This news can be good for Pakistani traders. According to the government, money is being sent out of the country through cryptocurrencies, and the government has no transaction records. Because of this, the government is not getting any benefit, and it is impacting Pakistan’s economy.
It is possible that, in order to control this money laundering, the government may now legalize crypto so that every crypto transaction comes under government records. But remember one thing: if cryptocurrency becomes legal, the government can impose tax on profits. In India, it’s 30%. In the USA, trading is considered property, which is why it has a capital gains tax of up to 37%. And in Pakistan, the government may also impose a tax of 25% to 40% on profits.
BANANAS31 is in a continuous bullish trend, following a trend line. As long as BANANAS31 holds this trend line, there are no chances for a retest (of lower levels). There are two possible entries for BANANAS31: If it breaks the trend line downwards, we can short it, targeting at least the 50% retracement level (the zone between $0.003250 - $0.003600). If it does not break the trend line downwards and instead mitigates the upper Order Block, we can also short it from that zone (between $0.005150 - $0.005440), targeting the $0.003250 - $0.003600 level.
BANANAS31 is in a continuous bullish trend, following a trend line. As long as BANANAS31 holds this trend line, there are no chances for a retest (of lower levels). There are two possible entries for BANANAS31: If it breaks the trend line downwards, we can short it, targeting at least the 50% retracement level (the zone between $0.003250 - $0.003600). If it does not break the trend line downwards and instead mitigates the upper Order Block, we can also short it from that zone (between $0.005150 - $0.005440), targeting the $0.003250 - $0.003600 level.
BTC has been holding the 4H support quite strongly, which is a sign that BTC might reverse from here. However, for confirmation, if BTC breaks $97k and closes a candle above this level, it will be a confirmed trend reversal sign, and we can long BTC. The initial target is the $104k - $106k zone. If that zone is broken, the next targets are $109k - $112k. If anyone wants to long now, they can do so with a small margin, but the stop loss must be exactly below the 4H Order Block, meaning below $92.9k.
$KITE has successfully breakout a bullish pattern and retested now heading towards the targets and expected to be high volatile in few hours. You can long it now and hold few hours.
#mi_395 BTC dropping exactly according to the technical analysis and currently BTC took the major liquidity below 98k and tapped to a strong unmitigated demand which technically can reverse the trend to the bullish.
BTC Buy ( Long ) here Entry ( 93k - 96k ) SL ( 86.5k )
Targets 🎯 98k 101k 103k 105k 107k 109k 112k
Note: do your own analysis as well. #MarketPullback #BuiltonSolayer #PowellWatch $BTC {future}(BTCUSDT)
$KITE has successfully breakout a bullish pattern and retested now heading towards the targets and expected to be high volatile in few hours. You can long it now and hold few hours.
$ROSE is in a perfect setup , trying to break a bullish pattern. On the retest we can long ROSE and hold it for maximum targets an expected maximum target is 0.02500.
$ROSE is in a perfect setup , trying to break a bullish pattern. On the retest we can long ROSE and hold it for maximum targets an expected maximum target is 0.02500.