TROYUSDT.P Reversal long. If you respect your newly created maximum 0.000272, we could take a small long. The trend in longer terms 1H, continues to be bearish. I'm only interested in this long micro-trend to enter and exit.
Recovery from the uptrend. Breakout maximum levels of the previous day, weekly and monthly. It could be interesting to keep it on our watchlist for the next few days.
ETHUSDT.P is consolidated in a weekly range, reflecting indecision in the market. The key levels of the range are support and resistance, marked by recent lows and highs. This lateral movement indicates a lack of strength from both buyers and sellers, suggesting that accumulation or distribution is underway. It is crucial to wait for a clear break in the range, either up or down, to confirm a definite direction. Operating within the range can be risky due to false ruptures. Patience is key while monitoring volumes and price confirmations.
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🚀 #Solusdt.p 🚀 Previous day's maximum breakout. Creating a new HOD. 224 is its weekly high to keep in mind. Let's see what surprise this friend has in store for us.
Crypto Market = Range Why has the cryptocurrency market become so technically poor? I am a 6-year trader in financial markets and I can compare the price action of the US market and Crypto. If you want to trade in the former, you can easily calculate a 1:3, 1:6, or more trade. However, in the cryptocurrency market, its price action is mediocre. If you achieve a 1:2 trade, close and look for another ticker, because it will have a greater pullback and lose its trend. The problem is not the trader, but when we talk about cryptocurrencies we realize that it is a market that does not create trends and prefers to stay in range all day. Greater regulation is required.
#Breakout Weekly Level $DOGS 🚨 Potential breakout of the 0.0007740 area on the daily chart. Next resistance corresponds to its monthly level 0.0008791. I maintain the idea of profit-taking zones designated as TP. Let's see how our friend behaves.