Based on recent technical analysis from reliable sources, we present five trades for today including Bitcoin, Ethereum, Solana, Cardano, and XRP, with specific entry points, stop-loss levels, and profit targets based on key support and resistance and technical indicator signals.
Trade Details
1. Bitcoin (BTC/USDT)
Entry Point: Buy at 65,200 after the recent drop to this support and resumption of upward momentum. Blockchain News
Stop Loss: 64,000 to avoid further decline in case of support breakdown.
Profit Target: 70,000 as it tested resistance at 70,025 during the previous rebound. News
2. Ethereum (ETH/USDT)
Entry Point: Buy at the breakout of 1,750 with confirmation of daily close above this level. ZebPay
Stop Loss: 1,600 to monitor potential correction within the descending channel.
Profit Target: 2,100 according to the resistance analysis at 1,750 and the continuation of positive momentum. ZebPay
3. Solana (SOL/USDT)
Entry Point: Buy at 163 after the completion of the bullish pattern and breakout of resistance at 162. $ADA
Stop Loss: 158 based on moving average signals and support from 50/200 EMA.
Profit Target: 180 expected after regaining upward momentum and breaking the next resistance.
4. Cardano (ADA/USDT)
Entry Point: Buy at the breakout of resistance 0.75 after $20M ADA exited the exchanges; indicating long-term accumulation. Coinfomania
Stop Loss: 0.5680 based on technical support and RSI recovery above 50. Pintu: All-in-One Crypto App
