• Trend: Mild downtrend; lower highs forming. • Support: $2,443 and $2,312 • Resistance: $2,517 and $2,648 • RSI: Neutral (44–50); no strong momentum. • MACD: Bearish crossover, but flattening—possible reversal brewing.
Bias: Cautiously bearish short-term. Plan: • Short Entry: Below $2,443 • Long Entry: On breakout above $2,517 • Stop-loss: Tight SL of $20–$30 based on entry.
Indicators Analysis: • RSI (6, 12, 24): All RSI values are below 70, with RSI(6) at ~65 — approaching overbought, indicating short-term bullish momentum but potential near a resistance. • MACD: Bullish crossover just occurred (MACD line crossed above signal), indicating bullish momentum building. • Volume: No visible spike, but price action is recovering with decent strength.
Bearish Scenario (if rejection happens at resistance): • Entry: Rejection near $2,572 with bearish candlestick • Target 1: $2,478 • Target 2: $2,385 • Stop-loss: Above $2,588
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Conclusion:
ETH/USDT is showing early bullish signs, but it’s nearing short-term resistance. Wait for confirmation — a break above $2,572 could trigger a long position, while rejection there may present a short opportunity.
Price Action: • Price bounced off around $102,000, showing strong support. • Faced resistance at $107,114 – recent high. • Current price is consolidating slightly below local resistance at $105,743.
Summary • Bias: Mildly bullish unless BTC fails to break $105,800. • Confirmation Needed: Breakout or rejection candle above/below key levels. • Strategy: Wait for breakout or rejection, then enter with tight stop-loss and favorable risk-reward.
$BTC is testing resistance with strong momentum. If it breaks and holds above $106K, the next leg could target $108K+. However, with RSI in the overbought zone, caution is advised. A retest of $104K support is possible before continuation.
Strategy: • Breakout Buy: Above $106,000 with target $108,000 and SL at $104,800 • Pullback Buy: Around $104,000 support with tight SL below $103,000
Unfortunately it hit my stop loss and pumped after that
BullishBanter
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Big congratulations to everyone on the $SHELL call .. As predicted, the price surged, hitting the $0.35 target perfectly. Those who followed the signal and took long positions have locked in solid gains.
This is another example of how strategic entries and precise market analysis can lead to quick profits. $SHELL displayed strong momentum, and the breakout was a textbook move. Let me know in the comments—who secured profits on this trade? And are you holding for the next potential move?