Hey guys if you got in I bet you’re in profit now put trade on breakeven and hold I will update you guys when I’m out or to TP
Time to Accumulate. DO NOT push in. LEOX is set to power Galileo Protocol's luxury tokenization platform, bringing seamless interactions and new opportunities. #RWA #GEM
Technical Insight: Current Market Position: The USD/JPY is hovering around a critical resistance level at 157.719, with historical data showing a struggle to break above 160.000. Price Action: The chart indicates a recent failed breakout attempt, now acting as a potential reversal signal. This is highlighted by the downward arrows, suggesting a sell-off after hitting resistance. Fundamental Backdrop: US Economic Health: Stronger than expected economic data from the US, especially employment and inflation figures, could bolster the USD. However, any dovish signals from the Fed might weaken the dollar. Japanese Economic Factors: Japan's economic policies, particularly any intervention by the Bank of Japan (BoJ) to weaken the yen, could play a role in the currency's valuation against the dollar. Trading Strategy: Sell Entry: Optimal entry would be on a confirmed rejection from the current resistance, ideally with a bearish candlestick pattern or a significant wick at the top. Profit Targets: Primary Target: Aim for a sell-off to 151.350, a level where the price found previous support. Secondary Target: If momentum continues, look towards 151.000, which could serve as a deeper support level. Risk Management: Stop Loss: Set above the recent high at 151.870 to protect against unexpected bullish moves. Position Sizing: Calculate your position size based on the distance to the stop loss, ensuring it aligns with your risk management rules. Additional Considerations: Market Sentiment: Monitor global market sentiment. A shift towards risk aversion often sees capital flows into the yen, potentially strengthening it against the dollar. Geopolitical Events: Keep an eye on any geopolitical developments that might affect either the US or Japan's currency, such as trade negotiations or regional conflicts. Conclusion: The USD/JPY pair offers a strategic sell opportunity based on both technical resistance and potential fundamental shifts. Ensure your trading decisions are informed by both these aspects and manage risk appropriately. This setup, while not guaranteed, provides a structured approach based on current market conditions. Always remember to stay updated with real-time market news and adjust your strategy as needed.
Short term 2460 Longterm view also good. valuations are on the higher side ; need to monitor continuosly.
https://www.tradingview.com/x/1ZTphESf/ The analysis of the GBPJPY chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers. ❤️ Please, support our work with like & comment! ❤️
This idea provide more details about my 5.8 prediction. If see the pump before going to ATH was the level that hold as support for the next bear market. My speculation is that this next pump before the one taking us to topping prices would be around 1 dollar since this a significant level for doge. This 1 dollar level might be set the floor for the next bear market. And by knowing the floor and using fib levels that suggest next bottom would be around the 0.382 level I ended up finding the 5.8 level as my target top.
hello friends This currency, which is from the Solana ecosystem, managed to make a good bottom after a long-term downward trend and managed to hit a new top. Now that Pullback has stirred, it has provided us with a good opportunity to buy a ladder. Note that if he keeps his range, he can move to the specified targets. Dear friends, capital management must be observed. Be successful and profitable.
So someone asked about DOGE and ironically it is the only other coin I own right now other than Bitcoin. I like DOGE for one reason, and one reason only. Elon Musk has supported DOGE so I give it a slim possibility of making it to the next level. As for other alts, NOPE!!! Eventually zero is the answer, at least for most. Technically DOGE has broken out of resistance and is consolidating nicely. I posted a long at 16-17 cents and that is doing nicely here and with the current consolidation there is no reason not to stay long. Major support is found at 20 but as long as we remain above 35. Let us take a look at the larger picture. https://www.tradingview.com/x/rh6qebuy/ If I have said it once, I have said it a thousand times, history repeats which is why we see the same patterns over and over in the markets. Of course I have also said "history repeats until it doesn't" also but let's not focus on that. Had a long broad consolidation between rallies and it appears we are getting the same sort of setup. I believe once we take out the high we make a strong move higher and we are getting closer than most think. You want to be positioned before the move here and this is the reason I will probably be adding to that position in the near term. This is a coin I still think has potential for a 10 bagger. I do not think $4.00 is out of range for DOGE which is why I am buying more. IMHO I believe this is going to be the last hurray for alt coins and there will be few survivors. Bitcoin and likely a couple others but this will play out in the charts. There is absolutely no reason to own 100 alt coins, none!!! If so give me a reason? Target with DOGE $4.00 and I don't need another home ;)
This is going to be a little bit more of a tricky trade, but it does look to be making a symmetrical triangle here within a uptrend channel. Currently, we are holding $136 as the support and we have a resistance 138.68 If we can clear the 139 area and hold it as support, our first resistance is one 14340 and if we can clear the actual uptrending channel resistance, we can see as high as 145 Moving averages are getting very tight on the daily timeframe, which means a big move is coming. It’s hard to pick the direction. However, the support of the symmetrical triangle continues to get tested and the bulls keep popping it back up. If we do lose the support of the symmetrical triangle, then we could see as low as 133.80 and 130$ I am taking the risk and I am going wrong here looking for a push upwards if we do lose 136 and hold as resistance then this trade will be wrong and I will have to take the loss We have until the 11th to decide direction so this is very tight
Massive weekly breakout on MSFT, This could be the next runner towards end of the year. Very similar chart as GOOGL