CME:MBT1! is trying to hold on around 92K levels. If this is breached on the downside, it runs into the risk of falling much lower towards 74K levels. Keep an eye HODLers!
? ? ? Asset: Dogecoin (DOGE/USD) ? Timeframe: 30-Min Chart ? Setup Type: Descending Triangle Breakout ? Trade Plan (Long Position) ✅ Entry Zone: Above $0.2121 (Breakout Confirmation) ✅ Stop-Loss (SL): Below $0.2041 (Break of Support & Triangle) ? Take Profit Targets ? TP1: $0.2212 (First Resistance Level) ? TP2: $0.2328 - $0.2350 (Final Target – Extended Bullish Move) ? Risk-Reward Ratio Calculation ? Risk (SL Distance): $0.2121 - $0.2041 = $0.008 risk per DOGE ? Reward to TP1: $0.2212 - $0.2121 = $0.0091 (1:1.14 R/R) ? Reward to TP2: $0.2328 - $0.2121 = $0.0207 (1:2.59 R/R) ? Technical Analysis & Strategy ? Descending Triangle Breakout: DOGE has been in a downtrend, with signs of a breakout near $0.2121, indicating potential bullish momentum. ? Trendline & Support Bounce: The price is testing the descending trendline breakout, with a strong possibility of reversal. ? Breakout Confirmation: A strong bullish candle closing above $0.2121 with volume increase will confirm the move. ? Momentum Shift Expected: If price holds above $0.2121, a rally toward $0.2212 (TP1) and $0.2328+ (TP2) is likely. ? Key Support & Resistance Levels ? $0.2041 – Strong Support / Stop-Loss Level ? $0.2121 – Entry / Breakout Level ? $0.2212 – First Resistance / TP1 ? $0.2328 - $0.2350 – Final Target / TP2 ? Trade Execution & Risk Management ? Volume Confirmation: Ensure strong buying volume above $0.2121 before entering. ? Trailing Stop Strategy: Move SL to entry ($0.2121) after TP1 ($0.2212) is hit. ? Partial Profit Booking Strategy: ✔ Take 50% profits at $0.2212, let the rest run to $0.2328 - $0.2350. ✔ Adjust Stop-Loss to Break-even ($0.2121) after TP1 is reached. ⚠️ Fake Breakout Risk ❌ If price fails to hold above $0.2121, it could indicate a false breakout—exit early. ❌ Wait for a strong candle close above $0.2121 for confirmation before entering aggressively. ? Final Thoughts ✔ Bullish Setup – Holding above $0.2121 could lead to higher targets. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:1.14 to TP1, 1:2.59 to TP2. ? Stick to the plan, manage risk, and trade smart! ?? ? #CryptoTrading #DOGE #Dogecoin #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumCrypto #SwingTrading #TradingView #LongTrade #TradeSmart #RiskManagement #CryptoBreakout #Investing #CryptoAlerts #ChartAnalysis ??
Price has officially entered into my target box today. I still feel we have lower to go before this is over though. I would like to see us hit the 1.0 @ $204.65 before turning back higher. I can think of several things that could support a move higher such as the SEC dropping its case against COIN. However, we have crossed into wave 1 territory, which is the minimum needed for the larger ED I have been tracking. We created some neg div on the hourly chart today too. As you can see, price made a lower print today than last December and MACD is reading a higher print. Is this hinting that more downside is coming? I believe so, and I believe the 1.0 @ $204.65 is the ideal place for price to turn around at. I have an alert set @ $205 and will likely look at placing an order around this area.
With the breakout of the descending triangle's ceiling and consolidation above 21, along with an increase in trading volume, an upward trend is expected to begin. Otherwise, considering the overall state of the crypto market, lower lows are anticipated. This analysis is not a buy or sell recommendation.
Silver broke its uptrend. With this break, I think Fibonacci will pull back to the 0.5 level.
gbpjpy is declining in its falling channel due to the reaction it received from the rising trend it had previously broken. A short trade can bring profit by using the top of this trend as a stop.
Short time scalping broke up the trend line Goals -1.8$ -1.9 -2 ? Stop loss 1.58$
NASDAQ:NVDA update on how price action is looking like compared to the last post. We mainly saw price stalling out around $120 after the gap was made, and then a anticipation for movement back to resistance. After analyzing how buyers did over time we expect more strength in sellers as buyers lost a bit of steam and also created lower highs. Could imagine a selloff back to $100 then a quick move back up to resistance once again. A bit too soon to tell but will keep an eye out.
? Technical Analysis of AUD/USD (4H Chart) ? Market Structure & Trend Analysis ▪️ The price is currently in an uptrend, respecting a rising trendline that has acted as dynamic support. ▪️ Multiple rejections from the trendline indicate strong bullish sentiment. ▪️ The market has broken past key resistance zones, turning them into support. ? Key Support & Resistance Levels ▪️ Support Zones: ▪️ Point of Interest (POI) at 0.62900: A significant demand area where price is expected to react. ▪️ Lower Support at 0.62500: Potential fallback level if the POI fails to hold. ▪️ Resistance Zones: - 1st Target at 0.64411: Next major resistance where sellers might step in. - 2nd Target at 0.64972: A higher resistance level for extended bullish targets. ? Price Action & Gaps - A previous gap in price was filled, confirming strong bullish momentum. - Retests of previous breakout zones suggest market structure is holding. ? Expected Market Movement ▪️ Bullish Scenario: - A potential pullback to the trendline & POI is expected before a continuation upward. - If support holds, price may rally towards 0.64411 (1st Target) and then 0.64972 (2nd Target). ▪️ Bearish Scenario: - If the price breaks below the trendline, a move towards 0.62500 support may occur. - Further downside could invalidate the bullish bias. ? Conclusion ▪️ Overall bias remains bullish unless the price breaks below the trendline support. ▪️ Watching the POI zone reaction will be crucial for potential buy opportunities. ▪️ Targets remain at 0.64411 and 0.64972 if bullish momentum continues. ? Don't Forget To Hit The Like Button & Share Your Ideas In Comments.
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.