With the market about to close, Monero (XMR) is showing signs of rejection on the 8H and 12H charts, forming an Inverted hammer/ Doji Bar at an overbought zone — a possible signal for a bearish reversal.
Action: Sell Take Profit: $280.65 (Daily Support) Stop Loss: $340.99
With the market about to close, Monero (XMR) is showing signs of rejection on the 8H and 12H charts, forming an Inverted hammer/ Doji Bar at an overbought zone — a possible signal for a bearish reversal.
Action: Sell Take Profit: $280.65 (Daily Support) Stop Loss: $340.99
Market Update :We could see a massive upward move, indicating strong market dominance.
Although we made profits on our long-term coins — ALCX, BAT, and others like BOND and BTCST- I missed an entry on Future trade after exiting SHIBA. Nevertheless, opportunities never end.
Current Setup to Watch: ICE (visible in Trust Wallet)
I’m no longer comfortable with the current price action, so I’ll be closing the position at around 0.6% loss and will wait for a better setup.
T W AM
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Market Analysis: Shiba Inu (SHIB) As the market rejects the current level, it is likely to retrace back to the previous resistance zone near the shooting star pattern around 0.0147. Should this scenario play out, the recommended trading action is as follows:
Market Analysis: Shiba Inu (SHIB) As the market rejects the current level, it is likely to retrace back to the previous resistance zone near the shooting star pattern around 0.0147. Should this scenario play out, the recommended trading action is as follows:
I’ll take my little profit at this point— 2.7% isn’t bad for just two days of hustle.
T W AM
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Bearish
Market Analysis: Possible Retracement for BCH
Based on the 12-hour chart pattern and the possible formation of a harmonic pattern, there is a likelihood of a retracement in BCH before any potential continuation of the trend.
Trade Recommendation:
Action: Sell
Stop Loss: $386.25
Take Profit: $321.00
Note: Always trade with caution and apply proper risk management. Regardless of experience or strategy, both winning and losing trades are inevitable. However, consistent risk management keeps you positioned for long-term success.
Based on the 12-hour chart pattern and the possible formation of a harmonic pattern, there is a likelihood of a retracement in BCH before any potential continuation of the trend.
Trade Recommendation:
Action: Sell
Stop Loss: $386.25
Take Profit: $321.00
Note: Always trade with caution and apply proper risk management. Regardless of experience or strategy, both winning and losing trades are inevitable. However, consistent risk management keeps you positioned for long-term success.
I will exit this trade at this point with a 4.3% loss and wait to observe the market's reaction, as it appears to be heading back toward the daily support around 4.7.
T W AM
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Bullish
Market Analysis – Potential Trend Continuation for Uniswap
Based on current price action, many coins closes as a hammer candlestick on the monthly time frame. This pattern often indicates a potential market bottom and signals that buyers are beginning to regain control. If confirmed, this could suggest the beginning of a significant upward move.
However, for the uptrend to be sustainable, we should expect short-term fluctuations, with price potentially retesting previous resistance levels as new support. Such pullbacks create opportunities for new traders to enter the market and help establish a stronger bullish structure.
Trade Setup( Uni swap)
Action: Possible Buy Entry
Stop Loss: $5.04
Take Profit 1: $7.069
Take Profit 2: $8.10
Note: Trade with caution. Always ensure proper risk management.
Market Analysis – Potential Trend Continuation for Uniswap
Based on current price action, many coins closes as a hammer candlestick on the monthly time frame. This pattern often indicates a potential market bottom and signals that buyers are beginning to regain control. If confirmed, this could suggest the beginning of a significant upward move.
However, for the uptrend to be sustainable, we should expect short-term fluctuations, with price potentially retesting previous resistance levels as new support. Such pullbacks create opportunities for new traders to enter the market and help establish a stronger bullish structure.
Trade Setup( Uni swap)
Action: Possible Buy Entry
Stop Loss: $5.04
Take Profit 1: $7.069
Take Profit 2: $8.10
Note: Trade with caution. Always ensure proper risk management.
➤ Overview: Based on the current daily price action, I have decided to take profit on BCH at this point. I will consider re-entering if a possible continuation pattern emerges.
➤ Monthly Chart Review:
The candlestick formation does not resemble a hammer.
BCH is not positioned at a strong support level, especially when compared to other coins like BAT.
➤ Risk Management: Given these observations, I prefer not to take unnecessary risks at this time.
I will upload the three images for this analysis later, as the network is currently a bit unstable.
The market has been showing an upward trend, which is visible on lower timeframes. At this point, we could see a retracement to test a key support zone. If a rejection occurs and a 12-hour hammer candlestick is maintained, there is a possibility of the market closing as a daily hammer, signaling further bullish momentum.
Possible Action: BUY Stop Loss (SL): $182.10 Take Profit (TP): $229
📊 Market Structure Insight: We are also seeing hammer formations on the monthly timeframe for several coins, at a strong support levels. If these formations are confirmed, it could signal the start of a bull run!
The close looks tricky. Instead of closing as an inverted hammer, it changed to a doji in the last 5 minutes. Although a doji also indicates weakness, it is not as strong as an inverted hammer. Trade with extreme caution.
T W AM
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Bearish
📊 Analysis: Market Analysis: Possible Retracement Zone
In our previous analysis, we discussed BTC, ETH, and LINK, identifying potential profit-taking zones as the market was rising. Now, the market has reached these levels. Since these areas were previously zones of interest, they could act as potential bearish reversal points.
📌 BTC (Bitcoin)
📊 Analysis: If the Inverted Hammer closes on the 12-hour timeframe, it could signal a sell opportunity.
Action: SELL Stop Loss: 88.85K Take Profit: 78.3K
📌 ETH (Ethereum)
📊 Analysis: If the trade closes with a Harami Candle on the 12-hour timeframe, it could indicate weakness in the uptrend due to low activity.
Action: SELL Stop Loss: 2106 Take Profit: 1833
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📌 LINK (Chainlink)
📊 Analysis: The 12-hour chart shows a candle resembling a Hammer, but its long head makes it less of a classic hammer. However, it could also be considered a Harami. Meanwhile, the 6-hour chart clearly shows an Evening Star Reversal Pattern.
Action: SELL Stop Loss: 15.4 Take Profit: 12.5
⚠ Note: This is just my personal market perspective. Always wait for candles to fully close before entering trades, and trade with caution!
📊 Analysis: Market Analysis: Possible Retracement Zone
In our previous analysis, we discussed BTC, ETH, and LINK, identifying potential profit-taking zones as the market was rising. Now, the market has reached these levels. Since these areas were previously zones of interest, they could act as potential bearish reversal points.
📌 BTC (Bitcoin)
📊 Analysis: If the Inverted Hammer closes on the 12-hour timeframe, it could signal a sell opportunity.
Action: SELL Stop Loss: 88.85K Take Profit: 78.3K
📌 ETH (Ethereum)
📊 Analysis: If the trade closes with a Harami Candle on the 12-hour timeframe, it could indicate weakness in the uptrend due to low activity.
Action: SELL Stop Loss: 2106 Take Profit: 1833
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📌 LINK (Chainlink)
📊 Analysis: The 12-hour chart shows a candle resembling a Hammer, but its long head makes it less of a classic hammer. However, it could also be considered a Harami. Meanwhile, the 6-hour chart clearly shows an Evening Star Reversal Pattern.
Action: SELL Stop Loss: 15.4 Take Profit: 12.5
⚠ Note: This is just my personal market perspective. Always wait for candles to fully close before entering trades, and trade with caution!
📊 Market Analysis: How Has LINK Moved Since Yesterday’s Entry?
🔍 Let's take a look at three different coins with similar setups.
🔗 LINK Analysis
📌 From our entry on LINK yesterday, which is still active, we anticipate a possible take profit around $17.5.
⚠️ But like I usually say, trade what you see and not what you feel.
Given the market structure I’m seeing, there is a likelihood that price may retrace around $15 before making further moves
BTC Analysis
Bitcoin (BTC) shows a similar structure. There is a possibility of price facing resistance around $86.8K, potentially forming a double top in that zone, especially on lower timeframes.
ETH Analysis
Ethereum (ETH) has a slight resistance around $2,000, where a possible rejection could occur when the market hits that level.
📢 Note:
🧐 These are key areas to watch—price could either break out 🚀 or respect them ❌.
🎯 The game is to have a hint of what is happening or about to happen!
Bitcoin (BTC) is showing a bullish pattern as price broke the $84K resistance with a strong bullish candle. After retracing back into the resistance level, it was rejected with a pin bar candle, signaling that this level is now acting as support.
On the lower time frame, BTC continues to show bullish momentum , forming higher highs and a stronger market structure. If the price sustains this upward movement, the next key resistance level to watch is around $94K 🚀.
Stay updated on market trends! ✅ Like, 🔄 Follow, and 📢 Share for more technical analysis and trading insights.
The current market trend for LINK is moving upward, forming higher highs. This presents a potential entry point for traders looking to capitalize on the momentum.
🎯 Take Profit Target: ~$17.15 (Daily resistance level)
🛑 Stop Loss: ~$13.79 (Risk management)
This setup aims to maximize gains while maintaining a controlled risk strategy .
Like I said earlier, as a swing trader, I’m more interested in the higher timeframe . However, From a scalping perspective, you can see the market moving higher since it has just completed a lower cycle .
✅ The key is to know your trading style and stick to it, allowing for some flexibility when necessary.
Let’s clear something up—my previous post on Ton was not about the recent one-hour timeframe drop 📉. Instead, I’m focusing on the higher timeframe setup, which is what truly matters.
🔍 Key Observations:
Looking at the 3-day timeframe, if by the end of today the 3- days closes, we would call it an inverted hammer. However, since it closes tomorrow, we need to wait and see what happens.
Now, let’s go deeper
The monthly candlestick has already formed a hammer . This brings up some important questions:
🔹 Will the market stay at this level for the next 10 days?
🔹 Will the market keep pushing higher 📈, changing the hammer structure?
🔹 Will the market move downward ?
🔹 Will the market drop first, then recover before the monthly candle closes?
⏳ Patience is key! Let’s watch closely. 👀
⚡ Remember: Trade what you see, not what you think!