The big imbalance with lots of volume has been mitigated, I now speculate that price will drop lower in to the demand zones below before going back up again.
TON, sellers are showing their weakness, it's a good time to buy Three times sellers tried to sell the price lower, and the movement each time became smaller, the last movement with no volume showed the complete powerlessness of sellers, and gives a good entry point to buy. I'm going in with a potential of 1:4 ? Trade with the professionals of THS - Wave Theory! ? All trades are based on wave analysis. ? Fixed stop loss and take profit for risk management. ? 100% automation: copy trades through CopyFX service. ? Reliability and transparency: the results are confirmed by the market. ? Don't miss the chance to earn steadily! ? Connect to CopyFX with THS and start copying profitable trades right now! ? Details on our channel and in the app!
Solana ( PHEMEX:SOLUSDT.P ) has been relatively subdued during the recent November and December 2024 bull run, rising approximately 100%, a stark contrast to its explosive growth of over 1000% during the October 2023 to March 2024 rally. However, the fundamentals of Solana remain robust, with its Total Value Locked (TVL) increasing from $0.3 billion in October 2023 to an impressive $9.5 billion today—a staggering 3166% rise. This demonstrates that Solana’s ecosystem is stronger than ever. In this article, we’ll analyze possible scenarios for SOL’s price movement over the next few days and provide actionable trading strategies to help you trade like a pro. 1. Bullish Breakout Scenario Since January 1, 2025, SOL has rebounded by 17%, currently consolidating around the $210 level as it gathers momentum for its next potential move. If SOL manages to break through the $234 resistance level and subsequently surpass $247, there’s a high probability that it could continue its upward trajectory and form a new all-time high (ATH). This bullish momentum could be fueled by developments such as the launch of Solana ETFs or advancements in AI agent integrations within its ecosystem. Trading Strategy: If SOL breaks above $234 with high trading volume, consider opening a Long position. And set your stop-loss at $210 to manage risk effectively. Remember to monitor key news or announcements that could act as catalysts for further price surges. 2. Bearish Drop Scenario On the downside, if SOL fails to hold above $210 and breaks below this level with significant volume, it could trigger a drop toward the $180 or $175 support levels. Should overall market sentiment turn bearish—especially if Bitcoin also declines—SOL might test deeper support zones at $155 or even $135. Trading Strategy: For advanced traders, consider opening a Short position if SOL drops below $210 with substantial volume. Take profits at key support levels such as $180 or $175. For long-term holders, these levels ($180, $175, $155, and $135) present potential buy-the-dip opportunities based on your risk tolerance. Key Considerations for SOL Traders I. Fundamental Strength: Solana’s growing TVL and ecosystem development are strong indicators of its long-term potential. Keep an eye on updates such as ETF launches or institutional adoption. II. Technical Indicators: The Relative Strength Index (RSI) is currently above the midpoint, signaling potential bullish momentum. Watch closely for price action around key resistance levels ($234 and $247) and support levels ($210, $180). III. Market Sentiment: Recent data shows a net inflow of $224 million in SOL to centralized exchanges over the past week—a trend that could signal increased selling pressure or preparation for derivatives trading. Be cautious of sudden shifts in sentiment. Conclusion Trading SOL like a pro requires adapting your strategy to evolving market conditions. Whether you’re aiming to capitalize on a bullish breakout or hedge against a bearish drop, understanding key price levels and market dynamics is crucial. Always combine technical analysis with fundamental insights and practice disciplined risk management. By staying informed and prepared for multiple scenarios, you can navigate Solana’s market movements with confidence and precision. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Gold's movement this week suggests a mix of bullish and bearish activity, reflecting the market's reaction to economic data and global events. After rising more than 1% on Tuesday, gold gave up some of its gains by Friday, likely due to profit-taking, a stronger U.S. dollar, or increased bond yields. Key Factors Influencing Gold: 1. Tuesday's Rally: Likely driven by weaker U.S. economic data or geopolitical concerns. Investors seeking safe-haven assets may have pushed prices higher. 2. Friday's Pullback: Profit-taking after the mid-week rally. A stronger U.S. dollar or higher Treasury yields, which typically weigh on gold. Positive market sentiment in risk assets may have diverted attention from gold. Outlook: Support Levels: Gold could test its support zones if bearish momentum persists (e.g., 2620 as per your earlier comment). Resistance Levels: If bullish sentiment resumes, watch for a retest of key levels like 2650 or 2690. Keep an eye on economic data releases, Federal Reserve commentary, and geopolitical news for further price direction. Based on the provided information, here's a quick analysis for XAU/USD: Sell Entry: 2645 Support Level: 2620 (Take Profit Zone for Sell) Resistance Level: 2690 Long Target: 2650 (for potential Buy positions after hitting support) Sell Signal: If XAU/USD is currently around 2645, and no strong bullish pressure is evident, this level could be considered for a sell entry. A potential take profit (TP) would be at the support level of 2620, while a stop loss (SL) should be placed above the resistance level of 2690 to minimize risk. Key Notes: If price breaks below 2620, further downside movement is possible. Be cautious of reversals near support levels, as buyers may step in. Always consider risk management strategies when placing trades.
It was impossible not to make money! What will happen next? We saw a predictable upward exit from accumulation. How could we have known about it in advance? Starting from December 20, the buyer took the leading position in the market, which was clearly reflected in the chart. The key moment for full confirmation of the buyer's strength was the last two days of the past year, when liquidity was removed from the lows of the downtrend and a strong reaction from this zone was demonstrated. What's next? At the moment I am holding a bitcoin long taken just below the $94600 mark, for which you can find evidence in my Tg by clicking on the link below the post. I consider the level of 107000$ per coin as a good profit taking point, but it doesn't mean that I don't expect the market to rise further after reaching this price) ? Trade with the professionals of THS - Wave Theory! ? All trades are based on wave analysis. ? Fixed stop loss and take profit for risk management. ? 100% automation: copy trades through CopyFX service. ? Reliability and transparency: the results are confirmed by the market. ? Don't miss the chance to earn steadily! ? Connect to CopyFX with THS and start copying profitable trades right now! ? Details on our channel and in the app!
Good morning, everyone! Today's Nasdaq analysis is designed to educate and empower. Use these insights to refine your price action trading strategy.
As of press time on Tuesday (January 7), OANDA:XAUUSD Spot delivery maintains a moderate recovery trend during the day, with gold prices currently around 2,639 USD/ounce. Gold prices continue to stabilize, with technical trends unchanged from previous releases. During this trading day, US macro data will be in focus with the data mentioned below expected to create significant volatility in the short term. Today (Tuesday), the U.S. Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey (JOLTS). This important employment data is expected to cause large fluctuations in gold prices this trading day. Economists predict that there will be 7.7 million JOLT job openings in the United States in November, compared with 7.744 million in October. The JOLTS job vacancy report was one of the labor force indicators that U.S. Treasury Secretary Yellen valued most when she was chair of the Federal Reserve. This index is also labor market data that the Fed is very interested in. Additionally, on the same day, the US ISM non-manufacturing purchasing managers index (PMI) for December will be published and is expected to be 53.5, compared to the previous value of 52.1. In terms of technical structure, OANDA:XAUUSD Still mainly accumulating activities with price activities sticking around the EMA21 line. And the cumulative sideways trend is depicted by the purple price triangle. On the other hand, the Relative Strength Index is also sticking around 50, showing that market sentiment is also hesitant and waiting for a significant fundamental impact to create a short-term trend. During the day, the technical outlook for gold prices is neutral, moving sideways and accumulating with notable levels that will be listed as follows. Support: 2,634 – 2,604 – 2,600USD Resistance: 2,664 – 2,693USD SELL XAUUSD PRICE 2658 - 2656⚡️ ↠↠ Stoploss 2662 →Take Profit 1 2651 ↨ →Take Profit 2 2646 BUY XAUUSD PRICE 2623 - 2625⚡️ ↠↠ Stoploss 2519 →Take Profit 1 2630 ↨ →Take Profit 2 2640
As now the chart goes to make a Bullish Pennant pattern after bouncing back stronger from its Fibonacci golden area of 0.382 the price apparently tries to move upward, I forecast once it breaks it will hit the second target of the Fibonacci point 1.618.
NASS100 break the last LH print new HH WE have bullish divergence in H1 if its come to retest the resistence become suppoprt level then its good to buy
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