? Welcome to TradeCityPro Channel! Let’s analyze POL, formerly known as MATIC, due to your frequent requests. ? ? Overview Bitcoin Before starting, let’s take a look at Bitcoin. In the 1-hour timeframe, it is currently fluctuating below the 98807 resistance. This resistance has been tested multiple times, indicating a high probability of breaking through. It seems likely that Bitcoin dominance will increase along with this potential upward movement. Therefore, it might be better to either Open a position on Bitcoin itself, Look for altcoins that show a bullish trend against Bitcoin and take triggers to open positions, Just make sure to watch out for Bitcoin’s low volume. https://www.tradingview.com/x/Nt0lFLe5/ ? Weekly Timeframe MATIC, which once ranked well in the market, is now underperforming. The repeated blockchain hacks have caused significant damage to its ecosystem, leading to the rebranding from MATIC to POL. MATIC could have remained among the top 10 coins, but poor project management caused DeFi activities and TVL to shift to platforms like Solana, SUI, and Base. Personally, I wouldn’t consider buying MATIC unless its DeFi ecosystem becomes active again. For those interested in purchasing, buying above 0.7629 could be an option, but only if the volume increases for both the coin and its chain. If you have been holding MATIC for some time, I suggest selling below 0.3636 in the weekly timeframe. On lower timeframes, I can suggest other exit points. Alternatively, you can use DeFi platforms to create USDT liquidity using borrow & lend mechanisms. Note that MATIC faked the 0.3636 support and rebounded with a bullish engulfing candle, creating a new upward move. Personally, I might become interested in this coin after 1.2457. ? Daily Timeframe After bouncing from 0.2922, MATIC had a solid upward movement. However, most coins experienced similar trends, so it cannot be said that MATIC outperformed. If the price doesn’t drop below 0.4738, it can be considered a sign of gradual recovery. This level is significant both from a Dow Theory and Fibonacci perspective. If 0.5794 resistance isn’t broken and the price gets rejected, there is a high probability of losing the 0.4738 support. I recommend selling your holdings if the 0.4738 level breaks and you have purchased at higher levels. However, if your entry was at 0.3623 or lower, you can continue holding and exit risk-free. https://www.tradingview.com/x/TY425WlA/ ⏰ 4-Hour Timeframe MATIC is currently stuck below the 0.5316 resistance and fluctuates within the range of 0.4654 to 0.5316. ? Long Position Trigger I would personally avoid this coin due to its low volume. However, after breaking 0.5316, you can open a risky long position if you’re comfortable with the risk. I’d still prefer to long Bitcoin instead. ? Short Position Trigger given the weak condition of this coin, you can consider opening a short position below 0.4654. Keep in mind that your short trades should have quick profit-taking and small stop-losses to exit the market efficiently. https://www.tradingview.com/x/NFYPkSIO/ ? Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
We are at a critical point where we can go up with a 62.80% chance or down with a 37.20% chance. Stay cautious.
USDT Index chart (monthly timeframe). We need to wait until the end of December 2024 to see how the monthly candle closes. Based on Elliott Wave theory, are we at the end of wave 4 and starting a bullish wave 5?"
btcusdt short conditional (stop sell) ?Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position ⛔️INSTRUCTIONS 1: Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss ⛔️INSTRUCTIONS 2: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20
Recently made a HL on Daily TF. However, Bullish Momentum will continue once the price will cross 52. 43 - 44 may act as an Immediate Support, & if it Sustained on Weekly basis, we may witness 50 again. But if 41 is broken, it may expose new lows around 36 - 37.
Overall bullish trend Waiting for breakout in the consolidation zone Targeting 102.000-103.600
As we cab see the price bounced from that support level multiple times, and this time not only boncing from it , this time clearly have swept the liquidity from tha recent low , and have given as a good reaction and a good confirmation to the up side , possibly headed to the previous high ( HRLR)
ltcusdt long ?Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position ⛔️INSTRUCTIONS 1: Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss ⛔️INSTRUCTIONS 2: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20
POP POP POP POP POP POP POP POP POP POP MAKE IT STOP NO. Too many shorts. Too cult like to fail. Hasn’t been listed on coin base or robinhood which I theorize happens in Quarter 1 2025. Short term targets highlighted between the 4-5$ range. Easiest cat trade to take on solana.
HARDUSDT is exhibiting a potential falling wedge pattern, signaling an imminent breakout as it approaches the critical breakout zone. We should focus on the accumulation zone for strategic entry, as this area offers optimal opportunities to load up. Targets have been clearly outlined on the chart, ranging from short-term gains to the final setup zone. Ensure steady accumulation and hold for the projected bullish move.