Circle Elliott wave of $SAGAIn form Elliott wave of LSE:SAGA before go up, it really take long times. but be careful if BTC have crashed again in the future.
SAGAUSDT.P trade ideas
SAGA moving upAfter the recent BTC push and our buy print, SAGA is steadily moving up.
Targets on the chart DYOR
You can use our indicator with other indicators to determine the market direction.
Go to long $SAGA again.After 3 red candles can't beat big previous green candle. right now, 30mn timeframe go against the trend. long is good choice to take profit. 1.2$ is a little bit touched but I will try.
Combined Staking and Shorting Strategy with Technical AnalysisThis strategy involves buying and staking cryptocurrencies during oversold conditions while shorting during overbought conditions to maximize profits from both price movements and staking rewards.
Strategy Breakdown
Buy and Stake
1. Identify Oversold Condition:
- Use technical indicators (like RSI or a combination of RSI and CCI) to identify an oversold condition on the 4-hour chart.
2. Wait for Support Reclamation:
- Wait for the cryptocurrency to reclaim a previously broken support level, indicating a potential price reversal.
3. Buy Cryptocurrency:
- Purchase the cryptocurrency at this point.
4. Stake Cryptocurrency:
- Stake the purchased cryptocurrency to earn staking rewards.
Short and Profit
1. Price Breakdown:
- If the price breaks down below a new support level, initiate a short position.
2. Target Profits:
- Set profit targets based on the 30-period average price change on the 4-hour chart.
Short and Hold
1. Identify Overbought Condition:
- Use technical indicators to identify when the price enters the overbought region.
2. Wait for Support Break:
- Wait for the price to break below a support level (or a previously broken resistance level), signaling a potential downtrend.
3. Go Short:
- Initiate a short position while still holding your staked positions to hedge against potential losses.
Pros and Cons
Pros
1. Earning Staking Rewards:
- Continues to earn staking rewards even when prices are volatile.
2. Capitalizing on Market Conditions:
- Gains from both upward (via staking) and downward (via shorting) price movements.
3. Risk Management:
- Hedging through short positions can protect against significant losses in a bear market.
4. Enhanced Profits:
- Potential for higher overall returns by combining staking rewards with profits from shorting.
Cons
1. Complexity:
- Requires a good understanding of both technical analysis and market timing.
2. Transaction Costs:
- Multiple trades (buying, shorting, covering) can lead to higher transaction fees.
3. Market Risks:
- Volatility can lead to unexpected losses, especially if the market moves against your short positions.
4. Staking Risks:
- Staked assets might be locked for a period, limiting liquidity and flexibility.
Using Leverage
Leverage can amplify both gains and losses. It allows you to open larger positions than your capital would normally allow, but it comes with increased risk.
How to Use Leverage
1. Careful Position Sizing:
- Use leverage sparingly. Consider using 2x to 5x leverage rather than extreme levels.
2. Risk Management:
- Always use stop-loss orders to limit potential losses.
3. Monitor Margin Levels:
- Keep a close eye on margin requirements to avoid liquidation.
4. Balancing Exposure:
- Maintain a balanced portfolio. For instance, if you use leverage to go short, ensure your staked positions are not excessively exposed to market downturns.
5. Leverage in Short Positions:
- Use leverage for short positions to maximize potential profits from price declines. For example, if you have $100 in staked assets, you might use $20 to $50 of your own capital and $20 to $50 of borrowed funds to short an equivalent value.
Just stop sell $SAGAHey, Why LSE:SAGA is stopped sell anymore i am waiting low price to bagged in. sell more now!
SAGA - 4H Perfect Buy OpportunitySAGA had three bearish legs, each resulting in a 60% price fall, demonstrating a strong downward trend. Within these bearish moves, there were two bullish pullbacks, each with a 60% rise, indicating temporary reversals before the continuation of the downtrend. Currently, SAGA is at the bottom of the latest bearish leg.
Given the pattern, I expect a rise as a pullback to the first resistance zone, which is a typical market behavior after such significant drops. If SAGA manages to break through this resistance zone, it could potentially rise further to the order block of the last bearish leg. This scenario would align with previous patterns of price action, suggesting a short-term bullish move within the overall bearish trend.
SAGAThe cryptocurrency #SAGA has reached a strong consolidation level. We aim to touch the descending trendline at the 2.2 level first, with a potential increase of up to 50%. If this level is breached, it could initiate a very strong upward wave.
SAGAUSDT retracing further?Hi there traders
We received a new signals from the EnF Breakout Strategy:
SHORT on SAGAUSDT
See idea for breakout entry, targets and stoploss
Only enter the trade when the price breaks below entry
Check out more on the script:
To get access to this script, DM me
SAGA is exploding - Join before its lateBINANCE:SAGAUSDT
SAGA is at a point where it has no other options but to go up.
I would suggest cyclic Intraday for Futures Traders.
For Long Term Holders BUY NOW but keep in mind to DCA if market takes correction.
Do Your own Analysis and due diligence for long term investment.
SAGA Upside TargetsSAGA it's also one of the big losers when it comes to price fluctuation - fundamentals are intact.
About :
Infinite horizontal scalability.
⛋⛋ Launching the next 1000 chains in the Multiverse ⛋⛋
SAGAUSDTMy entry on this trade idea is taken from a point of interest ABOVE an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
SAGA: Another very interesting setupAlong the same lines as Dymension, there's an on-going campaign of airdrops for stakers who are loyal to the protocol and increase their stake over time.
SAGA is a unique Layer 1 blockchain protocol designed to address the scalability issues faced by many blockchain networks. It uses a modular approach by allowing developers to create their own dedicated blockchains, known as "Chainlets," on top of the SAGA mainnet. These Chainlets operate independently but are interoperable with each other and the mainnet, providing infinite horizontal scalability.
SAGA's scalability and customization features make it particularly well-suited for the gaming industry. Gaming applications often require high transaction throughput, low latency, and the ability to handle complex in-game economies. SAGA's modular architecture enables developers to create dedicated Chainlets for specific games or genres, tailoring them to meet the unique demands of each game while ensuring smooth gameplay and scalability.
I'm personally very bullish, and looking to increase my stake and reinvest proceeds of airdrops I obtain (and stake the ones that allow you to stake as well). This can result in cascading gains that compound drastically over time.
Best of luck!
Cheers,
Ivan Labrie.
SAGAUSDT BULLISH (Dow, Divergence, Volume)SAGAUSDT shows bullish momentum with 4H Divergence and break of HH based on DOW THEORY. Trade is executed with an entry at CMP, SL at previous HL and R:R of 1:1 & 1:2.
Strategy: Faraz Crypto
What do you think, will it be bullish enough hit 2 TP's.
$SAGA continues move to the downside | 05112024In this idea... of BYBIT:SAGAUSDT.P
You will learn my initial targets for potential buying areas and reap a rewards of potentially 5x to 10x in the next 6 months.
Above image is the Weekly Timeframe.
We can see since the beginning of Week of April 08 2024 we have been moving to the downside and that would be the case probably in the next 2-3 weeks.
Above image is the Daily Timeframe.
We can see that we have made a new all time low signaling further move to the downside.
However, what we can see is that selling pressure seems to weakened and we can have a Lower High before we entirely move to the downside, unless.. we get the huge buying pressure with volume and we can confirm that the buyers have taken over.
Above image is the 4-Hour Timeframe.
And these are my potential buying areas.
2.5
2.3
2.0
Ideally, I want to wait for around 2.3 to be hit.
Hopefully you learned something new today!
Always remember to be patient and follow your plan.
Is SAGA bullish?As you know, SAGA does not have data to review and cannot be analyzed.
This project is a strong project backed by 13 billion dollar stake.
But this project was chosen as the 51st project of Binance Launch Pool
With our previous reviews of the Binance Launch Pool projects, we found out that usually the symbols listed in this way in Binance underwent a time correction between 70 and 90 days and then moved upwards.
We expect to see a trend change for SAGA on the date between the two vertical lines on the chart.
Note: For buying and risking, the price bottom is not clear, and only on the chart, we indicated the time of trend change schematically.
When we reach the time to change the trend, we can enter the buy position by getting the confirmation and the trigger
saga 50% target ALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer
Sagausdt,,, trend line broken Saga can have a good growth by crossing the downward trend line.
it is in the support zone
saga long now ALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer
SAGA ANALYSIS🚀#SAGA Analysis : Breakout and Retest
🔮As we can see in the chart of #SAGA that there is a formation symmetrical triangle pattern. Also there is a perfect breakout. This indicates a potential bullish move.📈📈
🔰Current Price: $3.8850
🎯 Target Price: $6.6091
⚡️What to do ?
👀Keep an eye on #SAGA price action. We can trade according to the chart and make some profits⚡️⚡️
#SAGA #Cryptocurrency #TechnicalAnalysis #DYOR
