Convex Finance ($CVX ) is showing strong bullish momentum as the price surges to $3.40 (+9.02%) 📈. With increasing volume and a clean breakout from consolidation, bulls are in control! 💪
🔍 Key Levels:
Current Price: $3.40
Resistance Levels:
$3.47 (Immediate) ❗
$3.60 (Next target) 🎯
Support Levels:
$3.30 (Minor) 🟢
$3.05 (Major support) ✅
📊 Trade Setup:
🟢 LONG Entry: On retest of $3.30–$3.35 zone 🎯 TP1: $3.47 🎯 TP2: $3.60 🔴 SL: Below $3.05
🔍 TECHNICAL ANALYSIS: $AUCTION /USDT has exploded upward, breaking past key resistance and forming a strong bullish structure. This move is supported by high volume, confirming bullish momentum.
📈 TECHNICAL OUTLOOK: AVAX/USDT is showing strength after bouncing from the key support near $20.20, forming higher lows and now testing the minor resistance around $21.20. A breakout above this level can ignite a bullish move.
🧠 RISK MANAGEMENT: Risk only 1-2% of your capital per trade. Use position sizing and SL strictly to protect equity. Avoid chasing – wait for breakout confirmation. 📉🛑
BNB is showing signs of weakness after failing to hold above key levels. The price has retraced from the recent high of $697.24 and is now trading at $685.71 (-1.25%).
🔍 Key Levels:
Resistance: $697.00 – $700.00 ❌
Support: $679.00 ✅ | $670.00 🔻
Current Price: $685.71
📉 Bearish Trade Setup:
Entry (Short): $686 – $690
Take Profits:
TP1: $679
TP2: $670
TP3: $658
Stop Loss: $698
🛡️ Risk Management: Use 2–3% of your capital. Always place your SL to avoid unexpected reversals.
XRP is currently trading at $2.7717 (-0.60%), showing weakness after failing to reclaim the recent high of $2.9750. The price action is leaning bearish with signs of rejection at key resistance.
🔍 KEY LEVELS 🔺 Resistance:
$2.9750 (24h High)
$2.90 (Previous consolidation area)
$2.85 (Local resistance zone)
🔻 Support:
$2.70 (Psychological support)
$2.6596 (24h Low)
$2.60 (Major demand zone)
📉 TRADE SETUP — SHORT ENTRY Entry: $2.77 - $2.79 Stop Loss (SL): $2.83 above resistance Take Profits (TP): ➡️ TP1: $2.70 ➡️ TP2: $2.66 ➡️ TP3: $2.60
💼 RISK MANAGEMENT: 🔸 Use 1-2% of your capital per trade 🔸 Stick to the SL — do not overleverage 🔸 Adjust position size based on risk-reward (minimum 1:2)
Market Outlook: The current price is around $7.39 showing bullish recovery with a recent move of +2.64%. Momentum is building, suggesting a potential bullish breakout if the price holds above key support. 🔥
Key Levels:
Resistance: Watch the upper zone around $7.47 - $7.50. A breakout here could signal further upside.
Support: Immediate support is identified near $7.30 with a tighter cushion around $7.20. These levels could act as a safety net in case of a pullback. 🔑
Trade Setup:
Entry: Consider a Long position if the price continues to stabilize above $7.39.
Target (TP): Aim for $7.70, aligning with an optimistic uptrend.
Stop Loss (SL): Place stop loss below the immediate support at $7.30 to manage downside risk. 📊
Gains Network ($GNS ) has shown strong momentum with a +11.66% daily gain, currently trading at $1.704. The price recently bounced from the $1.495 support and pushed close to the $1.962 resistance, signaling a potential bullish continuation. 🔥
🔹 Key Levels:
Resistance: $1.962 🧱
Support: $1.495 🛡️
Current Price: $1.704 ⚡
📊 Technical Outlook: Volume is rising and price is reclaiming the mid-range after a strong recovery. A clean breakout above $1.80 could open doors for a rapid rally toward the $2+ zone.
🟢 LONG TRADE SETUP:
Entry: $1.72 – $1.76
Target 1 (TP1): $1.92 🎯
Target 2 (TP2): $2.10 🎯
Stop Loss (SL): $1.61 ❌
📌 Risk Management: Risk only 1-2% of your capital per trade. Always use SL to protect your funds. 🛡️💼
📈 Market Structure: PROM has broken above a short-term consolidation range with strong volume. Sustaining above $7.30 supports bullish continuation, especially if $7.64 is cleared.
⚠️ RISK MANAGEMENT: 🔹 Use 1-2% of capital per trade 🔹 Trail SL above entry once TP1 hits 🔹 Avoid overleveraging in volatile moves 🚨
$ZEN /USDT BEARISH PRESSURE BUILDING BELOW RESISTANCE ⚠️📉
🔍 Current Price: $7.17 🔻 24h Change: -1.65%
📊 KEY LEVELS:
Resistance: $7.30 🔼
Intermediate Resistance: $7.25
Support: $6.93 🔽 (Key Breakdown Zone)
💣 TRADE SETUP (SHORT):
Entry: $7.15 - $7.20
Targets: 🎯 TP1: $7.00 🎯 TP2: $6.80 🎯 TP3: $6.60
Stop Loss: $7.32 🔒 (Above resistance wick)
📉 Market Structure: ZEN is showing lower highs with rejection at $7.30 and fading buying volume. A break below $6.93 could open room for further downside.
⚠️ RISK MANAGEMENT: 🔹 Use only 1-2% capital per trade 🔹 Confirm close below $7.00 for momentum 🔹 Protect with SL to avoid unexpected spikes 🚨
$BCH /USDT BEARISH SETUP AS MOMENTUM COOLS DOWN 📉⚠️
🔍 Current Price: $487.4 🔻 24h Change: -1.46%
📊 KEY LEVELS:
Resistance: $495.0 🔼
Intermediate Resistance: $490.0
Support: $468.8 🔽 (Critical Zone)
💣 TRADE SETUP (SHORT):
Entry: $487 - $490
Targets: 🎯 TP1: $475 🎯 TP2: $468 🎯 TP3: $455
Stop Loss: $496 🔒 (Above resistance breakout)
📉 Market Structure: BCH has formed a lower high below $495 and is struggling to break $490. Volume is weakening, signaling potential for a short-term correction toward the $468 zone.
⚠️ RISK MANAGEMENT: 🔹 Limit exposure to 1-2% per trade 🔹 Wait for confirmation candle below $485 🔹 Stick to SL to avoid volatile wicks 🚨
📉 Market Structure: MKR is showing strong rejection near $1,933 and forming lower highs. Current price action is leaning bearish with fading bullish momentum and volume drop.
⚠️ RISK MANAGEMENT: 🔹 Risk only 1-2% of total capital 🔹 Use tight SL above resistance to avoid traps 🔹 Confirm breakdown below $1,860 before full entry 🔐