Nedesousa
Analista gráfico desde 2020, especializado em price action e padrões técnicos. Experiência em suportes, resistências, triângulos, cunhas e ondas de Elliot.
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Technical Analysis ENA/USDT – Possible Continuation of Uptrend
After four months of free fall, ENA shows clear signs of reversal on the daily chart. The construction of bullish pivots started with the bottom at $0.2400, followed by higher highs and higher lows, with the most recent high at $0.5000. Currently, the price is pulling back and testing the region around $0.4050, an area of interest marked by the midpoint of the breakout candle from the 10th.
The RSI jumped from the oversold region to 59 points and remains above the moving average, indicating buying strength even during the correction. If the support between $0.3400 and $0.3600 holds, and the RSI stays above 50, there is potential for a new leg up towards $0.5600–$0.6000.
Invalidation scenario: A loss of $0.2800 on a daily close nullifies the bullish structure and returns the asset to a bearish bias.
After four months of free fall, ENA shows clear signs of reversal on the daily chart. The construction of bullish pivots started with the bottom at $0.2400, followed by higher highs and higher lows, with the most recent high at $0.5000. Currently, the price is pulling back and testing the region around $0.4050, an area of interest marked by the midpoint of the breakout candle from the 10th.
The RSI jumped from the oversold region to 59 points and remains above the moving average, indicating buying strength even during the correction. If the support between $0.3400 and $0.3600 holds, and the RSI stays above 50, there is potential for a new leg up towards $0.5600–$0.6000.
Invalidation scenario: A loss of $0.2800 on a daily close nullifies the bullish structure and returns the asset to a bearish bias.
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[TECHNICAL ANALYSIS – ENA/USDC | 4H CHART]
ENA has just broken a downward trend line and is consolidating above the former resistance of $0.36 — now a key support!
Setup summary (position trade):
Trend: Bullish (daily and 4h)
Daily RSI: Above 60
4h RSI: In healthy pullback (55)
Candlestick: Pin bar + inside bar at support
EMA 8 and 14 above 50: active bullish structure
Possible entry:
Buy zone: $0.3600–$0.3650 (pullback)
Stop-loss: $0.3450
TP1: $0.4180
TP2: $0.4500
As long as the price remains above $0.3590, the structure remains bullish. Total focus on price action in the next candles!
ENA has just broken a downward trend line and is consolidating above the former resistance of $0.36 — now a key support!
Setup summary (position trade):
Trend: Bullish (daily and 4h)
Daily RSI: Above 60
4h RSI: In healthy pullback (55)
Candlestick: Pin bar + inside bar at support
EMA 8 and 14 above 50: active bullish structure
Possible entry:
Buy zone: $0.3600–$0.3650 (pullback)
Stop-loss: $0.3450
TP1: $0.4180
TP2: $0.4500
As long as the price remains above $0.3590, the structure remains bullish. Total focus on price action in the next candles!
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[Technical Analysis] ENA may be preparing a new uptrend. Here is my strategic plan (against BTC and USDC)
1. ENA/BTC – Possible macro bottom formed
The ENA/BTC pair is emerging from a prolonged accumulation zone, having formed a double bottom with RSI divergence on the weekly.
It broke the downtrend line on the daily and is now between the 50 and 200-day moving averages, where I see medium-term accumulation.
Daily RSI at 48, with room to the strength zone (60+).
On the 4h, I am waiting for the RSI to pull back to 30–40 and for reversal price action (inside bar, engulfing, pin bar) to enter.
Trade plan for ENA/BTC:
Entry: zone of 0.0000120–0.0000128 BTC with confirmation
Stop-loss: below 0.0000118 BTC
Targets:
0.0000145 BTC
0.0000160 BTC
Long term: 0.0000200 BTC+
---
2. ENA/USDC – Strong candle on the daily, uptrend structure initiated
The ENA/USDC pair closed with a strong full-body candle (almost marubozu) on the daily, signaling clear strength from buyers.
Daily RSI at 63.6, in positive momentum zone.
The price is now above the 50-day moving average and also above the 8-week moving average, reinforcing the accumulation thesis.
On the 4h, the price rose strongly. I await a technical pullback with 4h RSI in oversold territory to seek a new entry.
Trade plan for ENA/USDC:
Entry: technical pullback at support on the 4h with RSI < 40 and reversal pattern
Stop-loss: below the support zone of the pullback
Targets:
1st target: $0.46 (last broken peak)
2nd target: $0.58
Long term: ATH at $1.20
Summary:
Both pairs show strength and signs of a bottom. My plan is to patiently wait for pullbacks on the 4h, with RSI in oversold territory and reversal price action. The structure is aligning — focus, discipline, and execution.
1. ENA/BTC – Possible macro bottom formed
The ENA/BTC pair is emerging from a prolonged accumulation zone, having formed a double bottom with RSI divergence on the weekly.
It broke the downtrend line on the daily and is now between the 50 and 200-day moving averages, where I see medium-term accumulation.
Daily RSI at 48, with room to the strength zone (60+).
On the 4h, I am waiting for the RSI to pull back to 30–40 and for reversal price action (inside bar, engulfing, pin bar) to enter.
Trade plan for ENA/BTC:
Entry: zone of 0.0000120–0.0000128 BTC with confirmation
Stop-loss: below 0.0000118 BTC
Targets:
0.0000145 BTC
0.0000160 BTC
Long term: 0.0000200 BTC+
---
2. ENA/USDC – Strong candle on the daily, uptrend structure initiated
The ENA/USDC pair closed with a strong full-body candle (almost marubozu) on the daily, signaling clear strength from buyers.
Daily RSI at 63.6, in positive momentum zone.
The price is now above the 50-day moving average and also above the 8-week moving average, reinforcing the accumulation thesis.
On the 4h, the price rose strongly. I await a technical pullback with 4h RSI in oversold territory to seek a new entry.
Trade plan for ENA/USDC:
Entry: technical pullback at support on the 4h with RSI < 40 and reversal pattern
Stop-loss: below the support zone of the pullback
Targets:
1st target: $0.46 (last broken peak)
2nd target: $0.58
Long term: ATH at $1.20
Summary:
Both pairs show strength and signs of a bottom. My plan is to patiently wait for pullbacks on the 4h, with RSI in oversold territory and reversal price action. The structure is aligning — focus, discipline, and execution.
hold
#SKLUSDT #TRUMP close or hilold
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you have three open positions, 40x leverage with cross margin.
Why I am getting loos day by day 😭🙏👋 expert helps please 🥺
$BIO
$BIO
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Complete technical analysis of ENA/USDC
Today I analyzed the ENA/USDC pair based on my 4h technical setup, validating several criteria for a possible position trade entry. Here are the main points of the analysis:
1. Trend and structure:
The asset broke a bearish structure on the 4h with a strong ignition candle, breaking a descending trendline and several horizontal resistances.
The movement created a sequence of higher lows and highs, suggesting an attempt at reversal.
On the daily chart, the price is still compressed, but with clear signs of recovery.
1. Trend and structure:
The asset broke a bearish structure on the 4h with a strong ignition candle, breaking a descending trendline and several horizontal resistances.
The movement created a sequence of higher lows and highs, suggesting an attempt at reversal.
On the daily chart, the price is still compressed, but with clear signs of recovery.
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best entry point is at 0.46
($ENA )
is trading at approximately $0.53.
Recent analyses suggest that $ENA is approaching a key resistance level between $1.25 and $1.35. If the price breaks above this range, it could signal a new upward trend. Conversely, important support levels are identified at $0.9440, $0.8099, and $0.6557, which may prevent further declines if the price corrects downward.
Given the current price of $0.53, entering a position near this level could be considered a buy zone. Setting a target around the $1.25 resistance level may be reasonable, offering potential gains if the price moves upward. To manage risk, a stop loss could be placed below the nearest support level, for example, at $0.65.
Please remember that investing in cryptocurrencies involves significant risks due to market volatility. It's essential to conduct thorough research and consider your financial situation before making investment decisions.
#AICrashOrComeback
$ENA
is trading at approximately $0.53.
Recent analyses suggest that $ENA is approaching a key resistance level between $1.25 and $1.35. If the price breaks above this range, it could signal a new upward trend. Conversely, important support levels are identified at $0.9440, $0.8099, and $0.6557, which may prevent further declines if the price corrects downward.
Given the current price of $0.53, entering a position near this level could be considered a buy zone. Setting a target around the $1.25 resistance level may be reasonable, offering potential gains if the price moves upward. To manage risk, a stop loss could be placed below the nearest support level, for example, at $0.65.
Please remember that investing in cryptocurrencies involves significant risks due to market volatility. It's essential to conduct thorough research and consider your financial situation before making investment decisions.
#AICrashOrComeback
$ENA
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📊ENA/USDC Technical Analysis
🔍 Summary: The ENA/USDC pair is in a correction phase and may be close to a buying opportunity, following the 4h setup.
📌 Step 1: Trend on Daily Chart (1D)
📉 The daily trend is no longer as strong upwards, with descending tops and bottoms.
📉 The 8, 12 and 50 period moving averages are sloping downwards, showing a loss of buying strength.
📉 The daily RSI is below 60, indicating that buyers have not yet regained control.
📌 Conclusion: Entry risk increases without a clear uptrend on the daily, but relevant support may offer a good opportunity.
📌 Step 1: Trend on Daily Chart (1D)
📉 The daily trend is no longer as strong upwards, with descending tops and bottoms.
📉 The 8, 12 and 50 period moving averages are sloping downwards, showing a loss of buying strength.
📉 The daily RSI is below 60, indicating that buyers have not yet regained control.
📌 Conclusion: Entry risk increases without a clear uptrend on the daily, but relevant support may offer a good opportunity.
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weekly chart
**ENA/USDC Technical Analysis: Where Are We and Where Are We Going?**
The ENA/USDC pair is at a critical juncture, with the price currently at **$0.5898**, registering a **-6.72%** drop in the last 24 hours. After a significant rejection at the resistance zone between **$0.76 - $0.77**, the price has entered a corrective phase and is now testing critical support levels. Let’s analyze the key takeaways and what to expect next.
Supports and Resistances
Resistances
- **$0.7683**: Last major rejection, where the price encountered strong selling pressure.
Supports and Resistances
Resistances
- **$0.7683**: Last major rejection, where the price encountered strong selling pressure.
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**ENA/USDC Technical Analysis: Where Are We and Where Are We Going?**
The ENA/USDC pair is at a critical juncture, with the price currently at **$0.5898**, registering a **-6.72%** drop in the last 24 hours. After a significant rejection at the resistance zone between **$0.76 - $0.77**, the price has entered a corrective phase and is now testing critical support levels. Let’s analyze the key takeaways and what to expect next.
Supports and Resistances
Resistances
- **$0.7683**: Last major rejection, where the price encountered strong selling pressure.
Supports and Resistances
Resistances
- **$0.7683**: Last major rejection, where the price encountered strong selling pressure.
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The current price of Bitcoin is $98,147.00.
Considering that the first known price of Bitcoin was $0.00099 in October 2009, the percentage increase so far is approximately 9,913,636,263%.
This means that since its creation, Bitcoin has increased in value by approximately 9.9 billion percent.
Considering that the first known price of Bitcoin was $0.00099 in October 2009, the percentage increase so far is approximately 9,913,636,263%.
This means that since its creation, Bitcoin has increased in value by approximately 9.9 billion percent.
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📊 ENA/USDC Technical Analysis – Three Time Frames 📊
The ENA/USDC pair has been showing interesting movements, with the potential for a strong move soon. Here is a detailed analysis of the three main time frames:
🔹 Monthly Chart (1M)
📈 After a sharp drop, the price has shown a significant recovery.
🚀 The main resistance is located between $0.90 and $1.00, where there has already been rejection.
🛑 The most relevant support is at $0.46, which could be tested if the structure weakens.
📊 High volume suggests strong interest in this area, which may indicate accumulation before a next directional move.
🔸 Daily Chart (1D)
📊 The moving averages are increasingly compressed, signaling a possible expansion of volatility. 📍 The price is consolidating after an upward movement, which could indicate accumulation before a new upward attempt.
📉 If it loses the bullish structure, the support at $0.46 could be the next target before a possible new push.
🔻 4H chart (4H)
📊 The price action is showing some weakness, with clear rejections in the resistance zone.
📍 The closest support is at $0.60 - $0.62, where the price could find liquidity to hold.
🚀 If it manages to regain strength and break $0.70, it could continue its rise towards the $0.90 - $1.00 zone.
📌 Conclusion
ENA/USDC is in a decisive zone. If it maintains the bullish structure, it could test $1.00. However, if it loses support, a pullback to $0.46 could happen before a new upward movement. Monitoring price action and price reaction to critical zones will be essential to validate the next move!
🔍 Pay attention to market signals and risk management! 🔥
#ENA#Crypto#TechnicalAnalysis#PriceAction #BinanceSquare
The ENA/USDC pair has been showing interesting movements, with the potential for a strong move soon. Here is a detailed analysis of the three main time frames:
🔹 Monthly Chart (1M)
📈 After a sharp drop, the price has shown a significant recovery.
🚀 The main resistance is located between $0.90 and $1.00, where there has already been rejection.
🛑 The most relevant support is at $0.46, which could be tested if the structure weakens.
📊 High volume suggests strong interest in this area, which may indicate accumulation before a next directional move.
🔸 Daily Chart (1D)
📊 The moving averages are increasingly compressed, signaling a possible expansion of volatility. 📍 The price is consolidating after an upward movement, which could indicate accumulation before a new upward attempt.
📉 If it loses the bullish structure, the support at $0.46 could be the next target before a possible new push.
🔻 4H chart (4H)
📊 The price action is showing some weakness, with clear rejections in the resistance zone.
📍 The closest support is at $0.60 - $0.62, where the price could find liquidity to hold.
🚀 If it manages to regain strength and break $0.70, it could continue its rise towards the $0.90 - $1.00 zone.
📌 Conclusion
ENA/USDC is in a decisive zone. If it maintains the bullish structure, it could test $1.00. However, if it loses support, a pullback to $0.46 could happen before a new upward movement. Monitoring price action and price reaction to critical zones will be essential to validate the next move!
🔍 Pay attention to market signals and risk management! 🔥
#ENA#Crypto#TechnicalAnalysis#PriceAction #BinanceSquare
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🚀 ENA/USDC Breaks Key Moving Averages! Could This Be the Start of a New Uptrend? 🔥
The ENA/USDC pair has just broken important moving averages on the 4H chart, including the 50 MMA and the 8-week MMA, signaling a possible start of recovery. Additionally, on the daily chart, the price closed above the 200 MMA, an important milestone for the long-term trend!
📊 Technical Analysis:
✅ Close above the 200 MMA (daily) – Potential trend change.
✅ Broke the 50 MMA and the 8-week MMA (4H) – Sign of buying strength.
⚠️ Critical resistance zone: $0.785 - $0.80 – Needs to be broken to confirm the uptrend.
📉 Important supports: $0.752 and $0.7277 in case of rejection.
📈 Next Targets:
🔹 If it breaks $0.785 with volume: $0.805 ➝ $0.869 ➝ $0.91
🔻 If it rejects: It could test $0.752 and even $0.7277.
🔮 Probabilities:
📊 65% continuation of the bullish trend if it breaks $0.785 with strength.
📊 60% downside if it rejects and breaks below the averages again.
🎯 Now, all eyes are on the price action in the next 24-48h!
📢 What do you think? Will it break or get rejected? Comment below! ⬇️🔥#ENA#Crypto#Trading#Binance
The ENA/USDC pair has just broken important moving averages on the 4H chart, including the 50 MMA and the 8-week MMA, signaling a possible start of recovery. Additionally, on the daily chart, the price closed above the 200 MMA, an important milestone for the long-term trend!
📊 Technical Analysis:
✅ Close above the 200 MMA (daily) – Potential trend change.
✅ Broke the 50 MMA and the 8-week MMA (4H) – Sign of buying strength.
⚠️ Critical resistance zone: $0.785 - $0.80 – Needs to be broken to confirm the uptrend.
📉 Important supports: $0.752 and $0.7277 in case of rejection.
📈 Next Targets:
🔹 If it breaks $0.785 with volume: $0.805 ➝ $0.869 ➝ $0.91
🔻 If it rejects: It could test $0.752 and even $0.7277.
🔮 Probabilities:
📊 65% continuation of the bullish trend if it breaks $0.785 with strength.
📊 60% downside if it rejects and breaks below the averages again.
🎯 Now, all eyes are on the price action in the next 24-48h!
📢 What do you think? Will it break or get rejected? Comment below! ⬇️🔥#ENA#Crypto#Trading#Binance
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ENA/USDC: Bear Trap in Formation? Complete Technical Analysis!
The ENA/USDC pair held in the 618 Fibonacci region, one of the most important supports for the continuation of the uptrend. But is this a good sign? Let's analyze!
📊 618 Fibonacci Region Defended
The 0.6678 – 0.6718 zone (close to 618 Fibo) acted as support.
This area is where institutional and large players usually accumulate liquidity.
The defense of Fibo is a good sign, but it needs confirmation!
🔍 Bear Trap in Formation?
The price may be forming a bear trap, that is, a false downward movement to capture liquidity before rising.
To validate this hypothesis, a strong daily close above the moving averages and local resistances is necessary.
📈 What to Watch For?
1️⃣ 8-week and 14-week (56-day and 98-day) moving averages: If the price breaks and closes above them, it confirms the recovery.
2️⃣ Volume: An increase in buying volume reinforces the credibility of the movement.
3️⃣ Bullish Structure: If the next candles form ascending lows, it strengthens the bullish trend.
4️⃣ RSI: Currently at 43.29, still far from overbought, which gives room for a possible upward movement.
🚨 Pay Attention to Key Levels!
📌 Resistances: 0.7683 - 0.7939 - 0.8012
📌 Supports: 0.6718 - 0.6209
If the price breaks and closes above the moving averages, the long-term uptrend remains intact. Otherwise, we should monitor possible rejections.
💬 What do you think? Is ENA preparing a rally or is there a risk of a new decline? Comment below! 👇🔥
The ENA/USDC pair held in the 618 Fibonacci region, one of the most important supports for the continuation of the uptrend. But is this a good sign? Let's analyze!
📊 618 Fibonacci Region Defended
The 0.6678 – 0.6718 zone (close to 618 Fibo) acted as support.
This area is where institutional and large players usually accumulate liquidity.
The defense of Fibo is a good sign, but it needs confirmation!
🔍 Bear Trap in Formation?
The price may be forming a bear trap, that is, a false downward movement to capture liquidity before rising.
To validate this hypothesis, a strong daily close above the moving averages and local resistances is necessary.
📈 What to Watch For?
1️⃣ 8-week and 14-week (56-day and 98-day) moving averages: If the price breaks and closes above them, it confirms the recovery.
2️⃣ Volume: An increase in buying volume reinforces the credibility of the movement.
3️⃣ Bullish Structure: If the next candles form ascending lows, it strengthens the bullish trend.
4️⃣ RSI: Currently at 43.29, still far from overbought, which gives room for a possible upward movement.
🚨 Pay Attention to Key Levels!
📌 Resistances: 0.7683 - 0.7939 - 0.8012
📌 Supports: 0.6718 - 0.6209
If the price breaks and closes above the moving averages, the long-term uptrend remains intact. Otherwise, we should monitor possible rejections.
💬 What do you think? Is ENA preparing a rally or is there a risk of a new decline? Comment below! 👇🔥
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Trump entry points
4. Ideal Entry Point
Aggressive entry: Buy in the support zone between 30.50 and 32.00, with a stop-loss below 29.00.
Conservative entry: Wait for a clear break above 39.28, with volume confirmation, to enter between 39.50 and 40.00.
5. Targets
Target 1: 39.00 - 40.00
Target 2: 44.00 - 45.00
Aggressive entry: Buy in the support zone between 30.50 and 32.00, with a stop-loss below 29.00.
Conservative entry: Wait for a clear break above 39.28, with volume confirmation, to enter between 39.50 and 40.00.
5. Targets
Target 1: 39.00 - 40.00
Target 2: 44.00 - 45.00
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4. Ideal Entry Point
Aggressive entry: Buy in the support zone between 30.50 and 32.00, with a stop-loss below 29.00.
Conservative entry: Wait for a clear break above 39.28, with volume confirmation, to enter between 39.50 and 40.00.
5. Targets
Target 1: 39.00 - 40.00
Target 2: 44.00 - 45.00
Aggressive entry: Buy in the support zone between 30.50 and 32.00, with a stop-loss below 29.00.
Conservative entry: Wait for a clear break above 39.28, with volume confirmation, to enter between 39.50 and 40.00.
5. Targets
Target 1: 39.00 - 40.00
Target 2: 44.00 - 45.00
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TRUMP/USDT Analysis: Opportunity or Risk?
The TRUMP/USDT pair has been experiencing intense volatility, with a pullback of almost 50% from the recent high at 63.99 to the current support zone at 30.40 - 35.00. Here is a detailed analysis to help you make an informed decision:
1. Support and Resistance
Key support: 30.40 - 35.00 (area where the price has shown rejection by sellers).
Immediate resistance: 39.28 - 40.00 (area of highest volume concentration and dynamic barrier by moving averages).
Secondary resistance: 44 - 45 (next target in case of breakout).
2. Technical Indicators
RSI (1H): Around 38, oversold, indicating a possible bullish reversal.
Volume: After the sell-off, buying volume starts to increase in the support area, which reinforces the possibility of an upward movement.
Moving averages: The price is below the short-term averages, but a break above 39.00 may indicate bullish strength.
3. Price Action Patterns
Falling wedge: On the 1-hour chart, a falling wedge pattern is forming, which is usually a reversal signal.
Rejection at support: Long wicks indicate that buyers are aggressively defending the 30.40 area.
4. Ideal Entry Point
Aggressive entry: Buy in the support area between 30.50 and 32.00, with a stop-loss below 29.00.
Conservative entry: Wait for a clear break above 39.28, with volume confirmation, to enter between 39.50 and 40.00.
5. Targets
Target 1: 39.00 - 40.00
Target 2: 44.00 - 45.00
⚠️ Warning: This market is highly speculative and volatile. Manage your risk responsibly! Make sure you use stop-loss to protect your capital.
What do you think of this analysis? Do you think the support will hold, or will the price break and seek new lows? Leave your opinion in the comments! 🚀
The TRUMP/USDT pair has been experiencing intense volatility, with a pullback of almost 50% from the recent high at 63.99 to the current support zone at 30.40 - 35.00. Here is a detailed analysis to help you make an informed decision:
1. Support and Resistance
Key support: 30.40 - 35.00 (area where the price has shown rejection by sellers).
Immediate resistance: 39.28 - 40.00 (area of highest volume concentration and dynamic barrier by moving averages).
Secondary resistance: 44 - 45 (next target in case of breakout).
2. Technical Indicators
RSI (1H): Around 38, oversold, indicating a possible bullish reversal.
Volume: After the sell-off, buying volume starts to increase in the support area, which reinforces the possibility of an upward movement.
Moving averages: The price is below the short-term averages, but a break above 39.00 may indicate bullish strength.
3. Price Action Patterns
Falling wedge: On the 1-hour chart, a falling wedge pattern is forming, which is usually a reversal signal.
Rejection at support: Long wicks indicate that buyers are aggressively defending the 30.40 area.
4. Ideal Entry Point
Aggressive entry: Buy in the support area between 30.50 and 32.00, with a stop-loss below 29.00.
Conservative entry: Wait for a clear break above 39.28, with volume confirmation, to enter between 39.50 and 40.00.
5. Targets
Target 1: 39.00 - 40.00
Target 2: 44.00 - 45.00
⚠️ Warning: This market is highly speculative and volatile. Manage your risk responsibly! Make sure you use stop-loss to protect your capital.
What do you think of this analysis? Do you think the support will hold, or will the price break and seek new lows? Leave your opinion in the comments! 🚀
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1️⃣ Post: Breakouts vs. False Breakouts
📈 Identify True Market Movements
Breakouts are one of the most profitable times for traders, but fakeouts can be devastating. Mastering the difference is essential.
🔍 How to Recognize a True Breakup
1️⃣ Volume is King: A valid breakout is usually accompanied by a significant increase in volume.
2️⃣ Structure Confirmation: Wait for the price to retest the broken area (support or resistance) before entering.
3️⃣ Market Context: Breakouts are more reliable in periods of high volatility and close to macroeconomic events.
Breakouts are one of the most profitable times for traders, but fakeouts can be devastating. Mastering the difference is essential.
🔍 How to Recognize a True Breakup
1️⃣ Volume is King: A valid breakout is usually accompanied by a significant increase in volume.
2️⃣ Structure Confirmation: Wait for the price to retest the broken area (support or resistance) before entering.
3️⃣ Market Context: Breakouts are more reliable in periods of high volatility and close to macroeconomic events.
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me too, i have 1000 pendles
$PENDLE !!! A Cryptocurrency that has a very cheap price and has had a big drop, now is the time to invest in these coins because they will certainly increase
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CPI in Line and Core Down: What Does This Mean for the Crypto Market?
Today’s CPI (Consumer Price Index) data came in line with expectations, with the core CPI showing a decline. This update reinforced the positive sentiment in financial markets, with the dollar (DXY) falling and the S&P 500 rising. But what does this mean for the crypto market?
1️⃣ Subdued Inflation: A falling core CPI suggests that inflation is cooling, which reduces the pressure on central banks to raise interest rates aggressively. Lower rates are good news for riskier assets like cryptocurrencies.
2️⃣ Weaker Dollar: A weaker dollar tends to benefit Bitcoin and other cryptos, as it attracts more global investors to the crypto market.
3️⃣ Positive Market Sentiment: The S&P 500 rising shows a greater appetite for risk. Historically, the crypto market tends to follow this same trend.
💡 Conclusion:
With the dollar falling, risk appetite increasing and interest rates potentially becoming less aggressive, the cryptocurrency market is well positioned to benefit from this macroeconomic scenario.
📊 Bitcoin may face less resistance to test higher levels, but keep an eye on volume and price action to confirm consistent movements.
👉 What is your strategy given this data? Are you bullish in the short term? Share in the comments!
Today’s CPI (Consumer Price Index) data came in line with expectations, with the core CPI showing a decline. This update reinforced the positive sentiment in financial markets, with the dollar (DXY) falling and the S&P 500 rising. But what does this mean for the crypto market?
1️⃣ Subdued Inflation: A falling core CPI suggests that inflation is cooling, which reduces the pressure on central banks to raise interest rates aggressively. Lower rates are good news for riskier assets like cryptocurrencies.
2️⃣ Weaker Dollar: A weaker dollar tends to benefit Bitcoin and other cryptos, as it attracts more global investors to the crypto market.
3️⃣ Positive Market Sentiment: The S&P 500 rising shows a greater appetite for risk. Historically, the crypto market tends to follow this same trend.
💡 Conclusion:
With the dollar falling, risk appetite increasing and interest rates potentially becoming less aggressive, the cryptocurrency market is well positioned to benefit from this macroeconomic scenario.
📊 Bitcoin may face less resistance to test higher levels, but keep an eye on volume and price action to confirm consistent movements.
👉 What is your strategy given this data? Are you bullish in the short term? Share in the comments!
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