Market Analysis: BCH Trend: Possible Uptrend Take Profit: | T W AM on Binance Square

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Market Analysis: BCH
Trend: Possible Uptrend
Take Profit: $494
Stop Loss: $248
#BCH 

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📊 Market Analysis: BCH Take Profit ➤ Overview: Based on the current daily price action, I have decided to take profit on BCH at this point. I will consider re-entering if a possible continuation pattern emerges. ➤ Monthly Chart Review: The candlestick formation does not resemble a hammer. BCH is not positioned at a strong support level, especially when compared to other coins like BAT. ➤ Risk Management: Given these observations, I prefer not to take unnecessary risks at this time. I will upload the three images for this analysis later, as the network is currently a bit unstable. #BCH

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📊 Analysis: Market Analysis: Possible Retracement Zone In our previous analysis, we discussed BTC, ETH, and LINK, identifying potential profit-taking zones as the market was rising. Now, the market has reached these levels. Since these areas were previously zones of interest, they could act as potential bearish reversal points. 📌 BTC (Bitcoin) 📊 Analysis: If the Inverted Hammer closes on the 12-hour timeframe, it could signal a sell opportunity. Action: SELL Stop Loss: 88.85K Take Profit: 78.3K 📌 ETH (Ethereum) 📊 Analysis: If the trade closes with a Harami Candle on the 12-hour timeframe, it could indicate weakness in the uptrend due to low activity. Action: SELL Stop Loss: 2106 Take Profit: 1833 --- 📌 LINK (Chainlink) 📊 Analysis: The 12-hour chart shows a candle resembling a Hammer, but its long head makes it less of a classic hammer. However, it could also be considered a Harami. Meanwhile, the 6-hour chart clearly shows an Evening Star Reversal Pattern. Action: SELL Stop Loss: 15.4 Take Profit: 12.5 ⚠ Note: This is just my personal market perspective. Always wait for candles to fully close before entering trades, and trade with caution! $BTC

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📊 Market Update: AAVE and Others The market has been showing an upward trend, which is visible on lower timeframes. At this point, we could see a retracement to test a key support zone. If a rejection occurs and a 12-hour hammer candlestick is maintained, there is a possibility of the market closing as a daily hammer, signaling further bullish momentum. Possible Action: BUY Stop Loss (SL): $182.10 Take Profit (TP): $229 📊 Market Structure Insight: We are also seeing hammer formations on the monthly timeframe for several coins, at a strong support levels. If these formations are confirmed, it could signal the start of a bull run! 💎 Coins to Watch & Hold for long-term ALCX BAT THETA BOND #AAVE #ALCX #BAT #THETA ⚠️ Trade with caution & manage your risk wisely! 🚨

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The close looks tricky. Instead of closing as an inverted hammer, it changed to a doji in the last 5 minutes. Although a doji also indicates weakness, it is not as strong as an inverted hammer. Trade with extreme caution.

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Market Update: A Further Look at Ton Coin Let’s clear something up—my previous post on Ton was not about the recent one-hour timeframe drop 📉. Instead, I’m focusing on the higher timeframe setup, which is what truly matters. 🔍 Key Observations: Looking at the 3-day timeframe, if by the end of today the 3- days closes, we would call it an inverted hammer. However, since it closes tomorrow, we need to wait and see what happens. Now, let’s go deeper The monthly candlestick has already formed a hammer . This brings up some important questions: 🔹 Will the market stay at this level for the next 10 days? 🔹 Will the market keep pushing higher 📈, changing the hammer structure? 🔹 Will the market move downward ? 🔹 Will the market drop first, then recover before the monthly candle closes? ⏳ Patience is key! Let’s watch closely. 👀 ⚡ Remember: Trade what you see, not what you think! #VoteToDelistOnBinance

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