe Analysis After losing its critical support at 0.4107, CRV dropped to 0.2219. Following a decrease in selling pressure, the coin consolidated for several weeks in a box range. With renewed whale interest, significant buying volume pushed the price up by 350%, breaking the box and daily resistance. The rally was capped at 1.2060, where CRV has been trading below for the past two weeks. If you entered the market after the box breakout, you should already have a reasonable profit. You can either take partial profits or withdraw your initial investment, holding the remaining position as "free tokens." If you missed the rally, it’s currently not an ideal entry point due to the large stop loss required. Wait for either a time-based correction (range-bound movement) or a price correction to 0.8065, which serves as the next major support level. 🌞 Daily Timeframe On the daily chart, CRV moved upward after breaking out of the 0.2219 – 0.3169 range and is now trading below the 1.251 resistance. Support: 1.0522 (lower timeframe), 0.7985, and 0.6217 for potential price corrections. Resistance: A break above 1.251 could lead to higher price targets, with the first at 1.9109. breakout above 1.2510 may provide a momentum-based entry, but it’s riskier than the earlier entry at 0.3169. Wait for confirmation, such as volume increase and RSI movement, before entering. ⏰ 4-Hour Timeframe On the 4-hour chart, CRV has tested the 1.2693 resistance twice. This level could act as a key trigger for future positions. 📈 Long Position Trigger Open a long position after breaking 1.2693, with confirmation through increased volume and RSI entering the overbought zone. This is a weekly resistance, so a fake breakout is likely if volume is low. 📉 Short Position Trigger No short positions are being considered for now, as they go against the current trend. Instead, focus on finding setups in other coins or monitoring CRV for better opportunities. 💡 BTC Pair Insight Against Bitcoin, CRV has been in a prolonged downtrend but recently started to recover after breaking 0.00000528. However, the real bullish movement will begin only after breaking 0.00001223, forming higher lows, and continuing its upward trend. Avoid FOMO. If you miss CRV, there are plenty of other opportunities in the market. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
42
"Preparing for a Short Trade on GBP/USD as Dollar Strengthens""I’m currently waiting for a scenario like this to unfold, or something similar, before I consider opening a short position on GBP/USD. I’m also looking for confirmation before actually executing the trade. Based on my analysis, I expect the dollar to strengthen in the near future, which is why I believe that a short position on GBP/USD could be a profitable move. However, I’ll stay cautious and monitor the market closely before making any decisions."
Short
by sinaaf
CVS Health Corp | CVS | Long at $61.00NYSE:CVS Health Corp will need a revision to its business model in order to survive an ever-changing retail/pharmacy environment. However, with a P/E of 10x, debt-to-equity of less than 1x, growing cash flow, and dividend yield of 4.3%, the stock seems quite undervalued. Perhaps activist investors will soon step in, but if history repeats, there may be a nice bounce ahead as the price consolidates in the GETTEX:50S and low $60s. Thus, near its current price of $61, NYSE:CVS is in a personal buy zone. Target #1 = $66.00 Target #2 = $68.00 Target #3 = $75.00 Target #4 = $79.00
NYSE:CVSLong
by WorthlessViews
ASML Holding | ASML | Long at $680.00NASDAQ:ASML Holding, a developer and servicer of advanced semiconductor equipment systems for chipmakers, dipped backed into my overall, long-term selected simple moving average (SMA). From here, stocks typically bounce or drop, but given the AI boom is far from "over", I anticipate another bounce to eventually close the gap near $1,060. It may show some minor weakness to close the gap in the low $600s and get the bears excited. But, unless the economy further shows major weakness in the semiconductor space, NASDAQ:ASML is in my personal "buy zone" at $680. Target #1 = $730.00 Target #2 = $915.00 Target #3 = $1,060.00
NASDAQ:ASMLLong
by WorthlessViews
1
TopGolf | MODG | Long at $7.85 TopGolf NYSE:MODG finally closed the last price gap on the daily chart from the 2020 pandemic crash. All price gaps (as of this analysis) are now above the current price. While I am not stating this is bottom (high $6's or even low $5's are not fully off the table given the downward momentum), there is a lot of growth still on the table for this company. The current fair value is probably near $18-$19 and this stock has a cyclical nature to it. So, while it may be a bumpy near-term investment, the earnings growth, cashflow, and low debt of this company is appealing. Thus, at $7.85, NYSE:MODG is in a personal buy zone (starter position) with more investment is if dips into the $6- or $5-range. Target #1 = $10 Target #2 = $12 Target #3 = $14 Target #4 = $15
NYSE:MODGLong
by WorthlessViews
ROSE Long Spot Trade OpportunityMarket Context: ROSE is showing renewed strength after rallying into its first resistance at $0.15. The price is now retracing towards the golden zone, with strong confluence at the 200-day EMA near the $0.085 support level. This setup presents a favorable risk-to-reward opportunity for an upward continuation. Trade Details: Entry Zone: $0.085 – $0.10 Take Profit Targets: $0.18 $0.28 $0.42 Stop Loss: Daily close below $0.07 This trade combines a strong support zone with clear upside targets, providing a well-balanced setup for capturing further momentum. 📈
Long
by Richtv_official
1
Trading with Multiple Time Frames: A Balanced ApproachWhy Use Multiple Time Frames ? In trading, understanding flow and target areas across different time frames is essential for precision. Each time frame provides a unique insight: Higher Time Frame (HTP) : Establishes the direction and target areas. Focal Time Frame : Serves as your primary or main frame of focus for trading decisions. Lower Time Frame (LTP) : Confirms the HTP’s direction and offers entry/exit points. Examples: If you are position trading (holding longer than 1 month) you focal time frame is the monthly, the weekly is the time frame that offers entry/exits and the Quarterly is the time frame that establishes the direction and target areas. If you are swing trading (holding longer than 1 week) then you focal time frame is the weekly, LTP is the daily for entry/exists and HTP is the monthly. If you trade intraday then HTP is the hourly, focal is 15min and LTP is the 5min. 🔎 Key Principles for Multi-Time Frame Analysis HTP Determines the Flow: Strong resistance or support on the higher time frame drives the market flow. Example: If HTP resistance is strong, the LTP will typically trend downward​ LTP Monitors the Setup: Use lower time frames to observe and confirm HTP predictions. Lower time frame bars should progressively move away from strong HTP levels​ Focus on Nearby and Further Out Areas: Nearby areas provide short-term strength or weakness. If a nearby area breaks, targets shift to further-out energy zones​ 🧩 Example Strategy: Integrating Time Frames Step 1: Identify a strong support/resistance area on the HTP (e.g., Weekly Chart). Step 2: Use the focal time frame (e.g., Daily Chart) to monitor for trend setups. Step 3: Zoom into the LTP (e.g., Hourly Chart) to: Confirm the setup. Look for price reactions and ideal entry points. Step 4: Set targets based on the HTP structure, while managing risk on the LTP. 🎯 Tips for Target Setting Targets are often defined where price terminates energy (e.g., HTP resistance/support levels). Monitor flow: If LTP flow aligns with HTP direction, the trade is on track. If nearby energy breaks, shift your target to the next further-out area​ 🚀 Final Thoughts The HTP shows the big picture; the LTP provides execution clarity. Always let the HTP guide you, and the LTP confirm your trade entries/exits. Remember: “Strength is strength until proven otherwise.” By combining multiple time frames, traders can trade confidently, anticipate targets, and stay in sync with the market flow.
SPREADEX:SPXEducation
by JordanMT
Technical Analysis on Kadant (KAI)Kadant ( KAI ) has maintained a clear upward trend, characterized by higher highs and higher lows. Throughout its bullish phase, the stock experienced periodic pullbacks between 20% and 30%. After recently hitting its all-time highs, the stock is currently undergoing a retracement, approaching potential support zones. Bullish Scenario The first potential support levels are close to the current price: SUP 1 around $304 POC 1 around $320 Another possible support zone is POC 2 near $280, which could provide a significant base if the price continues to drop. Bearish Scenario For a bearish outlook, key levels to monitor include: A breakdown below POC 1 ($320) A trendline break (green line) A breach of POC 2 ($280), indicating a potential continuation of the downtrend.
NYSE:KAI
by Giovanni_Bandini
DEGENUSD 12/6/2024DEGENUSD Daily Chart Analysis • Coin Release: DEGENUSD was released on Coinbase in mid-October 2024. • Pattern Formation: From its release through November 10th, the price formed an Inverse Head and Shoulders pattern. • Breakout: On November 12th, the price broke through the neckline, rallying over 230% before pulling back. • Support: The price has since found support at 0.017360, aligning with the 20-day moving average, which is providing additional support. • Momentum: The MACD is currently below its signal line but remains in bullish territory. The contracting histogram indicates potential for the MACD to cross back above its signal, suggesting a resumption of bullish momentum. Trade Setup (Long): • Entry: 0.019207 • Stop Loss: 0.015634 (-18.60%) • Initial Target: 0.051171 (+166.42%, 8.95 RR ratio) The bullish chart pattern, combined with the MACD setup and strong support levels, indicates a high-probability trade with significant upside potential.
COINBASE:DEGENUSDLong
by rudcharts
US30 Possible Bullish ideaUS30 has been on a straight sell for the past 9days and finally is approaching a strong area of Resistance turned support and an ascending trendline on the higher TF. Seeing it has two ascending trendlines we will objectively look at it. If market respects the ascending trendline and the area of support turned resistance, we will execute a buy but if it breaks that level, we will continue a sell to the second trendline and area of resistance turned support. Remember, objectivity is the rule of the game. The market lads, we follow.
EIGHTCAP:US30
by KAYCEEFX1