Asad Ullah Khan Junaid
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It's a shame that such an outstanding helpful post doesn't receive any attention at all.
Hey everyone, hope you are doing fine. I have something interesting to share, many of you guys have been struggling here with low funds and can't make big profits. Literally if you don't have almost 3000$ or more, trading isn't worth it.
I was looking at propfirms, if you guys haven't heard about them, propfirms are companies that give you money to trade and in return they take 20% of your profit and you get the 80% of profit. Some propfirms offer more, but crypto propfirms have this fix ratio.
Am sharing three propfirms, from where you can buy account, 5000$ account starts from 40$ fee. There is just one catch, that you have to prove them that you are a trader. If you buy a 5k account and they will ask you to make 5% of 5k in demo, they will provide the demo account too.
Then in second phase they will ask you to make 10%. This scenario is reversed in forex, but forex isn't our topic of discussion. There is daily loss limit, you can't lose more than 5% in a single day and overall loss is 10%.
Now if you pass the account by making 5% and 10%, they will return your initial payment that you paid to get the account and they will handover you the account.
Note: I am not commissioned from any of these firms. I am just doing it on my own good will. Remember me in your prayers. #BinanceAlphaAlert
I was looking at propfirms, if you guys haven't heard about them, propfirms are companies that give you money to trade and in return they take 20% of your profit and you get the 80% of profit. Some propfirms offer more, but crypto propfirms have this fix ratio.
Am sharing three propfirms, from where you can buy account, 5000$ account starts from 40$ fee. There is just one catch, that you have to prove them that you are a trader. If you buy a 5k account and they will ask you to make 5% of 5k in demo, they will provide the demo account too.
Then in second phase they will ask you to make 10%. This scenario is reversed in forex, but forex isn't our topic of discussion. There is daily loss limit, you can't lose more than 5% in a single day and overall loss is 10%.
Now if you pass the account by making 5% and 10%, they will return your initial payment that you paid to get the account and they will handover you the account.
Note: I am not commissioned from any of these firms. I am just doing it on my own good will. Remember me in your prayers. #BinanceAlphaAlert
Hey everyone, hope you are doing fine. I have something interesting to share, many of you guys have been struggling here with low funds and can't make big profits. Literally if you don't have almost 3000$ or more, trading isn't worth it.
I was looking at propfirms, if you guys haven't heard about them, propfirms are companies that give you money to trade and in return they take 20% of your profit and you get the 80% of profit. Some propfirms offer more, but crypto propfirms have this fix ratio.
Am sharing three propfirms, from where you can buy account, 5000$ account starts from 40$ fee. There is just one catch, that you have to prove them that you are a trader. If you buy a 5k account and they will ask you to make 5% of 5k in demo, they will provide the demo account too.
Then in second phase they will ask you to make 10%. This scenario is reversed in forex, but forex isn't our topic of discussion. There is daily loss limit, you can't lose more than 5% in a single day and overall loss is 10%.
Now if you pass the account by making 5% and 10%, they will return your initial payment that you paid to get the account and they will handover you the account.
Note: I am not commissioned from any of these firms. I am just doing it on my own good will. Remember me in your prayers. #BinanceAlphaAlert
I was looking at propfirms, if you guys haven't heard about them, propfirms are companies that give you money to trade and in return they take 20% of your profit and you get the 80% of profit. Some propfirms offer more, but crypto propfirms have this fix ratio.
Am sharing three propfirms, from where you can buy account, 5000$ account starts from 40$ fee. There is just one catch, that you have to prove them that you are a trader. If you buy a 5k account and they will ask you to make 5% of 5k in demo, they will provide the demo account too.
Then in second phase they will ask you to make 10%. This scenario is reversed in forex, but forex isn't our topic of discussion. There is daily loss limit, you can't lose more than 5% in a single day and overall loss is 10%.
Now if you pass the account by making 5% and 10%, they will return your initial payment that you paid to get the account and they will handover you the account.
Note: I am not commissioned from any of these firms. I am just doing it on my own good will. Remember me in your prayers. #BinanceAlphaAlert
$SOL HTF analysis on sol
On weekly we have reached to a bearish fvg and price turned to bearish from the consecutive encroachment of that fvg.
On daily the price took out a swing high, that's a confirmation of bullish trend, current bearish move is just correction move and am interested in 157.50 level and see continuation of bullish move from here.
We have weekend ahead and price may fluctuate a little bit. Weekly BPR area is the ultimate target for now that is near 223 level. Price will give us entry near 157 level.
If you are impatient, then you can capture a bearish move from current price to 160 level. 160 is the consecutive encroachment of daily fvg. Wasn't posting anything because was busy in forex 🥲and also wasn't trading anything in crypto myself. But now I have again added some funds in binance for crypto trading. Finally markets are back in rhythm after a long time. I will be posting regularly. But am analysing ethereum too, most probably will trade both sol and eth. #BinanceAlphaAlert
On weekly we have reached to a bearish fvg and price turned to bearish from the consecutive encroachment of that fvg.
On daily the price took out a swing high, that's a confirmation of bullish trend, current bearish move is just correction move and am interested in 157.50 level and see continuation of bullish move from here.
We have weekend ahead and price may fluctuate a little bit. Weekly BPR area is the ultimate target for now that is near 223 level. Price will give us entry near 157 level.
If you are impatient, then you can capture a bearish move from current price to 160 level. 160 is the consecutive encroachment of daily fvg. Wasn't posting anything because was busy in forex 🥲and also wasn't trading anything in crypto myself. But now I have again added some funds in binance for crypto trading. Finally markets are back in rhythm after a long time. I will be posting regularly. But am analysing ethereum too, most probably will trade both sol and eth. #BinanceAlphaAlert
$SOL ICT Analysis
On daily charts, we formed a MSS near 125 level. This indicates a bullish profile overall on monthly time frames.
My interest lies at two major points, first is between 139 and 136. That is our bullish order block. Second interest point is between 129 and 126 that is our second bullish order block.
More precisely am looking for 137.5 level and 127.5 level. On daily time frame we take out an external range liquidity. Next draw on target will be 180.
Let's see what more insight price will deliver us on Monday.
#TariffPause
On daily charts, we formed a MSS near 125 level. This indicates a bullish profile overall on monthly time frames.
My interest lies at two major points, first is between 139 and 136. That is our bullish order block. Second interest point is between 129 and 126 that is our second bullish order block.
More precisely am looking for 137.5 level and 127.5 level. On daily time frame we take out an external range liquidity. Next draw on target will be 180.
Let's see what more insight price will deliver us on Monday.
#TariffPause
$SOL finally investors are back in the markets. In Newyork session the dollar index make a bullish move while the crypto make a bearish move. Now it will be fun to analyse the markets as markets will respect the pd arrays more.
Finally some relaxation from trade war ✌️#MarketRebound
Finally some relaxation from trade war ✌️#MarketRebound
$SOL Short possible entry
Previously I was sharing higher time frame analysis, slowly shifting to lower time frames. The reason for slow move is I was away from crypto for more than two months.
I have to go through all the previous two months data. Well, on higher time frame we take out major buyside liquidity. By rules a retracement to the daily bullish order block is necessary for next bullish move.
On hourly time frame, this mitigation block has catched my attention. We got a MSS on hourly chart, a confirmation of bearish retracement. This could be a potential short entry. At MSS point price respected previous mitigation block. This could be next potential entry as price isn't going back to that previous mitigation block.
This position can be held upto 123 from 137.75. Almost 6:1 RR. 123 is the lowest hanging fruit.
( Note: My analysis is what I see and anticipate using smc and ict concepts, am neither a signal provider nor a trade advisor, I don't want to take any credits for your profits, neither I want any liability of your losses. It's your money, your choice. )
#BinanceAlphaAlert
Previously I was sharing higher time frame analysis, slowly shifting to lower time frames. The reason for slow move is I was away from crypto for more than two months.
I have to go through all the previous two months data. Well, on higher time frame we take out major buyside liquidity. By rules a retracement to the daily bullish order block is necessary for next bullish move.
On hourly time frame, this mitigation block has catched my attention. We got a MSS on hourly chart, a confirmation of bearish retracement. This could be a potential short entry. At MSS point price respected previous mitigation block. This could be next potential entry as price isn't going back to that previous mitigation block.
This position can be held upto 123 from 137.75. Almost 6:1 RR. 123 is the lowest hanging fruit.
( Note: My analysis is what I see and anticipate using smc and ict concepts, am neither a signal provider nor a trade advisor, I don't want to take any credits for your profits, neither I want any liability of your losses. It's your money, your choice. )
#BinanceAlphaAlert
$SOL Insight on price action
Price moved above previous dealing range. That much was expected, in fact I posted about it beforehand.
Now price has reached the mean threshold of daily bearish order block. Price moves from external range to internal range liquidity or from an internal range to external range liquidity.
Order block near 115 level is our internal range liquidity area, while the swing low formed on 123 will act as external range liquidity. Price will move towards that swing low, and ultimately into our bullish order block.
25% area of current dealing range is the one am seeing as support level. Price should break below it. From that 115 order block our easy and low hanging target will be 147. Next target is 167 and next will be 189 and so on. But our focus should remain on 147.
Yesterday after reaching 143 price formed a MSS on hourly chart, a confirmation of bearish move upto 115.
#BinanceAlphaAlert
Price moved above previous dealing range. That much was expected, in fact I posted about it beforehand.
Now price has reached the mean threshold of daily bearish order block. Price moves from external range to internal range liquidity or from an internal range to external range liquidity.
Order block near 115 level is our internal range liquidity area, while the swing low formed on 123 will act as external range liquidity. Price will move towards that swing low, and ultimately into our bullish order block.
25% area of current dealing range is the one am seeing as support level. Price should break below it. From that 115 order block our easy and low hanging target will be 147. Next target is 167 and next will be 189 and so on. But our focus should remain on 147.
Yesterday after reaching 143 price formed a MSS on hourly chart, a confirmation of bearish move upto 115.
#BinanceAlphaAlert
$SOL Price action insights
I was observing the sol chart, find out a classical example of manipulation. I posted a few days ago that 137 level is equal highs and a great amount of liquidity is being gathered here. Now here price did two interesting phenomenons
First, price reached there on Thursday and on Friday price moved lower. Now classical retail traders were posting solana hit the resistance and will went down etc etc.. On Friday price moved lower a little bit and motivated many retail traders to open shorts. I have marked that retail support resistance with red line. It's just an extension of green one.
Now on Saturday price move above those equal highs aggressively taking out all the buy stop or simply force closing all the retail traders short positions.
Second, see the Sunday price action and wick of Sunday? In retail classical support resistance world, when a resistance is taken out, it becomes support. On today Sunday price action, price has shown the exactly same what people wanted to see. This isn't any old data, it's this week market behaviour.
On contrary, the price will move lower and am interested in 115 level as that's the mean threshold of our daily order. I posted two days ago may be, that why 115 is my interest level. Many things are aligned. Further if I share usdjpy chart (dollar yen) or dxy chart (dollar index) , price is reaching for an old low and then dollar will enter a bullish direction. Most probably this week as just price is only 200 pips away from lowest pd arrays on dxy. I told two three months ago that dollar index has inverse relation with crypto, now if dxy is going higher, where will crypto go?
But markets not only depend on dxy, there are several other things to keep in consideration like cot data, seasonal tendencies, flout. So if I wind up everything, price will reach 115 and then a bullish move from that level will be so strong that you can hold the positions for 250 level.
#SaylorBTCPurchase
I was observing the sol chart, find out a classical example of manipulation. I posted a few days ago that 137 level is equal highs and a great amount of liquidity is being gathered here. Now here price did two interesting phenomenons
First, price reached there on Thursday and on Friday price moved lower. Now classical retail traders were posting solana hit the resistance and will went down etc etc.. On Friday price moved lower a little bit and motivated many retail traders to open shorts. I have marked that retail support resistance with red line. It's just an extension of green one.
Now on Saturday price move above those equal highs aggressively taking out all the buy stop or simply force closing all the retail traders short positions.
Second, see the Sunday price action and wick of Sunday? In retail classical support resistance world, when a resistance is taken out, it becomes support. On today Sunday price action, price has shown the exactly same what people wanted to see. This isn't any old data, it's this week market behaviour.
On contrary, the price will move lower and am interested in 115 level as that's the mean threshold of our daily order. I posted two days ago may be, that why 115 is my interest level. Many things are aligned. Further if I share usdjpy chart (dollar yen) or dxy chart (dollar index) , price is reaching for an old low and then dollar will enter a bullish direction. Most probably this week as just price is only 200 pips away from lowest pd arrays on dxy. I told two three months ago that dollar index has inverse relation with crypto, now if dxy is going higher, where will crypto go?
But markets not only depend on dxy, there are several other things to keep in consideration like cot data, seasonal tendencies, flout. So if I wind up everything, price will reach 115 and then a bullish move from that level will be so strong that you can hold the positions for 250 level.
#SaylorBTCPurchase
$SOL Balance Price Range (BPR) and entry drill
BPR is the area where two fvgs overlap. People call it supply, inverse fair value gaps, etc. But they are actually balanced areas where buying and selling has been balanced.
I have shared an example, if you find such area on hourly or higher than that time frame, that's a strong area to enter the trade. Let's say second fvg is in bullish direction, you will enter long at that BPR area. Price will 100% come back to that area and then will move to the direction of interest.
Below BPR in bull trend and above BPR in bear trend every pd array such as any other fvg, order blocks, liquidity pools, liquidity voids etc are useless and price won't reach there.
I following example of SOL on hourly time frame, see how body of the candles are closing inside the BPR, wick might be a little bit out from BPR, but as long as bodies are inside the BPR, that's a strong area to enter in trade and you can bet your house on it. #BinanceAlphaAlert
BPR is the area where two fvgs overlap. People call it supply, inverse fair value gaps, etc. But they are actually balanced areas where buying and selling has been balanced.
I have shared an example, if you find such area on hourly or higher than that time frame, that's a strong area to enter the trade. Let's say second fvg is in bullish direction, you will enter long at that BPR area. Price will 100% come back to that area and then will move to the direction of interest.
Below BPR in bull trend and above BPR in bear trend every pd array such as any other fvg, order blocks, liquidity pools, liquidity voids etc are useless and price won't reach there.
I following example of SOL on hourly time frame, see how body of the candles are closing inside the BPR, wick might be a little bit out from BPR, but as long as bodies are inside the BPR, that's a strong area to enter in trade and you can bet your house on it. #BinanceAlphaAlert
$SOL Insights on today's price action.
Usually I look price on 4 different times of the day, they are called the sessions. I am thinking of sharing insights by dividing them in 4 parts.
Asian session :
Price surged higher taking out equal highs near 137 levels during the Asian session.
London session:
Price moved to the 15M order block during London session. Not much volatility here.
Newyork Session:
Consolidation inside the range. Reclaim the Asian order block
London Close:
Final push to the 140 level and then high displacement downward. Hopefully a reversal will be seen here, as I posted two days ago, am interested in 115 price level. Price will reach 115 and then continue it's bullish momentum.#BinanceAlphaAlert
Usually I look price on 4 different times of the day, they are called the sessions. I am thinking of sharing insights by dividing them in 4 parts.
Asian session :
Price surged higher taking out equal highs near 137 levels during the Asian session.
London session:
Price moved to the 15M order block during London session. Not much volatility here.
Newyork Session:
Consolidation inside the range. Reclaim the Asian order block
London Close:
Final push to the 140 level and then high displacement downward. Hopefully a reversal will be seen here, as I posted two days ago, am interested in 115 price level. Price will reach 115 and then continue it's bullish momentum.#BinanceAlphaAlert
$SOL Guide to learn trading
Yesterday I saw someone teaching smc and ict concepts on binanace square feed. That person himself does not know what he was teaching. So I thought why not put a post.
First of all, you don't need anyone to teach you trading on binance, you want to learn SMC and ICT? Go on YouTube, search "The inner circle trader" (ICT). Recently ict has made all of his teachings public on YouTube.
Personally it took me a year to learn ict. He has nearly a thousand video lectures and some lectures are more than 4H. But I found profitability just before the advance series. If you focus on core content and 2022 mentorship, you will find profitability in it. As for me, I want a deep understanding of the market, so I went through all of his content including advance series.
Then it's up to you to learn his advance series. Anything from 2023 mentorship to onward is way too advance. But you will find profitability before that, if you want a deep understanding of price action then go for advance series after watching other series and digesting other series content.
But for god sake don't be fooled by fake gurus and people who has nothing to do in life and they are here to just waste their own and everyone else's time. Personally I hate spoon feeding and signal services. It's your money, go learn something and then put your money on stakes.
#BinanceAlphaAlert
Yesterday I saw someone teaching smc and ict concepts on binanace square feed. That person himself does not know what he was teaching. So I thought why not put a post.
First of all, you don't need anyone to teach you trading on binance, you want to learn SMC and ICT? Go on YouTube, search "The inner circle trader" (ICT). Recently ict has made all of his teachings public on YouTube.
Personally it took me a year to learn ict. He has nearly a thousand video lectures and some lectures are more than 4H. But I found profitability just before the advance series. If you focus on core content and 2022 mentorship, you will find profitability in it. As for me, I want a deep understanding of the market, so I went through all of his content including advance series.
Then it's up to you to learn his advance series. Anything from 2023 mentorship to onward is way too advance. But you will find profitability before that, if you want a deep understanding of price action then go for advance series after watching other series and digesting other series content.
But for god sake don't be fooled by fake gurus and people who has nothing to do in life and they are here to just waste their own and everyone else's time. Personally I hate spoon feeding and signal services. It's your money, go learn something and then put your money on stakes.
#BinanceAlphaAlert
$SOL Friday price action
On Friday price doesn't make any significant movements. Actually there was a holiday on Friday due to the upcoming easter festival. Most large funds, commercial traders and banks are away from the market.
Current price movement is just retails fighting. Price doesn't make any logical move. Every time the price moved just before liquidity levels without taking any liquidity.
Asian formed the range, London failed to take liquidity, Newyork and London Close was the continuation of London move. That move was just winding up and offset distribution of orders. Nothing more than that. Mostly every session was moving inside a consolidation range. #SolanaSurge
On Friday price doesn't make any significant movements. Actually there was a holiday on Friday due to the upcoming easter festival. Most large funds, commercial traders and banks are away from the market.
Current price movement is just retails fighting. Price doesn't make any logical move. Every time the price moved just before liquidity levels without taking any liquidity.
Asian formed the range, London failed to take liquidity, Newyork and London Close was the continuation of London move. That move was just winding up and offset distribution of orders. Nothing more than that. Mostly every session was moving inside a consolidation range. #SolanaSurge
$SOL 4H chart interest points
Yesterday we analyse monthly weekly and daily charts, we marked all the possible pd arrays in monthly and weekly. On daily we marked the draw on liquidity and order block.
On 4H chart, there is such a beautiful price delivery. See the green line below the grey box, price completely filled the fair value gap removing all the BISI (Buyside Imbalance Sellside Inefficiency) making the fair value gap completely mitigated. I put a red pointer on order block and green pointer on last candle that fills the fair value gap.
My interest lies inside red box, that area lies inside daily order block, further 4H chart has FVG on it. Interestingly three things are aligned here, that area is our 50% of equilibrium point of our dealing range, see previous post for dealing range. Secondly that area is the consecutive encroachment level ( mid point) of trading volume of daily order block. Thirdly the consecutive encroachment of order block of daily time frame is the consecutive encroachment of 4H FVG.
Am interested in price reaching that level and then continue bullish direction. A reversal after 136 is anticipated, why? I explained it in previous post.
Current Dealing Range of SOL
#BinanceAlphaAlert
Yesterday we analyse monthly weekly and daily charts, we marked all the possible pd arrays in monthly and weekly. On daily we marked the draw on liquidity and order block.
On 4H chart, there is such a beautiful price delivery. See the green line below the grey box, price completely filled the fair value gap removing all the BISI (Buyside Imbalance Sellside Inefficiency) making the fair value gap completely mitigated. I put a red pointer on order block and green pointer on last candle that fills the fair value gap.
My interest lies inside red box, that area lies inside daily order block, further 4H chart has FVG on it. Interestingly three things are aligned here, that area is our 50% of equilibrium point of our dealing range, see previous post for dealing range. Secondly that area is the consecutive encroachment level ( mid point) of trading volume of daily order block. Thirdly the consecutive encroachment of order block of daily time frame is the consecutive encroachment of 4H FVG.
Am interested in price reaching that level and then continue bullish direction. A reversal after 136 is anticipated, why? I explained it in previous post.
Current Dealing Range of SOL
#BinanceAlphaAlert
$SOL ICT Dealing Range of SOL
Following is the dealing range for current sol price action. 0.5 level is our equilibrium level and coincides with daily bullish order block. High probability of price to reach there and then push higher.
On Tuesday price reached 0.75 level and on Wednesday price moved to fair value gap between 0.5 and 0.75.
Now price is most likely moving towards the equal highs and from there price will move downward towards the order block. There are three strong reasons that support this idea.
First the swing low formed on Wednesday has a strong liquidity pool. Secondly dollar index is rising and crypto currencies have an inverse relation with dollar index. Thirdly the price is in extreme premium quadrant of current dealing range. Price need to form a new dealing range to move higher and for that a move towards the order block is must.
#BinanceAlphaAlert
Following is the dealing range for current sol price action. 0.5 level is our equilibrium level and coincides with daily bullish order block. High probability of price to reach there and then push higher.
On Tuesday price reached 0.75 level and on Wednesday price moved to fair value gap between 0.5 and 0.75.
Now price is most likely moving towards the equal highs and from there price will move downward towards the order block. There are three strong reasons that support this idea.
First the swing low formed on Wednesday has a strong liquidity pool. Secondly dollar index is rising and crypto currencies have an inverse relation with dollar index. Thirdly the price is in extreme premium quadrant of current dealing range. Price need to form a new dealing range to move higher and for that a move towards the order block is must.
#BinanceAlphaAlert
ICT SOL Analysis for April
$SOL
Hey everyone, hope you are doing fine. First of all, a little apology from being absent from binance square completely. The reason was crypto wasn't having much volume due to afraid investors and bad policies from Trump government.
Still the investors aren't in any good mood, but lately a few policies were change and prices are somewhat stable.
Purpose of sharing this post is for analytical and educational purpose. I won't recommend entering a trade without studying the charts for a week. So previously some of my followers enter the trade after my posts, but for now I won't recommend doing so, as am back in crypto after two months.
Let's start a top down analytics of SOL.
Monthly Chart:
Monthly chart has reached the bullish rejection block in this month located near 97. Price turned back from that point to the bull direction. At 189 we have a bearish order block so that area will remain our point of interest as highest target.
Weekly Chart:
As for weekly chart, price has taken out sell side liquidity of whole previous one year. Simply it break through every expected support area. If you can look at your charts, second last week candle of January 2024 has balanced the order block of first week of December 2023. That's area is balanced near 90, so there are less chances of price to reach there. 147 will remain a low hanging fruit for us as our objective.
Daily Chart:
As for daily time frame, 136 is the equal high, that will be a draw on liquidity area, from that anticipate a down move upto bullish order block between 120 and 110. From there our first low hanging fruit will be between 136 and 147 depends upon the point of reversal from 136.
#BinanceAlphaAlert
Hey everyone, hope you are doing fine. First of all, a little apology from being absent from binance square completely. The reason was crypto wasn't having much volume due to afraid investors and bad policies from Trump government.
Still the investors aren't in any good mood, but lately a few policies were change and prices are somewhat stable.
Purpose of sharing this post is for analytical and educational purpose. I won't recommend entering a trade without studying the charts for a week. So previously some of my followers enter the trade after my posts, but for now I won't recommend doing so, as am back in crypto after two months.
Let's start a top down analytics of SOL.
Monthly Chart:
Monthly chart has reached the bullish rejection block in this month located near 97. Price turned back from that point to the bull direction. At 189 we have a bearish order block so that area will remain our point of interest as highest target.
Weekly Chart:
As for weekly chart, price has taken out sell side liquidity of whole previous one year. Simply it break through every expected support area. If you can look at your charts, second last week candle of January 2024 has balanced the order block of first week of December 2023. That's area is balanced near 90, so there are less chances of price to reach there. 147 will remain a low hanging fruit for us as our objective.
Daily Chart:
As for daily time frame, 136 is the equal high, that will be a draw on liquidity area, from that anticipate a down move upto bullish order block between 120 and 110. From there our first low hanging fruit will be between 136 and 147 depends upon the point of reversal from 136.
#BinanceAlphaAlert
$SOL hey everyone, first of all I was away from trading lately due to some personal reasons. Especially from crypto.
Well, I will resume the analysis from Monday. 😊
Today I was looking at sol data and I posted one or two weeks ago that stolen coins could cause a potential danger to liquiditions.
See our estimated pda was 120 but price fell to 112. Similarly when those 0.5 million sol coins were taken out of market price surge was almost 8 points. Everyone was just laughing that how much half million can effect the price. Well, such tactics are usually used when price is at the last pda in order to fall the price a little bit more to remove hedge funds from their positions. #MarketRebound
Well, I will resume the analysis from Monday. 😊
Today I was looking at sol data and I posted one or two weeks ago that stolen coins could cause a potential danger to liquiditions.
See our estimated pda was 120 but price fell to 112. Similarly when those 0.5 million sol coins were taken out of market price surge was almost 8 points. Everyone was just laughing that how much half million can effect the price. Well, such tactics are usually used when price is at the last pda in order to fall the price a little bit more to remove hedge funds from their positions. #MarketRebound
$SOL two old swing high are taken out, one latest swing high is violated. We can try our luck here for a long entry. Place stoploss below the latest swing low. Realistic target could be 156.
Please trade with proper stoploss#USCryptoReserve
Please trade with proper stoploss#USCryptoReserve
Relatable 🫠..
$SOL this post is solely for trade management education. I saw many times in comments that people are holding bad trades and they are seeking for advice.
Well, first of all divide your capital in 10 parts. Keep 8 parts (80%) in spot wallet and remaining 2 parts (20%) in future wallet.
Every future entry should be between 5x to 10x leverage. No more than this.
Now let's say you enter a first trade, you use 20% of your equity in that trade, usually 2% stoploss is ideal. Let's say your trade hit the stoploss, now for next trade use 10% of your equity. And if your second trade is profitable, select a realistic target to aim for, your price reach your target. Close your binance account, no more trading for that day. Enjoy your life.
On second scenerio your second trade fail, enter third trade with 10% of your account equity. Now if your third trade is a success, you are done for the day. Close the trade on your target level. Take a break, no need to be greedy.
Lastly, if your third trade also failed you, close your binance account, take a rest, come back tommorow and try your luck again. Believe me revenge trading destroy accounts. In my early days, I lost almost 7k$ in just one day, due to revenge trading, my analysis was perfect, everything was good, there was a release of some news events, trade didn't go in my favour. And I keep going with revenge trading till I lost my account.
Trading is all about psychology. You have to kill your impatience first, then kill your greed and you will be profitable. 🙌
#CMEsolanaFutures
Well, first of all divide your capital in 10 parts. Keep 8 parts (80%) in spot wallet and remaining 2 parts (20%) in future wallet.
Every future entry should be between 5x to 10x leverage. No more than this.
Now let's say you enter a first trade, you use 20% of your equity in that trade, usually 2% stoploss is ideal. Let's say your trade hit the stoploss, now for next trade use 10% of your equity. And if your second trade is profitable, select a realistic target to aim for, your price reach your target. Close your binance account, no more trading for that day. Enjoy your life.
On second scenerio your second trade fail, enter third trade with 10% of your account equity. Now if your third trade is a success, you are done for the day. Close the trade on your target level. Take a break, no need to be greedy.
Lastly, if your third trade also failed you, close your binance account, take a rest, come back tommorow and try your luck again. Believe me revenge trading destroy accounts. In my early days, I lost almost 7k$ in just one day, due to revenge trading, my analysis was perfect, everything was good, there was a release of some news events, trade didn't go in my favour. And I keep going with revenge trading till I lost my account.
Trading is all about psychology. You have to kill your impatience first, then kill your greed and you will be profitable. 🙌
#CMEsolanaFutures
$SOL price moved below the advance order block and for now it is stopped at order block. At advance order block price doesn't show any clear sign of stopping. Well I am sharing a little bit of information regarding such setups and to see if price will stop at current pd array or not.
This is strategy I use myself as well. Let's say our advance order block was at 149 and we were anticipating price to reverse. Here are three things to see of the setup is showing any clear indication when price has reached there.
Obviously entries are at higher time frame pd arrays, in this case our time frame was 4H, now when price reached to our marked point, look for sign of reversals.
In order to do that, shift to lower time frame, I personally use 15M time frame. At 15M time frame see if price has previously moved below any swing low and liquidity is grabbed.
Now move to 5 min time frame, and see if price is showing any indication to go higher, this can be confirmed by price taking out latest swing high. For now none of swing high is violated, so wait for any swing high to be taken out.
It's easy for me to judge any forming setup, but for someone who is new it's difficult to judge, and then to decide whether to trade or not. Am sharing this strategy, so at least you can yourself see the forming setups and can decide whether to enter or not.
Also attaching a screenshot of latest swing high, if price take out that swing high marked with red line, we can go long here. #MarketRebound
This is strategy I use myself as well. Let's say our advance order block was at 149 and we were anticipating price to reverse. Here are three things to see of the setup is showing any clear indication when price has reached there.
Obviously entries are at higher time frame pd arrays, in this case our time frame was 4H, now when price reached to our marked point, look for sign of reversals.
In order to do that, shift to lower time frame, I personally use 15M time frame. At 15M time frame see if price has previously moved below any swing low and liquidity is grabbed.
Now move to 5 min time frame, and see if price is showing any indication to go higher, this can be confirmed by price taking out latest swing high. For now none of swing high is violated, so wait for any swing high to be taken out.
It's easy for me to judge any forming setup, but for someone who is new it's difficult to judge, and then to decide whether to trade or not. Am sharing this strategy, so at least you can yourself see the forming setups and can decide whether to enter or not.
Also attaching a screenshot of latest swing high, if price take out that swing high marked with red line, we can go long here. #MarketRebound
$SOL this post is solely for trade management education. I saw many times in comments that people are holding bad trades and they are seeking for advice.
Well, first of all divide your capital in 10 parts. Keep 8 parts (80%) in spot wallet and remaining 2 parts (20%) in future wallet.
Every future entry should be between 5x to 10x leverage. No more than this.
Now let's say you enter a first trade, you use 20% of your equity in that trade, usually 2% stoploss is ideal. Let's say your trade hit the stoploss, now for next trade use 10% of your equity. And if your second trade is profitable, select a realistic target to aim for, your price reach your target. Close your binance account, no more trading for that day. Enjoy your life.
On second scenerio your second trade fail, enter third trade with 10% of your account equity. Now if your third trade is a success, you are done for the day. Close the trade on your target level. Take a break, no need to be greedy.
Lastly, if your third trade also failed you, close your binance account, take a rest, come back tommorow and try your luck again. Believe me revenge trading destroy accounts. In my early days, I lost almost 7k$ in just one day, due to revenge trading, my analysis was perfect, everything was good, there was a release of some news events, trade didn't go in my favour. And I keep going with revenge trading till I lost my account.
Trading is all about psychology. You have to kill your impatience first, then kill your greed and you will be profitable. 🙌
#CMEsolanaFutures
Well, first of all divide your capital in 10 parts. Keep 8 parts (80%) in spot wallet and remaining 2 parts (20%) in future wallet.
Every future entry should be between 5x to 10x leverage. No more than this.
Now let's say you enter a first trade, you use 20% of your equity in that trade, usually 2% stoploss is ideal. Let's say your trade hit the stoploss, now for next trade use 10% of your equity. And if your second trade is profitable, select a realistic target to aim for, your price reach your target. Close your binance account, no more trading for that day. Enjoy your life.
On second scenerio your second trade fail, enter third trade with 10% of your account equity. Now if your third trade is a success, you are done for the day. Close the trade on your target level. Take a break, no need to be greedy.
Lastly, if your third trade also failed you, close your binance account, take a rest, come back tommorow and try your luck again. Believe me revenge trading destroy accounts. In my early days, I lost almost 7k$ in just one day, due to revenge trading, my analysis was perfect, everything was good, there was a release of some news events, trade didn't go in my favour. And I keep going with revenge trading till I lost my account.
Trading is all about psychology. You have to kill your impatience first, then kill your greed and you will be profitable. 🙌
#CMEsolanaFutures
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