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Jahanzeb_Suri
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$TAO
SHORT LIMIT ZONE FOR SCALPING 342-350*
SL 355
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$BTC BTC BUY LIMIT ZONE 108800-109800* SL 108500
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$BTC BTC/USDT ANALYSIS Bitcoin is encountering rejection at the resistance trendline of the descending channel, with the 200MA reinforcing a strong resistance barrier above the current price action. Until a decisive breakout or breakdown occurs, it is crucial to monitor upcoming price movements to confirm the next directional trend.
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Stop loss and position size are closely linked. When you increase your stop loss, it's wise to reduce your position size. Conversely, if you decrease your stop loss, you have the flexibility to increase your position size. Grasping this relationship can help you manage your account more effectively!
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#TOTAL MARKET CAP ANALYSIS The total crypto market cap is rebounding from the horizontal demand zone of a descending triangle pattern but is currently facing rejection at the resistance trendline. The Ichimoku Cloud is acting as a resistance barrier above the price action. A solid breakout of both the pattern and the cloud will confirm a bullish trend. Keep an eye on it.
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🇺🇸 TODAY: The US Commerce Dept has published Q2 GDP data on Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum, Polygon & Optimism, with distribution via Pyth and Chainlink.
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