HDFC sideways, For Institutional Exits?TrapZone is Red But Sideways. Price is going sideways now. Recent GREEM UMVD Pushing the price Up. Expect a cycle back down if we break the 4th Angle UP.
No need to waste Risk on this action!
Volumeanalysis
S&P500 reaches Sell ZoneThis area offers the best Risk to Reward ratio for Opening Fresh Short positions Top of the TrapZone, Once RED UMVD starts and we start seeing RED Bars again
If VIX stays high we can get another leg down!
SHORT with RED UMVDGREEN BARS above RED TrapZone are Good Risk to Reward Zone forr Re-entring Short. Keep an eye on the UMVD and wait for it to Turn RED and risk one Hour Bar Stop or 2 depending
on your appetite.
ATOM/USDT Trading ScenarioAs a result of "Red Monday," the price chart of ATOM hit new lows since 2022. Notice how the price stabilizes in the range of $6.551 to $14.216. This range indicates heightened interest from market participants, confirmed by the volume profile. Amid widespread panic, the asset's price moved outside this range. From a long-term investment perspective, this situation appears promising. The current price may represent an opportune entry point into the asset.
Potential Bottoming for $CLSK NASDAQ:CLSK could be starting a bottoming process, but downside risks remain since the stock has clearly broken below its 40-week moving average.
It found buyers right at the 100% Fibonacci extension and the 0.618 Fibonacci retracement from its 2022 lows. I don't suggest buying it here because there will be opportunities to buy the stock once it proves itself first. This is merely a potential bottoming process I'm observing.
BTC approaching Resistance angle 1We are going to face the downward angle 1 as resistance soon, we have GREEN BARS< TRAPZONE AND UMVD. so current Trend is on the upside.
Watch out if we stall and break angle 3 going up and start sliding towards angle 2. Angle 2 should provide support in that case.
HGINFRA - Flag & Pole patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered analyst. Please do your own analyses before taking position. Details provided on chart is only for educational purposes and not a trading recommendation
PEPE/USDT Trading ScenarioAfter hitting a new local high of $0.00001726, the price of PEPE entered a prolonged correction, dropping to $0.00000768, a decline of over 55%. In this range, the price found significant interest from market participants and nearly reached the high-volume level (Point of Control, POC), from which it bounced back and attempted to recover. Currently, the asset is in a consolidation phase, and according to the volume profile, interest in this price zone remains. The price might drop further, which could pressure new participants and provide an opportunity to buy at lower prices, closing out losing positions. A downward move and testing of the 200-day moving average appear promising for medium-term entry with the goal of setting a new local high.
Comprehensive Analysis of CFX✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the CFX coin in the crypto market.
🗂 About the Project: CFX, or Conflux, is a decentralized platform designed to facilitate the creation of decentralized applications and to support large-scale commercial use. Known for its unique Tree-Graph consensus algorithm, it aims to provide high throughput and low latency for blockchain transactions, making it a popular choice among developers.
📅 Weekly Timeframe Analysis
In this timeframe, CFX has experienced significant movements. Recently, it saw an upward trend reaching a peak, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, CFX is at a support level of 0.1081 after a correction phase.
📈 If CFX stabilizes above 0.2336, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 0.5155. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if CFX falls back into the range between 0.1081 and 0.2336, and stabilizes below 0.1081, it indicates a bearish trend continuation. The next critical support level would be around 0.0539.
In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
📅 Daily Timeframe Analysis
On the daily chart, CFX ranged around the 0.1955 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 0.1421.
🧲 Given the current setup, a stabilization below 0.1421 could signal another bearish wave.
On the flip side, if the price moves above 0.1955, it could indicate the start of a bullish trend, targeting higher resistance levels.
📅 4-Hour Timeframe Analysis
In the 4-hour timeframe, CFX has pulled back to the SMA99 and reached the resistance at 0.1976. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📈 For short positions, the key levels to watch are 0.1976 and 0.2611, where price reactions could provide better entry points.
📉 For long positions, critical levels are 0.1421 and 0.1081.
📊 RSI Oscillator
The RSI is currently ranging between 44.24 and 55.86 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
UNI Market Outlook: Trends and Levels to Watch✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the UNI coin in the crypto market.
🗂 About the Project: UNI, or Uniswap, is a decentralized trading protocol known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol enables users to trade crypto assets directly from their wallets without relying on a centralized intermediary.
⌛️Weekly Timeframe
In this timeframe, UNI has experienced significant movements. Recently, it saw a downward trend reaching a critical support level of 7.030. Following this, the price has shown some consolidation, suggesting a potential shift in trend.
📈 If UNI stabilizes above 7.030, we can anticipate bullish momentum potentially pushing the price towards the next resistance at 12.099. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if UNI falls back and stabilizes below 7.030, it indicates a bearish trend continuation. The next critical support level would be around 4.039.
📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
⌛️Daily Timeframe
🔍 On the daily chart, UNI ranged around the 8.193 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 7.280.
🧲 Given the current setup, a stabilization below 7.280 could signal another bearish wave. On the flip side, if the price moves above 8.193, it could indicate the start of a bullish trend, targeting higher resistance levels.
⌛️4-Hour Timeframe
📈 In the 4-hour timeframe, UNI has pulled back to the resistance at 7.683. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📉 For short positions, the key levels to watch are 7.683 and 8.278, where price reactions could provide better entry points. For long positions, critical levels are 7.463 and 6.945.
💥RSI Oscillator
The RSI is currently ranging between 42.46 and 53.05 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
VZ 5M Long Daytrade Aggressive Trend TradeAggressive Trend Trade
- short impulse
+ volumed T1 level
+ support level
+ biggest volume weak attempt manipulation
Calculated affordable stop limit
1 to 2 R/R take profit
Hour Trend
"+ open gap with retest
+ long impulse
+ SOS test level
+ 1/2 correction
+ support level
+ volume zone"
Daily CounterTrend
"- short impulse
- biggest volume TE / T1"
Monthly Trend
"+ long balance
+ historical 1/2 correction
with exhaustion volume in the end
+ initiative take over
+ ICE level
+ volumed? 2Sp
+ weak test"
VZ @NYSE
Sell Limit 40.22, GTC
Sell Stop 39.89 LMT 40.01, GTC
ETC/USDT Trading ScenarioAfter reaching a local high of $39.65, the price of ETC sharply corrected to $18.15, a drop of over 50%. According to the volume profile, the price fell into a local accumulation zone near the Point of Control (POC), from which a reversal movement began. Additionally, there was a third touch of the descending support level. In the current price range, buying the asset is appealing both for adding to a long-term portfolio and for a speculative trade, with potential to close the position around the resistance level of $39.65.
ATOM: Understanding the Key Levels and Trends✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the ATOM coin in the crypto market.
🗂 About the Project: ATOM, or Cosmos, is a decentralized network aiming to facilitate interoperability between multiple blockchains. It is known for its unique consensus mechanism and ability to enable communication between different blockchain networks. Cosmos is particularly popular among DeFi and blockchain developers due to its scalability and modular architecture.
📅Weekly Timeframe
In this timeframe, ATOM has experienced significant movements. Recently, it saw an upward trend reaching a peak around the $44 level, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, ATOM is at a support level of $6.51 after a correction phase.
📈 If ATOM stabilizes above $8.08, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at $16.07. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if ATOM falls back into the range between $6.51 and $8.08, and stabilizes below $6.51, it indicates a bearish trend continuation. The next critical support level would be around $4.50.
📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
📅Daily Timeframe
🔍 On the daily chart, ATOM ranged around the $8.07 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at $6.00.
🧲 Given the current setup, a stabilization below $6.00 could signal another bearish wave. On the flip side, if the price moves above $8.07, it could indicate the start of a bullish trend, targeting higher resistance levels.
📅4-Hour Timeframe
📈 In the 4-hour timeframe, ATOM has pulled back to the resistance at $6.56. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📉 For short positions, the key levels to watch are $6.56 and $7.03, where price reactions could provide better entry points. For long positions, critical levels are $5.77 and $5.20.
💥RSI Oscillator
The RSI is currently ranging between 31.20 and 36.56 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
ALGO Analysis: Identifying Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the ALGO coin in the crypto market.
🗂 About the Project: ALGO is a blockchain-based project with its own ecosystem and blockchain. It is one of the popular networks for DeFi enthusiasts, and if you're interested in this space, you're probably familiar with this blockchain.
⌛️ Weekly Timeframe
In this timeframe, ALGO experienced a significant downward movement, currently stabilizing around $0.1572. The price has tested the $0.1547 support level multiple times. The volume has been fluctuating, showing signs of both accumulation and distribution phases.
📈 If the price is supported and candles stabilize above the $0.1547 area, we can confirm that the price trend has potential for a bullish reversal. The main resistance for confirming an upward trend is at $0.2808. For ALGO to have a significant pump, the price must stabilize above this area, allowing you to enter a buying position according to your trading strategy after confirmation.
📉 If the price returns below $0.1547, the next significant support is at $0.0992, indicating a continuation of the bearish trend.
📊 In both scenarios, candle volume must confirm the price movement, and there should be no volume divergence; otherwise, the trend will not be healthy.
⌛️ Daily Timeframe
In this timeframe, you can see more details of the price movement. As indicated, the price ranged for a long period on the $0.1502 support and, after a breakout and pullback, initiated another downward wave to the $0.1297 area. Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend.
Given the strong support at $0.1502, we can expect another bearish wave if candles stabilize below this area.
⌛️ 4-Hour Timeframe
In this timeframe, the price has pulled back to the $0.1605 resistance. Volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe. This upward movement offers a potential entry point for a short position.
🔑 Key Levels: For a long position, the key levels are $0.1716, $0.1989. For a short position, $0.1502, and $0.1297 are critical areas where the price may react in the future.
💥 RSI Oscillator: The RSI is ranging between 45.73 and 51.84, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger.
🎲 My Strategy: Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, I prefer to open a short position on this coin as I always trade in the direction of the momentum. However, there's no necessity for you to do the same; everyone should trade based on their strategy and plan. This is a personal decision, and each trader must find their strategy.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
AVAX Analysis: Potential Price Movement and Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the AVAX coin in the crypto market.
🗂 About the Project: AVAX, or Avalanche, is a decentralized platform known for its high throughput and low latency, making it a preferred choice for developers building decentralized applications and custom blockchain networks. It's particularly popular among DeFi enthusiasts due to its unique consensus mechanism and scalability.
⌛️Weekly Timeframe
In this timeframe, AVAX has experienced significant movements. Recently, it saw an upward trend reaching a peak of 126.52, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, AVAX is at a support level of 20.83 after a correction phase.
📈 If AVAX stabilizes above 31.32, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 58.74. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if AVAX falls back into the range between 20.83 and 31.32, and stabilizes below 20.83, it indicates a bearish trend continuation. The next critical support level would be around 15.91.
📊In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
⌛️Daily Timeframe
🔍On the daily chart, AVAX ranged around the 31.22 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 21.49.
🧲Given the current setup, a stabilization below 21.49 could signal another bearish wave. On the flip side, if the price moves above 31.22, it could indicate the start of a bullish trend, targeting higher resistance levels.
⌛️4-Hour Timeframe
📈In the 4-hour timeframe, AVAX has pulled back to the SMA99 and reached the resistance at 30.98. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📉For short positions, the key levels to watch are 30.98 and 33.77, where price reactions could provide better entry points. For long positions, critical levels are 25.01 and 21.49.
RSI Oscillator
💥The RSI is currently ranging between 44.87 and 59.76 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
REN: Exploring Trends and Key Levels in the Crypto Market✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the REN coin in the crypto market.
🗂 About the Project: REN is a protocol that enables the transfer of cryptocurrencies between different blockchains in a decentralized manner. It aims to bring interoperability to DeFi by providing access to liquidity from various blockchains for DeFi applications.
⌛️ Daily Timeframe
🔍In this timeframe, the price has been ranging for a long period around the $0.04996 support.
📊Support and Resistance Levels:
Resistance: $0.05060, $0.05696
Support: $0.04442, $0.03936
💥The RSI is around 54.25, indicating neither overbought nor oversold conditions.
🧩Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend.
Recommendation: Given the strong support at $0.04442, we can expect another bearish wave if candles stabilize below this area.
⌛️ 4-Hour Timeframe
📈In this timeframe, the price has pulled back to the SMA99 and simultaneously reached the critical $0.04960 resistance, which was the main market low in the previous cycle.
The volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe.
🔑Key Levels: For a long position, the key levels are $0.04960, $0.05060, and $0.05696. For a short position, $0.04442 and $0.04500 are critical areas where the price may react in the future.
🎲RSI Oscillator: The RSI is ranging between 39.81 and 54.34, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger.
♟Recommendation: This upward movement offers a better entry point for a short position. Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, consider opening a short position as the trend aligns with the momentum.
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
SHIB/USDT Trading ScenarioAmid the overall negativity in the cryptocurrency market, SHIB has significantly dropped in price, falling from a local high of $0.00004605 to $0.00001272. This decline amounts to more than 70%. The asset's price has nearly reached a range of global interest among participants, as confirmed by the volume profile. Currently, there is an attempt to recover the price and consolidate below the downward-sloping resistance level.
We can anticipate a breakout of the downward-sloping resistance level, followed by consolidation above it and further price growth. The resistance level may be at $0.00002963.
However, the possibility of continued price decline should not be ruled out, with a potential drop to the Point of Control (POC) at $0.00001032 and a subsequent bounce from that level.
BONK LOOKS VERY BULLISH AFTER I SAW THIS!Played around with the #FRVP tool and loving it.
The red lines are the POC for the previous months.
You can clearly see where the highest amount of volume has been traded over the past 5 months.
We are now above it! This is very bullish for #BONK as long as we stay above it! #Memecoin
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Continuation of selling of SPXAs we confirmed the trend reversal for the moment, we might have possible two scenarios:
We might have similar push up during the night before continuation of a drop
Secondly, if we get higher prices during the night or at NYSE open, we might continue our way down until we got extended.
SANDUSDT: Weekly Update and Trading Triggers✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs.
📅Let's dive into today's analysis, focusing on the crypto market and the SAND project.
📅 Weekly Timeframe Analysis
On the weekly timeframe, SAND is ranging within a broader horizontal zone. The current levels show the price struggling around significant support and resistance levels.
Support Zone: 0.2818
Resistance: 0.7864
RSI: 39.81 (Neutral to slightly bearish)
📆 Daily Timeframe Analysis
In the daily timeframe, the price action shows a more detailed structure within the weekly range.
Current Candle: Showing strength after a period of weakness
Resistance Levels: 0.4046, 0.4782
Support Levels: 0.3410, 0.2818
RSI: 47.44 (Neutral)
⏰ 4-Hour Timeframe Analysis
In the 4-hour timeframe, we see more granular details of the recent price movements.
Consolidation Range: 0.3436 - 0.2818
Bullish Scenario: Break above 0.3436 with strong volume
Bearish Scenario: Break below 0.2818
📈 Long Position Trigger
Consider entering a long position after a confirmed break and close above 0.3436 on the 4-hour timeframe.
📉 Short Position Trigger
Consider entering a short position after a break and close below 0.2818 on the 4-hour timeframe.
🔑 Key Support and Resistance Levels
Supports: 0.3410, 0.2818, 0.2433
Resistances: 0.3436, 0.4046, 0.4782, 0.7864
🌟 Weekly Settlement
Since tomorrow is the last day of the week and a settlement day, I recommend securing your profits and opening positions with less risk. Have a great weekend!
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
SBER 5M Long Daytrade Conservative CounterTrend TradeConservative CounterTrend Trade
+ long impulse
+ SOS level
+ support level
- above 1/2 correction
+ volumed 2Sp+
Calculated affordable stop limit loss
1 to 2 R/R take profit
Hourly context:
'"- short impulse
+ biggest volume T1
+ support level
+ volumed 2Sp-"
Daily context:
"- short impulse
+ biggest volume transitional extremum / T1
+ support leve
+ volumed manipulation"
Monthly context:
"+ long impulse
+ SOS level
+ support level
+ 1/2 correction"
TRIP.com / Beginning of Up Trend Stock Beginning of the trend Stock, breaking the Wyckoff accumulation Phase
and has Volume Profile Normal Distribution Support
The volume from Accumulation Phase has not yet been sold out. It can continue with accumulated volume with first target at 261.8 Fibonacci Retracement and cluster with 161.8 of Fibonacci Extension.
Strategy Buy on dip at 368 - 390 for buy set 1 and if the price drops to 368, there is still buy set 2 at prices 330-355 by waiting for Reversal Pattern.
Trading in your plan with your faith,
C.Goii Super Trader
TM on the Rise or Fall? In-Depth Crypto Analysis Revealed✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the FTM coin in the crypto market.
🗂 About the Project : FTM is a blockchain-based project with its own ecosystem and blockchain. It is one of the popular networks for DeFi enthusiasts, and if you're interested in this space, you're probably familiar with this blockchain.
⌛️ Weekly Timeframe
In this timeframe, FTM experienced a significant upward movement with high volume, pushing the price up to 1.0993, reaching a critical supply zone. After hitting this resistance, the price started a low-volume correction, indicating the strength of the upward trend and volume-price convergence. However, in the last wave of decline, as you can see, the volume is increasing while the price has corrected a significant portion of its upward movement, currently sitting at the 0.4138 support.
📈 If the price is supported and candles stabilize above the 0.5720 area, we can confirm that the price trend has regained bullish momentum with the potential for further price increases. The main resistance for confirming an upward High Wave Cycle (HWC) is at 1.0993. For FTM to have a significant pump, the price must stabilize above this area, allowing you to enter a buying position according to your trading strategy after confirmation.
📉 If the price returns to the range box between 0.1756 and 0.5720, we can confirm this after the price stabilizes below the 0.3276 area, as this is the last low before the range box breakout and move towards 1.0993. It could be the final defense against further price drops.
📊 In both scenarios, candle volume must confirm the price movement, and there should be no volume divergence; otherwise, the trend will not be healthy.
⌛️ Daily Timeframe
In this timeframe, you can see more details of the price movement. As indicated, the price ranged for a long period on the 0.6147 support and, after a breakout and pullback, initiated another downward wave to the 0.4163 area with the 0.5334 trigger. Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend.
Given the strong support at 0.4163, we can expect another bearish wave if candles stabilize below this area.
⌛️ 4-Hour Timeframe: In this timeframe, the price has pulled back to the SMA99 and simultaneously reached the critical 0.4889 resistance, which was the main market low in the previous cycle. The volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe. In my opinion, this upward movement offers a better entry point for a short position.
🔑 Key Levels : For a long position, the key levels are 0.4889, 0.5350, and 0.6147. For a short position, 0.4150 and 0.45 are critical areas where the price may react in the future.
💥 RSI Oscillator : The RSI is ranging between 45.01 and 60.97, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger.
🎲 My Strategy : Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, I prefer to open a short position on this coin as I always trade in the direction of the momentum. However, there's no necessity for you to do the same; everyone should trade based on their strategy and plan. This is a personal decision, and each trader must find their strategy.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
