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Price broke through the resistance level and retested it, indicating a potential move towards the next resistance area. Consider opening long positions if the price drops to the support level.
SUI moved as expected and tested the resistance area. The long position gave more than 30% profit from the entry point. You can book some profit here and hold the rest with tight stop loss. A break above the resistance area will send the price towards the $0.90 level.
Bitcoin is currently experiencing a period of low volatility, with no clear indications of a breakout in either direction. The good thing is price is able to hold the support levels.
Hate rate alone has seen an increase of 8% over the last 7 days. Miners are bullish on BTC and accumulating BTC because of the BTC halving event. This is good for Bitcoin network security and decentralisation.
Price has been rejected from a resistance area and is now testing a support area. We anticipate a bounce from the support area and suggest opening a small long position with a tight stop loss.
ICP breaks above the major resistance area and price is now retesting the level. You can open small long position here with tight stop loss. The next major resistance level is $15.
NEO is been rejected multiple time s from the resistance area of $13.55 - $13.71 and on LTF its kinda consolidating. Price is expected from the support area of $11.54 - $11.94. Right now, price is indecisive at the moment, so better wait for the price to reach out those area to taking potential setups.
MATIC has been rejected from the resistance area. If you have long positions open, increase your stop loss to the breakeven point and hold. We may see a move towards the resistance area again.
LTC seems to be lagging behind other large marketcap coins. While we have witnessed a good rally in other large-cap coins, LTC is still awaiting its rally. However, we might see a good move after LTC breaks above the $75 level. If you are interested, you can consider building a small position here with a tight stop loss below the $65 level.
After breaking above the resistance area, the price faced a strong rejection, indicating a potential test of the support area. This zone can be considered for new entries.
#Bitcoin has failed to break the #trading range #resistance and its #price continues to move sideways. #Altcoins are showing good #rallies, so it's recommended to book #profit and increase stop loss in open positions.