#CMEBitcoinSpotTrading CME gap is almost filled but still i | shonapro on Binance Square

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#CMEBitcoinSpotTrading  CME gap is almost filled but still it can go to 85‼️‼️‼️
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Trade Setup for DOGE/USDT Since the trend is still uncertain, we will use a strategy based on confirmation of breakout or rejection. ⸻ 1. Long (Buy) Setup – If Uptrend Confirms ✅ Entry: Above 0.16917 (previous high) 🚀 Target 1: 0.17150 (resistance level) 🎯 Target 2: 0.17350+ (strong breakout level) 🛑 Stop-Loss: 0.16700 (below key support) 💡 Reasoning: If price breaks above 0.16917 and holds, it confirms a higher high, signaling an uptrend. ⸻ 2. Short (Sell) Setup – If Downtrend Resumes ✅ Entry: Below 0.16536 (previous low) 📉 Target 1: 0.16350 (next support) 🔻 Target 2: 0.16100 or lower 🛑 Stop-Loss: 0.16750 (above resistance) 💡 Reasoning: If price breaks below 0.16536, it confirms a lower low, signaling a continuation of the downtrend. ⸻ Risk-Reward Consideration: • Long trade: Risk ≈ 1.2%, Reward ≈ 2-3% (RRR: 1:2 or better) • Short trade: Risk ≈ 1.3%, Reward ≈ 2-3% 💡 Tip: Wait for a clear breakout with volume before entering. Fake breakouts are common in choppy markets.

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Help please!! #WORDOFTHEDAY✅

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Based on the chart, the lowest price in the last 24 hours is $0.16570. If the bearish trend continues, it might retest this level or even drop lower, depending on market sentiment and support levels. Key observations: • The price is below the 7-day moving average (MA7: 0.16948), showing short-term weakness. • The Relative Strength Index (RSI) is around 40-45, indicating that the asset is not oversold yet, meaning there could still be room for further downside. • The next major support level appears to be around $0.16570, the previous low. If selling pressure increases, a further dip below $0.16570 is possible, but a reversal could happen if buyers step in near that support. Would you like a deeper technical analysis on support and resistance levels?

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